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    DNO (Domino Print) - Sell *No Trade Taken - Analysis complete*

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    fxtrades

    Posts : 119
    Join date : 2010-05-18

    DNO (Domino Print) - Sell *No Trade Taken - Analysis complete*

    Post  fxtrades on Sat Feb 05, 2011 7:01 am

    Another one I'm watching and quite like the look of.

    Top of 5 year range, therefore would be playing it as a pull back before a continuation of the trend.

    Reason for trade: Price has hit ascending trend line from 16th Sept and 5th Jan. Also turning on 3,2,2 stochastic and MACD divergence from 5th Jan.

    Comments welcome Smile





    Last edited by fxtrades on Thu Mar 10, 2011 1:54 pm; edited 1 time in total

    fxtrades

    Posts : 119
    Join date : 2010-05-18

    Re: DNO (Domino Print) - Sell *No Trade Taken - Analysis complete*

    Post  fxtrades on Thu Feb 10, 2011 2:32 am

    Been watching this, but no entry. Second higher pin 2 days after post above, followed by a small up day. Same entry criteria held up on second pin, and we may well see a decline now, however still to risky for my liking.

    fxtrades

    Posts : 119
    Join date : 2010-05-18

    Re: DNO (Domino Print) - Sell *No Trade Taken - Analysis complete*

    Post  fxtrades on Fri Feb 18, 2011 5:24 am

    Called this trade 2 days too early, however not had any sharp decline since the second pin, therefore just posting a chart more out of interest than anything.


    fxtrades

    Posts : 119
    Join date : 2010-05-18

    Re: DNO (Domino Print) - Sell *No Trade Taken - Analysis complete*

    Post  fxtrades on Thu Mar 10, 2011 2:01 pm

    If you had caught the right top this played out very nicely with a 50 point drop and retrace to the 60EMA.

    In fact you could have then had it again a couple of days ago based on the same technical analysis, harder picking the turning point second time round though!

    Looks so easy with hindsight Smile


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    Re: DNO (Domino Print) - Sell *No Trade Taken - Analysis complete*

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