Shares to watch

Froddy

Froddy

Member
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1,072
Oh no! Isn’t that bl**dy typical! Very annoying ...

You’re right, though - luck can play a huge part. Some people are born “winners” and have the Midas touch.

Sadly I’m not one of them!
 
midlifecrisis

midlifecrisis

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16,189
So over the weekend I put a stop on the trade and at 8:01 they closed the trade at 4636. I had bought at 70 with 5p a point. I got a return of £22k. Whoopy do. Its all theoretical as its a demo account.

But what happened? Why would shares in a cash strapped airline rise so high? There's no end of Covid19 so is it worth a punt to drop?
 
Froddy

Froddy

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1,072
midlifecrisis said:
So over the weekend I put a stop on the trade and at 8:01 they closed the trade at 4636. I had bought at 70 with 5p a point. I got a return of £22k. Whoopy do. Its all theoretical as its a demo account.

But what happened? Why would shares in a cash strapped airline rise so high? There's no end of Covid19 so is it worth a punt to drop?
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Yes, it's an odd spike in a well-established downtrend, and I can only think that it was news-driven.

I think there's a very good chance it will drop -the transport sector is usually the first to fall when things are looking dicey.

The markets are spooked this morning by our covid news, and they were due a correction anyway.

Will there be a "santa rally" or not this year? Answers on a postcard!
 
Froddy

Froddy

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Messages
1,072
Crude oil down 3.5% today, having failed at the upper trendline of the broadening formation (daily chart below)

79362
 
W

woody1144

Member
Messages
108
All the stocks I track to buy in an our of on the FTSE are down. Banks and oil in particular. Think I'm going to leave buying in still as still up 30-40% since October
 
Froddy

Froddy

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Messages
1,072
midlifecrisis said:
Be sureto watch your Crinklebine...don't want to get it stuck...
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LOL!

It's a really handy, free indicator (if you use Tradingview): it allocates a number to each candle (printed underneath that candle) - "1", "2" or "3"

"1" is an inside candle
"2" is a candle which has a wick which is higher or lower than the preceding candle
"3" is an outside candle - meaning both the upper and lower wicks are beyond the range of the preceding candle

It can save quite a bit of time if the prices are too close to call at a glance.

79370
 
Froddy

Froddy

Member
Messages
1,072
Froddy said:
US dollar is flying today - it's going to get fruity!
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Well I said it would get fruity!

US$ has retreated and has now closed the gap (shaded area below) - totally nuts - decision time! Has it closed the gap to run higher, or was this a "fake-out" (as opposed to a break-out?)
79381
 
midlifecrisis

midlifecrisis

Member
Messages
16,189
Froddy said:
LOL!

It's a really handy, free indicator (if you use Tradingview): it allocates a number to each candle (printed underneath that candle) - "1", "2" or "3"

"1" is an inside candle
"2" is a candle which has a wick which is higher or lower than the preceding candle
"3" is an outside candle - meaning both the upper and lower wicks are beyond the range of the preceding candle

It can save quite a bit of time if the prices are too close to call at a glance.

View attachment 79370
Click to expand...
So your crinklebine is an indicator of volatility? 1, things are calming down, 2 things are moving in a genral direction, 3 fk knows whats happening but it's going quick.
 
Froddy

Froddy

Member
Messages
1,072
midlifecrisis said:
Everyday is a learning day...
I've got 32k worth of virtual cash to burn...
Caution to the wind methinks... Sell gold!
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You may be be right - wish I knew!

Gold is a “1” on the monthly chart, and we are near the end of the month; and today it formed a “3” on the daily chart.

In other words, **** knows what will happen! I’m certainly not trading gold as there are no technical signals either way ...
 
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