II Editor
01 Nov 2016
NEW ARTICLE: The 10 cheapest UK 'value' shares being overlooked "Those who adopt a "glass half-empty" attitude may have viewed the @GB:UKX:FTSE 100's record high earlier this month as more of a warning sign than a cause for celebration.There are, however, good reasons why private investors are more inclined to ..."[link]
onedb1
31 Oct 2016
Very bearish here ! Sorry to say so Looks like the sell was timed to perfection and charts worked perfectly here . At the moment am bearish and it could be quite a move down still Sorry chaps. Its just my view and am not Buffet so that is the good news lol
onedb1
28 Oct 2016
Re: Placing at 110p I can't believe how well the broadening pattern worked here . The correction was well over my prediction mostly due to the placement. Should have not just closed yesterday but initiated a short straight after trusting my work . So I feel very happy with the longs and the close less so for not shorting as that would have been class !! Pure class . Am still learning how to trust my work and not let these trades be just half successful
steveboywonder
28 Oct 2016
Re: Placing at 110p Stopped out this morning at 112. Overall v pleased given the run from 48, will continue to monitor FXPO to see if it's worth another go in future but for now it's time to find the next one!Good luck allS
onedb1
28 Oct 2016
Placing at 110p Corrected much faster than I thought . Not a bad placement given the improving fundamentals and price . Once we get a base I may buy in again .
onedb1
28 Oct 2016
My chart as I have been seeing things So this is not a guarantee but just my view and not meant as advice or my charting ability to be good or my indicator usage good . Just my view . which luckily has worked well, but could have been random and just luck . So lots to explain but I hope its straight forward from the chart . I see a correction coming and first target of a 3 or 5 wave pattern is around 117-120. I reckon it will be 3 So tomorrow if am wrong we'll see that straight away . Note the time taken to reach that target is not necessarily 1 day . Once the correction is over ie at least a wave C , that is when I will probably go long again if the RR is clear once again . Enjoy and if there any questions am happy to help or share my opinion as its just that - ,my interpretation could be all wrong . [link]
Bitbuybit
27 Oct 2016
Re: Just my opinions on Hi,I for one am very interested in your charts. Certainly didn't expect an out of hours RNS and for once I got lucky. After being in and out of this share several times on the way up, I bought in at end of day on Wednesday as I saw it finishing on a day high. I bought 50,000 for 120.5 roughly and think my trade was the highest price paid. pure luck I sold today at 129.55. That means I'm all in cash and may wait for a correction. In my opinion if someone wants to sell that many shares (institutional investors picking them up not withstanding) - it's going to have a negative effect.Clearly now is the time to sell non?Just my thoughts but appreciate your technical insight,Matt
onedb1
27 Oct 2016
Just my opinion Just my opinion but I reckon that we may see a correction tomorrow and for a few days. IF am right we hit the upper trend line of a broadening formation , within that i have seen the Impulse pattern of a classic 1 2 3 4 5 , ending oday at 130, i had hoped it would go higher in this phase ( I sold at 128.5 at just past 13.08 ) that was hit . So if the chart pattern was well spotted on the up, my forecast for now is that we may see the Corrective phase ABC . Am not a EW trader but have experience in that and that is just my opinion When markets closed we had the RNS too of the equity issuance . May explain that large buy of 7m in the 100/110 levels. I will sum this stuff up on a chart for all to see, and my view of support and target. That is if tomorrow the share opens lower . I think though that wave 5 was complete .I could be completely wrong but lets see . I will post chart for those who like TA later this evening
tasagil
27 Oct 2016
Proposed Placing [link]
steveboywonder
27 Oct 2016
Re: Steve thanks for taking the time to respond Onedb1. I'd say I'd identify most closely with trend trading. My hold periods tend to be months, sometimes weeks, seldom days and occasionally years (more generally for funds than shares). I do like in general to keep it quite simple and mostly focus on moving averages and volume. With such a terrific rise for FXPO I'll probably swap to a slightly shorter time horizon moving average and move my stop to just under that. All the bestSteve
ookyfly
27 Oct 2016
Re: Enjoyed this as it hit my target zone Many thanks, onedb, for drawing my attention to Ferrexpo. I came to the party late but am stiil up by well over 20%.
onedb1
27 Oct 2016
Enjoyed this as it hit my target zone so well ! Anything more is a massive bonus . Profit protected and locked . oohh la la la lets go dancing ! ( yup am a great fan of the old school Kool and the Gang hahahah)
onedb1
27 Oct 2016
Rise / dip . Rise then dip Nicely so till it will reach the previous 135-140 area and possibly 160 . Area of previous congestion. Not a bad rise . Add to that the very favourable exchange rate . It was no secret that some institutional buying was going on the other day , 7m buy if i recall well. Plus I spotted quite a few NT trades in good block sizes . The level of buying is showing no stopping for now . I like it
onedb1
26 Oct 2016
30k negotiated trade at 114.625 Could not but notice that we get the odd big trade on the bid . Like pro trader buying and some retail trader selling , My money is with the pro . Follow the pro , they have the bigger wallet. The other day with had that huge 7m trade tooMy first technical target is 140p , there after we'll see.
onedb1
26 Oct 2016
Re: Steve Hi Steve I read your post and wondered whether what I could respond as on a post and not knowing your trading background its a bit hard to share my opinion But the following may or may not be useful pointers for you . the way I trade for a living so hopefully my view is helpful . For starters your stop losses need to match your strategy. that I mean if you are a Swing Trader you will look at retracements levels . You'll want to know swing low and swing highs In general no matter what strategy its also important to know support and resistance and look at the candle stick pattern . If you are looking at trend trading you'll want to look at moving averages A pattern trader will also look at tramlines , sloping , horizontal , and the breakout points . Double tops , triangles , H&S have all simple stop loss positioning . For momentum you will be focusing on your preferred oscillator and fast moving averages . On my last FXPO trading I was trailing the 10sma on the hourly because I spotted that on the up it acted as support . When a trend is steep I actually fair well with stop losses That is my quick and simple answer without going into detail. I equally like to spot if am in a EW pattern, as spotting the end of a corrective sub wave is good news and essentially a good place to put a stop A tool that is used more professional is also Market Profile, you get a visual of volume traded by price and that is helpful to spot demand and supply zones. For most retail traders candle reading can get close to that . Long upper wicks are selling zones for example . So resistance areas. Good to mark on the chart in my view and vice versa. Those are stop areas , All in my view and no advice intended just a share of my experience .
