XAO 0.56% 8,612.6 all ordinaries

Hi @Dazed&confused  I note the reply from @48&34 also - I'm a...

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    Hi @Dazed&confused  I note the reply from @48&34 also - I'm a very short term trader and I always use a chart based system, sometimes it's as simple as selling above the last high or close or a much better preferred system of "beating" the last breakdown bar. If I've beaten one resistance level then I tend to put an offer in one pip below the next resistance.

    It's surprising how many times I get the daily high and usually don't give much away, although that has happened. Whatever you use try not to change it ---- I'm seriously guilty of this on Friday, I had a trailing  sell on JAT at at 91 to be triggered if it fell one pip, which it did. but I cancelled the sell and have held over the weekend. If I get away with this one then it's worked. If I don't then a lesson will be learnt.

    For longer term holds I do use resistance/support levels but also go back to more traditional ways such as the RSI and regression indicators in conjunction with VSA.
 
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Last
8,612.6
Change
-48.600(0.56%)
Mkt cap ! n/a
Open High Low
8,661.2 8,682.0 8,606.8
XAO (ASX) Chart
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