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Would love to know what all the minute by minute options trades are….this stock obvs now got BoA attention for very good reasons….hmmm…got to be brave to fight the algos
I use the 61.8% fib (although not as consistently as I probably should). I use a number of other indicators such as the main moving averages, as well as things like the VIX, DXY and various commodity spot prices (the latter useful for some cases).
There are so many potential indicators that I try not to 'overdo' it, so to speak. I only have a certain amount of brain power and concentration span, lol.
And I still find it difficult sometimes to ignore the market and just trade the charts. Work in progress and looking to continue to build this knowledge and understanding - which is when these chat boards can be most splendid sometimes.
Thanks for your further comments, Stupmy. I will post here again if I take the plunge and if that day does not come, then GLA and I hope you make some good profits here.
Added at 466.14p for a trade to sell for tomorrow bounce after the inflation falling news.
could hold with positive news from inflation tomorrow
the narrative so far has been that despite inflation high, travel demand high due to missing out during covid...
narrative will change soon, possibly from tomorrow that inflation is down and people will now able to "afford" ticket prices
Mr shiney it might sound winey, easy jets gonna fly take your timey , You ask stelios he tell us why , easy jet share soon be flying high , See you then best of luck ,we hold the line might make a buck 🥳
I do look at MA's LWHL and I do think they give you very important information. I favour weekly, daily and particularly 2h charts. For Fibs, the 61.8 retracement is frequently hit so Rob's view might have a decent chance of coming to fruition (that fits also with your 450 area).
There a few 'rules' (ideas?) worth considering. You probably know them anyway. One is 'price first' (basically a nod to the fact that indicators are derived from price and are therefore 'lagging').
LWLH, I can't really shoot you down. You're making the effort to see through the clouds and to be honest, you're guess is as good as mine. What you say, makes sense. Round numbers do have an impact on buyers and sellers (I'd caution though they have a bigger impact on PI's than serious players).
For the moment, the sellers are struggling to take it lower, but there's no evidence from my point of view that the buyers are there in sufficient force to suggest we're about to move up. Spotting the potential opportunities is helpful, but at the end of the day, if you want to be close to the turn, you have to sit and watch the price action. To say this is boring is an understatement. But getting it right makes you a lot of money. If I bought now, my interpretation of TA would already have been successful as I've been waiting from 580. But I could still be a way off whatever the low is going to be. It's better to wait for evidence of a turn.
Inflation report tomorrow might give it a nice boost!!!!!!!
Sorry - misread the dates on the chart - it is not a confirmed break yet. IMO, if it stays below the 200 today and tomorrow then it will be. GLA.
Ignore those posters and continue to post your thoughts, please.
Many of us enjoy and appreciate hearing TA, especially those of us who are trying to improve our skills and understanding of this particular niche area, to try and get better at this stuff.
In my simplistic TA view, this is a confirmed break below the 200 now.
I am going to get interested if we see circa 450p (because round numbers like this seem to have an impact on buyers/sellers, so not a trend line number).
Of course, if for example the SP closes above that circa 483p level today and holds above it for at least a couple of trading days, then that might signal that the bottom is in. And I will miss the boat on a potential trade.
Feel free to shoot me down in flames...and obviously just an opinion...if I knew for certain, I would be typing this comment on a private island :) GLA.
Its wishful thinking...but you are more than welcome to wait for that low price..I nibbled already and i believe there will be many more cycles up and down before we get to yr entry level..I love all the volatility because we get rid of some players on the way, the ones that want to make a quick buck but end up losing or the ones that spreadbet and get caught!!! Happy to wait for £5 or £5,30 now..GLA.
Stanley, I don't know what's driving the price down here. If leisure spend were to decrease with disposable income in the event of a worldwide recession then the leisure industry would be hit hard I guess. Is that what is being priced in here? I don't know. Personally, without a better idea of the reasons behind the drop I find it difficult to envisage a fall below the 440 area. If that were to cede, then 405-410 looks like a support. There's also rising tl support from 28 Sept 2022/3rd Oct 2022/12th and 13th Oct 2022, which would give a support around 362 today. I'm finding it difficult to imagine the price dropping to those levels, but I don't have a good grasp on why it's dropping now so that's just wishful thinking I guess. There is also a downside gap to 423 or so and another that I have closing around 370-372 (that's a 2h chart). Personally, I'm still hoping for a bounce around here (467ish).
Hello @Stupmy, what do you think of 380-400 as an entry? I'm reading from a 1d chart that the global cycle will likely take us just below £4.
Honestly this makes no sense... Just look at pre covid, we have div reinstated, will soon be in profit and there will be an interest rate drop v soon... This must be a shake out or am I missing something
Added at 466.5p
gla dyor etc
OTB,WIZZ. IAG the whole sector's down.
I've screen capped this chart to explain common phases in a cycle. It's worth considering.
https://screenrec.com/share/eIkmvMdHbR
Taken from
https://medium.com/@KayodeOla/here-are-the-14-stages-of-the-psychology-of-a-market-cycle-from-beginning-to-end-66a832a0aa06
Stille, I've been clearing the decks also in order to focus on EZJ. Like many on here I think that there will be some good profits soon. Psychologically, now is about the time that people will start to wonder (I am as it happens), what is causing this drop. We've had the 'O'Leary comments' the 'Boing Issue', the potential softening of the economy, but my guess is that many will be wondering what the 'actual' reasons are. There is still a chance that we get a fast drop as people lose faith.
Me neither! Am sometimes on US chats and a lot of non English speakers make contributions which are valid. Anyway off to beach so back at 1430 to sell APPL and release funds for ezj (maybe!)
At the moment MrShiny, it's still falling. EZJ has a value, it's a viable company, probably with a strong future. If the price drops much further, then the fact you sold will have been the correct decision. If Rob is right and we see the 440 area, you've really done well to sell and could consider whether it's worth buying back.
I didn't even see that Cevod, but it's almost an irony that and idiotic, ill thought out one-line post designed to make him (it's mostly 'hims') feel smug, was not even correctly spelled.
Thanks Stille, I try to look when others express a view, but I have to say that comments like "Should see it down there." irritate me as they smack of arrogance. No-one can see into the future, but if you put the effort in you can take educated guesses with an increased likelihood of making money or losing less money. It really is worth doing the homework in my view, but it has taken me years to get TA amalgamated with my more general knowledge and training in a way that it contributes effectively. It's not a case of binary decision making. Or if it is, that's pure speculation with has elevated risks. I've tried in the past to explain my ideas etc, but inevitably I'm abused by idiots who can't be bothered to have a bit of think about things. Mostly these people are the ones who use snappy one liners like 'you don't make a loss if you don't seel', these are the people that 'man it out' and 'hang tight' as they lose their money.
It's just bad timing on my part. I really did believe we where going to see a good upside on the results. Most of use did otherwise we wouldn't have put our money here. Who predicted the CEO stepping down!? I dought many of us.. at the end of the day, someone's lose is someone else gain. I really hope everyone does well out of this. I'll probably be kicking myself in 3 month time but that's life.. Good luck everyone, you'll see blue one day!
Damiensasha, stupid one liners that are not even in English show your ignorance!.
It's lose not loose!.
Loose is the opposite of tight!.
Why do you publicly show your lack of knowledge?
Thanks for the homework Stupmy! Your posting is more compelling than the SP right now.
I do find it irritating when people come out with snappy one liners which seemed to be part of a well oiled machine that makes losers feel like they are not losing. Nonsense like that Damiansasha encourages people to lose their money. Think very carefully about nonsense one liners.