501 replies to this topic

[Queen B]

Wall of China is cracking a bit

[carlosthejackal]

Patience okes!!

[SyndriN]

If it breaks now ima cry lol

[Pilotpilot]

China wins... I'm out 

 

  Just not enough buyers in the market to sustain that bull trend.

[SyndriN]

China wins... I'm out 

[Pilotpilot]

It's like the wall of China standing in front of R 20-00   

 

True...some serias resistance there!

[SyndriN]

It's like the wall of China standing in front of R 20-00   

[SyndriN]

Call my crazy but i am waiting to see what happens between 19.90 - 19.95, if it drops will let go

[Pilotpilot]

Tomorrow we have support @ R19-73 on PPC (see chart attached), but there was a mini break of trend after the close today.

 

I am going to close half the position @ R19-90 (which it should test, if turning bearish tomorrow), and adding a stop / Loss for the other half @ R19-58.

 

It seems like the best option at the moment, with the other option being to close out the whole position @ R19-90. 

 

There is about 35% chance that it would break R20-00 tomorrow, and then it will be a strong break. I have one indicator that has crossed with a 65% success rate, but if it doesn't confirm, the upside is usually much stronger.

 

I will post the spread sheet tomorrow morning.

 

I have decided to close the whole position on PPC @ R19-90. I will look for the re-entry, but for now this one needs to find new support, (except if this is a false break) and the support could be R18-20 to R18-40. Will keep you updated 

Edited by Pilotpilot, 04 June 2015 - 10:50 AM.

[Mars]

Anyone in on VOD?

[SyndriN]

You could get R20-00 on PPC. It should test here first before going down, but I'm closing at R19-90 to be safe.

 

Hmmm.. will have to be quick hands between 19.85 - 20-00 range today

[loading.....]

Hey Pilot,

 

I would like to get hold of your secret formulae   because on my charts there is a resistance for GLN at 54.40 and a support for BTI at 659.50.

 

I think ill be a spectator on this one and try to take notes

[Pilotpilot]

Today's the day... sell order at the ready! 

 

You could get R20-00 on PPC. It should test here first before going down, but I'm closing at R19-90 to be safe.

[SyndriN]

Today's the day... sell order at the ready! 

[Pilotpilot]

Hey Pilot, what's your take on SGL? going nowhere slowly...


McEdama

 

Hi McEdama

 

SGL has still not turned bullish yet. It is showing some divergence and could recover, but this trend is still down. Up days , will be shorted. I would wait for a better entry point to go long. It's a gamble at the moment, which way it's going in the next few days. 

 

LHC is about the same story. There could be another leg down here and there is still no sign of reversal here. It wont turn around quickly, so there will be lots of time at the bottom to go long. (where the Bulls and bears will fight it out)

 

Just my take,

 

P

[SyndriN]

Lol 😁 I'm giving it a run past 1985 if it drops in most likely out, will see how I feel in morning 😄

[New_kid]

This is like a back and forth scrum ... there we go bulls pushing back!! ( I hate the bulls by the way sharks fan )

Ye , me too. Stormers here!!

Just lost most of my respect for both of you. 😄 😋
lets hope PPC comes right tomorrow but i doubt it. Think i might give it till mid day and then cut it.

[McEdama]

...

[McEdama]

Hi Pilot, what's your take on SGL & LHC @ these levels? They've pulled back quite a bit...

Thanks,
McEdama

[McEdama]

Hey Pilot, what's your take on SGL? going nowhere slowly...


McEdama