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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Thursday, 29 March 2012

looks like we nailed BARC yesterday....down 4% today !


Posted by at

5 comments:

  1. Anonymous29 March 2012 at 18:19

    I see you're still trying to play "Pick The Top" - - - That's a very bad habit. :)

    ReplyDelete
  2. Chartrambler29 March 2012 at 18:38

    No Wags...with Gann you have a "set-up" based on cycles,then,if Price confirms,as it did today it triggers the trade.S/L above the high,so Risk/Reward is quantfiable.With a triple top at resistance there is a good chance of a fast move down.Gann is good because it brings time into the equation.

    ReplyDelete
  3. pebblewriter29 March 2012 at 18:46

    Couldn't agree more. Nice catch and beauty trade!

    ReplyDelete
  4. Anonymous29 March 2012 at 19:12

    Understood.
    I know that you use Gann.

    I just couldn't help but say something about "Top Picking" hence the :)
    Nice catch!

    ReplyDelete
  5. Chartrambler29 March 2012 at 19:22

    Thanks guys ! I didnt trade it but have been short Ftse,Ftse250 and Vedanta.

    ReplyDelete

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