Thanks for reply Kerosam
RE: MMX - yes, I agree you can't really say whether the BM is reliable or not with such a small number of BM 'spikes' ... the BM on the 5/2 is a blip (which I ignore) - I only look for a serious of 'bites' and I like them to be quite big. Couldn't see the support at 3.52? Could you post a pic?
RE: COK - looks good (won't go there with the tempting jokes that arise here). Great history (responsive), nice clear BM index (not much other BM - just a few neat chunks) and a nice symmetrical triangle in an uptrend that is possibly about to break the upper trendline of the triangle.
The only thing I don't like is the liquidity, but for the sake of the excercise I like it and would trade it with SL at 0.50 (using the recent pivot low), entry at 0.635 and target jsut under 1.00 (near the high). The risk:reward for this trade is 1:2.6
cheers
Louise
RE: MMX - yes, I agree you can't really say whether the BM is reliable or not with such a small number of BM 'spikes' ... the BM on the 5/2 is a blip (which I ignore) - I only look for a serious of 'bites' and I like them to be quite big. Couldn't see the support at 3.52? Could you post a pic?
RE: COK - looks good (won't go there with the tempting jokes that arise here). Great history (responsive), nice clear BM index (not much other BM - just a few neat chunks) and a nice symmetrical triangle in an uptrend that is possibly about to break the upper trendline of the triangle.
The only thing I don't like is the liquidity, but for the sake of the excercise I like it and would trade it with SL at 0.50 (using the recent pivot low), entry at 0.635 and target jsut under 1.00 (near the high). The risk:reward for this trade is 1:2.6
cheers
Louise