Member Info for Just_My_Opinions

Closed one of 3 trades (account I use for income) @ 4035 2 Others still running. Possible pull back to 3908 due to gap on from 26/04 and it's struggling with the 200 MA on the hourly. 5.42% profit after stamp and fees.

squeezed*

In hindsight, having now looked at the daily chart I could have probably squeezes another 200 pips out of that, but the US GDP figures are out at 13:30 which could throw that out the window. So happy with that profit. Going for a nap.

Hovering around yesterday's support area. I've drawn a support line and put arrows showing where traders are watching. Past resistance often becomes support. But support alone is not enough for me to place a trade. I need to see a trend developing. Right now the chart is saying remain short. Although I don't have a position in Glen at the moment. https://drive.google.com/file/d/12GNRVMBmzMfh81Cc2HqNa7u9tdVmqgtP/view?usp=sharing

Closed GBPUSD short for 400 pips. Opened on 18/04 at 1.42042, Closed at 1.3804 27/04 No idea if it's got more to go, but 400 pips is a good run for it on the hourly. Still got USDCAD and USDJPY longs currently up 245 and 210 pips respectively

The 15 minute is where a lot of the price action is at the moment. It went positive briefly earlier, but this was under the 200 MA which is the average of the last 200 15 minute candles. This is was not a strong signal to buy due to that. The price rose to the 200 MA on the 15 minute chart, rejected it and fell back. I put a couple of arrows on the below screenshot to show you what I mean. https://drive.google.com/file/d/14gflQCGGXWXLHXgdHVsppJ_wF-RGE-15/view?usp=sharing The hourly which is better for 2 to 5 days of movement is still negative. Those short should stay short for the time being. If it reaches the 200 MA (Black wavy line) on the hourly that could be a good time to take profit. If not, I'd wait for the 8/34 EMA to recross for a long. That might mean little or no profit if it turns positive earlier than expected. What you lose on the swings, you make up for on the roundabouts. https://drive.google.com/file/d/15-UVnplghOlNPZoxqi6g8WcqLcg_Z315/view?usp=sharing

Good then you don't even need to rely on your own discipline, it's already restricted to a degree. I'm not personally trading stocks on spread betting at the moment, only FX trading. The money I have for stocks is spread over 3 ISA's and 2 sipps, so tax free anyway. I just spread bet FX on the side of that for a bit of income.

The only charge you pay is a very small overnight funding charge. But it's not even worth bothering about as not paying CGT completely dwarfs that holding charge.

Yeah they've increased the margins, and I agree with them. The majority of people who spread bet get greedy and leverage way more than the money they've put in. When things go wrong they get margin called and a lot of low networth customers can't afford to pay more money into their account so they lose their money. The biggest barrier to making money in spread betting is using the leverage available to you. I always keep the leverage low. So when it fluctuates against me I never get margin called. I also use guaranteed stops without fail. I can honestly say I've never been margin called once, never. You don't even need to use margin for people like Billy. Just credit the account with the money you have and place trades to a value no higher than the money in the account.

Also Blly, if you wanted to spread bet to the same value as your holdings to avoid CGT legally... then CMC Markets shows you the actual value of your trade, that way you don't leverage higher than the money you have. So say for example you had �100,000 to invest in glen, that would be �271 a point at a Glen price of �3.69. (100,000 divided by 369 = �271 So for every penny Glen goes up, you'd make �271. So you gain exactly as you would buying the underlying stocks, but you don't pay a penny on any gains, and you don't have to wait on the dividend being paid on either. Well I assume CMC is the same as IG with the dividend payment, but I know IG doesn't give you the exact value of your trade on the trade display column.

"Wtf! Why have I got to wait till end of feckin may? Why have you got your divi now ...oh that's some bullsh.it! That's so wrong!!" Yeah and you'll be paying tax on any capital gains you make. Where as someone who spread bets to the same value of your holding won't have to pay a penny in tax either as no underlying asset has been bought.

It's a bit more unpredictable than stocks Pete. Oil basically moves on a combination of "actual" data and speculation (gambling) on what Opec may or may not do, and what the effects of their actions will be. Their are two main providers of this data... API = American Petroleum Institute (Tuesday @ 20:30 UK time) EIA = Energy Institute of America (Wednesday @ 15:30 UK time) The EIA is the one that matters, API occasionally moves the oil price if it's a very good or very bad data release. But mostly it moves on a Wednesday at 15:30 UK Time when it makes it's biggest moves. Literally the second the data is released Oil traders push the button on their algorithms and they start placing $Millions of dollars of trades in seconds. The data today wasn't a disaster so the immediate sell off has been bought up again. But the price is ranging, the market is not sure where to take it. I think it hangs on what Trump is going to do. If he follows through with sanctions on Iran and goes after Venezuela in some way then yes the oil prices could be sustained. But on the other hand he doesn't want oil prices to go up at most of America's infrastructure relies on Oil, and high gas prices will annoy his voters. https://www.marketwatch.com/story/oil-prices-turn-lower-as-eia-reports-unexpected-rise-in-us-crude-supplies-2018-04-25 https://www.ft.com/content/0ee207da-47a6-11e8-8ee8-cae73aab7ccb Oil sitting on the 200 MA on the hourly chart, unsure of itself. Really it should have been sold off more today, but with Trump and Macron having just discussed what to do with Iran... they market may be waiting on that. https://drive.google.com/file/d/1MAZQef0WVTJ_V6Ys-UVsn67U2HnjdEcO/view?usp=sharing

Agreed, decent bunch of people here. We talk about Glen mostly, but if we spot opportunities why not share them. It takes longer to type a comment saying don't post this or that than it does to simply ignore it.

When's the ex divi anyway? Tomorrow?

Ex divi will probably drop it anyway, so kind of a "no sh*t sherlock event" haha :-)

Glen now below the 200 MA on the 15 minute chart. Hourly is close to turning negative on the 8/34 EMA crossover, if it closes down by 16:00 that will be a short/sell signal, at least short term. Initial target would be 364p. If that fails then the hour 200 MA would be the target currently 357.5p (but moves).

Basically it could bounce tomorrow, but that doesn't brake it's downtrend. Trends happen on all time frames... from the minute chart to the monthly. It's quite an erratic share, easy to make a mistake with... it would need patience and ignoring it's wild movements to focus on the medium term trend.

No probs. Ignore it's short term fluctuations during the day... It's daily and weekly is negative, it's put up a bit of a fight, but more chance of lower now I think. Support = Floor Resistance = Ceiling

The Weekly is also negative for EZJ

I would cancel that order mate, you should get it cheaper. Daily's been negative since the 18/04 and there's a bearish engulfing candle developing.