Member Info for Just_My_Opinions

Picket, I;m not dismissing it... There's been no strategy detailed to even dismiss. That's my point mate lol

Another way to exit is when the macd simply crosses zero again. Often if a stock had been recently oversold on the daily RSI chart, even that results is in a big profit percentage wise. Go on TradingView.com sign up for a free account and start studying what I just told you... guarantee you will see the majority of stocks in this scenario end up producing a nice return.

He mentioned RSI and MACD... and all those stocks you mentioned had been oversold and ended up with a positive MACD too. So from that I can deduce he's waiting on stocks going under 30 on the RSI and then buying as the MACD turns positive. This is a simple strategy... and works a hell of a lot. In fact I used it for months. If he's using that... this alone would produce good results most of the time. Take ABF for example, the RSI was recently oversold on the daily chart... the MACD recently turned positive too. This is a decent simple strategy. And even better strategy is to wait on the MACD "Blue line" crossing the Zero and then go long... plot the 12 and 26 EMA on the main price box... you will notice when the MACD blue line crosses the zero... the 12/26 EMA also crosses above. This is when the trend is more likely to be stronger, confidence has returned to the stock... often the rise will be quicker with less hesitation when this happens. To be clear not all the time, sometimes the price if's already rallied hard and caused the MACD to cross the 0 quickly... it can pull back and even test the red line on the main price box (26 EMA), sometimes the trend won't even continue.... but more often than not it gives a decent rise and quicker than that it took to get to the zero on the MACD. Make sense? Exiting is then up to you... either exit when the MACD crosses negative and then only renter if it turns positive when it's "above zero",,, or just ditch the stock and look for the next setup like this... there's hundreds of mid and large caps to do it on. 5% max allocation of your pot to each trade... rinse and repeat. Literally only learned this improved strategy the last few days... but studying the charts it seems to be extremely good. There's loads of strategies and others I use... but I'm trying to switch my trading to longer term for less screen time... https://www.tradingview.com/x/dg0QkR1v/

Not asking you to tell me, I;m asking him to tell the forum what he does in detail. He hasn't done so yet... I've looked through his posts, can't see detailed strategy anywhere.

And no offence Nims... personality and the way you engage with people (top notch mate)... Analysis (Vague, lacks detail)

I don't have an ego mate, I have a problem with telling the truth too much. If he's really good at this and not just been decent at speculating a few times then he must have either a detail technical or fundamental strategy or a combination of both. You can call it right several times just by speculating... but at some point it screws your happiness. So why when everytime he is asked what his strategy is, he never shares it in detail? The words complex with a few buzz words are dropped in there for good measure. Honestly, I'm happy to eat humble pie if he can show me in detail what he does... Im happy to show him with screenshots too to help what I do. Isn't that what these forums are for, helping each other? I'm long or short x, y, z because it's undervalued/Overvalued due to (Detailed fundamental analysis) or (Detailed Technical analysis) or (detailed combination of the two). Why assume that it's so complex that we can't understand it? These forums are full of ego's and emotional types... in fact I'd say the majority of the people on these boards don't have a scooby mate. Some come on and pretend to and miss lead others... I've seen literally hundreds of them over the years and no this is not the first forum I've used.... If he really does know what he's doing... then I see no reason why he can't share in detail with us all?

Picket... you don't recall... go look at my posting history and you will see I was in and out twice. Granted I didn't hold long enough the second time, but I was short term trading at the time... I;m now switching to longer term on the one day chart. If you see me posting longs anywhere on here... it will be with a longer term daily chart view... due to life commitments. Straight to the point = Nims, seems like a nice guy, I can see that by how he posts... what I'm saying is not a dig at his personality... clearly a decent person. I'm just bored of him saying he has this complex strategy that he never details. If I'm honest having been on internet forums for about 10 years... I reckon he's just a speculator with no real strategy. That is completely fine of course each to their own... But don't pretend to be using some complex strategy if he's not prepared to share it with people.. yeah he called vodafone right the last time, so what? How many others has he called right? At least if he showed us solid logic it would look better than pure speculation with buzz words like macd, moving average, buffet dropped in there. 100% if he shows me a solid detailed strategy... I will take all off the above back and add his name to my "knows what they're talking about" list haha

Sorry makes no sense... no point is saying you're following a combination of fundamental and technical analysis, and then not detail the strategy exactly as you use it. You're a nice guy, but it seems you're winging it mate.

If BP gets 8% cheaper with Buffets way of doing things this means the company is more attractive, yet you would sell it based on it dropping 8%

Still waiting for your strategy Nims... If you're using a cross between buffet value investing and technical analysis.... then detail your analysis. What's BP's NAV? Book value? Enterprise value? Discount to future cash flow? What technically as made you enter the stock?

Nims, Spade a spade... that aint detailing a strategy. I doubt anyone with common sense will follow that tip without sound strategy. If you have one share it properly mate.

Long at around 260p ish, 8/34 EMA crossed on the 2 hour.

And my internet connection is a rock solid hard wired 150meg Fibre connection... when IG was giving me trouble every other tab on my browser coul surf the web easily... including 8 tabs with 8 different real time charts all running simultaneously. So I am certain it was IG's system playing up. I preferred the classic platform to this rubbish new one.

I closed my IG account yesterday and withdrew the funds. Now with CMC for a Demo that I intend to turn live. I can concur with "5eightsaccount" at least that the "new platform" IG uses gives me constant trouble. Charts not loading, trades sticking and 50/50 whether they open or not, and sometimes don't appear for minutes leaving me with zero control over them in the mean time. Screenshot after screenshot sent to both the AU and UK helpdesks at different times and no reply 10 hours after doing so. Spread betting is hard enough without having an unreliable platform. They've taken something that wasn't broken and tried to fix it. So far I prefer CMC markets... looks more busy, a lot of options to get used to, but works well and now I'm used to using it.

Target 498p

Ah closing level, I should pay more attention. Fair play, that would be right then

Jack, The FTSE 100 printed 7,104.49 on the 10/10/2016. It would be higher now if it wasn't for Brexit. I'm buying stocks cheap or not at all due to the unpredictability.

Kamyk, Go on the LMI board, you will see a chart I just drew with an explanation on what's happening with platinum.

Oops not 131 pounds haha... pence. But yeah touched 129p so this thing's a hot potato at the moment... it needs to convince me it wants buying... at the moment it's saying stay away from me lol

Not yet. Broke it's support slightly at £131.76. I need to see volume returning to the stock, the RSI to push out of oversold and the MACD to turn positive on the 1 day chart. Plus platinum broke it's 898 support last night, albeit it is now above it... but no indication of either Lonmin or Platinum beginning and uptrend yet. Also to chuck a big spanner in the works SA president is threatening to to pull Lonmins license if they don't accelerate their housing commitments, for his administration to announce that publicly it's pretty aggressive. There's less risky trades out there even if they return a smaller amount. I will watch Lonmin for now, see how it develops.