Member Info for Just_My_Opinions

Who are the Goldman Sachs people going to be in Trumps administration?

I'm struggling to think of an "imminent" reason for the US markets to correct, other than valuations being pretty high. There's nothing immediately pressing. The market expects the rate rise... only think I can think of is if it's not a 0.25% rise, if it's a 0.5% rise with the Fed. But I think the chances of that are slim to none, they will want to do it gradually.

I think the Dow will hit 20,000. The momentum is strong, and I think a lot of traders will have that as a psychological level.

Right good night, hopefully we get a run tomorrow... chart is nice.

bail*

Don't have one yet... will watch it for signs of weakness, and bale when I think it's time. By the way, the 3Oil trade I'm lining up (might not happen) but it's the 1 hour chart for it. Waiting for the RSI to reach under 30 and the Wave Trend Oscillator to be oversold too preferably.... The hourly is fairly reliable for this big mover.

I was right to get out, but wrong not to get back in when it dropped again. Albeit there was no indication of it going up other than a disorderly basing pattern. With what I see on the 1 Day chart though, looks like it's time to sit back and ride it out for a swing trade.

weakness*

Watching 3OIL for more Crude weekness ahead of the non-Opec meeting. Looks to open down quite a bit, if it enters oversold on the RSI I'll go long for the non-Opec meeting... if this is a good result, 3Oil will rocket. But I expect it to tank tomorrow if Crude doesn't go on a run pre London opening.

Went long FRES and WPG... As long as Gold doesn't take a tanking overnight, this will be a nice trade too... Gold having a bit of rest bite after the sell off. WPG bought as a speculative play based on fairly strong support at current levels, might be a little early on it, but in at around 256p

Closed AZN on a slight loss... that's a hot potato at the moment.

RSI on the 1 day chart has finally broken out above 30 = Usually a good sign MACD has only just turned positive on the 1 Day chart = Also a good sign I'm back in at 195p by the way haha

Oops posted it twice, browser hang

DH, As said previously Brexit affects Vodafone stocks whether you like it or not. Most of you posts are moaning at me, instead of talking about Vodafone stocks. Don't throw stones in Glass houses.

DH, As said previously Brexit affects Vodafone stocks whether you like it or not. Most of you posts are moaning at me, instead of talking about Vodafone stocks. Don't throw stones in Glass houses.

The best indicator for trends is the ADX and Di (two combined). I use it on TradingView.com ADX 25 and above is a strong trend. And often when the +Di crosses the -Di this is time to buy. But it's a lagging indicator so should be used in conjunction with resistance levels and RSI as a minimum.

"this is very unusual as most chartist know at rsi 70 you sell and rsi 30 you buy" Most chartists would be wrong then mate, you don't just buy because it's oversold (under 30). You buy when it's breaking out of oversold as it limits the risk. A stock can stay oversold for a long time whilst the downtrend continues. Albeit sometimes I'm guilty of not taking my own advice on that haha. " So far vod has an rsi of 20 this is very unusual, 20 for a ftse 100 is unheard of though does happen rarely." I assume your time frame for the chart is "daily"? It's 22.75 on the daily. It's not unheard of at all for a FTSE 100 company mate. There's loads cycle in and out of the 20's on the RSI regularly. There's 11 stocks in the 20's (Oversold) on the RSI on the FTSE 100 at the moment. When I can be bothered I'll start looking for target buy prices for them, but knackered at the moment, so just going to stick the PS4 on and play a bit of Titan Wars 2 haha But there you are, some stocks going cheap (that need further research) don't say I'm not good to you hehe :-) VOD = 22.75 SGE = 22.45 AZN = 26.02 RB. = 27.08 GSK = 27.46 JMAT = 27.53 MDC = 29.69 LSE = 28.14 WPG = 29.54 FRES = 29.47 DGE = 29.69

Danny, I try to check the entire FTSE 100 stocks and occasionally some mid caps for entry points. So I might not come back to ITV for a while. I'm placing lots of smaller trades at the moment growing my pots slowly... Oil is where the big movements are at the moment... I'm watching 3ois and 3Oil for an entry on the hourly charts. Those two are leveraged ETF at 3 X leverage. These are very risky, but provide big returns when called right, so I'm waiting on high probability trades for those, only need a couple of times a month to make a decent return I considered shorting Crude via 3OIS yesterday, as Crude tends to follow the lead of Brent. And I figured the psychological ceiling for Brent was around $55. I had told myself I would open the short if the MACD turned positive on 3Ois as it was already oversold on the RSI daily. But I hesitated for too long, plus I was out for a number of hours today and it reached 8% up today. So now I need to wait to see which side is compelling. There's a pull back at the moment due to the 09/12 non-Opec meeting. I'll wait on a decent setup on "RSI, and Wave Trend Oscillator bottoming, and aim to go long on either the short or long version as the MACD is turning positive. Returns can be 5 - 10% easily on each trade if called right. But strong risk management is needed as the losses can be big if not sticking to rules.

Nims, What are you using on your charts to give you that buy signal? Would be nice if you could state your rationale, since 192p has already been hit yesterday.

Char, I see you're still up on your imaginary high horse... no one has disagreed with you... so why you trying to tell us all you told us so, when no one has disagreed with your main point in the first place?