Member Info for Lakshmi888

Gas back down again from the highs......Continues to give whipsaw movements!

Oil not faring too well today.

Nor is cocoa for that matter...

Common theme me thinks............:)

Munchbox54, can you pls show us a chart with 22p and how you came to this conclusion that we are heading there please?

You say that 'resistance' has gone. Surely you would mean 'support'?

There is a lower low and we are currently above that so in effect the next level of support has not yet gone. I

In addition the MMs have shown this to be 1.57% up at 29-30p and yet 5.56% down at 29.5-30p when they have in effect raised the bid. Playing games me thinks;)

GLA:)

Nice finish to a Friday :)

Monthly highs hit:)

Now negative at -6.34%.

Didn't see that coming. Erm, #Much.....!!;)

Wonder if the rampers have disappeared for now until next pump phase...off to AST no doubt and then 'The Next One'...and so on...

Always good for a trade and yday's afternoon drop afforded the opportunity to buy in again at levels indicated good for a rise (technically)....

GL:)

Agree TP:)

Indicators showed it was significantly overbought. And if that wasnt a red flag, the P&D crew/rampers were....:)

LOL, just taken a look at the bb..

There's at least 4-5 of LSE's best known rampers / P&D'rs in there ramping it away currently.....bet they disappear pronto once sp comes down (whenever that may be)....

https://imgur.com/FJULtrk

On the daily this is major overbought!!

This is going to retrace imho. Look at the 3 indicators at the bottom. Sure sign of being overbought/massive spike/possibly even P&D....

I;d defo be banking here-ish personally...

Treacle, just noticed. I think Ive done OMI toronto bah!! I will redo; give me a cple of hrs; have a cple of urgent things to do so will getthe right flamin OMI up...chart looks much easier!

''I remember watching EME last year go from about 9p to 30p over a few days and someone that was in EME is now in Omi saying that they can see that going to 30p too -''

Eeek!! I really wldnt use that as any basis to for trading decisions!! Cld go to 30p but wont be because that guy says so. Be careful and GL:)

Hu Treacle, this is very hard to chart as the lows were hit recently so there is little historic data of it at these levels as they were all time lows until the spike

Ive worked from the lows onwards which provides next to nothing.

Little to say other than overbought, looking for retracement to at least blue rec levels and gap below which I suspect will get filled at some stage.

Wld need more data from next few weeks to get better perepctive in truth of where it cld rise to in the ST though 127.2 fib to 161.8% fibs a possibility but dont hold me to it...

Strange how so many shares are hitting lower lows past few weeks.....

https://imgur.com/xCyPbZz

https://imgur.com/Ira28HU

GL:)

Hi TP. No time limit. Saw a chart on a US bank once that went from single figures with a gap i think to triple figures and over 10-15 yrs later back down and filled the gap!

Apparently it has to do with supply and demand and there is a theory to it. Regardless, I believe in it and have evidence of many many shares and indices where they have been filled.

But each to their own. Definitely seems to work with AIM shares where I guess there is greater volatility so gaps tend to fill quicker in general....

But even with indices currently evidence, whereby SPX has dropepd recently and filled a few gaps. Plenty more to go yet though:)

All!!

Fridaaaaay. Yeaaaah!:)

Enjoy your day:)

Evening Ronin:) You're more than welcome.

Setting KAZ aside, copper itself is a very good indicator of market economics and hence used as a predictor for future economic growth outlook or indeed economic woes etc.

Therefore, asides from a rise/bounce in the near future, my thoughts are that copper itself is notout of the woods. Global turmoil and volatility will only increase imho and EEM is in trouble already.....and until these endless wretched Trade Wars are resolved, commodities in general are going to continue to suffer....AIMHO.

Strangely enough, Trump's tweet today abt W/P misreporting on Trade Wars obviously had an immediate impact on the markets including commods and I noted KAZ dipped thereafter....'synchronicity' :)

https://twitter.com/realDonaldTrump/status/1040242677877551104

https://www.cnbc.com/2018/09/13/reuters-america-metals-copper-rises-on-prospect-of-trade-talks-between-u-s-and-china.html

Of interest from last month:

https://www.cnbc.com/2018/08/15/copper-hits-lowest-level-in-more-than-a-year.html

If you need to find me Ronin re copper etc (I keep up with commods as I trade the US markets), feel free to come onto M bb anytime hereon as best I post there instead re. KAZ/copper/charts etc

I wish everyone in KAZ the best of luck:)

Yes, agree with you. Congress people speaking out against him, past few sessions; we all know his own 'team' dont agree with him; he always likes to shove Muchkin in front of the lions...

This Trade War fiasco is lingering, becoming annoying and tedious, and just something he uses whenever he doesnt get his own way. Acting lke he is a CEO in a boardroom rather than POTUS. #Moron

No worries re OMI. Well done on it :) Cant say 'when' a gap will get filled (but they do) and if it's near 17p, cld take a while but happy to take a look. Dont be expecting miracles though!!

IG ok now thanks and just hokey kokeying into a few specific shares this week along with indices; little but often and all that...

Tata 'til tmrw Treacle:)

Hi Treacle

Only getting on peep's nerves 'now', lol?;) But thingis, seems the majority of the yanks love him for what he is doing for America....stuff the rest of the world!

Indices fly high on release of the news esp following US open and then he tweets at least 'hours and hours' later and claims Washington Post got it wrong. Wonder which Whitehouse they got the leak from....

Load of twaddle! Of course the indices dip for all of 2 secs and back up. In other words they've gained a major rise today on nothing essentially.....

Anyhow, have a nice evening:)

Cldnt make it up:

Trump tweets:

https://twitter.com/realDonaldTrump/status/1040242677877551104

''The Wall Street Journal has it wrong, we are under no pressure to make a deal with China, they are under pressure to make a deal with us. Our markets are surging, theirs are collapsing. We will soon be taking in Billions in Tariffs & making products at home. If we meet, we meet?''

The US markets arent being manipuated in the slightest....going back to post of 10.47am today....I guess he's shorting it currently having just sold at the top, lol.....:)

No change. Maintained at 0.75%........

Non event. As usual.

Holding rates at 0%. No surprise.

Tapering on track:

"After September 2018, the Governing Council will reduce the monthly pace of the net asset purchases to €15 billion until the end of December 2018 and anticipates that, subject to incoming data confirming the medium-term inflation outlook, net purchases will then end."

Hikes rate: From 17,75% to 24%%

https://www.ft.com/content/ea3f778e-b742-11e8-bbc3-ccd7de085ffe

''Turkey’s lira jumped sharply on the news, leaving it up as much as 5.3 per cent on the US dollar from Wednesday’s closing level. Stocks traded in Istanbul also rallied, with the benchmark BIST 100 index up 1.1 per cent and the banks sector rallying 4.2 per cent. ''

USDTRY has gone nuts today (understandably)...........

I did actually reference KAZ in my post not copper however:

''I think we've already commenced the mpulse move as of yday once the corrective (EW) move ended but regardless we've seen a good start to KAZ''

There was clearly no ref. to copper within this statement/content.

I normally look at at a post in context of the content rather than thread title as it is rare as the thread goes on that the content sticks to the title imho;) It's all cool though. Misunderstanding cleared.

Let's move on:)