JD Group -High probability trade

[kwagga]

Target 47.70 - 10%. Stop loss close below R40 (-7%). Good fundamentals backing the move to R47 up. http://chartupload.com/viewer.php?file=29996669338081204485.jpg OMO.

[kwagga]

Little clearer chart of the break - http://chartupload.com/viewer.php?file=46515246137699724479.jpg

[#3]

I agree,also a positive divergence on my MACD Lower low/Higher low(could not see on your macd)

[Rams]

yes, divergence on stochastic also

[kwagga]

I missed the bus on this one today. I hate chasing shares and this one simply ran away today. Maybe it retraces sometime in the future.

[SimonPB]

10% profit vs. 7% loss is not a good trade .. take into account costs, spread and slippage and you have at best a 1:1 risk:reward ratio .. that far from a good trade ..

[kwagga]

I'm buying the underlying share, so slippage not really and issue and the odds of this one ever reaching that R40 mark is very limited in the near future. That's what makes it a high probability trade. I just love when fundamentals and technicals play in harmony. I tried getting into this one @42.50, and it closed up R44, and momentum will carry it even higher today. That R47 mark will be reached very soon.omo

[SimonPB]

geared or not same story ..

[kwagga]

If I was in the trade, I would have been in the money. That's really all that matters. The discipline and price makes it a good trade Simon, nothing else matters.

[Russ]

There are lots of buses.Make sure you jump on next time.

[SimonPB]

kwag .. disagree 100% that the only thing that matters is would you have made money ..

[#12]

NO NO Simon you cannot belly flop like that....u tell me that all that matters is that u had discipline and traded well...when I say all that matters (in the final analysis) is that you made money you say Im wrong?

[#13]

ah ok I C you saying the same thing i am apologies...

[Russ]

he he,depends where you put the punctuation.

[Rams]

i dont see you saying the same thing?

[kwagga]

Ja, ja Simon. I get your point. Let's not go there again. I'd hate to start the price and dicipline debate again and spoil the taste of my chili stir fry.

[kwagga]

That R47 target was missed by 1c yesterday, but all in all a good day to take profit. The target for all practical reasons was reached.

[kwagga]

Good time to take profit. Moving into overbought territory.