GeorgeDobson
Long

To Long or Short, That is The Question

LSE:SPD   SPORTS DIRECT INTERNATIONAL PLC ORD 10P
Quite enjoying my time on Trading view. I keep a blog on my EU trades but this is a nice place to put my ideas regarding stocks ....

INTRO
I have some internal conflict regarding what to do, Monday I posted an idea to get short on the weekly SPD chart, this has not triggered yet... so do I wait for the longer term short or go for the shorter term long?. I 've ultimately decided to trade whichever triggers first. As in either case I will only enter once price has overwhelmed demand or vis versa in which case either trade is valid. In all honesty 0930GMT Wednesday morning will likely be pivotal to either trade taking off as this is when the BOE announces its interest rate votes.
ANALYSIS
Price has pulled back to the 650 demand level. The daily chart now looks good for a long off of this area (should demand overwhelm supply).
TRADE
Entry 665
Stop 646
Profit 700
Ideas Scripts Chart
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