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AML - Shorting area

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12 years 10 months ago #5015 by gclark25
Replied by gclark25 on topic AML - Shorting area
Yea saw that - i'm too late for that move but does look good.

AML doing its part aswell and still looking viable.
Considering closing some of the position soon.

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12 years 10 months ago #5009 by Shotry
Replied by Shotry on topic AML - Shorting area
I saw that, it didn't look very strong against it's resistance, but it was tapping away at it. Check out BAE systems, can't reember who posted thet rade, but it looks like ight be about to come good.

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12 years 11 months ago #5005 by gclark25
Replied by gclark25 on topic AML - Shorting area
Think you were right to sit and watch DOM Shotry - sensible decision, well done.
I don't like the strength of the latest rise after the break of weekly resistance.

Stop in place above intermediate resistance - but I believe that will probably be taken out today by the looks of it today.

Couple that with the fact I think the FTSE will make a short term rise before a downswing - so the timing of the short on DOM my end was poor.

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12 years 11 months ago #4975 by Shotry
Replied by Shotry on topic AML - Shorting area
Of course Clarky, was interested primarily as I'm watching Dom still and wondering what it's going to do. Appreciate your reply.

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12 years 11 months ago #4974 by gclark25
Replied by gclark25 on topic AML - Shorting area
Still has to break the range to confirm the lower targets, as its just testing the lower region of the range at the moment.

I was trading the range initially, but I just have the gut feeling it is going to break the range to the downside soon, following the divergence and the fact that I believe the overall price action is at an intermediate peak.

I think the 2 charts on the 4H chart especially are showing similar signs and price action.

Certainly not here to convince you to do either though, of course, was just replying in answer to your reply if you get me.

Cheers.

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12 years 11 months ago #4973 by Shotry
Replied by Shotry on topic AML - Shorting area
Thanks Clarky, still can't convince myself or the moment. I see the resistance and on DOM at least I can see the RSI bearish Div. I see a couple of RSI bearish div on AML, but they look as they might have played out. Still think Dom looks like a short, but can't quite pull the trigger. AML dropping nicely so looks like you've got it right.

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