onedb1
15 Dec 2016
Also to note the FTSE 250 entry ! Come the 19th of Dec, FXPO is comfortably in the FTSE 250 At the moment my spreadsheet ranks it at around 295 - 300 so comfortably in the FTSE with about 45-55 companies behind it . FTSE 100 top 100 companies FTSE 250 Companies 100 to 350 . FXPO is about 295-300 The rebalance will force trackers to add it to their funds and hence we'll see artificial buying in my opinion which should push FXPO easily to my intermediate target. Many are seeing 200p plus here . With Iron Ore so high there is lots of room here . Though and extreme value in the mid 200s would have me out . At least for now . Happy Days to continue
onedb1
15 Dec 2016
Here goes the FXPO chart ( as I see it and does not constitute advice just my opinion ) So far its been brilliant to forecast all moves as the chart has worked perfectly since the 70ps for me . Entry and exits all marketed really well Next journey of this leg should if all keeps on going the way it has to 165-170 zone . It doesn't have to stop there but wave 5 is not the longest of waves so the super cycle wave ( III ) should complete around there. I suspect Wave IV will follow the usual 0.382 retrace then we get the last leg to super wave ( V) . I didn't do the projection but am guessing it will take FXPO to the 200p level plus . A beauty these trades and chart . Well over 140 points gained on various trades here. See chart and in my modest opinion this is a hold and stay long . [link] queries , criticisms , fire away, or just any general comment etc. From the 70s those who followed the evolution of this chart and traded the swings have been surely making a killing , buying new sports cars, holiday homes etc lol ! Please send Dom Perignon to : Onedb1 Charity, Home of TA , Trading Town .hahaha bit of humour . Iron Ore prices have held well around the $80s so that is perfect boom times for FXPO All the best and good preparation for tomorrow .
onedb1
14 Dec 2016
Re: Looking good for a buy on the dip Sorry Ook I was out most of the day yesterday The trend line was from the 9th of Nov to the 5th of Dec and yesterday at about 135 it hit it PERFECTLY I have lots of charts to update today but will post FXPO here later. As a rule of thumb I look at Support or resistance based on the following - Trend line . Prefer if horizontal and with 3 touches - Fib retraces from all time high low. Yearly , and recent swing - Support or Resistance from an obvious congestion zone . Buying and selling areas are easily spotted either with Market Profile or by looking at wicks above and below candles- Moving averages . 50 or 200 on the daily and similar on a weekly . ( 10 or 20 I used for trailing stops as my strategy is basic breakout with momentum and then hope for the trend to kick in ) hence on strong rises the input is 10 day moving average or 2 ATR as the trailing stop . Plot all the above and you can get a good understanding of a few good levels that are quite basic yet always seem to be relevant - at least from my experience . I would add volatility . Look at the average true range for moves that are over twice the daily average as many will see that as too big a move and sell. Yesterday we had a nearly 15p move which is just under a 2 * ATR(14) ( average true range of the last 14 days ) currently at 9.6ish yesterday at 9.3 . So we needed a move of over 18p to really have me worried and hit my trailing stop . ( 2 * 9.3p was the limit ) Hope the above is helpful not just for here but for every trade . For now my target is unchanged and need 154 to be broken and form the higher high to more or less add to my conviction , may even add at that level . I didn't track the wave ( V) target but it should comfortably take FXPO above £2 . Cheers onedb1
roverbill
14 Dec 2016
Re: Looking good for a buy on the dip What dip
ookyfly
13 Dec 2016
Re: Looking good for a buy on the dip How much of a dip? What would be a good sp at which to buy?
onedb1
13 Dec 2016
Looking good for a buy on the dip Next leg should deliver the 155-160s levels I hope my TA is correct about . So far the track record on this chart has been really good, hope to continue it Buy the dip is just my view no advice intended Also iron ore prices are at super highs so I can't wait for results update soon
penhome
08 Dec 2016
Re: The share that has no bb posters I think we are in wave (3) of your super wave (III)I did exactly the same as you with KAZ. Watched and watched from about 180 and never bought. The brokers still have target prices of 275 and below.FXPO gave me another buy signal on 5th December by closing above its two previous highs but was too preoccupied with AMC. Might buy some more if it pulls back a bit towards 144.Pen
onedb1
08 Dec 2016
The share that has no bb posters yet the best charted one and best explained probably I have shown in ages ! Biggest profits of the year and doubt it will be beaten .All the way from the lows to todays' 150s ! and more to come . Link to my chart if interested ( should be give a look given the very accurate journey to today's levels ) All the best [link] my (iii) third wave conservative target is 165-170 could be a lot higher as it could be 1.618 or or more of the wave (i) distance,( i just plotted the 1.618) . So wave (V) is much higher too and a really fascinating one target wise . The regret I have this year is not following the same rally on Kaz ! Am very angry with myself on that as I had tracked it all the way and did nothing sadly . in 2017 i need to be a meaner machine and take no prisoners lol
onedb1
06 Dec 2016
Iron ore close to 2 year highs article here of interest for those in FXPO [link]
JuliaJu
04 Dec 2016
All these recent developments with FXPO make me feel that we are standing on the verge of new shocks. In late October the largest minoritary sells all his shares. At the beginning of November majority stakeholder leaves the company`s supervisory board. After that the company decides to make another bond offering. This month the paper`s dynamics will be very volatile.
Sophie
02 Dec 2016
Guys, do you have any thoughts on oil? What with the OPEC recent agreement? It is expected that oil stocks will rise for the next few weeks. Thus, many people will be selling other stocks (including iron ore) creating downward pressure on their share prices….just to bail into oil stocks....I anticipate decline on the next week. What do you think??
onedb1
01 Dec 2016
iron ore prices at $78 today Incredible swings must say .
onedb1
01 Dec 2016
Re: Big call to 165-170 in my view Monte Am long Premier Oil at 52,75 , Its one of my most charted and traded stocks . 
See that bb . I will post tomorrow both charts here and PMO Got a very busy day ahead Night mate
Montevideo
01 Dec 2016
Re: Big call to 165-170 in my view Hi again - I chickened out at the bottom the dip today with FXPO - just my luck - still trying to learn the charting fundamentals. I put it all into Premier Oil but then that ran out of steam and closed approx 3-4% lower than it peak today when I bought in.Will look to go back into FXPO at first opportunity once I make at least a hopeful 5% return on Premier Oil. You might want to take a look at Premier Oil, I am surprise how long its financial restructuring is taking place and now it seems Q1 2017 could bw they reach agreement with their lenders. Share went up approx 26% in the last 2 days after OPEC agreement yesterday.BTW I would be gratefully interested in seeing your revised chart onedb1.Thanks
onedb1
01 Dec 2016
Big call to 165-170 in my view I know it retraced a bit but I think its doing what its exactly meant to . Penhome pointed out that the first 12345 impulse wave followed by the corrective wave ABC can be seen as part of the super cycle (i) (ii) (iii) (iv) and (v) Now as it seems to be going precisely as close as it gets to text book EW . The 3 wave should be about 1.618 the length of wave 1 . 130-63 are the 2 points I have give 67p . Multiply that by 1.618 = 108 . Which added to 63p give 171ish . Chart shows clear on the weekly an area at around 170p as resistance Anyone interested with the chart and all my view just let me know Its all also in my opinion and target is not a straight line . DYOR no advice intended Am trading FXPO and have been for quite a while as posted on here and elsewhere .
