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    SPD (Sports Direct) - SELL *Trade Closed -1.0 R:R*

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    fxtrades

    Posts : 119
    Join date : 2010-05-18

    SPD (Sports Direct) - SELL *Trade Closed -1.0 R:R*

    Post  fxtrades on Tue Mar 01, 2011 6:04 am

    Ok, I'll start by saying I really shouldn't attempt this trade as I'm trying to catch a top with no good previous SR as reference, but it does at least have some good features Smile

    Reason for trade: Sharp price rise over last couple of days, good looking pin bar, turning 3,2,2 stochastic and MACD divergence.

    Entry: 279.6
    Stop: 295
    1st Target: 1:1 R:R





    Last edited by fxtrades on Wed Apr 06, 2011 1:46 am; edited 1 time in total

    fxtrades

    Posts : 119
    Join date : 2010-05-18

    Re: SPD (Sports Direct) - SELL *Trade Closed -1.0 R:R*

    Post  fxtrades on Fri Mar 04, 2011 9:13 pm

    Well, on the plus side it looks like I managed to catch the top, however still waiting for price to make a major move down. The wait continues....



    fxtrades

    Posts : 119
    Join date : 2010-05-18

    Re: SPD (Sports Direct) - SELL *Trade Closed -1.0 R:R*

    Post  fxtrades on Tue Mar 08, 2011 12:38 pm

    Leaving this to run as is, however just taken a look at this on IGCharts and am shocked at the difference in look to PRT, I'll post what I'm seeing when I have a few mins as having looked at it for 5 mins or so I'm baffled! I assumed PRT and IG daily charts should look roughly the same... that said having seen Wig's spike the other day, perhaps not!!
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    Wig

    Posts : 616
    Join date : 2009-10-02

    Re: SPD (Sports Direct) - SELL *Trade Closed -1.0 R:R*

    Post  Wig on Wed Mar 09, 2011 9:16 am

    strange indeed... Suspect



    no pin at all on finspreads just to chuck that into the mix
    cheers

    fxtrades

    Posts : 119
    Join date : 2010-05-18

    Re: SPD (Sports Direct) - SELL *Trade Closed -1.0 R:R*

    Post  fxtrades on Thu Mar 10, 2011 1:45 pm

    Here's what I see on IGCharts, I can safely say that I would not be in this trade based on the Finspreads or IGCharts!


    fxtrades

    Posts : 119
    Join date : 2010-05-18

    Re: SPD (Sports Direct) - SELL *Trade Closed -1.0 R:R*

    Post  fxtrades on Wed Apr 06, 2011 1:53 am

    Well this turned out to be one big mess in the end!

    Firstly having entered the trade I realised that no 2 charts could agree on what the price chart actually looked like for SPD, some showing a pin bar and nice run up and others printing a chart that you wouldn't even entertain!

    After which I identified a need to bring my stop in, however then had no internet for a while and was therefore unable to do this, after which I missed the chance.

    Anyway to cut a long story short, bad entry, bad management and given these two factors a -1.0 RRP loss.

    Chart (on which I took the trade) shows break of pin where I was stopped out.


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    Re: SPD (Sports Direct) - SELL *Trade Closed -1.0 R:R*

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