Member Info for Just_My_Opinions

EMA = Exponential moving average. No need to go into detail on that. But 8 is more close to 7 days due to the maths. And 34 is more close to 30 days. 8 crosses 34 up = Buy and hold 8 crosses 34 down = Sell (or short) Or if you're happy with the profit, close before it closes to give a sell signal. It's more successful when the price is above the 200 MA (Moving average). But it keeps the losses small and the gains big on average. That's just one way to trade, there's loads of diffrent ways... just keeps it simple. But you need to play about with the timeframes to see which timeframe is the most successful for the stock your trading. UU. is a slow mover, yet erratic at times... so daily is best to filter out the noise.

If you use basic indicators, set a stop loss... and just let the trade run till you're either happy with the profit or the indicator turns negative you'd profit more consistently mate.

I typed the plain English on the chart, just zoom in and look at it mate.

Pete... https://drive.google.com/file/d/13Wl7V4S6hwFdMaNf3rAV4IfOZkzKTLn_/view?usp=sharing

Anappa, The 50% Fib is also the 200 MA on the hourly.

Pete, Have a look at his current posting history. He's been burned on SOU, and to help heal his ego, he's arguing with holders. He has a very arrogant tone. I've seen hundreds of RDR types over the years... he's probably in some position of power in real life, used to getting what he wants... and thinks the market will be the same. When they find out it's not the same, that they have no control... they start taking pot shots at others with a different opinion from them.

Yes mate :-) He was on for months saying he was shorting the Dow/FTSE if my memory serves me right... that must have stung.

Anyway... to speculate. He's a Specially Designated National. In English, with a quick google it seems the USA label people as SDN's if they think they're dodgy. So Glen's management is trying to avoid any possible corruption accusations by the looks of it. Everyone knows the Congo officials operate on who's bribing the most. I would think Glencore's management would want to avoid that given that they have much more to lose. So Dan's (an SDN) may have some officials with the highest of integrity in his pocket? Just a suggestion, not an allegation... :-)

Anyone remember Share123? :-)

Yeah and after market mate... that's nasty, holders stewing all over the weekend. Would have been more considerate to release before opening Monday, that way holders aren't thinking about it over the weekend.

Withoutt - I know he is mate, but he's not going to get an easy ride of it. Best to hit the report button every time he breaks the rules. Sooner or later he will get banned. His username gives a clue that he has been in the past.

"Clearly this is JMO's board as he doesn't let anyone get a word in edge ways." Yes I seem to have the power to anaesthetise peoples fingers from anywhere in the world using my telekinetic powers, this prevents them from posting. Retour_du_Renard = Return of the fox. Should possibly think about changing that to Retour_du_Trolleur

If the trade's already placed... it makes no difference. Only an idiot would think minnows like us could substantially effect the MM's decisions on the stock price of a Multi-billion dollar company. It might very well rise on Monday, I'll trade it based on what I see... not what I think I might see. Although the hourly is still currently a short, that doesn't mean short it... the signal was yesterday. It could rise now, it could ultimately do anything. You're getting rather emotional for someone who doesn't care much. For months we had a decent bunch of people on here, now we're getting a nippy sweet coming in to spoil the tone. I'll match you tone for tone. You're nice, I'm nice. You're nippy, so am I. That's how human interaction works.

Until you post your trades live, don't make digs at others. Post your entries and exits live or it's just words. You were wrong yesterday when you said it was going to rise, it rejected the 200 MA on the 15 minute strongly... better get some new batteries for your clock. The stock could do anything right now, if it gives a long signal without a gap up I'll go long. I've got no directional bias. Would prefer it to go up, then it's happier in here :-)

"The RNS just out might be put it on to bear country" Well the hourly is still a short... so you might be right mate. If it does, just means the next long is cheaper with less risk :-)

On that chart... left to right is the 5 minute, 15 minute and hourly

I prefer the hourly chart Glen on the 8/34 EMA crossover. Which takes patience... but I might have a punt with the 15 minute if it doesn't gap up on Monday basically.

Better to show a screenshot of what I'm looking at than just type... some people won't have a clue what I'm on about. 200 MA (Green line) = Moving average of the last 200 periods for the time frame. So 1st one is 200 x 5 minute candles, 2nd 200 x 15 minute candles, 3rd 200. Above this and the stock is seen as bullish. Below it, the stock is seen as bearish. The stock can be bullish on one timeframe but bearish on another, as trends happen on every timeframe. So day traders might trade the 5 minute chart, then exit positions keeping the bearish trend on a higher timeframe intact. So unless scalping, I wouldn't take the 5 minute chart as a reason for a reversal on Glen... especially as this is a no stamp duty stock, this makes it a prime target for scalpers, who only have to make more than the trading fees, and don't have to worry about stamp duty. Anyway... slight greenshoots for the holders, it's trying hard for support around the 367p (ish) area. If it opens flat, and doesn't gap up from today's closing price on Monday... and the 15 minute turns positive... I will enter for a trade. If it gaps up, I will ignore it in case of a gap close. A gap is simply a gap in price from a close to an open. So if it opened up say 2% on Monday (for example) that's short term traders sitting on an unexpected 2% profit, quite often the will sell into the rise to bank the profit. Anyway... https://drive.google.com/file/d/1NwaQzY11gzBkXg1jl5ALJtgGk9QGZD6e/view?usp=sharing

Trying to breakout now. Just broke above the 200 MA on the 5 minute. Will see how the chart looks Monday.

gap up*