Chariot Share Discussion Threads

[navyan] 21/5/2010 22:53

and FTSE daily chart, completed the 100% retrace, also on the megaphone support line.



and weekly charts:

I drew this Fib on the FTSE weekly chart early this month, and never looked at it again until today, and noticed today's FTSE low touched almost exactly at 50% level. would it be THE turning point then I wonder...?




today's

[andonis] 21/5/2010 22:12

go long my boy for now for few days.

[navyan] 20/5/2010 15:11

cable short final screenshot. 220pips in total from last night. been too lucky with this one I think.

[navyan] 20/5/2010 07:50

so far so good ando ;)

105pips into profit... I would probably close half at the 50% level and move the stop to above 61.8% level and let the another run.

[navyan] 19/5/2010 23:59

so far so good Ando :)

[andonis] 19/5/2010 22:11

Tomorrows prediction......

free stock charts from www.advfn.com

and what really happened....

[navyan] 19/5/2010 22:04

today's Cable 30mins chart.

[andonis] 19/5/2010 21:22

thanks nav

[navyan] 19/5/2010 21:00

BUT, I will also give you a example when it worked, take today's FTSE 30mins chart as a example then.

[navyan] 19/5/2010 20:47

Ando, update on this morning's Dow chart. I was expecting the price to reverse at the orange color highlighted area but it didnt, it kept falling. Hence this method doesnt work all the time. so a stop must be placed just below the TDST line. and it is better to place a sell order just below the stop of the first trade.

the method is draw a Fib retrace from the TDST line, which can be support or resistance, in this case, green color TDST support line where 100% is, and draw fib to the next temperory high/low where the 0% is, and expect the price to reverse at around 89.6% area.

note, interestingly, the Fib 1.618 worked well for projection the downside target and support, Dow bounced from that level.

[gurunostradamus] 19/5/2010 18:16

...what are the chances of getting a big bounce for the next 2 or 3 days...the stars are indicating it as such...

[ecomk1d] 19/5/2010 17:58

loudspeaker

[navyan] 19/5/2010 17:34

long long long...