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LXS - Lanxess
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LXS - Lanxess

  #1 (permalink)
Trading Apprentice
antwerp belgium
 
Futures Experience: Intermediate
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Posts: 9 since Jan 2013
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LXS - Lanxess

When I was scanning the charts I saw this nice topping tail on Lanxess (LXS) I am looking for a retrace tomorrow at 67.00€. The stop on this play will be a close above 68.46€.

On the downside my first target will be 65.00€ and 63.40€.
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  #2 (permalink)
Quick Summary
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Last edited by Big Mike; February 18th, 2013 at 09:14 PM.
 
  #3 (permalink)
Elite Member
las vegas
 
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I dunno, maybe looks kinda bullish to me, Pushed strong through the tl and the two gaps in the middle of the range there.

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  #4 (permalink)
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It hurts to be so good sometimes

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  #5 (permalink)
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vegasfoster View Post
It hurts to be so good sometimes

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How many Euros did you make?

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  #6 (permalink)
Trading Apprentice
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mongoose View Post
How many Euros did you make?



its still in play for me

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  #7 (permalink)
Elite Member
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mongoose View Post
How many Euros did you make?

I don't do it for the money silly, just the warm fuzzy feeling I get helping my fellow members. Not 100% sure what it will do now. Hit major psych level and close to daily utl at 70 and line forming at 69.25. If it gets over 69.25 again then it should retest and likely break 70. Intraday support around 68.50. So, if I were long I would hold, if flat then I would not get long or short just yet. I would not be short, but if I had gotten short and was beat up good, then stop at 69.35, if not beat up too much then stop above 70 and hope for retest of 68.50 and take losses there. May get lucky with a fat breakdown at 68.50, but IMO that's a long shot. All thine who hath beith short, repeat after me "Dear Jesus..." These are the lines I would pay attention to,

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  #8 (permalink)
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Took 1.20€ on LXS

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