DislikedHi guys,
I see no good set ups. Does anyone see anything? In fact I did only 1 trade in 2 weeks. I think it was necessary to have such time when I had to take no trade- just to train my mind that it is not necessary to trade all the time. In fact it was the first time I havn't traded for so long since I started. Thanks to James16 people.
Thanks,
VinayIgnored
Hi Vinayn and all,
I have also not traded for a while due to still being in my first 3 month period demo trading only PB set ups and learning discipline to only take good PB set ups.
However, due to there being none recently I thought I would scan a few more pairs or even stocks and have found that on Alphari MT4 a few popular UK FTSE 100 Stocks are available.
Fridays close has brought to my attention 3 that I might consider BATS.UK, KAZ.UK, AZN.UK and MKS.UK. Ref attached charts.
If I do decide to place orders on any of the aforementioned stocks my plan would be to play a break of the PB and to close 1/2 position move SL to BE if price hit the area marked on the charts by the green line. (Based on preliminary analysis only)
However, I am unsure due to the behaviour of the Stock market or at least my little understanding of the behaviour of the stock market as I am used to watching mainly FX pairs.
Therefore, please would any of the senior members provide comment on the PBs I have posted I would really appreciate your inputs.
I would also appreciate anybody else’s comments so please feel free, I have learned so much from all on the J16 thread and hope to keep learning.
Many thanks
Cheers
GPFX