BHP Billiton - BLT

Short on this as its at the top of it channel atm...and i think th eftse is at the top of its range as well.

Stop @ 785p for now....target the trendline at around 700p

ATB,
Trendfriend.

You may have been stopped out, but i've just gone short.

Lots of resistance around 800, Stop at 835.

Well it didn't work!

Onto the next!

Longterm,

The main down trendline is around £10...i will try to post a chart later. i think this heading to that t/line
I'm going to short this again at that level, as its the best to place to trade this in terms of r/r...
imho, wdik

Trendfriend.

this looks to be the place to short this, firts attempt only @ 1027p.
stops depends on your position size, small position keep 15/20p above the trendline, larger positions keep it tight 10p, to keep the r/r worthwhile imho...

If it breaks above it could be heading upto the 200 day ema @ crica 1500p.
So i'm going to go long, on a break above and retest and hold of the trendline.

As always just my opinion and dyor...
Trendfriend