Barc

Hi jackozy
For me there are a few possibility with barc. This is in a trading range from 250-312 and im planning on going long at 250 area on a first attempt basis.

This area is important as a break of this area and it gives a sell signal and the head and shoulders comes into play. So my long entry at 250 will have a tight stop attached to this. If 250 does break then this will find support at 234 which is strong support.This level goes back a long way,as far back as 2008


1. So keep an eye out for the head and shoulders formation.
2. Keep an eye out for the trading range


for me sideways shares should be avoided unless the price comes to a significant level(bottom of range or top of range). any where else has to much risk attached.

Your chart looks to have errors in so id be extra careful. Obviously it would be nice if someone with updata could verify. Just look at where jackozy chart has a breakout of the head and shoulder formation.
hope my chart is clear

Thanks for that remo. Much appreciated.

You say that my chart contains some errors, well, comparing it to yours, it's not even close. It's waaaaay out. That's rather worrying.

FYI, this chart came from the PRT package from IGMarkets - the ones that you pay £30 per month for and get refunded if you place more that 4 trades in that month.

That's very dodgy (IMHO) to be providing erroneous charts for people to trade from. This is exactly why I moved away from cheapo charts in the first place.

Jackozy,

I use PRT where I pay a fee for the software and data. Also use (well, have compared this to) the IG PRT software and data that is refunded at £30/month and the two are very different. The free IG is poor at best in comparison to the paid for version. The paid version is not perfect, it still has the odd errors here and there, but in the main part the data is far more closely matched to the levels I see from Remo.

Hi harumpf,

My chart was from the paid for version of PRT through IG...it's miles out!

hi jackozy
check your settings on your chart.
It seems too far apart . There maybe some setting issue.

There was a rights issue a week or so back. Some charts reflect this by adjusting historical SP, others don't. Not sure what the correct procedure is.