London South East Logo | UK Share Price information



Register
Login:
Share:
Email Facebook Twitter




Centrica Share Chat (CNA)



Share Price: 141.85Bid: 141.80Ask: 141.90Change: -0.55 (-0.39%)Faller - Centrica
Spread: 0.10Spread as %: 0.07%Open: 142.80High: 142.90Low: 141.15Yesterday’s Close: 142.40


Share Discussion for Centrica


Thread View

Please login or register to post a message on Share Chat.

Posts per page:


pipedreamer
Posts: 170
Observation
Opinion:Hold
Price:142.00
Kelloggs
Today 11:20
A brilliant post Kellogs.Your knowledge of charting is light years ahead of mine.I agree about waiting for a clear pattern to emerge,and most importantly,your observation that patience and discipline is absolutely vital if profits are to be made.
Just a little story.When I was 16 I found myself in an amusement arcade looking at a machine.It was one that kept on playing even when nobody put any money in.After about 45 mins of watching it iinvested my three penny bit.
After about an hour I had turned 6 three penny bits into 33 three penny bits.I only put money in when I thought I was absolutely sure of a payout.
Just an example of discipline.Of course these days these machines are computerised,with millions of combinations.
I see people writing down the results of the machines these days.God how thick!!.Anyway please keep on with your posts.I reckon we may be just now starting the final leg movement [probably 5 movements] that should take us to around the 120p mark,lowest possibly about 115p.That's my take on it.
 
specul8
Posts: 671
Off Topic
Opinion:No Opinion
Price:141.60
kellogs
Today 11:07
where do you see the price going in the short term with your graphs seems to be a bit of support around 141
where is your stop and profit points
cheers
princeofdarkness
Posts: 377
Off Topic
Opinion:No Opinion
Price:141.75
Re:Guess
Today 09:43
Thankyou for the explanation of charting Kellogs - it£s very interesting stuff and seems fairly accurate although way beyond me. A slight worry for markets as a whole is the Chinese personal debt at 27 trillion dollars -is this a worry along with US /UK debt - or is world debt something that£s never going to be solved ?
Kellogs
Posts: 496
Off Topic
Opinion:No Opinion
Price:141.65
RE: Guess.
Today 09:40
Scalping is another ball game and is usually done on 1/ 3 / 5 charts, but in order to make any money doing that, first you need to be extremely quick at identifying structure and then you need a no spread account, a commission only account otherwise you are wasting your time because the % of spread is too high relative to the small movements you are tring to scalp. So forget scalping unless you are oin a pro account with spreads below 0.3 of a point or using a commission only based DMA broker, in which case you will probably need 25-50K before you can get an account like that.
Kellogs
Posts: 496
Off Topic
Opinion:No Opinion
Price:142.05
RE: Guess.
Today 09:16
Trading is about identifying new supply and new demand and buying / selling in line with that new supply or new demand. Obviously, you cannot see this supply and semand coming in until its actually happpening, but you can spot reasonably early using the tools you have at your disposal. A chart can help you spot these areas, but you need to give it some time and not just simply buy or sell just because it hits a previous level, you need to wait and see where the momentum is at those levels. you can do this by going down to the lowest reliable time frames on a a chart.

In my experience anything under a 15 chart for an entry is too unreliable and anything under a 1hr chart for drawing trend lines etc is also to unreliable. But you have to wait for the chart to develop otherwise you are simply picking tops / bottoms and you will lose your shirt doing that. So charting is about looking at weekly / daily / 4hr / 1hr charts for structure and for an agreesive entry (once the market shows its hand), you can use 15 candles for entry, I've found the 15 to be the lowest reliable chart for an entry.

So in summary, charting is a tool for identifying new supply and new demand coming into a market and you want to do that off the lowest reliable timeframe in order to get a decent early entry. Many don't understand that and they think it's gambling, but it is not gambling, however, if you do not have the required patience and discipline to go with it, you will never make any money!
pipedreamer
Posts: 170
Answer
Opinion:Hold
Price:144.20
Guessing'
Today 02:20
Monte,as sufcessex,said he was guessing,i took it that he was guessing.Suf,a gut reaction is an emotional reaction.
It is said that one should put emotion to one side when making financial decisions.
SUFCESSEX
Posts: 5,833
Research
Opinion:Strong Sell
Price:144.20
RE: Guess.
Wed 22:52
Honestly no research here just a gut feeling

you win some you lose some BUT I kitchen sinking here

I like British Gas, if no-else does how I like it TBH

Everyone to there own here

Also its been very cold in Essex this Quarter

Fingers crossed and all that :-)
Montecristo
Posts: 1,368
Off Topic
Opinion:No Opinion
Price:144.20
RE: Guess.
Wed 22:30
I use charts as a guide. I imagine most do. Why do all chartists think everyone else is just guessing? Charts are just one of many tools.
pipedreamer
Posts: 170
Observation
Opinion:Hold
Price:144.20
Guess.
Wed 22:15
Well Suf,fair enough.But what is the guess based on ?. Opinion based on opinion,or opinion based on facts.Something else ?.How did you arrive at these figures ?.
Please don't take umbrage,as they are only questions,and I am very interested in everybodys take on Centrica.
As regards charts,for those that don't think they serve much purpose,why not consider one to be like a map.You wouldn't go for a walk in the desert without one would you?.
SUFCESSEX
Posts: 5,833
Answer
Opinion:Hold
Price:144.20
RE: Guess ?.
Wed 20:16
I will guess

180p to 200p within 5 months here

It's soooòooo cold outside ;-)




Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk






Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.