upzone
01 Dec 2016
Yourjack, that was probably why it slipped yesterday. USD 57 mln is not that much in the big picture. No idea if seizing Ferro would be remotely possible--I guess anyting is possible in Ukraine, but that seems like a stretch.
yourjack
30 Nov 2016
I heard today that Ukrainian central bank filed a lawsuit to recover USD 57 mln from FXPO`s owner. He controlled recently insolvent Finances and Credit bank. The court may oblige the state executive service to arrest his property, including FXPO. Have any ideas on this? Maybe this was the reason for today`s drop?
onedb1
29 Nov 2016
Re: Beautiful ! yup Am all prepared now for moves correlated to an OPEC cut or no cut . Will trade charts thereafter . Tomorrow morning will be interesting
penhome
29 Nov 2016
Re: Beautiful ! All is not lost.Try doing a horizontal count on a p&f chart.I might be wrong (probably am) but the p&f chart just looks like a coiled spring trying to burst out
onedb1
29 Nov 2016
Re: Beautiful ! Should have looked at it when it broke out of the channel at around 75p Guess I was lazy as I look at Lamprell too but just noted I had not refreshed the chart in ages.So totally missed that one . 10p at £500/1000 a p that had really good odds ! A missed 5/10k ! Skiing expenses lol That is why I reckon that if we can track a lot more setups we could do very well . What was important was to buy at that break out level , low risk trade and very good RR . That six week pattern ( channel ) you highlighted was a clear continuation one and very bullish . Damn ! lol I wish I took it at 75p .
penhome
29 Nov 2016
Re: Beautiful ! Also have a look at Lamprell's chart[link]
onedb1
29 Nov 2016
Re: Beautiful ! Yeah I didn't think of that . I am going to get some food then take a look. Could be very awesome and 160-165 target a strong possibility .
penhome
29 Nov 2016
Re: Beautiful ! re your EW analysisYour impulse wave 12345 followed by the corrective ABC could be waves 1 and 2 of the next higher order, which would mean that we are now in a larger wave 3.That would be good!
good77
29 Nov 2016
Re: FXPO Stream Log A few weeks ago FXPO decided to make another eurobonds issue. They don`t have enough profits for debt repayment. And as you said, production volumes decline. Strong sell, as for me.
Montevideo
29 Nov 2016
Re: Beautiful ! Thank you for your response and chart. I think that retest wil be coming sooner rather than later if OPEC agree to limit output and get the non-OPEC members on board. Though I think they really only agree a freeze at best by cutting output by half million barrels,, which is the same increase in output from September to November. I read an article about the 72% correlation between oil price and iron ore. Based on current oil price (USD45/ton) the iron ore price should be USD78/ton. Here is the link:[link] once again for your insights, I will carefully look over them and try and tone a strategy. - I am only a novice at this. Probably have to come back to. I do see an upside up to Xmas - not sure what happens after that and into the New Year - Chinese do not celebrate Xmas so they may carry on full steam ahead bit shares volumes will be lower of the festive break so that could cause a squeeze.Happy hunting!
onedb1
29 Nov 2016
Re: Beautiful ! Hey Montevideo Good question . I would have to look at a lower than 1 day chart resolution to answer that . In absence of specific patterns . I bought and sold at levels taken from my chart ( see link below) Today we had that buy on dip moment . The dip you wanted . Mark down Support and Resistance levels. and take note of previous Lows for support levels where you would go long intraday If support is touched and that is not broken that is your buy on dip moment . I trade a daily or weekly chart and the main trend line levels . Not so much day trading more momentum and swing trading . See my chart Your kind of question needs to understand the daily Support/ Resistance and pivot points . Also if you have what I charted as a 123456 Impluse wave or ABC corrective wave , those usually are quite great to understand how far a stock can retrace and then advance , as there are high probability fib levels . The chart so far worked super well for me . Wish it was always like this haha [link]
Montevideo
28 Nov 2016
Re: Buying and selling Thanks for your comments - I agree with you. Normally, I would usually buy and forget about them - like I did with Taylor Wimpey - but with the Brexit losses and and having more time on my hands than I ever anticipated I thought I would turn my hand to actively try to recuperate some of the losses. I also expected the shares to trade flat opening and closing but with a 2-3% discount in early morning trade. I have noted that 8:40 - 8:50 am and between 9:30 and 10
0 am tend to contain the buy signals. Nothing technical just an observation. I based my assessment on the share price movements of 21st (and 24th) October which had a a very similar pattern to 25th November Friday movements, which also led me to a buy/sell/buy strategy, which i implemented in part.
I am zely
28 Nov 2016
Buying and selling I have been buying back into this share since the low 30's. I have also been selling along the way. Now I have worked out that if I had just left myself with that one early purchase and left well alone, I would be a number of thousands richer than I am today, having not always bought in the troughs and sold at the peaks. Sometimes it was closer to the opposite.I fully expected today to finish lower on a trend from Friday. Luckily this time I didn't play the buy/sell/buy game.Good luck with that strategy. Z
Montevideo
28 Nov 2016
Re: Beautiful ! I have been following the posts on this board for a little while and congratulate your technical abilities and those of your fellow collaborators. Foolishly I did not follow my plan this morning and only managed to invest 60% of my funds around the 122-123p mark but then waited until the end of the day to see if they would fall back. I took out the insurance policy on the remainder and invested it at close. At least if it rises a I will have the benefit or if it falls tomorrow then I can get out with an acceptable loss based on the return on the 60% invested today.I have a question for you chaps: Where do you think the next intra-day resistance (and the knock-back) will fall on its way up to 160p? Do you think there could be more than one? I am trying to trade the troughs and peaks over a couple of days to better maximise the return.Thank you for your thoughts.
onedb1
28 Nov 2016
Beautiful ! Trading this so well am happy like a kid on Christmas day! Possibly the chart I understand the best or at least that is delivering the most . At 160 I will have the mother of all parties !
