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Once again

Once again

Post Mon Nov 04, 2013 7:49 pm

Solid resistance at the 20 EMA / SMA. This dynamic resistance is very strong.
Expecting a powerful break out once this resistance is broken. However the break could be at much lower levels.
John Henry
 
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Re: Once again

Post Mon Nov 04, 2013 8:00 pm

Moves when needed hope it's soon bored out my head.:(
Broxybear
 
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Re: Once again

Post Mon Nov 04, 2013 8:28 pm

JH

I have no idea what you are talking about other than it doesn't make any logical sense.

You cannot have a powerful breakout from one position and then say it could be from a lower level. They are not the same thing.

Is this chartist gobble de gook?
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Rexco
 
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Re: Once again

Post Mon Nov 04, 2013 8:36 pm

Rexco, he is not a chartist, just someone looking for a low entry to then start ramping it once hes in.
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Happy Trader
 
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Re: Once again

Post Mon Nov 04, 2013 8:42 pm

Think he means the daily lowering the ask?
Agree when it breaks out boom but when year end? Lol
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Re: Once again

Post Mon Nov 04, 2013 8:44 pm

Rexco the 20 EMA is trending lower and is acting as a strong Dynamic resistance, Dynamic meaning the resistance level that changes daily. Unlike a static ( Horizontal) resistance that is a constant value. Hence the SP could break above this level at 1.7, 1.6, 1,5 -----------1.0p ????????? as the 20 EMA trends lower.
John Henry
 
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Re: Once again

Post Mon Nov 04, 2013 8:56 pm

Thanks for the explanation.

I am just keeping my head down and praying for 4,000 BOPD by the end of 2014.

That should get it above 2p with a bit of luck.
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Rexco
 
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Re: Once again

Post Mon Nov 04, 2013 8:57 pm

rexco

i think thats a very safe assumption
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Loadsamoney
 
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Re: Once again

Post Mon Nov 04, 2013 9:38 pm

Happy Trader - seems to work for many - blind others with the science of TA terminology which is about as scientific as homeopathy :p
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RichTheNewbie
 
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Re: Once again

Post Mon Nov 04, 2013 9:45 pm

Rich

As far as I am aware the 20 Exponential Moving Average is used to trade Forex during the day (not to be held overnight) so quite why you would want to use it for Range shares I cannot imagine.

ATB

Rex
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Rexco
 
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Re: Once again

Post Mon Nov 04, 2013 9:50 pm

Everytime Rrl breaks the 20/50dma it doubles .
Rtn still happy I see
Broxybear
 
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Re: Once again

Post Mon Nov 04, 2013 9:58 pm

RTN
Homeopathy pffft
You know us TA guys use Tarot Cards.. (slightly better than coiled springs)

Rex.. I wouldn't say a 20ema is that common to FX but wtfdik
TONY THE TIGER
 
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Re: Once again

Post Mon Nov 04, 2013 10:00 pm

TTT - anything from charts or technicals for RRL?
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Fantasy
 
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Re: Once again

Post Mon Nov 04, 2013 10:01 pm

Tony, Bring some of your Homeopathy tablets along Thursday please!
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miniboy
 
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Re: Once again

Post Mon Nov 04, 2013 10:05 pm

TTT - don't worry I know it's all tarot cards. Homeopathy was merely a comparable field ;)
As you say, infinitely more reliable than springs :p
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RichTheNewbie
 
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Re: Once again

Post Mon Nov 04, 2013 10:15 pm

yep-soon! :)


Rexco wrote:
> Thanks for the explanation.
>
> I am just keeping my head down and praying for 4,000 BOPD by the end of
> 2014.
>
> That should get it above 2p with a bit of luck.
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Fantasy
 
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Re: Once again

Post Mon Nov 04, 2013 10:26 pm

Fantasy.
Just had a look at the Range charts for the 1st time in months..... as you were..

Mini..
We need more than pills, might bring some glue instead.. (markets slow today but i managed to get my Chicago flight money, going for the hotel money 2moro) :-)
TONY THE TIGER
 
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Re: Once again

Post Mon Nov 04, 2013 10:30 pm

Rexco 10 and 80 EMA for Forex
John Henry
 
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Re: Once again

Post Mon Nov 04, 2013 10:43 pm

TTT - what is the chart suggesting? buy, sell or cloudy as usual? :)

TONY THE TIGER wrote:
> Fantasy.
> Just had a look at the Range charts for the 1st time in months..... as you
> were..
>
> Mini..
> We need more than pills, might bring some glue instead.. (markets slow
> today but i managed to get my Chicago flight money, going for the hotel
> money 2moro) :-)
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Fantasy
 
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Re: Once again

Post Mon Nov 04, 2013 10:46 pm

JohnHenry...
Nah dont use those either.. There are too many combos mixed in with different trading time frames to chose from and trust me ive fecking tried them all :-)
I only use one ema now which works for me on my trading time frame so i guess im stuck with it, its also the same one mystic meg uses so it must be good..

Fantasy
Cloudy with a chance of fog..
TONY THE TIGER
 
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Re: Once again

Post Mon Nov 04, 2013 10:51 pm

TTT - lol... guessed that one without having to look at a chart... :)
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Fantasy
 
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Re: Once again

Post Mon Nov 04, 2013 11:25 pm

whats wrong with a good old fashioned flip chart

And if it dont look good, turn it upside down
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Loadsamoney
 
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Re: Once again

Post Mon Nov 04, 2013 11:37 pm

TTT best to keep it simple, Price Action ( Candles) around Key dynamic and static resistance levels.

Pin bars, Mother bars, inside bars and fakey bars.
John Henry
 
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Re: Once again

Post Mon Nov 04, 2013 11:45 pm

you missed out Mars bars, as mmm would say....mmm

John Henry wrote:
> TTT best to keep it simple, Price Action ( Candles) around Key dynamic and
> static resistance levels.
>
> Pin bars, Mother bars, inside bars and fakey bars.
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Loadsamoney
 
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Re: Once again

Post Tue Nov 05, 2013 12:44 am

if TA is so good what will be the price be by this Friday.?....yep thought not ...

FFS
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mmm281664
 
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Re: Once again

Post Tue Nov 05, 2013 1:12 am

Seriously when are we going to get some proper news to get this dog moving. Rampsters?
wikkiman
 
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Re: Once again

Post Tue Nov 05, 2013 2:01 am

Wikki

I think you are getting mixed up, you cannot get a dog in this respect to get moving.

Range will only get moving if it is a latent star that can be moved out of its current torpitude and into a dynamic state.
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Rexco
 
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Re: Once again

Post Tue Nov 05, 2013 8:31 am

mmm
Price Friday will be below 2p..
TONY THE TIGER
 
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Re: Once again

Post Tue Nov 05, 2013 8:43 am

TTT, my chart says 1.78
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miniboy
 
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Re: Once again

Post Tue Nov 05, 2013 9:26 am

Are you expecting good news mini!!

1.62-1.7. Current spread.

Acceptable it seems to most of us now. Cheers pete. I'm voting for his payrise. He really deserves it.

(Sarcy) Clarky
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Re: Once again

Post Tue Nov 05, 2013 9:29 am

mini ramping again
TONY THE TIGER
 
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Re: Once again

Post Tue Nov 05, 2013 9:33 am

Yep. Sick of it Tone. One of Kev's boys by the look of it.
Clarkosetla
 
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Re: Once again

Post Tue Nov 05, 2013 9:36 am

It's much more fun being a ramper! Can't wait for the celebratory drinks on Thursday at the "We stayed above 1.5p Party" and DBW buying me a beer!
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miniboy
 
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Re: Once again

Post Tue Nov 05, 2013 9:58 am

No news, new closing low 1.55
John Henry
 
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Re: Once again

Post Tue Nov 05, 2013 11:59 am

Charts mean nothing with rrl, the mm's have been putting the majority of buys through ISDX which has no effect on LSE charts.

Total waste of time looking at candle sticks etc.
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langyboy
 
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Re: Once again

Post Tue Nov 05, 2013 12:18 pm

agreed langyboy
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Loadsamoney
 
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