United Utilities

This gapped above the trend-line today, possible trend change?? Looks like a move back to the highs is possible if it finishes above trend-line. This is from the share tips had a 123 low breakout recently.


dl.dropboxusercontent.com/u/4899609/UU160114.png

Possible inside bar today
I have moved stop to below the low of yesterdays low....its above breakeven and i've locked some profit

I have a different view I don't think we are near a potential top....not that would start a downtrend anyway...I do expect a healthy correction and expect the Bull run to continue...I am taking cautious long positions only... I like riding a bull instead of trying to tame it
3 of my positions tullow oil, afren and dominos are already risk free and in profit...only united utilities is just above breakeven and thats because i took the trade today afternoon....and yeah i am a short term trader...i hold for a few days to maximum two weeks!

Hi redchilly
When the index is near a potential top it's more risker for a long term based trader to take new longs. Best time to take longs are after a bear market or near to an end to a bear market.
Obviously that's for a long term trader .
Short term is a different story all together. I always look to add during retracing as long as the main trend lines don't get broken.

apologies remo that didn't come across right

we are here to learn so feel free to criticize

Long @ 733.3 with a SL of 20 points


Ftse has been making HH and HL so I have been taking a few long positions with tight stops

Current Longs :
Tullow Oil
Dominos Pizza
United Utilities
Afren

Will keep updating with follow-up charts as we go along!

Pls feel free to criticize my posts/charts as that's why we are here for