daytrades june 23 afternoon, page-12

  1. 179 Posts.
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    Thanks Highlandlad for all your daily reports and input to this thread. Much Appreciated.

    PXS:
    Can anyone post some pointers on how they would trade PXS today. By this I mean what indicators would you set on the chart so as to have a better idea as to when to get in and when to get out of it for an intraday trade. I am using commsec iress and have the chart set on:
    intra 1 min (1D)
    Period 20, Deviation 2 for the Bollinger bands
    8 period moving average
    Basic idea - buy when price gets close to or touches the lower B-band and goes above MA. This is totally an uneducated guess, so some guidance here would be greatly appreciated.
    If no time to reply during trade, a more detailed reply would be appreciated after hours. The chart pattern of PXS today is a classic trade from which to learn from.
 
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