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Ascending vs. Descending - In Real Time

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Re: Ascending vs Descending - In Real Time

I've closed my CFD on NCM but still holding my ordinary shares. Tidy few days.

Closed to lock in profits and I'm guessing that $US is going to make a short recovery soon, and POO may fall back too which will effect POG...To be reviewed.
 
Re: Ascending vs Descending - In Real Time

kennas said:
I've closed my CFD on NCM but still holding my ordinary shares. Tidy few days.

Closed to lock in profits and I'm guessing that $US is going to make a short recovery soon, and POO may fall back too which will effect POG...To be reviewed.
Click to expand...

smart way to do it Kennas. I am also looking to jump in at the retrace.
 
Re: Ascending vs Descending - In Real Time

Well

What a week ... just gave back 30% of my capital two days after it had increased 15% the day before ....

I'm in cash .... my money mgt has recieved a good looking at this morning

I've been doing two things clearly wrong

1 CFD positions taken have been using the equity built up in previous postions taken who's gains I had not actually realised (ie : these positions where still open themselves)
2 Latter CFD positions much larger that the earlier ones so reversals in latter positions not only eroded the gains in that position but also wiped out the gains from, smaller and profiatable, previous positions ...

My analysis is generally OK ... and I've always used STOPs effectively with straight equity positions ... oh well ...

Looks like we shouild not expect any great bounce on Monday either ... going to be a hard one to come back from too quickly and I expect the shadow of last week, and what is to come will be around for quite some time
 
Re: Ascending vs Descending - In Real Time

Yes, there is not too many descending triangles that have not descended past the support line!

I am happy with using a GSL (which may have helped your situation), only problem is IG will not let you set it to a distance less than 5%
 
Re: Ascending vs Descending - In Real Time

Hi CFD

I'm going to open one one position at at time from now on via CFD

Bit like those that just trade the SPI or similar.

Will only be in one of the 1, 3 or 5 % offerings

That way I can concentrate my attention, not be concerned about multiple positions impacting on each other in terms of margin etc.

I had a great position in ZFX (my first CFD) that was very profitable in its own right and had I had that position alone last week I would of simply exited and locked in a great profit.
 
Re: Ascending vs Descending - In Real Time

Dutchy,

Sorry to hear of those losses, i am sure you will bounce back mate!!

Have a think about loading up on Cue??
 
Re: Ascending vs Descending - In Real Time

Hi JW .... cheers .... that's anothery .... this position was also well in front!!

30% margin needed though

Mind not a bad idea to make this one my only one and drop the exposure...
 
Re: Ascending vs Descending - In Real Time

Yep, not CFD that margin is too big.

Without hijacking your thread consider this.

Speculative, but calculated, downside seems limited to me especially with SPC's recent 34 million share spending spree @ 19.2 cent average. Todd with large quantity @ 22 cents.

How i see it possibly playing out is.................get in before Oyong starts, 21.5 seems to have support to me and i doubt it will drop below 20 cents?
Then, sell on price rise following Oyong start up. Ride to top of trend.

Hopefully get out before US driving season demand dwindles in late August - Spetember, could compound pull back if oil drops in price? If this happens, however, i have also read that oil may remain high through till next year? Who knows????

Then wait patiently for around mid 2008, hope for an announcement that Maari is delayed, watch price fall then buy back at bottom of down trend. Then hold until Maari is fully operational and then sell out.

All hypothetical and a long shot but i see it playing out something like that. The money maker is being able to sell the top of the up trend after Oyong and then get back in before Maari kicks off. Hoping the punter lose interest and you can capitalise.

I'll leave it at that and make all other comments in the CUE thread.

Best of luck!!!
 
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