ISA : Inmarsat

This is bang on the main up trend line..Im long on the first attempt basis trade. My stop is 10 points so small risk.
From the interesting chart section

Ive closed my trade on this as its broken through and was not really happy with this trade due to the RSI. So small loss.



If you look at the RSI you can see that it broke the trend line early. For the price to have a good chance of bouncing of the trend line its best if the RSI bounces of its trend line.


Heres an example of what im on about



from this chart you can see how the RSI actually bounced of the trend line early. So this gives the trade to go long a better chance.

The above is a good example of what to look for when trading the first attempt trade of a trend line.

screencast.com/t/moQIjUCoTx

I have a confusing picture of that rising trendline. Really wasn't sure where to place it. IT finance charts. Do you have a weekly chart Remo so I can compare (with your own trendline drawn in).

screencast.com/t/7ZrrxQTM7

I also never had a clear trendline on the RSI (daily chart above).

Hi shotry
looking at your chart i can see some errors with the long tails. Im sure IT finance charts are wrong.
it would be good if some one else could also verify it with updata.

Shotry wrote: screencast.com/t/7ZrrxQTM7

I also never had a clear trendline on the RSI (daily chart above).

hi shotry ...if the charts have errors on them then your RSI readings will also have errors.
I can see from your chart that some of the candles are clearly wrong.
If your trading via charts then its best to use reliable source.
Why dont you try the free 2 months offer from metastock then cancel it after if your not happy or if its not for you??? Thats 60 days of professional level charting free...