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Barney :


The STOP for  a  Rising Triangle is ussually calculated by measuring the  "Base to the Top  Line of the Tri " this gives the Target Price .


In LHG's case 2.61 to 2.81 = .20 = Target Price 2.81 + .20 = 3.01.


From any point along the Bottom Trend Line of the Triangle project down that .20 and place a parallel trend line -- that line is the STOP --- UNTILL the Target Price is reached -- in this case being a Stirrup Trade , if it pans out , and the target is exceeded then a riseing C/B STOP would take over.


Was about to to close the position today , as it became obviouse that the close would be around 2.78 (today's stop ) getting  to risky; When I recieved a E-Mail Alert from Steve Saville , a Gold Analyst I hold in great respect -- that basically the down side risk to POG was far less than the up side potential , for the MOMENT --- so I'm still in there



Will be posting a interesting situation concerning OXR and patterns (current )-- had some  feed back from HotCopper & IC forums on this . --- never seen this situation before in a stock .



Cheers


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