Member Info for Just_My_Opinions

Watching LMI for it's floor too. This could be it, but £131.76 from March hasn't been tested yet, and if it fails then it could be as low as $113. I'd rather join strong support and an uptrend than catch a falling knife with LMI.

Sorry JMAT is hovering around break even too, but it looks like it's ready to uptrend soon. But all other trades have me in good profit for the duration of their hold even with the losers taken into consideration.

State your reasoning for why it won't attain £2.20 or don't expect people to give a lot of weight to your opinion. People need information, factual information on why something may or may not happen. Then they can piece that together with their own research in order to make an informed decision. Otherwise, the post is speculative at best. No offence intended,

weakness*

Hi Jack, £1853 profit on 13/12's short on crude via that 3 X Leveraged ETF I told you about. Turned out to be a text book ascending wedge reversal pattern. My original target was to just above the gap of $51.40 at $51.60... but it continued to drop after London market hours so I couldn't close it. I ended up closing it when Crude was around $50.90. I thought it may have more to go as the technicals were decent... but as I'm juggling various other trades in various sectors I took profit and moved on. Made £720 on that ETF this week too on top of the above. I'm long WPG, RB., JMAT, FRES (Oh dear), UU, (Divi bagged) and VOD. Only FRES and UU. are not in profit but UU's only slightly under water and just bagged the Dividend for 1st Feb. FRES took a 10% hit, as I was too busy watching the crude chart, and about 9 other charts simultaneously that I forgot FRES would take the hit when Gold did... the DXY had dropped prior to the FED meeting, so it was inevitable it would spike after Yellen spoke... I applied that logic to the Oil short and completely forgot about Fres... So the profit I had on Fres evaporated into a £1000 paper loss this morning. I held it though as the DXY was showing signs of weekness... so it recovered about £500 of that already. But up far more on the other trades so it's been drowned out by the winners... may as well let it run or take a second tranche at lower levers ready for the next uptrend. All in all another profitable week so far.

Also over 95% of my trades are not spread bets. They are real stocks, and occasional leveraged ETF's.

Been doing this 10 years nearly, maybe not as long as you... but get rich quick is not on my agenda. It's a sure fire way to get poor quickly in the stock market, unless you just get very lucky. Don't spread bet unless you understand margin in great detail, also risk management and technical analysis (basic technical analysis is enough) as long as you don't deviate from the rules. It's not a punt sort of past time, spread betting... it's dangerous to your wealth. Use demo accounts for months to learn, and only trade what you would actually put in a real account. I you loose half of that, know that in a real account they will start closing positions if your margin is 50% of your capital normally. Never margin more than you can afford to loose, or more than you can stomach in big price swings, sooner or later it will happen scare the sh*t out of you, have you closing on a loss, or being closed out... and giving up... and preferably hardly use any margin at all. 2% of your account on each trade, close loses quickly and move on. That's a few pointers I would give. But you're right the vast majority of people who spread bet lose money. That should tell you that you really do need to know what you're doing to do it. Don't use their charts either, they are rubbish. Use TradingView.com take a pro membership with real time data. Research indicators on google, learn what all the main ones do and how to use them. Study charts for each stock and learn the behavior of them, learn where you get the most return over certain time frames. But the above won't be of any use to you as you are against technical analysis and charts. If you opened your mind you could both invest and use charts. Get the best entry and exit points in trends on the way to your eventual target on a stock.

On the 1 Day chart*

Long JMAT @ 3087. Only the daily chart, MACD turned positive, pushed out of Oversold on the RSI, Wave Trend Oscilator currently pushing out of oversold too. Note: No recommendation to buy, just have a look if you want.

Ignore the typos, time for some sleep... English is my first language "honestly" lol

Also I don't have a target, I'll judge when I think the rally is running out of steam. 209 is an interesting price as around 209 was resistance on 11/11 and 15/11

Only showing this here as there are people who may choose to look at the opportunity. Or I could keep quiet and take the profits myself if it pans out. Anyway, I've called it before the event, lets see if I'm right. Target $51.6 on US Crude, might even drop further.

Jack and Others... Albeit this is not Vodafone, hopefully I'll be forgive since I went to the effort of giving strong analysis and method for why I am trading Vodafone at the moment... I've spotted what could result in an ascending wedge reversal pattern on US Crude. Hence I'm short Crude at the moment on a 3 x Leveraged ETF. I reckon Crude is going to take a further dive. As it stands I would be in profit on my trade if the London market was open. So hopefully the reversal happens in Asia trading, or might have to wait on the higher volume European trading to increase the profit. Zoom in to read my explanation. https://drive.google.com/file/d/0B4JQyW8z7o14cjJTSjcwNVV0RW8/view?usp=sharing

DanielH and others, Daniel, You asked for opinions on Vodafone. Here's mines based on the daily chart. I chose the daily chart as I am "Swing Trading". Targeting multi percentage swing trades as opposed to scalping small percentages day trading. Vodafone is more of a swing trading stock anyway as it's a slow mover. Here are my reasons for choose to "Swing trade" Vodafone. Vodafone is close to breaking into a strong uptrend on the 1 day chart. I have made a screenshot with technical explanations for each indicator on the screenshot. These are not all the indicators I use, but they are the most effective indicators. I also use the Stochastic RSI which is a faster moving than the RSI and helps detect individual swings within the overall trend. Anyway I will try not to get overly complex. Click on the link to see the screenshot and use the plus and minus to make it bigger and smaller to read and examine. 1 Day RSI ======== RSI = Relative Strength Index. The key figures in the RSI indicator are 30 and 70. 30 = Oversold. 70 = Overbought... Vodafone has been in the oversold area (Under 30 for a number of days) Simply buying because a stock is showing under 30 (oversold) on the RSI is bad practice. Why? Because a stock can stay oversold for a long time and continue to down trend. A better strategy is to buy when the stock is pushing "out" over oversold (so moving above 30) as this indicates the money is starting to flow back into the stock. It's also best when the is accompanied with the MACD turning positive (but I will get to that) This is the first place I look, all other indicators follow it..... https://drive.google.com/file/d/0B4JQyW8z7o14NERkVElYNTZNenM/view?usp=sharing

DanielH, Honestly I'm not trying to wind you up mate. Genuinely, but a closed mind is not conducive to making money. Vodafone is one of my trades at the moment, it's in decent profit. But I have placed many other profitable trades that I sometimes bring to the attention of other people who use technical analysis. I never make a recommendation to buy or sell anything. But I've brought stocks to the attention of others in the past who have then gone on to make a lot of money. If I hadn't done that they may not have seen the opportunity. For example I have mentions WPG and RB. on here... I am up more on those two than I am on Vodafone. I stated my analysis prior to the rise too. Sometimes I wish there was an "Off Topic" facility on these boards, as there is on other investment forums. That way the thread could be clearly designated "off topic" to allow others the opportunity to benefit from the opinions of others. The stock market is "very" interlinked. If you miss some information that could seem unrelated to Vodafone because it could be deemed off topic that could be the difference between winning or losing. Anyway we've given our opinions, if you're not happy with the occasional post discussing other market related information then simply scroll past it. The messages can be easily sorted into threads. It actually takes far more time having typing a moaning reply out than it does just to scroll past.

And on a website that offers Spread Betting. Go figure lol

Good idea to short banks if there's a rate rise tomorrow? Usually they rally if a rate rise is announced.

Picket, I'm trading it on the short term I will just as easily switch to long if I see the right technicals. Crude currently struggling with the 200 EMA on the 5 minute chart. He won't have meant $60 for Crude, he'd have meant Brent mate. But the FOMC decision is putting pressure on commodities at the moment, so good chance of the 05/12 Gap being filled. Target $51.6

Picket, Lost count on the number of those types I've seen over the years. I'm in good profit on VOD, WPG and RB. UU. is breaking even, FRES I'll hold and add if it drops to the next support level. Over up another £800 odds on top of the £720 I made this morning. Short Crude now, target $51.6 :-)

I'm still long and holding VOD. Also long WPG both in decent profit. FRES underwater but may hold. Broke even with RB. still holding it's about to go on a run I think. UU. a tiny bit underwater. In profit overall though, and made £720 on a 3 x Leveraged ETF short Crude.