onedb1
22 May 2017
Re: Nice bounce off the 50sma Hi OOk Lots of potential setups around . As I only trade in one style I am happy to see quite a lot of potential around . Long may it last 
as we all know there are times of extreme boredom
ookyfly
22 May 2017
Re: Nice bounce off the 50sma onedb,Good to have you back and sparking on so many bb's.Ooky
onedb1
19 May 2017
Nice bounce off the 50sma Once again we should re target the mid 170s . Wondering if eventually we break through that . In theory the trend is showing that to me , hoping I continue my understanding of this chart . I added a long on that 50sma level
onedb1
17 May 2017
Good to see 195p at least from JP Morgan I think the interesting part will come at 178/179 ish . See if resistance sticks or buyers will beat the sellers at that point . A push from the $60s in iron ore upwards will be key as to go over 200p we'll need more iron ore bullishness . Am looking at the chart of iron ore at the moment to see what that could bring Great earner this has been , plus the double divi ! (special plus normal ) See chart here for my rising channel view . At least for now technicals are ok . 200sma on the up, 50sma on the up again , RSI pointing up ( not overbought too) Clear rising channel in my view too. A bullish iron ore sends us over 200p for sure . A good Wave V target will be 200p or 240p . See my original chart will all my ramblings and the rising channel I mention and 50 and 200sma I have been accurate all along so feel quite happy . Commodity and interest rate related stocks (mostly banks and real estate ) are always my favourite to trade for technicals [link]
ookyfly
17 May 2017
Re: I have about 136ish as support Welcome back, onedb. You were missed!! Ooky
onedb1
16 May 2017
Re: I have about 136ish as support Cheers Ook I was away , Italy , went to some nice resorts like Portofino then the Maranello Ferrari factory and Milan for the shopping district and again for the food , loads of Spritzs ! Insane tradition they have. . Very indulgent . I often want to go live there . Supermarkets have super food , people are dressed nice , weekends offer loads to do . If I can run something from there , I will get a second home there. Food and drink culture is insanely awesome. FXPO to hopefully re target the late 170s ! test resistance again . Lets see. Fundamentals should be good and chart shows good support. Recent higher lows and recapture of the 50 day moving average was very positive . So hopefully am correctly seeing a rising channel
ookyfly
12 May 2017
Re: I have about 136ish as support onedb,Where and how are you? No posts on any bb since 2 May: that's very unusual.I hope you are on holiday or taking a break. I do value your posts - even when they are a touch ocd!Ooky
ookyfly
25 Apr 2017
Re: I have about 136ish as support Very best luck for Thursday's exam, onedb, though I'm sure you don't need it (it's very clear from your posts what a driven and methodical character you are.) Just treat it as a request to show your competence. And remember: 'too many notes, Mr Mozart'!
onedb1
24 Apr 2017
Re: I have about 136ish as support Hi Ook That 136/ 137 support was spot on ! Happy with the trade. I am just under stress like a kid as I have an exam on Thursday , MTA exams .( Market Technician exam. ) So have not paid attention to many charts lately . But yep am still long FXPO on the trade i did and May is the month for PMO once the shackles of the convertible bond hedging can start to be released. The intention will be to see the stock pushed up bar any oil super decline . PMO is currently on a chart support level in my view of a small congestion area. About 60 to 70 is the height. I'd expect this are to break in May . Once am over with studying I can focus again on TA . I am working at last on my website too. So that will help visualising my work
ookyfly
20 Apr 2017
Re: I have about 136ish as support Very helpful,post. Many thanks onedb. Ooky
onedb1
20 Apr 2017
Re: I have about 136ish as support Hi Ook Pmo is a wait till May situation as the convertible hedge strategy will hold the stock in a trading range till then so about 60 to 74 . I spoke to a few corporate bond traders and they will make a move then they think . It's all good operations and oil price wise but share is forced at the range by the hedging strategies unless there is a big event like a takeover. Nothing company specific as that appears to be doing well. Just what I hear no advice intended as always
ookyfly
19 Apr 2017
Re: I have about 136ish as support Onedb,Many thanks. No idea what you are talking about, but I kept my nerve.Fortunately, SDX has proved a real gem and several of my oversold AIM shares (RCN, TEF and EPWN) are doing well.The continuing non-resolution of the PMO debt issue is becoming annoying.Cheers,Ooky
onedb1
19 Apr 2017
Re: I have about 136ish as support Ook , Seems to have worked well . Look at that Bullish Harami forming , at least for tomorrow if the opening is positive that should be the direction of the day trade. (usually candle stick rules/percentages to confirm) But see candle pattern below , that is a CLASSIC We saw that on the last lows at 137ish (9th and 10th of March ) and that triggered a nice trade to 170s Food for thought for those who think history does repeat itself
ookyfly
19 Apr 2017
Re: I have about 136ish as support Isn't the Chinese economy now growing strongly? Good for ore prices?
onedb1
18 Apr 2017
Re: I have about 136ish as support Not good I agree. I was stopped on the break out so ok, but will buy back and may see this support bounce ( i target an area of 136-138) as being support. But will enter on momentum too. I am just waiting for iron ore and FXPO to find support and end the long downfall. Essentially I think its all down to iron ore prices down to the mid $60s . A massive u turn from the the $90s . I think the low of 137.2 was near spot on with my target , I am annoyed for not shorting the obvious ascending triangle. I am often too chicken to go short as on shorts my stop losses are 100% hard stops ! No messing about with lack of discipline on shorts. Must be said that the 200sma is still rising so whilst the throwback has been severe the trend is not reversed . Took a beating
