Aviva

remo wrote:

Rossymc wrote: Got smacked out yesterday on 70 and look at it go now!!!!!

54 as I type.

Remo, please can I have feedback on my stop.

Cheers RMc

Stops should be placed above the previous high(resistance)
If you had entered the short on the back test of the breakout then the stop should have been above the high at 376.2

The only problems with having stops above the previous resistance is that it could be really far away with some companies maybe 200+ points, but with Aviva it's fairly close by so you would have placed it above 376.2.
Hope that makes sense

Remo .... perfect.
2nd target was gap and third was 320ish.

Thanks for your time pal, much appreciated.

RMc (living and learning)

Rossymc wrote: Got smacked out yesterday on 70 and look at it go now!!!!!

54 as I type.

Remo, please can I have feedback on my stop.

Cheers RMc

Stops should be placed above the previous high(resistance)
If you had entered the short on the back test of the breakout then the stop should have been above the high at 376.2



The only problems with having stops above the previous resistance is that it could be really far away with some companies maybe 200+ points, but with Aviva it's fairly close by so you would have placed it above 376.2.
Hope that makes sense

350 first target for 3 contract achieved.

Remo, I need a smiley with steam coming out of its ears.

Got smacked out yesterday on 70 and look at it go now!!!!!

54 as I type.

Remo, please can I have feedback on my stop.

Cheers RMc

I'm going to be very interested to see how this plays out. Is your green box a rough area of resistance? Bearish candle is clear, how much weight should one give to this compared to the Bullish divergence? How would you view a finish above 363.5? I have resistance there?

clip2net.com/s/2P4Kj

Explanation on charts



Cheers RMc