Member Info for Stupmy

I've dipped my toes in long. Hope I don't regret this.

I think a close below 615 wuold be a worry, but a close below 610 might présage a drop to below 500. I'm currently out, but the beta on this is very attractive.

Same here. I just just filterned a couple more that leaves almost all posts on this forum 'green'.

Any close below 34 might be a bad sign, but a close below 33.6 would really have me concerned if I was long. Which I'm not for the moment.

Still struggling to hold it's support boyo. I'm away for a few days. Be interesting to see if I miss a rise or miss the next leg down.

Looks to me that was likely to happen from TA perspective is going to happen. It doesn't look as if the RNS this morning has done a lot to damage sentiment (shook me out for now mind). Take a look at ENQ, same TA reasoning suggests 20.9 or lower and it's also moving towards resolution of that downside TA target. To clear those gaps out, could be a good thing for subsequent rise. I'll be out of action for a few days but will reassess where we are when I'm back. No big SP shock from that RNS suggests that it didn't surprise many.

I dropped what I had left on open. Feel lucky that I had the opportunity. I'll just watch and see how it settles. That 34.25 I previously mentioned looks even more likely now, but only time will tell where it settles

My head is spinning, good lord looks like it might close above 645 suggesting some long interest/short nerves. I'm on fire (despite not noticing the market had closed!!!). I need a rest.

If it can close above 645, it would be a relief for any longs, but that's not a great support. Thanks Chilt for the short view.

Simply from a TA perspective, I don't think it's unlikley that you'll see the price hit or drop below 485. That's not 300, but it's a point worth examining in detail. Great beta on it!

I'm being careful. 3.5% or so declared shorts and if the price closes below the 610/615 area then 485 looks likely. I'm not currently exposed and will not buy today. I do expect a challenge of that 610 level. Anyone know what's had it drop back so hard today?

I was nowhere near the top getting out around 700, but look to have been right for the pull-back. Getting close to a zone of interest for me and I'll be looking to re-enter, probably next week by the look of things

Starting to look as if we're getting a general correction on the FTSE (and US indices). If that continues, and I think it will, I guess just about everything will come off.

in PoBrent. might be about to see the SP drop to the 34.25 or below levels I mentioned previously. Fingers crrossed! I sold half of my remaining TLW with that view.

Slater, your comment below. They actually publish that figure on their platform. I'm not going looking for it, but from memory I believe that less than 80% of their clients lose money. I have not looked into for example time frame (last mth, over the livetime of a clients account or any other detail). But your 99% figure appears to be plucked from the air.
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IG Index clients typically have an IQ lower than room temperature and lose money 99% of the time…

We could easily see a little pull back on todays rise to 34.25 or lower. I'm trading around this and dropped half of my holding today. I'd probably automatically buy it back at 34.24 or below

There's a good chance of seeing that sort of rise Onedb, but if you look at the bottoming pattern (123 low with a successful back test), then the logical target looks to be around 42. That is just above an upside gap. That doesn't mean that the rise stops there, but looking for decision points at/after that point makes sense as there could be consolidation, pull back or the SP could even just give it up. For me I think there's more chance of seeing 42 than not and that more likely than not we'll see 44-45 and then maybe without news, some consolidation. I'll keep watching and reassessing as we go. I've sold nothing. I'm actually hoping for 47.75 at least, but lets see how the price action goes.

You say it's sad to check it Jan, but it's even sadder that it didn't even strike me as odd that Quest stated 18%

34.1 looks likely. At that price or below, it looks like a speculative trade, or you could wait until there is evidence that the SP action is turning to the upside.

Bit like writing their RNS's like a boiler room outfit then! There is a bad smell here.