dmedin

I've decided to take profit at 1200 as the price is pulling back and I think it's a good idea to wait to see what happens tomorrow. Hope I don't miss out 🙈

Getting some nice pullback in the share price this morning. Long may it continue! 😆

This is quite typical behaviour in the financial services industry. Senior execs and inside traders cause the system to collapse, prompting a government bailout. Regulatory authorities respond by slapping stifling prohibitions and restrictions on normal people (who didn't cause the crisis in the first place) and let the top execs (who were entirely responsible for the collapse of the system) retire with multi-million pound pensions intact.

Strongly bullish weekly signal. I'm now looking to get out and maybe consider going long if it breaks the high. Lessons learned * Wait for stronger signals on the weekly and monthly charts!!! * Remember to check company announcements - d'oh! I did not realize they had a trading release this week.

That looks like a reaction wave (a 2 or a B or such) and the next wave is back up 😎

J&J still holding up.

This now actually looks like a potential for going long.

Ouch! Looks like it might actually be a better idea to go long at this point. Let's see what happens tomorrow, and if it breaks 635. 😱

It looks good for Ocado but the volume is still quite small. Well, price is number 1.

Wasn't one of my best ideas! I got stopped out today. Will still keep an eye on it and see where it goes from here. It still seems to be in a downtrend.

Weekly timeframe definitely suggests that we've seen a peak top for now ... fingers crossed!

I have a feeling that today will be particularly important, there is a wee doji forming! 🙈😁 We may go back up above 602 and start trading in the upper range again.

I haven't done any backtesting yet, hence all the wavering. I see that backtesting is possible in PRT so I need to spend time learning how to do it.

I'm glad I wasn't short on Red Hat when IBM made an out-of-hours announcement that they were going to buy them ... I'm also glad I wasn't a 'professional' client of IG's, as I would be in a lot of debt to them. (Seems like a high price to pay for a small reduction in margin requirement ...)

Right now it looks like it's moved too far away from its 50 MA

I have two Fib ratios, 1396 and 1370, have been wavering which one I'd like to buy at. Settled for 1370. Need a decent pullback after such a run!

Volume is picking up on the downside again. Might be a good short now.

So far, so good.

🥺

Clearly still a lot of selling interest here. 😱😲

I'm not totally stupid as I can clearly see the opportunities even when overall the index is going sideways, it's always just easier to spot after it's already happened. Here the Nasdaq had a triple crossover (current price < 5 MA < 20 MA < 50MA) and it was confirmed with volume (crucial), and the RSA even gave a timely signal to cover short. Happy days! Unfortunately I didn't trade it

This is really handy. I've got it added to PRT. 👍

I'll be updating regularly on this one too as I committed

Looks like it is in a 2+ year down channel and a potential candidate for shorting, now below the 200 day / 40 week SMA.

It looks like it's trading in a range, but a range that is 'one leg lower' than the previous range, which was 602 - 640 or so. Now it looks like it will trade a range of 569 - 600.