Hi Jongo. As always I find your trades interesting. Yep "even mower" would thing that FMG looks a long!!:-) It is approaching a gap fill at around 5.21 to 5 26. That is a good thing. I am not a big one on the "gap fill". The thing about FMG is that there are so many external factors that affect the sp. China demand being a big one. It can be unpredictable as a result.
That quote from the book r.e. develop parameters, and discipline. That is the key.
The global market??? My impression is down. The DOW is the only one trading above EMA30! DAX and FTSE look as though they are trying to go up but are one step up and one step down for me. I would like to say long BUT no convincing sign yet. No clear break of EMA10. The Ukraine shadow perhaps. The energy/gas consequence of this situation is large. This seems to be getting little press. The political saber rattle is dominating. A big % of the gas supply of Europe come from Russia through crimea/Ukraine. GK you might accept the challenge of research the details of this. My memory of the details are slim. Perhaps because Europe is coming out of winter, less demand for gas heating, the urgency is not there. Yes wrong forum but we all read both!! mower
