Short signals---something different

[tech/a]

WBC closed out at break even & CBA for a 1r profit, both done this morning.

Should have stopped and reversed both trades, lol, the benefit of hindsight

Maybe not?

 

[nomore4s]

Maybe not?

Tech I was long, it was a very short term trade, trying to trade that small bounce, if I had been quicker to close out the trades yesterday I would have done ok.

That stop and reverse would have looked good today, lol.

 

[cordelia]

Tech I was long, it was a very short term trade, trying to trade that small bounce, if I had been quicker to close out the trades yesterday I would have done ok.

That stop and reverse would have looked good today, lol.

I am really inexperienced in short selling but I took a look at the charts of CBA. I would have gone short around $43 based on the closes off the high and the stochastic....I would be looking to take a long position now because of the close. This combined with the gap down on high volume suggests buying and the stochastic is moving into the oversold region....

Is this a fair assesment...

cheers

 

[Whiskers]

43 is a fair whack off the current price

There she goes (WPL).

 

[johnnyg]

Well with the shorting ban being lifted on Wednesday (non financial's only) might be a good time to bump the thread back up.

 

[johnnyg]

Well heres a possible short in the making.

WPL looks to of bounced of long term support ~ $35 4 times within the last 5 weeks or so. I think youd have to take in consideration the way oil is heading so while there may be a short term bounce id trade the trend which is down.

Comments?

 

[brty]

Hi,

Johnnyg

Well heres a possible short in the making.

Umm, let's see. It has gone down for 10days. It has reached a point where it bounced before on higher volume. (a couple of times) It is losing angle of momentum down.

This is an area that I could go long, with a close stoploss (always).

brty

 

[johnnyg]

Hi,

Johnnyg



Umm, let's see. It has gone down for 10days. It has reached a point where it bounced before on higher volume. (a couple of times) It is losing angle of momentum down.

This is an area that I could go long, with a close stoploss (always).

brty

Would of been a nice intra-day trade. Down 7% at one stage, with a 10% margin would of had a return of 70%. Dam having a day job lol.

 

[johnnyg]

Another one breaking medium term support. Picked this one up a little while ago from the Head and Shoulders thread. Might be one to keep an eye on.

 

[Whiskers]

Hi,

Johnnyg



Umm, let's see. It has gone down for 10days. It has reached a point where it bounced before on higher volume. (a couple of times) It is losing angle of momentum down.

This is an area that I could go long, with a close stoploss (always).

brty

...except that last little peak has a little 'Evening Star' on top of it... signing, de udder way.