Xstrata

Thanks RC, will look in more detail at that trade. I've not yet entered it.

Shotry
heres a few charts to explain
1. my entry was based on a break below 1104 and the horizontal trendline as shown below


2. black trendline on your chart is quite far away on my chart


3. you can wait till it goes up to your blue trendline & it will give you an excellent R:R
but to do that it has to bounce more than 61.8% fib from where it is now!

RC any value in the trendline I've drawn here on the daily? I'd feel happier if it broke that or to short from the higher blue line?

Would appreciate your views

screencast.com/t/gtsmkvA2J

123 high breakout after a trendline break
LHs and LLs
Short @ 1096 with a SL of 35 points

Any thoughts on this ol' favourite?

I'll try to post my analysis after the close of play today, but looking at T/S' chart recently, there was decent support at around the 1100p mark.

What do you think folks?

yep