Member Info for Velo

Yes, that's the vid, Bazzaman, although she's not revealing anything new it's quite a dramatic headline to whet the appetite.

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Looks like that Bullish Harami candlestick close last night has decided its behaving inside it's 80% accuracy range at the moment LOL!
(Distribution volume metric still a bit angry looking though, but I think on this occasion candlesticks have shown it the door as they've got back up with other confirmations.

And pleased Stoodio is sticking to the rules. Friday night close is where it's at as the last trading day of Feb.
Happy with progress so far even if Friday night closes here or a bit less it still all fits within the total average for Jan&Feb when the average for both months as a single event are taken into account.

Thank you AF&Games,

Felt I could have offered better( if request was a bit more specific) but too busy tonight; hence back here late checking out other stuff (IC below).

Once you become familiar with a chart site's platform, MACD would suit you well (Moving Average Convergence Divergence) v accurate - and somewhat prophetic.

And you'll never regret Stochastics, but I find it a bit too fast even though I have the slow version. On YouTube there's an American lady who demonstrates it (a very auntie type and if it's still on Youtube she has a clip up called The most accurate indicator I have ever used - and she's right :)

But again, whatever suits - as said I'm not entirely comfortable with it so have alternatives that do the exact same job. And so it goes on. TA indicators that work well then start to irritate and finally you discover something similar that fits your style better - experimentation is the only way.

For instance, there are candlestick patterns with a bullish reading for SLP tonight, but volume has gone into distribution and thus bearish for SLP. Which will prevail? Reading candlesticks regularly shows that far from the books extolling them, I find a 20% failure rate - higher with SLP - but wouldn't be without them :)

The accumulation/distribution indicator is pretty accurate but has a slow burn accuracy like tonight it being bearish against SLP and often half a month expires before the "victim" succumbs to a bearish retrace that was indicated by it.
(It usually stays in distribution until the poison reaches the victim's heart.
Maybe it's related to a poisonous snake :) But I love it.

So I end up using the whole range of my ma trends as my north star - and allow plenty of leeway. They're dead easy too. Trends all the way for me, even though I'm taking in the TA indicators sublimely without being aware, as I concentrate on my fav's - the trend lines.

The answer to the header - is yes!

3 Days of failed getaways. Target to attain was the closest ever so far this week; but came up empty handed!

The trouble is BT is short of a key trend line (the intermediate trend line) to complete the full hand, and worse the currently still bullish Ultra Short trend is closing in fast as if seeking to cross to the downside at this rate.

Not forgetting the 'Ultra' Long tern trend is not in any mood for changing tack either.

I've been putting all my faith in the Long Term Trend, coupled with the short term trend which carry on remaining bullish as do the medium and 200 day trends. So a bit iffy on trends; a split house.

Not giving up because the Long term trend isn't.

Been reviewing how far I'm prepared to take this. A close on 127 today
- and I'd have been out first thing in the morning.

One of the reasons I'm still in profit after various positions in BT over the years is that when things turned sour, I behaved with military ruthlessness and instantly admitted I'd got it wrong and closed my position, with the result of only wee-tiny losses in the low triple figures, despite several thousands in stake money at risk on each occasion. Wish I could have acted like that on all other positions in a variety of other stocks over the years as with hindsight holding on to losing positions cost thousands in each losing hand - but never suffered a heavy defeat in BT
- always did a runner and got out pronto thus preserving the dwindling original profit from back in the day.

Been using the same trend lines elsewhere and currently sitting on a near 140% gain on one precious metal commodity and a bit less than that in another commodity miner. But have to admit - both those have all the trends in bullish territory. Here on BT I have a couple that are AWOL.

Thought as long as I have the Long term trend on side, together with the Short term trend and the medium term - I could hack it, but that intermediate trend is causing a fuss - then again so is that mighty Ultra long term trend as both are bearish. See? Need the full Monty when on the attack.

I still think the long term trend will ultimately prevail. But if another fail tomorrow, will start planning an evacuation before being over run by the hordes.

Sigh: Thursday -

Need ( well this is surprising) similar again: Need a close on 133

Defo game over if it's a close on 128.

And another night in the moat under the drawbridge if it's a close on 130.

See that? Not going the bears way either is it? Similar numbers all week long. Knife edge!

Come on Long Term trend - do me another precious metals number again.

Still busy - so laters tonight.

127? Stop using foul language on LSE.

Knife edge.

But not giving up.

Robin says it was different in his TV Series - he said he always kicked the rrrses of the Normans back then.

If only we could get him a towel.

Concludes >>

. . . And just realised the TA book I had in mind is not about trend lines but only contains a chapter on it - also it's dated 2005 or so :) It's mainly technical indicators but I bought it from eBay s/hand yonks ago for £3 delivered - checking eBay tonight they want a lot so reluctant to advise it. I could get a PDF copy for free but it's getting it to you as a 300+page pdf won't go through email.

In other words although I possess a prodigious amount of investing books, there's no one book that would be "the best" they're just what caught my interest maybe after a mention on the internet or somewhere.

Said you wouldn't like my reply didn't I? :)

Start with YouTube and also search online for free charting sites. Tradingview is popular - but again it doesn't suit me
- but Stockcharts.com fits me like a glove.

Hi AllFunAndGames,

First off, I was dreading someone asking because it means they've seen something, or taken something I've boasted about as "proof" there is some sort of strategy to make money on the stock market. If so that would be a misconception. It's just another tool in addition to fundamentals. (So I need to tone down what I post :)

Also, I'm doubtful of any request that includes giving it a go about all technical analysis. That's like saying - what do you recommend about car mechanics, full electrical vehicle wiring, and repairing vehicle bodywork books, websites and material as I'd like to try it?

I don't bother with 75% of technical indicators, only a few after experimenting on a couple. AND that's what I recommend you do - experiment. Visit a free charting site say Tradingview.com and just experiment - there are instructions on all the free charting sites. I pay subscription fees for programming as well and that site is StockCharts.com a US site so suffixes (.L) needed on UK epic codes. ADVFN and Investing.com also provide charting tools.

Also, you need to already have an interest and already used to roping your way through basic charts, (do you have a favourite free tools chart site? If you're asking you already should have, and not wait like a chick in a nest waiting to be fed:) and already familiar with some technical indicators from random trial and error. I'm self taught 100% from Googling and to this day I'm often up until gone well past midnight reviewing stocks using them. So the desire has to be there, as if all you're seeking is trying something new, you're going to be disappointed. I eat, sleep and sheet them obsessively, and mostly focus on moving average trend lines, and can't recall a specific book on them.

Everything you need , visually, believe it or not - is on YouTube - EVERYTHING! Nothing stopping you - and Googling too! And that's the website recommendation - Youtube!

Just Google anything in technical analysis or "stock market charts" or moving average trends, and all you seek will be there instantly. There is no one way that is better than another, just what suits you better. So trial and error is a must. You can't break anything just get Googling.

A moving average is a moving average. All YouTube does is have presenters saying this is all you need for success. Another will say the same but show a different data range as the best one. If I made a video then the 20 day and 200 day averages would be my 'all you need' video - because it fits my particular style of investing.

And just realised the TA book I had in mind is not about trend lines but only contains a chapter on it - also it's dated 2005 or so :) It's mainly technical indicators but I bought it from eBay s/hand yonks ago for £3 delivered - checking eBay tonight they want a lot so reluctant to advise it. I could get a PDF copy for free but it's getting it to you as a 350+page pdf won't go through email.
Continues >>>

All, F&Games,

Busy now so will try and come back to you later tonight. Dreading a post like yours :) Thought it was going to come from gilo just then.

However will give you one book and one website, (because your post suggests to me you desire the one 'true' source, the one magic silver bullet that will reveal the secrets of universe like no other that has gone before :)

And I already know you won't like my reply or the website but the website is obvious if you think about it - but a book a website and some direction, it will be.

Laters :)

Oh no. Geezaloo!! 1, 2, friggin' 9 - ?!?

- Who let the dog's out eh? Who? Who? Tsk! Tsk! Tsk!

Gilo - Quite a variety of instruments, but predominately I rely on moving averages of which I have numerous value time-frame setup's for differing situations.

Thank you for the validatory response Stoodio. Appreciated.

Just wish the same could be said for my actual performance as seem to be stuck in 6 figure portfolios for too long now, with the prospect of ever achieving 7 figure portfolios further away from achieving than ever; partly explained by my timidity of holding far too much cash earning zero.
Hence why I'm here in a precious metal producer - to 'up' my risk/reward tolerance.

Just checked the seasonality charts after the wee jolt yesterday and they're still up for coming in on budget.

Your 125 is still on the cards Stoodio.

Don't take no for an answer if someone points out you've only got 2 & half days left.

Seasonality data is still singing from the same hymn sheet :)

(Candlesticks are stabbing you in the back though) so it's candlesticks v seasonality duels at dawn.

" Having been in since 6p the urge to sell and be happy certainly exists in the back of my mind. But I have time on my hands and do not belong to the reddit crew - therefore I shall remain here until I reach my TP then take a view :)"

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Yes exit plans are best thought out in advance.

Here's my selling strategy in which I have no emotional decisions to make :)
Pretty much the bulk of what you say but no TP.

I sell when my trend lines start packing up and rolling up their tents, and start off down the mountain waving back to me, catching my attention to make sure I've seen them moving off.

I stay as long as they do. And I depart when they depart.
(Unfortunately that virtually guarantees I miss selling at the absolute top as they're lagging specialists by nature).

- But usually sell in part-tranches in case I've made a mistake and misread their intentions.

I do have provisional TP's but if the trend lines shake their heads No at me - I'm compelled to obey them and await further instructions.

It only ever all goes wrong when I let human emotional decisions get in the way.

And that pretty much is, I guess, the definition of a Trend Follower :)

" theeeere she goes :) "

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:)
When 110 was on screen this morning I was reasonably confident the SP would not fall through and bounce off the smaller but highly significant trend line which is sitting on 110 (as it mostly does as that trend line rises through each of the subsequent higher prices on its bullish trajectory.

And when it did I smiled and sang:

I love it. I love it. I love it. - I DON'T CARE - I love it. I love it. I love it. - I DON'T CARE - I......

Love it - The 20 day average :)

" do you guys not think that based on the simple fundamental view that we are undervalued, are making a sh it tonne of money and the general sentiment regarding PGMs, defecits, lack of new resources and surging demand (for a variety of technologies) somewhat underpins a sustained movement to the upside with a few twists and turns? I do. "

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Morning Stoodio,

In the longer term definitely as all in all, yes I do - and the huge divergence fof the SP from THE major 200 trend line remains just a "concern " as these bullish divergences from the 200 can stay like that for a long, long, really long time.
I believe March to June may not offer the same size of SP increases as has been enjoyed in the historically big months of July/August and Jan/Feb - so for my own sake alone I'm hoping fate takes the somewhat milder route out of my own dilema. But that's all just my 'opinion only'/a concern - and definitely not a change to a bearish turn of mind.

Timely points Nimrod, and also reminiscent of something I alluded to some months back that still concerns me (And also perhaps explains why you posted the other day of part-selling some SLP stock whilst the SP is riding high).

My concern that I posted of awhile back, was that whilst I'm on the lookout for desirable topping-up opportunities on substantial pull backs, I have been somewhat alarmed by the increasing divergence in the stellar performance of the 'runaway' SP from some notable long term bullish  trends. Whenever such conditions arise It's always beneficial to keep in the back of one's mind that a reversion to the mean (but still remain bullish) often makes an occurance.

I had determined that a most likely period should that situation accrue, could be in the period from March to June this year. You can never know precisely when such an occurance will take place, just that it's more likely than not, but it's never a rush. The scenario you highlight sounds like that possible catalyst for just such an event.

From my personal POV, the painless way out of such an event is for the SP to become rangebound from March to June so that the longer term trends get a chance to play catch up.

The painful way is, as suggested in your post, that a retrace takes place in the SP and rectifies the situation by the SP retracing down to meet the more powerful, longer term trends and thus reintroduce balance into the universe, and subsequently, the bull trend can then re-continue with more decorum than previously.

The SP is still undervalued in PE terms compared to its industry average and so does offer some protection from the worst effects of your post and the scenario of a mean reversion, which I'm highlighting, too.

Unprepared, and it can be a false bear trap as one could miss out on a bonanza topping-up opportunity due to believing it to be a retrograde step in fortunes, unless forearmed beforehand.

PS. Was well surprised that 133 came up as tomorrow's first target as with a close of 132.30 that's the smallest stretch from a close so far, and just a sneeze away from the first resistance.

Surely on the third attempt that should be eminently achievable tomorrow?

Shivering and freezing in this moat Raymondo, so misread your second post. That means we're all set for the far bank tomorrow then? Yay! :)

Robin tells me to ask you if you happen to run into his Merry Men, tell them to pull their finger out and shift themselves down here! He's pretty p!ssed it's taking them what will be, now 3 days to arrive.

Well your first post gave me reassurance Raymondo, then you promptly whipped it away from me in the second post :) Throw us a swim ring down here will ya', it's going to be a long night.

And thanks to Maid Marion below for updating us on the tech rotation business. (Hope she remembered to bring Robin's bow and arrows with her).
Robin always says Maid Marion is key to the success of every escapade, leading us to where the underground secret passages are hidden, just in the nick of time.

Wetherboy - repost that when Rod's about and we'll all get to see something akin to one of those robot-like melt-downs where they shake so violently they explode with hundreds of pieces of metal flying off in all directions :) LOL!

" the CEO's job desrciption is "

Tsk!

Well it would be if I could spell it correctly - description!

" they stressed they had shareholder value return high on their agenda, which I liked "

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Depends who said that.

Nerd's corner:
That is the primary function of all BOD's - to represent the welfare of the shareholders, primarily via their chosen spokesperson - the chairman.

The CEO, is not tasked with the welfare of shareholders as many investors mistakenly believe - the CEO's job desrciption is to carry out best practice for the welfare and good of - the company.