POG - down 30%

Libero wrote:

remo wrote:
thats some discrepancies ....what charting package are you using???

That is because I'm using the cheapest most rubbish package out there... IG markets!

And yet, oddly enough it is "working" insofar's producing some decent trades.

I know that eventually I'll have to step up to Metastock or Updata et al, but I'm putting it off because I want to justify the outlay by using these marquee packages properly, and at the moment things are so hectic that there's simply not enough time.

Roll on Q4.

Hi libero
Igmarkets has a new charting software...metatrader 4. I think it's used for currency.
I've not used it but I know it's available for all clients of ig. I'm sure it's better than the crap there using currently.
You need to activate it from the settings screen.
As long as its working for you then great . I've used ig charts a long time ago and it cost me a lot of trades.
I'm sure they must have improved from the days when I was using them...
you can always try out the free 2 months offer of metastock pro .Thats more than enough time to tell if it's for you or not.

107 broken... if it stays above then this could go to 140ish...

This is also above the ichimuku cloud. So bullish....This should hopefully be the start of a new uptrend.


Id be looking to take profits around the 137 mark on first attempt

Remo

Quick question if I may, did you anticipate such a strong up move, 20% it didn't even pause for breath.

Thanks for the TA and heads up.

POG is at a very strong range of resistance between 120p to 146p.

Needs to break this for higher prices.

Please find the attached chart.

ta
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dl.dropboxusercontent.com/u/48916784/POG-19.08.2013-Daily.jpg

Moiz wrote: Remo

Quick question if I may, did you anticipate such a strong up move, 20% it didn't even pause for breath.

Thanks for the TA and heads up.

Hi moiz
Once 107 was breached it did not have much resistance above until 140ish. So the powerful move was no surprise .Also the fact that we have had a 123 low added to the signal.When a trend change happens it normally happens like this. That's the added benefit of charts.
I don't really get surprised by moves any more. Pog had a nice rally on the back of gold.If you look at all the gold miner I bet they all went up quickly. Rand gold has also moved high.