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    Lancashire Long

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    matk

    Posts : 50
    Join date : 2010-08-25

    Lancashire Long

    Post  matk on Wed Sep 01, 2010 11:27 pm

    Hi All

    This trade triggered on a 50% retrace to day

    Reasons For Trade Upward Trend on weekly bounces of key weekly S &R

    Price originally bounced of Monthly R1 and off a key weekly 500 price zone see weekly chart

    My entry was a bit later off a daily bullish eng followed by a gap down bullish reversal candle.
    This bullish eng broke local res and bouncing above another key Sand R 516


    Entry 528
    Stop 515








    matk

    Posts : 50
    Join date : 2010-08-25

    Re: Lancashire Long

    Post  matk on Fri Sep 03, 2010 1:20 pm

    Hi All
    Have at long last sussed adding charts to posts Charts now added
    to Lancashire initial posting

    regards

    matk

    Posts : 50
    Join date : 2010-08-25

    Re: Lancashire Long

    Post  matk on Sun Sep 05, 2010 4:11 pm

    Hi

    Lancashire has moved in my favour, to 539
    just below weekly res at 540. lets see if price can break this level in
    the next few days.Stop moved to 522 below res at 528 and both Aug and Sept
    monthly pivot points.

    Regards

    matk

    Posts : 50
    Join date : 2010-08-25

    Re: Lancashire Long

    Post  matk on Wed Sep 08, 2010 8:15 pm

    Hi

    Today Price displayed a powerfull initial gap down large bullish bar price halted at
    res 540. Lets see if this breaks ??

    matk

    Posts : 50
    Join date : 2010-08-25

    Re: Lancashire Long

    Post  matk on Sat Sep 11, 2010 12:40 am


    Price has broken weekly res at 540 and bounced off
    it bullish candle fri 9th

    see chart


    matk

    Posts : 50
    Join date : 2010-08-25

    Re: Lancashire Long

    Post  matk on Sun Sep 12, 2010 10:55 pm



    Stop moved to BE

    Limit order MR2 566

    matk

    Posts : 50
    Join date : 2010-08-25

    Re: Lancashire Long

    Post  matk on Tue Sep 14, 2010 8:49 pm

    Moved s Loss to 541 red line
    Support seems to have formed at 547

    Res at 545 broke

    See chart

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    Re: Lancashire Long

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