Lloyds Trading the Chart Thread

tv175, it is a mine field and that is why I try and just focus on a few indicators and try and keep it simple. Then occasionally I see something in the chart that jogs my memory from reading and I highlight it to see what the consensus may be.

Next time there is a gap - I will read the proposed strategy and consider perhaps implementing it, taking into account the state of my baseline indicators I use as the guiding rule. eg. in the recent gap had the share been showing a near overbought RSI, turning MACD I probably would chose not to act. As it was the RSI leaped from around 50 on the day and the price moved from roughly middle of the BB - perhaps giving some support to the breakaway gap. Additionally the MACD was showing little sign of reversal. All giving greater confidence to trading - just MHO of course.

wishing you and all posters on this thread a prosperous new year

be lucky and trade on the right side of probability :-)
Chrisjg