anz charting analysis, page-5

Sarala
Thank you for your kind comments, i share my knowledge so we can all achieve just like i learn from my mentors

Now if you are days old in trading i will keep it nice and simple for you and say
Protect your entry with a trailing stop loss - i like to trail with 1 times the average daily trading range
So my last entry at 2050 is now protected with my stops on that trade at 2235.

I will post a chart for you in the coming days, but im currently in trades with ANZ using time and price set ups which has worked fantastically so far. When you identify what you think to be a turn date you then focus on using intra day trading and entering as close to your longer term stop as possible as this gives you much better risk ratio and its usually under 1.5%
Good example of time and price recently was PNA ( little speccy )took 75 days to run up and then broke out 150 days later, and also come monday watch Yahoo on Nasdaq. No one told the chart microsoft was going to pull there bid out but is just so happens right on a time date ( crazy but heh it happens )