GEMD

Thanks LTV, I'd really appreciate more input as I can see your reasoning very well and understanding the validity of the different trendlines could make a big difference to our results. I remain out of this trade for the moment. Spread isn't great at 3.5p ish.

I used July, as there were 5 touches. I believe the more touches the better the trendline.

I couldn’t match it up well enough from the March high.

This is where this website could become excellent in learning.

I dont know which trenline is more valid! Remo?

Anybody help would be appreciated?

I'll keep an eye on it LTV. Added to my POG position this morning as the chart looks v good.

I'm interested in learning how others place their trendlines, you've drawn yours from early July, whereas I'd put mine in from March, which might explain the differences between what we're seeing. I'd love to know which trendline was more valid? My chart looks a little different from yours (these kind of differences are worrying as this is supposed to be objective data), but if I draw my trendline from early July as you have I get a very similar picture? Would love input on this?

Shorty,

Had a quick look, i'm not sure its broken out.

Stops at 148 look good.

dl.dropbox.com/u/21384991/Gem%20Diamonds...1.12%20%28DFB%29.png

On my daily chart the RSI hasn’t broken out?

I would think you need a close above the daily trendline (blue). Around 168.4.

Targets 179 (hor) 196.91 (200ema) 199. horizontal.

Weekly suggests we're on the edge of a break up from a descending wedge (I've annotated the chart with stops/targets. Would very much appreciate others views

screencast.com/t/yMBMbwzEcc3j

Daily confirms the weekly view with a finish above 164 being bullish. I've annotated the chart. If it breaks up, then it might be reasonable to place stops closer to 160 than the 148 suggested on the weekly chart. If that's reasonable the risk reward is very good.

screencast.com/t/apmtJTaaj8b7