Trading the stockmarket (NO Referrals)
- Thread starter mcast123
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Soldato
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The pic is just a link to a slideshow talk, its cost for 1 watt of solar panel energy production and I guess watt implies production per second. He makes the point solar now undercuts every other form of energy, I always thought water or tidal is smarter for UK
I think it must be a game changer, Im very keen on infrastructure type plays especially for countries with a majority of population under 30. Centricia is a value trap ? Its PE listed at 16
https://youtu.be/fwSkQa1tNmE?t=453
My view of sterling at year start was optimistic, it will gain but also I dont think it would cement or build on those gains. As it was, its just been false starts the whole year. In theory it has broken a negative trend of some years but its not gone anywhere.
Xmas is a funny time for markets and I would guess now wait till 2018 to observe any big change
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Testing the 1.34 to 1.38 key level from my understanding. Several higher high's after finding a new bottom, if it get's slow and steady growth above the 1.34/1.35 key level, we could see a rally up to the 1.45 key level. You'd want to wait for the pull back after it consolidates though
Yep, humans love to find patterns in just about everything — we then tell ourselves that those patterns will repeat, even in cases where 'past performance does not predict future results'.
The problem is; if enough people follow the charts, they all buy/sell at the same time and, as Simon says, it becomes self fulfilling.
The problem is; if enough people follow the charts, they all buy/sell at the same time and, as Simon says, it becomes self fulfilling.
The recent sell off at 1.45 showed no resistance, charted by the large candle, this means that buyers were not willing to resist at that price point, they were getting ready at 1.22, buying from those sellers at 1.45 & conserving energy to push back up. Another key level is 1.40, but time after time has showed that is a predominately buying price point, that's not to say things can't change round depending on fundamentals but 1.22 seems too low for me personally. Saying that, obviously if there is something in the news to spark a bit of fear we could see a new bottom, confirmation would after the 1.2850 point
Edit, type before.
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Depends what time frame you use, I use monthly a lot for general trends and the 1.45 sell off is a key indicator for me about where the buyers are. If you're doing weekly or intraday trading then there won't be enough profit in it for you. All depends how long you stay in trades for. I stay In trades usually longer than a few weeks to 2 months, 1.45 for me is quite a big area to analyse. That's the problem with trading, it's so different for everyone, a lot retail traders look to make quick money within a week or 2 so they don't tend to analyse that far back, I feel it's a lot better to look at 3 to 6 month trends, so in that respect, the 1.45 sell off is not ages ago, personally.
We're definitely in area of contention with GBP/USD, if you go to your monthly, you'll see the engulfing candle stopping at 1.35, the next candle was a battle which was only just won by the sellers, it was to the upside of the wick as well. I personally wouldn't bet against the pound, out of principle really, I don't trade any GBP currencies. If resistance is broken at 1.35 and the retest holds then there will be a rally, like I said just then, watch out for the fakey, quadruple check with your other indicators and confluence, particularly volume, low volume & decreasing open interest would suggest it's a fake breakout, high volume and increased open interest will mean people have faith in the rally from 1.35
I’m Confused then as the 52week max is 1.3656. Hasn’t been 1.45 since Brexit
52 week max = ~1.35, which means were in an area of contention. We're at a key level, hence if resistance is tested and broken and the retest holds then we're see a lot of people in short positions closing out their trades.
a lot of it is a bit silly, especially the narratives people come up with to justify all the magic lines etc...
"if we break 72 then the next target is 84 because there was a mystic dwarf signal also the third candle showed a battle between the buyers and sellers and was immediately followed by a shooting firefly pattern"
mostly the reason it is so popular is brokers, bucket shops and people flogging books/courses like to promote it - a lot of it is pretty simple and can be done by anyone - it gives the clients a framework from which they can make 'predictions' and more importantly start placing orders... unlike say time series stuff from statistics/econometrics you don't need basic undergrad level mathematics: linear algebra etc.. to get started.
With people in this case being mostly retail traders, using all sorts of different time frames and most of their trades only getting so far as a bucket shop which nets off most of the orders against other retail orders and only hedges the overall exposure when it exceeds some risk limit then I'd be surprised if they have much impact at all on the FX wider market. You could maybe make that argument about certain figures perhaps - will the FTSE break above/below X000 etc.. and then perhaps see that as an area of what people like to refer to as support/resistance... but for lots of the rest of it there are so many different techniques and so many people looking at different time frames etc.. that I suspect the majority of it, where it even contributes to the wider market, mostly contributes noise.
Your missing the point of price points, they are not random, if a brand new Porsche is £10,000, that price is a lot more affordable, attractive & undervalued than a Porsche at £100,000. The candles signify whether people across the world feel value in that product at that price, they aren't pointless. The psychology behind them tell us what the collective think of that price.
If anyone is daft enough to be invested in Bitcoin and is sitting on a profit, I'd be getting the hell out ASAP (record high of $9,700):
http://www.bbc.co.uk/news/business-42135963
http://www.bbc.co.uk/news/business-42135963
people have been saying that when it his 1000 then 2000, 3000 and so on
I don't think people are able to accurately call when it will crash, then again the vast majority of the bitcoin zealots don't seem to have any faith in their own arguments - I mean I know a few people who have been raving about bitcoin since circa late 2009/2010 etc.. yet seemingly despite all the chat they don't seem to have that sort of faith in it in reality else they'd all have made multiple millions from it...
I'd say 99% of the people who were adamant it was going to be the "next big thing"/change the world etc.. back then, and indeed at various stages in the years that followed - all bottled it and sold their coins when they'd made some short term gains
Yeah my friend keeps banging on about how amazing his Bitcoin investment has been over the last few months and while I am sure the gains have been great it is too high risk for me and I never trusted it. Surely it has to reach a tipping point soon...