Bear flag

[sponono]

Took a short at 6998 (resistance of bear flag). Stop loss R71

[gareth01]

Like that call very much, also went short R69.72.

[gareth01]

Like that call very much, also went short R69.72.

[Preston]

Well defined trade, I like it. Good luck sponono

[#5]

What is your trade period?

[Preston]

spo,You are still hanging in?

[gareth01]

hanging in, but just barely! Stop loss activation glooming....

[sponono]

stop loss is R71

[sponono]

stopped out at R71

[#10]

short at 71.48,stop 74,target 62,pay your money and take your chances

[sponono]

my own view is that now that the bear flag has broken on the up side chances are the stock will hit an all time high and probably rise as high as R100. you should be aiming to buy at the bear flag break out of R71 and not shorting, IMO.

[Rams]

yesterday, WHL gave a long signal, with stop at 6464

[sponono]

Explain

[Rams]

Simons 7/21...close above prev days close(6850), like the signal Simon got on the ALSI

[#15]

Is 7/21 a MA? and on which charts? daily or hourly?

[Rams]

yes EMA, daily chart

[Preston]

What candlestick pattern did you see?

[gareth01]

Damn it....executed the short to early and got stopped out! Time to short now?? If it can break below R70.20, I think that woudl be the signal?

[Rams]

if you get a signal to short then you must short...

[sponono]

i believe it has come back to re-test the R71 level http://tinypic.com/view.php?pic=2gx396w&s=6