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FDI - Dragonfly Doji?

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13 years 1 month ago #3098 by Tradesmarter
Replied by Tradesmarter on topic FDI - Dragonfly Doji?
no..but you may well get mugged!
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13 years 1 month ago #3093 by bonobo77
Replied by bonobo77 on topic FDI - Dragonfly Doji?
Thanks for all the replies fellas.
If TA is a 'dark art', do I get a cape?
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13 years 1 month ago - 13 years 1 month ago #3088 by ramu2211
Replied by ramu2211 on topic FDI - Dragonfly Doji?

dl.dropbox.com/u/11107241/FIRESTONE%20DI...20PLC%20ORD%201P.gif

Upside target of 5.27...Trend reversal as there is a target and forming higher low, one X above the previous column of X is a double top breakout...

Cheers
Ram
Last edit: 13 years 1 month ago by remo.
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13 years 1 month ago #3080 by remo
Replied by remo on topic FDI - Dragonfly Doji?
If you want to put pictures in here from drop box and you want them to be full size ,
Then click on reply
look above next to the quote symbol to the right of it there is a tab called image link,click on this
Delete the content in there(http://)
and copy your dropbox file that you want to share directly in here.

heres a video ive done on drop box

chartsview.co.uk/learning/video-dropbox.html
this is available from the learning section under trading videos
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13 years 1 month ago #3079 by remo
Replied by remo on topic FDI - Dragonfly Doji?
Bonobo77
Your getting used to the dark arts ;) ;)

Only thing i would say is that ,
Dragon fly doji are rare and for this company it seems to be a regular occurrence so you should be cautious with it. Its to do with the penny share side of it.these things happen a lot on penny shares.
The good thing about it is it actually appeared at the right level at Support.
If you look at the chart you can see its the third time at that level where it bounced.
Dragonfly doji like any candlestick should come at a known support to be valid(well thats how i do it)
and this is the case in this company.
stops would have to be below 3.75.
Its really hard to do technicals on a penny share. Its volatility can be crazy .Hense why people love it.



dyor
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13 years 1 month ago - 13 years 1 month ago #3073 by Tradesmarter
Replied by Tradesmarter on topic FDI - Dragonfly Doji?
Forgot about this one!....but your "amateur" analysis as you call it, is exactly how I would read the chart (amateur chancer speculator self taught chartist)...although risky, I totally agree with your risk/reward e.g 50% potential for around 10-15% risk (dependant on spread)...a classic radar penny punt




www.candlesticker.com/Cs19.asp

www.candlesticker.com/Cs09.asp

B....to add the chart simply save to your pc, hit add file button (next to attatchments) once loaded PRESS INSERT and your chart will then appear fully onscreen..if this doesn't work I'll do a quick vid for you later
Last edit: 13 years 1 month ago by Tradesmarter. Reason: support answer
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