Member Info for Lakshmi888

Dont mention LFC. Not impressed with last 2 games. If they had anything about them, they wld have taken those 2 games as a gift and taken all 6 points, instead we;ve lost 4 as far as im concerned. Better hadnt come back to haunt us end of season, bah :(((

GGP personally I wld have banked or at least sliced out at 2p+. Not followed it lately but GL:)

TC, not followed either but may never come down to your level in which case, dont chase it now:)

Ask any q's re my charts and will try to answer time permitting. Tarets the key points to take away though; e'thing else is noise;)

Atb:)

https://www.cnbc.com/2019/02/06/mnuchin-says-fed-chief-powell-gave-trump-an-overview-of-the-economy-at-white-house-dinner.html

When the h*ll is a meeting b/w Powell and Trump going to be ever 'casual' when Trump no doubt wants to fire Powell and Powell has only caved in recently b/c of pressure from Trump who knows Powell/Fed may still yet do another 180 turn in March....

Really has become The Muppet Show............

#Idiots

https://www.cnbc.com/2019/02/06/steven-mnuchin-says-trade-talks-very-productive-so-far-confirms-hes-headed-to-beijing-next-week.html
(AKA: Bog All is getting achieved so far)

https://www.cnbc.com/2019/02/06/treasury-secretary-steve-mnuchin.html

And the need to stress this is b/c.........b/c..........it's **not** working by any chance?!

https://www.bbc.co.uk/news/world-us-canada-47139969

https://edition.cnn.com/2019/02/06/politics/donald-trump-state-of-the-union-address/index.html

Current Potential Reversal Zone continuing to hold SPX. Today shd be interesting....

https://imgur.com/a/ejJWiL7

Aftrn Chippy. Hope you're well:)

Corporate Bond

Holding so far; need for drop to commence...

https://imgur.com/a/Usm0g7X

That's fine; each to their own, not really bothered abt disputing other's calls as just a waste of time; more focused on concentrating on my own trades/charts :)

That said, why not post a chart to show your fibs, resistance and support levels etc? Be 'interesting to see'.

You're all more than welcome! :)

I doubt 23p will be the resistance imho. *IF* we continue from here w'out any p/back, then it is likely we will fill the gap next and hi the 2nd target before encompassing any major resistance so more likely to be 27-28p+ ish to be next resistance level but let's see.....:)

Also note that the handle can be very shallow as per the link so FUM cld simply just continue with dips/pullbacks being minor but time will tell. I'd like to see 2nd target hit first and then reassess.

Best of luck to e'one:)

tanking again

Uh-oh....good FX indicator/predictor of economical situation....

Oppsie, wrong chart.

Start again, all 3 targets hit...too early for moi...

https://imgur.com/KQcQuev

GM Tro. No problem.

Just keep an eye on B level. Above there and it's ok but wanted to pre-warn you just in case....best of luck with it:)

All 3 targets hit. Shame the US indices wont adhere to the pathways so well

https://imgur.com/a/KnKgEZG

GLA:)

Lol, Thomas.

Unfort'y not e'one has your way of thinking re charts etc but totally agree with you;) Thanks and GL:)

Lastly I have included the (Upper) Gap and Moving Averages - MAs.

Gaps form when there is no price movement and a share opens, or moves suddenly, at a price significantly different to where it closed or previously was.

That‘s normally due to an RNS or some important news. Bad news will leave an upper gap to be filled as the share will open up at a lower sp; good news normally means opening higher/spike up and hence a lower gap is left which needs to be filled eventually.

The gap for FUM is between 1st and 2nd target thus reinforcing the probability of it being filled.

The MAs are used to give the moving averages of a share over a period of days so 20MA is the average sp over the past 20 days and so on. The 200MA was approaching the 38.2% fib which is a significant fib as is the 61.8% fib and you tend to keep an eye on these levels as sp of a share moves towards these.

Isolated, all of this can mean very little; put it together and it builds up a picture.

Normally I use harmonics in isolation (lazy, limited time, trading etc) and also as I have found them to be very accurate on their own (mostly) but as I am holding in FUM longer than I ordinarily do, Ive been adding other techs to keep monitoring it regularly and keep pis on here updated also.

There's also oscillators but I havent yet included those so slap on the wrist, I should...:(

Hope that makes a little sense for those interested/who inquired. Those who didn’t/aren’t…blame the others, lol! :)
GLA.

The second chart below shows that a Cup and Handle is forming.

https://imgur.com/Yl5CLtq

The handle is just a depiction as it hasnt yet formed so obviously we will have to wait and see where and when it forms and how deep it is i.e how far FUM will dip (if at all).

This is known as a continuation pattern and typically is bullish i.e. the current trend is likely to continue for the foreseeable.

https://www.investopedia.com/terms/c/cupandhandle.asp

Like any share, FUM will retrace (dip) and that will form the handle before it then resumes its upward trend.

No-one can say for sure where or when the handle will start but I am hoping we hit the second target before the handle formation commences. If that is the case, I have worked out the height of the third target using the cup as shown in the chart.....which coincidentally aligns with the third target obtained from the harmonic pattern, so fingers crossed!

Figured I'd post some simple techie stuff now before I get booted off tmrw by the non believers, lol! :)

https://imgur.com/9UFyscj

I use harmonics, patterns of defined ranges, to see what a share is doing, gauge a pattern and use it to predict what it is likely to do ie rise or drop and to what extent and over what timescale.

FUM formed a Crab (above) which has the deepest retrace (fall in this case) at its termination point (D) also known as PRZ ie the Potential Reversal Zone where the trend reverses. Once it hit that level, I was 95%+ certain it would start rising from there.

You then use each harmonic once completed to work out targets and the 3 targets shown are what I gauged from the pattern FUM formed hence I bought in.

The chart is a Daily t/f which means longer timescales than say 1, 2 and 4 hr timeframes (t/f). That said however, FUM has hit its first target much quicker than I wld have imagined:)

Tro, this is for you (from yday)

Wres needs to make sure it doesnt fall below B so in a way this chart is premature as long as Wres remains above the level of B, else....

Thisis the daily chart so longer term
https://imgur.com/WUQlf7U

Hourly:
https://imgur.com/0LGfObe

Again, B needs to hold

GL:)

Im not reluctant to explain it b/c ppl wld hold it against me; I dont care! I just cant be bothered as the listed targets are normally the most important points.

In any case, my targets are stated clearly on the charts so every time I put a chart 'out there', anyone can use/hold it against me with or without an explanation;)

Point is I put my charts out there ahead of the targets being hit so ppl can hopefully make £££ and b/c I despise all these muppets who always claim to have got in at the lows and out at the highs AFTER the event but rarely say it beforehand nor the targets the specific share is going to hit.

I started putting FUM charts with the same 3 targets out in ~Dec when it was near lows but most didnt believe me, lol... Dont care. Always the way...GL:)