Member Info for MrWolf

Well that was an abrupt start to what seemed was going to be a good week.

Just couldn't eat into 160's instead chose to drop back and eat my stop set @152.50 - can't win everytime, knew full well I should have just set it at 152 on the nose lol.

Anyhow its flagged my attention today and so has a few others.

Metro has taken a 50% spank in the last 3 weeks, won't be long before someone jumps all over them with a takeover bid.

Having set a short a few weeks back I have a potential T on metro @ sub 30p.

Same with our Barclays was making all the right noises (chart wise) until mid last week.

Natwest look like they're in for some stick (critical line of support for them @ 228.1) and same as the yank tanks like Gold's and JPM. Goldman have broken their triangle which could also see a 30% drop. JPM's broken their bear flag too.

Getting back on track I had the balance of comfort for us Barclays holders on the limit 0f 152.54 then the waters change.

Im afraid it does not look good for us atm.

With yields exploding globally The US 10yr & 30 yr not seen since 2007

We had a huge smash down in USD/JPY only yesterday and it seems to me it must have been caused by Fed intervention, to jolt USD/JPY from 150 - 147 in a matter of minutes is a big deal.

Without teaching anyone how to suck eggs, banks hold lgov bonds, higher yields equals lower prices and that can only be corrected in the SP of any bank, having said it also affects the Nims and most UK banks are peaking atm.

Just hope the US doesn't see this as another March 23 scenario.

With 6% inflation, no one will be starting the printing press again, unless they want to copy Zimbabwe.

In fact these past 3 days may, may just be the eye of the storm?

Concerning our Barclays, if this past effort is actually a triangle formation, we could easily see a sharp move down.

Sorry if I sound a tad negative today regarding Barcs, can't always pop on here with positive opinions.

We will just need to see if Barcs are strong enough to hold out and settle down, this week is very sticky though.

It will be a matter of keeping a close eye on Russell, usually indicates the path for the other indices.

Must dash that's my down time for today, paws crossed this picks up soon.

GLA

@ JayK - Yes indeed, start em young on the the spanners lol

Not long before the emotional blackmail sets in either, walking away from a row with a 2yr old and feeling guilty lol.

Precious memories, lost sleep and thinking I won't wear that because it will be used as a hanky by a toddler in 20 minutes.

Good luck chap, most can empathise.

Must dash now, take care W'

Elvis has most definitely left the building now, on the morro

We've all been fortunate enough to have some decent opportunities, without the hassle of flying out to The North Shore of Maui, Hawaii to catch them lol.

Not wishing to jynx this fortunate run atm it does appear we are likely to carry up these next sessions (consider outside factors of course) though the trend (1 hr chart) to between 166/8 before falling back to trend around 154/6 (Allowing for some GCSE grade C - fib % adjustments allowed for the buybacks increments) before we actually see the more positive move.

Now, before anyone wishes to skin the wolf, if this pattern does not work out . . . please consider this is only my viewpoint, which I'm happy to share (NOT TO BE USED AS ADVICE MIND YOU) just a viewpoint for anyone who is sitting on a open trade or about to open one and maybe, just maybe has the same mind set.

Been trading Barcs recently primarily on Elliott Wave theory with my Stop set at the end of Wave 1 with the fundamental rule that Wave 4 can not enter Wave 1.

While Wave 4 is usually longer than wave 2.

Having set a stop at 152.50, latest position triggered im looking for a healthy bite into 160's before I close and look to rebuy lower.

Who knows ? this is muddy waters leading upto the 3rd Q results and may even ride further, always DYOR and keep a close eye on the 1hr and 15 min chart for a clearer indication.

We can't always roll 6's lol

@ Mr A - Sorry didnt get back to you sir, was engaged in other matters this weekend and only got back to the yesterday.

NIce to see your still part of the hunt.

Regarding other matters, been there myself chap, difficult part of life's structure, morally the right thing to do though.

Like many others, it's always a pleasure to read your input, though the mention of a Helix set reminds me of a blackboard eraser bouncing off my scone - while I was paying more attention to my marble run, constructed out of text books and rulers inside my desk lol

Times change, we had at least 4 violent, vindictive and sadistic teachers and never once stood a chance of complaining to anyone either. We didn't have a careers officer, we just had someone tell us "No ya can not do that!"

Though like a great quote from Monkey 1979 (currently on itvX both series) currently on demand. . . "Man with grey hair, does not mean he possesses wisdom"

Anyhow, that's me done - taxi

GLA

Don't beat yourself up over the artificial print, they can tweak it anyway they choose to measure it, we all know real inflation is still double figures. Never be fooled by smoke and mirrors my friend.

Good post on X atm by @INVERSIONISM doing the rounds.

Basically a clip from the 80's filming David Rockefeller and his banking friends all laughing about inflation and the USD.

Worth a glance if you have a spare minute.

Deffo logging off now, on the next GLA

Not trading this week apart from a few currency pairs ticking about, BoE dribble set for Thursday again.

See what this week brings us all in way of Barcs SP as we are now on the 200 week average, if we can get a break above that it would be very nice indeed. It wont leave much in the way of 175 if it can.

This recent move is looking very strong like wave 3 action, this is very encouraging.

Just need to see how it attacks it at the end of this week, looking good though.

@Makros - "Calling Mr Wolf" Calling mr Vain comes to mind when I see that header, Culture Beat, us older ones will have that still clunking around our heads lol

@Moby77 - Hi there stranger, eyah Dumb Investor did credit the account on Monday too. Still a cheek though considering the likes of 3rd party companies like CMC and I.G credited Thursday am automatically.

Hope your keeping well.

@Roofer61 - Thats my plan Stan, sensible thing to do and not be a F.O.M.O you seem to have a decent strategy working your sides too.

@ Razzledaz - Hi there, wouldn't have thought so , far too many other impacting factors that affect the SP, before counteracting who cashed in and re' invested, the buy back increments only ad a fraction of support.

The real movers are the top x10 funds when they need to cover other projects and drip feed their sells.

It was very interesting to measure Barcs cap v's Ed B's opening position and off loading, identical and clear as day his vehicle (Sherbourne) had off loaded, crikey that position would not have tasted as nice as he hoped it would have.

Humour on the part of John McF acknowledging Ed's effort for attending his last AGM. Mr B left the QEC fuming that day.

Mind you if Ed B had got on the table, we would have seen a far better SP long ago (Not long lived) but still a higher one than these muppets are capable of atm. Bramson would have gone at Barclays like Clyde the orangutan in Any Which Way but Loose "Strip the caddy Clyde!"

Any how back on track , tings looking mighty fine atm

Off until next week

GLA

Hey Fusion98 - Literally just tidying up loose ends, with this open on the side screen.

So you've joined the "Monkey club" aye.

It turns my stomach every time I donate a "monkey " + to ole J.Hunt in SDRT.

Wondered what happened to you, didn't realise you cleared off and joined the port out and starboard home crew lol.

Few good sites Trading View's got a few sharp cookies on it.

Though I like to plot my own stuff, far too many chefs posting how to make an omelette lol.

Though Im not knocking them, some of the world's finest chef's test their staff on making a simple omelette.

Just watching the prep and skill of a cheese and chive tells you a lot about someone's ability to cook.

Lot like trading in fact.

Good luck with the tokens, do not cash them in at 180 an walk away though, you will regret it. They have far more mileage in them yet, it's just retail confidence crippling us atm, not the books.

Higgins and Venk' need to wind their necks in a chuck out a strong dividend and show some respect.

Once the Barcs board turns that corner, you watch watch happens.

Im T'ing 240 before I step off and start howling.

Im off, train awaits, take care.

@ Fusion98 - Hello stranger, hope your well.

Nice trend / channel on the 1 hr, good indicator if it breaks as per.

@ Roofer61 - Its great how 90% of investors receive their Barcs dividends on time, yet Dumb Investor makes us wait for 3 to 4 days, the irony being the fact Dumb Investor is Barclays.

Maybe we should see who D.I pays out first, we can have add some humour and see who's in favour lol.

@ DrPatience - Well im hoping for a fall back as already mentioned, as its all about the "Fun Coupons lol"

Lastly Boonie ! how the devil are you ? trust all is good and life's treating you kindly , this forum would not be what it is without your input . . . you have become an institutional Barcs blogger lol, Keep well.

As per must dash, Mrs Wolf has just text me "Off out to her fur appointment" GGGRRrrrrr she knows is coupon day .

Shared question, how can a bloke go to the barbers x12's a year and still not get charged as muchas x1 Fur treatment thats Mrs Wolf is quite happy to attend ?

I mean the most I get is a fluffy brush swept across my neck line (post cut), yet Mrs Wolf comes home harping on about chocolates and prosecco !

Might have to order her a pair of £4 clippers off Temu lol.

Off now, GLA

Good morning all

Firstly Id like to share the fact that I'm sat here chuckling to myself.

@ Robina - With my eccentric train of thought and poor gramm'a' I'd be binned off at the AI factory and doubt I would pass the Q.C bot lol. Though your post made me chuckle and has to be the best compliment ever.

@ LWHL - Thank You , very kind. How's the new addition, trust you both getting some kind of normality back about now / very good point about chat boards.

@ Beo1 - Coming from a human, not a bot lol I know the value of a £1 so I do not mind sharing what I see and actually trading at the same time myself, therefore I try not to push advice, just as I Like to put it "Heads up" just to draw attention to what im in at the time. Barclays has a great skill of throwing spanners in the works, like the over selling last year, stunts like that muddy the waters.

@ MCMLXVII - Nice one, only a profit when banked aye.

@ The Reducer - Always a pleasure to read through your input.

@ Brighty1- Loving the infusiasm, we can only wish. Though who knows ?

@ Makros - Your post also raised a chuckle (Tanya from C'Beat) is a really good friend of mine, she's still got a huge following over in Europe and cruise ship gigs.

@ Razzledaz - Yes indeed, hopefully we will all have long awaited smiles.

Getting back on track, having considered closing my previous position at "High end 150's" this last move had legs and felt i'd not lose out pushing a tighter stop, yesterday arvo I was taking care of other issues.

This morning didn't manage to open my screens until half hour back.

Please always DYOR as this has legs atm and could surprise the best of us, though Ive just closed my latest CFD.

Only for the fact I targeted late 150's and this past 48 hrs has been a pleasant bonus, as previously mentioned, there is a lot above to cut though, so i'm happy to sit on my pawsas we should see some E.W. 3,4,5 hesitation.

Who knows though, all it takes is the US to flit onto Barcs, its their funds that are keeping us afloat and not the the Qataris anymore.

Afternoon Razzledaz,

Trust this day finds you well and in profit.

Not sure about Mr A though, he usually follows my paw prints on a move like we just had.

Do hope he's ok ?

Just logged on to mention I've pushed up a tight S as this was my intended T, we have our old friend (200 EMA) sat right on our scone.

Which usually allows a bit of a stab into itself at this level, we have a lot of resistance overhead, though we have moved with some power.

Just hoping for the next few weeks to pan out as previously posted, then down to recent support.

Double bubble as most of us should have the last dividend thrown off the table tomorrow.

Despite Barclays Dumb Investors will no doubt see it land in their account by Tuesday / Wednesday next week.

As per Honkey Tonks, im all done for today.

GLA

Ok now we have broken out of the 1hr descending trend from the 152 back down to 146, back at the 1 hr trend . . . "dribbling back down to the mid 140's"

Straight back up into +152's.

Breaking out through 150 (top of the descending 1hr trend) we need to see a show of strength these next few days.

We should see the upper 150's out of this, followed by a 3,4,5 adjustment.

Which hopefully will have support back around 152 / 153 and set up the next move.

This of course is not expected in the next 48 hrs lol and as per should / will adjust through the next 4 weeks.

Plus one needs to consider factor in the usual interference.

Though we will start to see this formation and without giving any advice (strictly my personal opinion only) we should all be quids in sooner rather than later.

Holding Barclays shares for dividends is not profitable at the moment whilst Mr and Mr Average can walk into any Santander branch and watch +5% fall in their laps each month !

So Barclays BoD's need to start being professional Bankers and not Greedy W@11k35$ , because it's bloody painful supporting Barclays atm.

Off now, done for today.

As per GLA

@ Good Morning Makros (and everyone else of course) firstly sorry for the delay in replying, its as and when my attention is drawn to my Barcs trade as and when the (pre set) alerts notify me.

Good question and point made by yourself, though without giving too much up, yes I have plenty of "Skin / fur" invested in Barcs, for many years in fact.

Though I gave up personalising my trades years back.

My disgust in the boards inept management will never change though.

In fact if one had anymore "Skin" invested here, they all shout "Four!" at me when I cut across the golf course lol.

Patronising and trying to teach others how to suck eggs is not my objection, though when I do pop in here it's usually to give a heads up to other regular users.

Some of which day trade, some of which jump in and out with any potential momentum short term and a few long term holders.

For which I have accounts open owning Barcs from way back pre L.B's crash in fact, while I also use Contracts for short term lumpier positions (which paid a nice dividend adjustment weeks back now) like day trading spreads also.

In fact the last time I gave a heads up, was a response to Razzledaz back on the 4th of Sep posted at 15.48.

Mentioning that. . . "Barcs chart had formed a perfect Elliot Wave 4th and forming the (Amber light) which would have a lot of people breaking down their 1hr and 15 minute charts .

Instead it seems there is support set in around mid 140's.

Always DYOR though im sat looking at W5 at 152.70 /153 then the usual dribble back into 146/7 and hopefully a move back up"

Which may I ad was actually posted originally on the 1st Sep ar 09.49 (which if any had made the own decision to break down their 1hr and 15 min charts and notice the obvious pattern in front of them, they too would have potentially gained +4% move which would given every opportunity to cash in, let it run or set a comfortable stop.

In fact without sounding off (which is not what i'm about) if you take the time to go back though my "heads up" posts and run them against post data, think you will find I have Barclays T'd off nicely.

The one and only reason I take the time to pop in every now and then, is solely to share an opinion with those who may or may not have noticed it themselves.

We all start somewhere and I can recall the early days of trading like it was last week.

Hence I pop in and out.

Regards W'

Correction * Good afternoon, did start clawing the keyboard at 11.40 and flitted between screens.

@CrunchyNuts - Morning, hope your well, as the Aussies like to say "She'll be right mate!" all will come good in the end.

@Bhavik - Good link, published over on Trading View, Tv's a good site to use, good for charting and data. Some close friends use TV for their own personal charts.

@ Robina - "Bayesian" umm ? Never ever invest in Barclays if you are working on just probabilities.

Mind you if you have set Fib' up correctly there is many a time Barcs sp performs like a circus monkey lol.

@Paultokyo29 - Yes indeed and awaiting pre/post 24th Oct Q3 so I can set up for any potential build into Finals 2024.

This past month as always is just a matter of seeing the can get kicked around the playground.

We should see some potential (momentum) earners soon, though let's face it, trading Barclays stock is and always will be a slow trade lol.

Least these buys have prevented the SP from dribbling down around 125, though its messes with small time charting and prevents people like me having the odd "Smash and grab" confirmations.

Which will turn around now people are getting back to work, plus we got the ole traditional date of St Ledgers in a few weeks.

Off now they're waking up over the pond, which hopefully equals more "Fun coupons" lol

GLA

Hi Razzledaz , sorry for abbreviations.

Basically was mentioning that Barcs chart had formed a perfect Elliot Wave 4th and forming the (Amber light) which would have a lot of people breaking down their 1hr and 15 minute charts .

As posted and clearly obvious to many others, without buybacks Barcs could well have dribbled back into mid 120's.

Instead it seems there is support set in around mid 140's.

Always DYOR though im sat looking at W5 at 152.70 /153 then the usual dribble back into 146/7 and hopefully a move back up.

As per, just logged in to reply, off now.

Regards W'

GLA

Quick in and out, logging off after I,ve fingered the mouse.

Few of you may wish to watch the 15 min chart or set alerts.

We have a perfect W4 & Bull Flag atm . . . Hope it raises a few smiles.

"Nobody Knows If A Stock's Going Up, Down Or Fluffing Sideways, Least Of All Stockbrokers. But We Have To Pretend We Know." Ole Belfort.

Have a great weekend GLA

Morning honkey tonks, literally a quick in and out as away atm.

@JayK - big congrats there to you both, you will need to set up a link for gifts, so I can forward a baby grow over. On the front it has " I've done 9 months inside, my mum and dad just got life" lol

@MrA _ Yep, keep the pencil and ruler at hand, we will have another chance, before the donkey plods some more.

Just don't copy the constipated mathematician and work out the answer using that pencil.

@LWHL- Cheers but its a regular occurrence most days i'm afraid, as long as the books balance and Mrs W' doesn't have to go out worrying the local livestock, we are all good.

Current factors to consider atm which reflects on current sp and Ex div adjustments.

"The Buy-back will commence on 28 July 2023 and end no later than 27 January 2024 (subject to regulatory approval remaining in place). The purpose of the Buy-back is to reduce the share capital of the Company and therefore Ordinary Shares purchased under the Buy-back will be cancelled"

We can all see the pattern Citi have set up over the next few months, it isn't rocket science and quite frankly just counteracts itself.

Theoretically this in most cases, would be a good decision for the like of a decent, well run bank.

Sadly not in our case, it's the investors and only, the investment sentiment that will grow the sp, not buy backs in the short term.

We need to see far more respect shown to the back bone investors of Barclays, not hot air gestures of weak buybacks.

Its investor sentiment that builds a share price and BoD's are inept at the fact they need to admit they are wrong and bad performance, falls at their feet / trough !

Expect a bit of chop until everyone gets back from holiday mode, same every year.

So sticking to my rig and wish everyone a good day.

GLA

@ LWHL - Good morning, yes certainly not short lol, it was more of a reply, as in every case set in the back of my mind, there maybe a newbie thinking great guns, "nanna where's ya gold teeth im off to cash converters and then buy some Barcs shares"

Id hate to influence someone, as we all know too well, any position can go wrong at any time.

Hence I usually make a reference to the possible negative side of any potential position.

Most of the time I set the trigger alert and forget about it, move on to my next trade, though Barclays is the only permanent trade I hold long term.

For me, trading income offsets Mrs Wolf when she runs a riot in Adli's (always blows the £10 limit per visit) hence I trade to cushion the blow lol.

Even I take knocks.

Eg. Tuesday morning , got distracted and closed out (FX pair trade) for a loss of £2360 within minutes of opening.

What really stung was it actually flipped into profit a short while later - gutted lol.

Anyhow, must dash, mad day and i'm off now.

GL and have a great weekend

It was roughly this time last year (End of July in fact) was sharing this past years "Rig"

Under the header "Don't get too excited -Barcs seems to be forming a some nice patterns atm, few Elliot markers have touched nicely too.

It does look to be triangulating again so if we see the next 170 / 165 rebound 10 /15 points getting to test early 160's down to support levels into Sep and Oct, we could all be sitting watching a breach of (Wave C ) of which cuts into 135 & slippage towards the end of the year (which it did with perfection).

As I said "Don't shoot the messenger" as this would be one hell of a strong move that most funds buy into for the strong leg up to P (214.18 +) - (Where one may have macronied one's boxer on that spec as we only hit 193 pre end of year)

Ended up laying in wait for a couple of months for that to land, just hope this year runs as smooth too !

For all our sakes.

@ The Reducer . . . totally understand how you feel there chap, we've all been in the Barclays boat and trying to bail out water, as fast as the BoD's all standing on the top deck taking a p155 onto our lower deck.

Im still holding an account from pre crash days (something to offset the others + accounts with) the day I cash that one is the day I open my Sinatra Century Jack Daniels and before anyone asks, no I won't be pouring coke into it either lol.

Anyhow i'm long over done today, chin up and good luck.

Off now GLA

Firstly "Hi" to The Hangover 's Wolfpack lol

@ LWHL - Think I may have need more expansion in that comment, it was a brief one to The Jezmaster post If we do not see this pan out and it breaches, we will potentially see more damage, could even the potential (Daily chart downtrend) into 120's . It is always and always will be a case of placing trades as and when the break out or rebound off S or R.

Thought I was obvious as to my previous posts . . . Hence soon as we reflected off the 4hr and down the 15 min for confirmation, one was opening "The mint sauce"

Took my fill yesterday just after 4ish.

HI Jay & Nice to see you back mr A.

In fairness I did post on the 28th July at 13.15 what my current rig was - "Currently we are looking at a basic E.W set up, of which 4 (past 48 hrs action) up into 5 (mid 160's) which is about to reflect nicely off the 4hr diagonal.

Hopefully a breather off the above 4 hr diag' and take us back up again.

Obviously each to their own and always DYOR . . . but thats my rig at this current moment."

I felt it only fair to post the potential downside yesterday to Zedmaster incase others weren't paying attention to the potential declining daily.

It wasnt my "rig" or id have posted I was looking to short, which as many others on here no I share my "rig" as 9/10 times it pays off.

Paws crossed we see this one going well too.

Nice div adjustment showed up on the account this morning from Lloyds, "winner, winner chicken dinner"

Regards W

@Jezmaster - Well I hope so lol, im in the same boat as everyone else lol

If we do not see this pan out and it breaches, we will potentially see more damage, could even the potential (Daily chart downtrend) into 120's .

It is always and always will be a case of placing trades as and when the break out or rebound off S or R.

Bit of action to cut through this week and see how it pans out.

Always have in mind, we are trying to collect small change in front of algo controlled bulldozers.

Got to dash now.

Regards W'