onedb1
10 Nov 2016
Target achieved !! Nobody else on iii is this good I post entries , stops , profit targets , charts , when I lose and when I win .No waffle just trades and charts !!
onedb1
04 Oct 2016
Target upgrade to 200p That is Barclays rating today. Personally I see the gap closing so 203/205 is my first target. May well go,much higher given than liquidity seems back in the market. We have gold down and yen breaking the trend . This bodes negatively for equity bears Equities are moving up it would imply
Scooby Doo It
27 Sep 2016
Taking a breath ? Seems a big drop versus peers. ALD better positioned for lower interest rates. Significant volume this weekWhat am I missing?
oggs
22 Sep 2016
Re: Breaking out nicely ! It is still underperforming Shawbrook, pretty much daily (I hold both, sadly!)
A Mushroom Kept in the Dark
22 Sep 2016
Re: Breaking out nicely ! Quietly and gently does it for me too as I am in it for the long g
onedb1
22 Sep 2016
Breaking out nicely ! Good 2 day performance. In my opinion this is breaking out , Gap close over 200p on the cards. Let it move quietly and gently upwards and am happy with it . I have reloaded at 173p Could have stayed long on my original trade but always prefer to avoid FED related surprises. All went well for stocks and am happy to waste 2p to protect cash .
oggs
13 Sep 2016
Re: From a technical look It has underperformed peers such as Shawbrook significantly since the referendum
tini1977
12 Sep 2016
Re: From a technical look I agree, looking overbought at the moment. Waiting for low 160s/high 150s to get back in.
onedb1
12 Sep 2016
Re: From a technical look I just follow the support resistance levels , watch the pattern . I too was looking at the triangle then I adjust accordingly . If risk reward makes sense as does a well placed stop then I take the trade . Though I also get a boost in confidence by knowing the fundamentals and paying attention to the overall markets , as the bigger picture ie Ftse or S&P affects all companies . About 2/3 weeks ago I went ViX to use as a hedge on my portfolio . So much better than Ftse100 shorts . So that is how I do things , keeping it boring , simple and in an overall trending position. So I trade a break out it also is preferable if the market is not tanking . Rinse repeat the process , all very boring if I have to be honest yet of done well very lucrative
botmzup
12 Sep 2016
Tempted...but it would be an impulsive buy rather than following my rules. Sold these last week a (little bit early) but they looked overbought so took my profit. 13%The only pattern I was looking at was the ascending triangle with the flat top around 172p, it wasn`t perfect so I waited, and now this morning its gone below the rising leg of the pattern with daily stochastics crossing down and challenging the 80 level.Could bounce off the 2hr 50EMA but not willing to go against my rules so waiting to see where it closes today for a clue on direction.160p??
Callun
12 Sep 2016
Re: From a technical look onedb1,Well done! Looks to be a good call on your part with significant pullback (>8 at this time) helped by the whole market plunging today following Wall St on Friday.I'm definitely not a professional trader and steer clear of leveraged positions and am in awe of those brave enough to do so successfully.I agree with your earlier post that eventually that gap will be closed, so I will probably use this pull back to add to my position. Question is, how low will it go?Callun
onedb1
11 Sep 2016
Re: From a technical look Hi CallunI trade professionally . I bought on the breakout , added several units at different levels ( I never hold more than 4 units in one postion ) and all my trades are either spread bets or CFDs. I have only held ALD recently. So I took 1 unit off . (My buys are from the post Brexit high ) I usually buy new breaks and subsequent highs till am maxed . So I banked about 15 points . You are correct RSI can stay high for a long time yet I was hoping for a throwback post the 1hr chart triangle break out . Daily and hourly seemed toppy . I don't mind if that was an error . We shall see. I hold a long with 1 unit to add still available . I have no problem with adding if I have made a mistake . It's part of a daily routine to get quite a few timed badly , as long as the rationale ties with my strategy and I feel was correct then am ok. But thanks for your comment
Callun
10 Sep 2016
Re: From a technical look Hi onedb1,I agree with your approach as I use a similar one myself. A word of caution though. I have been caught out with a few shares recently, selling at overbought levels, only to find that there was no fall back, just a flat period, which by the nature of the RSI will bring it back from the overbought condition, therby failing to present the desired for lower buy back price (e.g. CBG). It may be a feature of the timing, post brexit, approach of St Ledger's day, post governnment return etc. I don't know.Now from a cautious trading point of view, and if you are selling at a profit, this may not matter, as there will be a buying opportunity at some point in the future, though maybe not lower than the present exit price.However, if, like me, you are a long term holder caught out by the 50% drop after the referendum, and holding at a loss, it would be undesireable to be out of the stock should it surge forward, and it has been doing that of late.Also no advice intended, just a different perspective.Good luck with your trading whatever you decide.Callun
onedb1
09 Sep 2016
From a technical look this is approaching over bought levels , from the 1 hour to the 1 day chart I'd like to take a bit of profits now to then get involved maybe 3 to 5p cheaper . Dow and S&P look like opening down too which may weigh in the pm trading in London Who knows I might be wrong but I sold a few banked a sweet profit and would like them back 5p cheaper . Would make me happy , otherwise I will let the rest move up and buy them back again till we reach 200-210 levels Ie pre Brexit values Just my view no advice intended . But RSI does have an impact on my decision making
onedb1
07 Sep 2016
Sooner or later this will Close the gap. And given that Morgan Stanley ( their decreased holding will have kept a lid on the rise ) is now sub 3% . There will be less selling resistance .
