A thread created for the TA of charts on the LSE markets. (aim and plus included)
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RESOURCES

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CHART SCREENERS

http://www.iii.co.uk/spreadbetting/?type=technical http://www.barchart.com/lookup.php?field=name&search=contains&string=YELL&e=nf&type[]=2&type[]=1&type[]=5&type[]=9&type[]=10&type[]=4&type[]=CAN&type[]=LON&type[]=IND#results http://www.autochartist.com/ Nb, only free to IG Index Members. http://www.britishbulls.com/

BULLISH TRENDING CHARTS. Timeframe 3 Daily. Updates And Renewals Will Take Place On a regular basis.

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G - OMMMMMMMMMMMMMMM (repeat 10000x).

Market turning blue this afternoon.

Lets get through 5,600 and stay there this time .... PLEASE.

Bullish article from Investors Inteligence this morning.......

Among the bulls, Dairy Crest is a notable one. Price surged from the range support, at 340p, to challenged the pattern of lower highs. Its relative strength also rebounded (see right). This, we reckon, could be short-term positive and we expect prices to reach 400p, a psychological level.

Sporting Bet SBT seems to be on a roll at the moment after positive moves in the US related to online gambling.



Target for the SP would be around 120p the bottom of the gap where resistance may be come up against.

Bullish looking chart from friday.

My list of rules for S/Betting, please add yours.............

Can you make a living from 14 grand starting pot...... yes but you have to be able to goth both ways in the market ie, short aswell and I would probably stick to stocks only.

Strict discipline aswell more than anything, easier said than done.

Big problem coming up with stops, ie do you use them or do you risk being wiped out totaly if we get a terrorist attack.

My rules are something like this.....

- dont touch oilys and miners plus biotechs...too risky

- try and stay away from volatile stocks unless you are intraday trading

- never play a stock with a beta of one or higher

- make sure stop if used is far enough away from morning spike

- go for a target of 20% profit or higher if resistance is further away

- use level 2 for entry but if you havent this buy a stock when the spread is tightest and probably when a bout of selling has just taken place, try to get off to a good entry start, this helps to not play catch up later.

- dont go for a big spread stock where the bet size entry is bigger than your acceptable loss. you wont catch up in most cases

- never use more than 2% of your whole pot on one single bet, ie, thats as much as you are allowed to lose on your stop loss so position it accordingly

- make sure you dont overtrade and risk a margin call

- be carefull which 1/4trly bet you go for. If theres only a few weeks to go before expiry pick the later quarters bet even though you pay more in spread

- make sure you have a grasp of charts and TA

- always use ATR average true range on your charts..... this gives you idea of volatility

- read up on the companys results dates, ex divi dates trading statement dates etc etc.

- flog a stock before the news comes out day

- stick to a system and tweak it if needs be

- take a few days break and close out entitre portfolio every now and again

- dont get caught up in data watching or you will be panicked out of some positions

- cut losses fast and let winners run

- use trailing stops after a profit is established and move the stop in tighter , not too tight though

- at all times try to preserve capital base, your still in the game that way

- read as many books on trading as possible but dont over do it or youl end up with hyper tension and producing too much cortisol

- pay attention to intermarket relationships, we are now a global economy.

- last but not least follow all goldfingers tips...... they are ace.

Quicky, just about breaking out but beware large spread...............

Technically looking very positive for a further move up from this SP level.....

Titan Europe TSW

Nice move up this morning going first to take out the spike at 84p. After that pretty much blue sky.

A fly in the ointment maybe:

08-Sep Sell John M A Akers 64.00p 100,000 64,000.00
07-Sep Sell John M A Akers 65.00p 50,000 32,500.00
07-Sep Sell John M A Akers 64.00p 250,000 160,000.00
15-Jun Buy John M A Akers 39.50p 100,000 39,500.00
08-Jun Buy John M A Akers 33.40p 20,000 6,680.00

Also SB spread is wide.

Triangle just a little optimistic.

Projections are good.

Interesting.

What on earth is this rise due too ?.....is there a rig in sight ?.....because of drilling in Brazil or the Falklands ?.....at the moment trade only in oilies and gold ...forget about the rest of the nonsense economy....apply that rule to 90% of your trades.....end......PS......mix up with Chariot Oil.....

Short to 4?

Looks more like 380p skinny, bu beware the general market spiking up.

Will be glad when the oiler resources bubble has burst, just think of all that dosh going back into run of the mill stocks.

Well I'm short av @480 so either will do!

Good on you skinny well done. Good return there.

CEY Centamin (gold) looking interesting this morning and looks like its chart indicators are on the verge of turning positive.

It has had its problems over the last 1/4tr with minor production faults.

But certainly these are said to be being sorted out and the stock unlike a lot of other producers isnt massively overbought.

Ive taken a position first thing today 'jumping the gun ' on the lower chart indicators.

SP of gold also going to new highs this morning.




dyor.

ITM POWER ITM

One to watch for a breakout.

Been some interesting a bullish fundies in the past week.

HFD closed +80.

great call skinny :)