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2.85 then, let's go up now :) GLA
3/4 invested at 2.90, 1/4 money left for tomorrow, aiming 2.86. The lack of news is really killing it, lets hope the API report is good.
here you go orders for 2.90 fullfilled. come on go a bit lower :)
£20 spread on £3000 is similar to actual purchase sale cost, buying and selling per 10000 shares is 0.5% tax plus around £30 for buy and sell fees, so around £180 on £30000, im not sure how the trading platforms work whether they save on stamp duty by offsetting buyers and sellers amongst their users or whether theyre using derivatives in some way, thanks again for this.
the sp500 5 waves are really hard to work out, so its possible were in wave 5 already, but another thing i did was to take the % increase on 2nd 5 wave up which is roughly 15% from 14 may to 8 june, the third big 5 wave up since 26 june is around 12% up, most of the deviations on the line seem to be gaps and turns in past levels, and what looks like a wave 2 could be tied to a previous level of turns, but i can see the concern of some with the rising sp500 and falling vix wedge at the moment, its not impossible therell be a several % correction imminently around the previous high, though i would have thought it more likely it will make new highs then turn down. If the % increase in third 5 waves up is the same approx 15% as 2nd 5 wave up, it would go to around 3450, about 2.5% higher than present, and if this is the end of wave 5 not wave 3, this would perhaps go down to around 3200 before another set of 5 waves up, which is i would have thought likely to pull bp down by something like 25p and rdsb by 100p, no one knows where price is going but just some thoughts on charts.
Unrelated, this is an interesting viseo by someone who reckons the oil price will rise sooner than most think
https://www.youtube.com/watch?v=DGLQBMzBhOI
''thanks, i usually open google for bp and google for bp adr and look at the prices in currencies at 11.30am us time (uk close), Friday was 292.90 and 23.08, move down to 22.99 equates to 291.76, but in after hours it ended at 23.04 which is 292.39. Theres been no particularly big good or bad news, trump is 2% up in poles though which im guessing is positive.
The other thing that some are mentioning is that there is an upwards wedge which looks like nearing completion on sp500 and a downwards wedge on vix, some think this is imminent correction warning, but I think theres more likely to be more upwards on sp500, its really difficult to read waves, but for weeks ive thought I can see the 5 waves up and 3 down pattern on sp500, the second 5 wave up completed with a blow off top when bp reached 376p, the airlines and cruiselines also spiked then, but wonder if there will be a similar wave 5 up, I suspect this week or so coming may see the end of the wave 3 up at new highs, maybe a percent or two above highs, and maybe a 2% decline into wave 5 up for another month maybe.
my situation is different as im not on margin or at mercy of being chopped up with stop losses but hoping to sell around peak temporarily and buying back maybe 10% plus lower, if theres an extended wave 5 up, bp and shell should be pulled along with the markets. Ill try to look at your video though macd and mas can often be way out for determining price turns''
yer havin' a laff here laddie.what utter ****e
thanks, i usually open google for bp and google for bp adr and look at the prices in currencies at 11.30am us time (uk close), Friday was 292.90 and 23.08, move down to 22.99 equates to 291.76, but in after hours it ended at 23.04 which is 292.39. Theres been no particularly big good or bad news, trump is 2% up in poles though which im guessing is positive.
The other thing that some are mentioning is that there is an upwards wedge which looks like nearing completion on sp500 and a downwards wedge on vix, some think this is imminent correction warning, but I think theres more likely to be more upwards on sp500, its really difficult to read waves, but for weeks ive thought I can see the 5 waves up and 3 down pattern on sp500, the second 5 wave up completed with a blow off top when bp reached 376p, the airlines and cruiselines also spiked then, but wonder if there will be a similar wave 5 up, I suspect this week or so coming may see the end of the wave 3 up at new highs, maybe a percent or two above highs, and maybe a 2% decline into wave 5 up for another month maybe.
my situation is different as im not on margin or at mercy of being chopped up with stop losses but hoping to sell around peak temporarily and buying back maybe 10% plus lower, if theres an extended wave 5 up, bp and shell should be pulled along with the markets. Ill try to look at your video though macd and mas can often be way out for determining price turns
AleRi8
Your right great platform 212. flawless
These free stock trading apps make their money from CFD's and have openly admitted it and not from the spreads I'm on 212 and seen spread for nex at 0.004
Us stock closed ar $22.95 that's 3 p lower than the UK price, then 2.89, we will get 2.90 on Monday, the question is will we go up or down at the opening ?
Fossilfool, I know you like charts, check this video around the indicators, I use MACD, RSI and 20/50/200 moving average, they are really good at giving the strength of the trend (Connor RSI)and when to make decisions with buy and sell signals (MACD).
https://www.youtube.com/watch?v=eVjuGhTf2uc&t=618s
Fossilfool, TakingMyTime,
I use Charles Stanley Direct fro my ETFs (Funsmith, Lindsell, BlueWhale, Montanaro uk and Europe, Allianz performance bond), HSBC for my ISA Stock and SHare mostly RDSB and BP, and Capital.com for metal such as silver and swing trading for BP.
Capital.com spread is competitive, the difference between sell and buy is £20 for purchase off £3000 of BP , same % spread if you buy one share or10000, which means I can place multiple buying orders in order to average down effectively, charts and indicators (RSI, MACD, MA20/50/200) are dynamics too. I don't mind the spread because I always place an order for a price that I comfortable with. Have a try, it is really fun to use. They have a demo mode as well.
22.99 on adr's, you might be right
but there could always be announcements over the weekend...
stimulus of $23T...trumps approval ratings now at 174%...covid cases drop to 89 globally...scientists admit climate change error, oil can be used for 200 years
for interest whats the difference on your buy to sell prices for capital platform, real buying has tiny spread but 1.5p tax difference, guessing the tax can be avoided in spread on platform as it owns the shares and can effectively move simulated ownership between users, is there a difference of aruond 1.5p? cheers
"I am on a no commission platform"
You do realise there's no such thing. They are making their money off you somewhere. Probably on the spread. They aren't a charity.
lol, bets are open . I bet on Monday we will open below 2.90 :)
''295 is the bottom of the wide channel over past months, its top is 383, if theres a pre election/positive virus news blow off top, im guessing this is the best it might reach, this was the recent peak of uk airlines, carnival & bp/shell. The third set of 5 waves up on sp500 may be presently more than half way through wave 3, its difficult to count the waves, but if so, these are long and could be 6 weeks from a 5th wave peak, with a third wave peak perhaps in a week or so. Had thought 295 might well have held this morning as a possible return to the mature 295 to 383 channel range, as airlines/cruiselines were 20% above lows, maybe it will and maybe its a false breakdown, that break out up through the steep downward resistance line last week at 309 was a false breakout so far at least.''
So,it might go up or it might go down and then again it might stay where it is.Thanks for clarifying this.
Exxon and Chevron are now trading at August 7th level, which is an equivalent of 287 for BP , the trend is still downward, the stock could go down on Monday by another 5 p, bought some at 292 but i am holding most of cash for Monday. I gave up waiting for this stimulus announcement.
295 is the bottom of the wide channel over past months, its top is 383, if theres a pre election/positive virus news blow off top, im guessing this is the best it might reach, this was the recent peak of uk airlines, carnival & bp/shell. The third set of 5 waves up on sp500 may be presently more than half way through wave 3, its difficult to count the waves, but if so, these are long and could be 6 weeks from a 5th wave peak, with a third wave peak perhaps in a week or so. Had thought 295 might well have held this morning as a possible return to the mature 295 to 383 channel range, as airlines/cruiselines were 20% above lows, maybe it will and maybe its a false breakdown, that break out up through the steep downward resistance line last week at 309 was a false breakout so far at least.
Good luck to you with your strategy.35 years in the stock market and could never call it day to day.
if you bought at 295 this morning, a day trader will sell at 295 and try their luck at a lower price point, I am on a no commission platform (capital.com_) and I do that all the time.
''everybody who bought this morning will try to sell at cost keeping the pressure down.'' ????? why the he~l would that happen?
we are still 2.30 hours from the US opening . 200ma is now at 2.92, still a long way to go, everybody who bought this morning will try to sell at cost keeping the pressure down.
2.92 does not stick, I think 2.90 will happen before the US opening or at the very opening as stop losses get triggered in the US side. I have an order at 290 and some at 289/288/287. 288 is strong because it translates to $22.50 with the spread on top. GLA
the line drawn up from march lows that has been changing from support to resistance at same gradient is at 291 at moment with 3 high lows on line, if it does go down another step before any move up, 288.5 looks like next level with 3 high/lows on line, rely on your own investigation but it might be 290 misses the 291 support and 290 might trigger 1.5p above 288.5 if goes down to this. It might be worth buying manually at 291 and not missing out risk of 290 non trigger. the gradient drawn up from the aug low gives a low of about 285, or if drawn at gradient from march low to aug low gives 277 presently, hence channel 277-320.
2.90 coming my way.... my moto is not to be emotional with stocks, milk BP as a cow, there is no reason for this stock to explode and stick at a higher price point in the near future. In fact, most analysts are planning for a market correction in September or October, FANG is trading at 1000x PE ration (mad), I think we will see 2.70 again in that time frame.