VOD - are we close to a buy?

Well I am not letting you get away without telling us your exit strategy LTV. As Alexander Elder says, a true pro thinks as much about is exits as his entrances, would you agree Remo ...... ?

Boxhead1,

I did get a good buy point. Buy at support. Thanks Remo.

Can't see charts at the weekends, will have a look monday and post a chart.

Not much wisdom here. More Learing to buy at support Is the hard part.

Need to listen to my Master more on targets and stops.

Stops under previous low.

Targets, using 3 contract rule, still learning this.

Master Remo, (sorry no Yoda icon, closest colour )

If you ever have 5 mins, if you could show a recent trade idea on a chart (national express or tullow you mentioned recently) where you buy, where stop placed, where you would take contract 1,2,3 profits.

I know we have spoken about this before, sorry to repeat yourself. Many threads discuss buy,stop but not much on targets, its discussed take at resistance, thats about it.

Think it could be a helpful learning item.

Thanks

Well I can think of someone who will be feeling pleased today (see Long-term view's post below) I reckon that he got in at 154.8 just before a 1-2-3 low. Am I right or am I right ?

I want to hear from LTV now as to his profit target ! Come on LTV share your wisdom !!

www.dropbox.com/s/y6kl0fhx5b02ag3/VODAFONE%20GRP.04.01.13.png

i personally dont use it on the hourly .Its more effective on the daily.
But i suppose you could use the hourly for an early entry but the downside to this is you will have a lot more false breakouts as its more common on the hourly time frame than it is on the daily.
Just my view and if it works for you great.

Looking at the hourly, am I right in thinking we will have a 123 low if we close above 158?

20sma are not major resistance .This would be used for short term trading purpose.
the 200sma is the one that has the biggest impact and then the 50sma.
It all depends on what your using the moving averages for as many people use 20sma. It is a good moving average as its based on one months worth of data.