Glenxtrata

Anyone liking this?



(Obviously I'm biased since I'm long, but thought I'd get your feedback folks!)

Totally frazzled by this pattern...

Is this a tweezer top/bottom?

Long upper shadow perhaps? Or part of a "Upside Gap Two Crows" in the making?

http://www.4-traders.com/GLENCORE-XSTRATA-PLC-8017494/technical_analysis-full/&plein=1

Don't know what to make of it.

Can't see any definition anywhere so any help is appreciated!

That's it, I'm putting myself out of my misery and signing up to the 2 month trial to get some proper charts. IG markets painted the lastest daily candle green, whilst every other chart out there sees it as a red.

madness!

Not a Tweezer Top - as its made of 2 CS
Not a Upside Gap Two Crows - as its made of 3 CS
End of Uptrend - No
Trendline Break - No
Time to Sell - No

redchilly wrote: Not a Tweezer Top - as its made of 2 CS
Not a Upside Gap Two Crows - as its made of 3 CS
End of Uptrend - No
Trendline Break - No
Time to Sell - No

Cheers for that R/C!

I think the "free charting" rubbish out there is causing me a bit of grief! Different providers offering not only different data, affecting trend line set ups and MAs, but the candle shapes are inconsistant, and critically the colour (Buy/Sell) is different.

Anyway, thanks again, and onwards and upwards eh?

Libero wrote: Totally frazzled by this pattern...

That's it, I'm putting myself out of my misery and signing up to the 2 month trial to get some proper charts. IG markets painted the lastest daily candle green, whilst every other chart out there sees it as a red.

madness!

Just curious but whats wrong with a green candle as the price has gone up????? The only time a candle should be red is if it went down.
im confused

remo wrote:
Just curious but whats wrong with a green candle as the price has gone up????? The only time a candle should be red is if it went down.
im confused

Hi Remo,

Well, that's the thing that was also confusing me. Some charts like 4-traders, digital-look, and google finance (blue/white), went with the "Red" candle on an up day.

IG correctly went with a green candle, but from previous discussions on here, we've seen that their candle patterns are a big problem, so I had little confidence in their package.

It is a miracle I've not been wiped out right?

It is time to get onto the heavyweight packages that you recommended (Que the 'tooling up' scene from the film 'Commando'), I only kept delaying it because I didn't have the time to really dig deep into it, but I can see now, that even for basic charting it will wipe the floor with the freebies out there.

Whilst I'm at it, I think as I test MetaStock, I'll get that Plus500 demo account too, rather than take out any further real trades. I'm over-exposed as it is!