Member Info for graysland

Congratulations on the pub by the way. You might end up regretting inviting me. I'm not sure you would be able to afford it. lol

Sorry mate, but i haven't got an email from you. When did you send it?

This is obviously purely from a TA perspective as i know nothing of its fundementals.

Always be cautious about buying straight away into a stock that has just come out with bad news. The reality is that ODDS favour that it has further falls to come . You may get a few % bounce here and there which very short term traders may get but ultimately the risk/reward is not big enough for me. I haven't had chance to chart it yet so if anything outstanding comes to my attention i will post it.........just an opinion from many years of trading. BARC of course being a classic case after its recent bad news. Good luck to those having a go though

All wise words. Although why 'point scoring' should be kept to the 'main boards' is a bit of a mystery? If anything there shouldn't be any..........if we decide that point scoring is fair game....then so is ANY board including this one . PERIOD! To be honest, it was all a bit of jest and the truth of the matter is that i have been seriously slowing down on the posting anyway with an intention of having a break altogether. Seriously reducing my trades as well (nowt to do with sell in may Jonc. lol) but a wedding, stag do's and family hols all coming up and have hit my yearly targets already so i'm looking forward to a serious slowdown . So i wont be around. The boards will miss our battles i have no doubt Jonc. I will look in from time to time and i'm sure there will be the odd time that i wont be able to bite my tongue when i read something scandalous . Until then, good luck to all........yes even you Jonc. .....and happy trading.

No mate, my intentions are far from it. You should stay and debate the points .......thats what a board is for. There will hopefully be some good ones. We shall all learn. I promise that there wont be anything just for arguements sake as Jonc does. Where i agree i will agree.......but where i dont , i wont be saying ''oh right Jonc, if thats what you say and shall i now bend over '. Mate you didn't even stand up for the most basic of errors when he said that 'descending triangles are MAINLY bullish' the other day when actually the opposite was true. This obvious and clear error, which it was , was tried to be explained away with another explanation , when you should have just said............Jonc you are wrong mate. Sorry! This is worrying. But why should the LLOY board be trashed when we discuss good points on here instead. Good old fashioned TA at its finest.

Mate. i'm afraid i cant. The problem Riding, is that half of what is said is either rubbish or retrospective or a deliberate attempt to misrepresent others............and perhaps its time to expose this. When Jonc goes unchecked, he goes on a flawed posting rampage ............it happened on LLOY. That doesn;t mean he didn't get that one right.......just that he flipped up a slice of bread that morning and it landed dry side up so reckons his reasons must have been right. sorry mate but it is the truth. He now tries it with me on other boards and despite thinking about posting here , i thought better of it. However, turning a blind eye to this has only encouraged him. So what has to be done , has to be done. Thank you for your veiled compliment. I have no problem with you mate as you know. It took a number of good posters (you know who they are) to just knock him back down again.

I've decided to be a resident poster on here aswell. How the hell do you put up with this TA drivel that Jonc comes out with? I worry for you guys. I've bitten my lip for some time but no more. Jonc - Your analysis mate is a bit like watching a car crash on dvd in slow motion..............sick, pointless, after the event and yet curiously impelling to watch just for the curiosity factor. The BZM comment was absolutley hilarious. As for the rest of it, like i said earlier, it is obvious what homewwork teacher gave you this week because One week, divergences and then thats all we hear about for a week. 2nd week bull flags and then thats all we hear about for a week. 3rd week MA's and then thats all we hear about for a week. etc etc And most of it with incorrect analysis on, as its not quite as easy as that. And most of it is shocking. You wouldn't know a bull flag from a topping pattern if it slapped you in the face. .....because its not just about a chart pattern full stop. I cant be arsed to look at some of those retrospective charts you've posted as most will be pointless . It is quite ironic that you laughed about stockcharts.com and yet now quote it chapter and verse..........bump and run being the latest. Haha! That was clearly last nights homework. But mate, do us a all a favour and learn how to post a chart (which you have never done unless knicked from someone else. lol) rather than hide behind things that sound posh but you have no realy experience in. Pleeeeaaaase. Hehe! I 'm gonna look forward to hanging out with you guys.

I have given up trying to explain to you , but since i have spoon fed you through not only TA but also trading strategies, i shall indulge you one more. time. Asi am notoriously bearish, i was prepared to to buy into LLOY on a 2 tranche policy ready for the expected bounce.........if i had to and NO MORE. 1st was bought at 27.90 and i did indeed lock in those profits. 2nd tranche wasn't needed, however when it did drop i did buy a 2nd tranche(as opposed to the 1st tranche) at a lower price (albeit i only actually had one open). I am barely 2% now in profit and my target is 28.40p IF it gets there.........then i will sell and consider a short. I shall not explain why as it is wasted on you also. Jeez, i know you struggle to understand posts at the best of times but as Uwinsum right stated the other day, in a sick kind of way your vain attempts to try to pick to pieces someone elses strategy has actually helped you. You should be thanking some of the people on here because as poor as your analysis is, even i have seen it get better as it is clear from your posts what you have read up on that week. One week, divergences and then thats all we hear about for a week. 2nd week bull flags and then thats all we hear about for a week. 3rd week MA's and then thats all we hear about for a week. etc etc And most of it with incorrect analysis on, as its not quite as easy as that. One day you will also learn to post a chart to explain your conclusions rather than the vague generalizations and plagiarisms you resort to.

Haha! You see thats how i know that you only play with TA and cut and paste any decent stuff and the rest of what you say is pretty poor. A TA guy would have been watching for the fall on the indices aswell as individual stocks and predicted the indice fall and this affecting their view of other stocks. However, if they have done their TA correct they will know that a stock will move irrelevant of the indices anyway. The indice fall mate is just a cop out. Just a tip for you mate.....the longer and larger the 'bull pennant' takes to form , like a sliding scale, the less likely it is to be one and will turn out to be more like the unpredictable 'symmetrical triangle' instead. Which is what happened. Anyway, whats all this about you being banned for using multiple I.D's !!!!!!! Tut tut! Why do people feel the need to do it? Sad!

Looks like i got that IOF one right mate. Turned out to be a symmetrical triangle after all rather than a 'bull pennant'

Aaaahh well there is a fair bit of history you wont know about. But its a long story and not worth repeating. All you need to know is that Uwinsum is a top bloke and knows his TA stuff ......as does Chavinon......and to fair it was kept quite civil . You should see some of the ding dongs we've have with Jonc in the past. Anyway, i was just passing through so happy trading mate and i'm sure i'll see you around.

Yes a big difference between between a 'wedge' and a 'triangle' . But just to let you know mate, a 'descending triangle ' is a CONTINUATION pattern. In other words, by its very nature it HAS to come after a DOWNTREND......thats the whole point and thats why the vast majority of times it is bearish. Thats also why that comment you mention didn't make any sense either. The human psychology behind it, is that after a sustained down trend, the bears pause for breath when it meets support. The bulls try to take up the baton, but soon sell and it drops back to support again. They try again, but this time are scared off even quicker and back to support again. This happens on numerous occasions with the bounces getting smaller and smaller until one day the constant testing of support breaks and it CONTINUES in the direction of its trend. One third of the time, the bulls win the day, but 2 thirds of the time they dont......especially BECAUSE it is in a down trend. Anyway, its now clarified, but you can understand that for someone learning the trade such as yourself, that comment can be extremely misleading, because if you worked on that premis, you would LOSE 2 thirds of the time and that is something none of us want for you.

To be fair, Jonc has somewhat back tracked from that original comment and has started to now say that they are not ALWAYS bearish.....which was never in question anyway, so perhaps the 'descending triangle' debate has now run its course. But 'not always bearish' is not the same as 'they are bullish'....if you get my drift.

Riding - To be fair, this discussion of 'descending triangles' only arose from Joncs comment that said and i quote 'descending triangles are bullish not bearish' unquote on LLOY. And nothing more. No sermantics or generalisation on that. Some attempted to correct this clear error, but to no avail. However, if he said that 'sometimes they can fail and can turn out to be bullish instead' then we'd all agree and there wouldn't be a discussion. Nighhawk - Hello my friend. Hope you're well . Are you a poster here aswell? Both Chavinon and I identified that 79p cant be ruled out and i think Elroy thinks it could hit a 'gap fill' of 74p if it does get that close. No guarentee's but as there are plenty of other stocks to trade, i will only be interested if i get that price and if it rallies without me then c'est la vie. Chavinon -29.50p? Well it would be nice as i'm short with an average of 32.95p. Uwinsum - Are you suggest plagiarism? Who on earth would do such a thing?

You should get back posting on LLOY. LLOY was was a real cash cow for me in April. Bagged 20% trading and the share price hasn't really gone anywhere.

Fantastic thanks. Hope same with you. I was actually thinking of you the other day and thought i hadn't heard from you in a while, so i looked up your 'name ' last night. I see you posted that you also have the potential same price target on EMG as me. No guarantees it will get there, but i wont be touching it unless it does.

Like all chart patterns , you should only trade the CONFIRMATION of the breakout. As a descending triangle comprises of a descending diagonal trend line and a flat horizontal one, you should buy or sell the breakout of either of those. However, one thing that is absolutely unquestionable, no matter how you wish to dress it up, is that the ODDS (2/3rd's) , favour DOWNSIDE and are not 'MAINLY BULLISH!' This is just pure silly! Now that still leaves a third of the time that it will probably break UPWARDS, but at my school that is the MINORITY of occasions not MAJORITY.

Uwinsum - so this is where you're posting nowadays. lol Are we all allowed to join in. Hehe Jonc- Its probably a symmetrical triangle at best , rather than a bull pennant and wont get close to a breakout until it gets closer to 42.50p , but of course symmetrical triangles are very unpredicatable and could quite easily go either way. I must admit this is an interesting chart to watch though. Trade the breakout confirmation , whichever way it goes, is the wise money. As for AYM, it probably isn't a descending triangle anyway so perhaps no point discussing the official technical analysts version against the 'Jonc' version anyway.

That was an excellent call mate. I've now tweeked my charts accordingly to tie in with yours. It actually gave me the confidence to hold when it broke through 350p so nice one. Any higher tomorrow and 384p is the next stop to watch for, other wise we could still have one last go at 340p and you will get your opportunity. Its a potentially bulish looking chart though and i'm happy to hold for now especially as i'm only 1% down at the mo.