Jump to content

JD Sports


Recommended Posts

22 minutes ago, dmedin said:

From a weekly perspective it looks okay.  I moved my limit up as I doubt it will pull back all the way to 521 in the imminent future.


Tomorrow may be a better day to see how things are going, if it drops below £6.00 it could keep on going down but above £6.15 and I would be getting worried if I was short. 👿



  • Great! 1
Link to comment

hi @dmedin. I have been reading all your posts with interest. I am not an experienced trader by any means. I spend most of my time demo-ing but now and again I go live for small gains. Should I ever trade individual shares then I tend to stick with weekly monitoring and daily chart for entries because that works for me. I have normal stochastic and normal rsi settings with a horizontal line across the 50mark on each. I use the stochastic to look for buy and sell signals at either cross over on the top or the bottom. I then look at the RSI to see if there is any divergence in the movement. I have attached my chart and although the RSI is showing divergence in the very short term, the stochastic is yet to cross down. The daily timeframe may help with trading earlier rather than waiting until the close on a Friday to see if there is a cross.

JD Sports Fashion PLC_20190711_20.25.png

  • Like 1
Link to comment

Looking at the daily chart, I would have shorted on 5th July as there was small divergence in the RSI from the previous day and the stoch crossed. However, it would only have lasted a small gain because the RSI levelled off with no divergence within a day. Therefore only a small gain from roughly 621 to 603 give or take a spread.

JD Sports Fashion PLC_20190711_20.25.png

  • Like 1
Link to comment
  • 2 weeks later...
  • 4 weeks later...
  • 3 weeks later...
  • 4 weeks later...
On 22 June 2019 at 13:27, davidbrister said:

From my experience with the RSI indicator, once it gets back down to that 30's mark, it tends to then swing back up.

The high volume sell off in that last volume stick and the price drop in the candle could indicate a move to a short position, personally i use the Parabolic SAR with the Macd as my indicators, havent done too much with the Fib charts.

The problem i see with drawing your own lines on the chart is that you can make them any where you want to fit your narrative, which can screw your chart to suit your mind, not your trading plan, so i would be very careful with that.

with out my normal indicators, im going to say its over sold from the RSI and it will move up not down, but i hope for your sake im wrong.

Be interesting to see where it goes, hope u update it later.

Thanks alot

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • General Statistics

    • Total Topics
    • Total Posts
    • Total Members
    • Most Online
      10/06/21 10:53

    Newest Member
    Joined 25/01/22 01:50
  • Posts

    • Hi all, Got a successful trade on my demo account.  Looking at NG to continue its upward trend to move back above the 50MA and 100MA and eventually retest 4000. Opened a position at 3825 with stop loss at 3740 and a target of 3965 (not ideal risk/reward ratio sadly). Position opened after moving above the 50MA. Went above the 100MA, fell back, then pumped back above the 100MA during the 7pm high volume spike, I closed the position at 3915 for £225 (£2.50/point).  Upward trend looks to continue setting higher highs and higher low on the hourly since Thursday.
    • How fast will the Fed raise rates? With the FOMC January meeting just around the corner, IGTV’s Daniela Sabin is joined by James Stanley from DailyFX to talk about market expectations and the likelihood that the Fed will deliver a surprise rate hike on Wednesday. https://www.ig.com/uk/market-insight-articles/how-fast-will-the-fed-raise-rates--220124
  • Create New...