PDCE – NASDAQ

17/01/14 – Although other indicators remain in the green, the PTI has dropped below 36.  From past experience and data from previous trades, this is now a LOW probability trade and therefore will be removed from my Watch List.  Sometimes you just have to walk away from a trade rather than trying to make it fit!  As Below

PDCE#4

13/01/14 – This trade is setting up well and when the Stochastic crosses over in the Over Sold Zone, there will be 8/9 indicators in the green.  This week (bar) is critical, in that the 0.618 Fib line and the TJ’s Ellipse need to hold along with the Stochastic crossing.  If these things happen then I would look to enter the trade conservatively and place a BUY order @ 5481, which is above the highs of the last few bars (weeks),  just above the Fib 0.382 line and out of the Trend Channel.  Stop Loss @ 4649 and the take profit limit @ 8500.  Once the Stochastic crosses (this week) I will put my BUY order in on a JUN14 Spread Bet contract, using the figures previously mentioned.  As Below

PDCE#3 PDCE#1 PDCE#2osc

paul.bratby@hotmail.com'

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