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Anthony French
Posted: 13 December 2023 11:06:14(UTC)
#36

Joined: 09/09/2018(UTC)
Posts: 9,128
VODAFONE

May all the information laid out in the chart
before me, decide my decisions not the un-informed
comments of others whose comment may be made in
their interest and not yours.

Now u should be able to answer your own question.
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Johan De Silva
Posted: 13 December 2023 11:08:18(UTC)
#37

Joined: 22/07/2019(UTC)
Posts: 4,414

Thanks: 5918 times
Was thanked: 10142 time(s) in 3362 post(s)
Mr GL could do with some trend lines on VOD?

@Anthony the death cross on oil is worrying but I am not selling my ISA's 24% investment to oil simply because it is a football between OPEC and technicals. Selective O&G stocks are already cheap like SQZ and AXL that I hope the upside is much greater than the downside risk.
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Big boy on 13/12/2023(UTC)
Anthony French
Posted: 13 December 2023 11:13:45(UTC)
#40

Joined: 09/09/2018(UTC)
Posts: 9,128
Oil, I guess if u haven't sold it's too late as that train left the station
a while ago, cyclical so u can often sit it out, not advice though.

If u want to momentum trade read and learn from the
Naked Trader thread.
If u are not as clever as NT, I doubt if he reads this thread
and are a mere mortal u may need a chart to assist u.
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Anthony French
Posted: 13 December 2023 11:17:50(UTC)
#41

Joined: 09/09/2018(UTC)
Posts: 9,128
Naked Trader.

I wouldn't follow him into any trades as he doesn't update
regularly enough now days.
If u read his thread u could save a fortune by not attending
one of his seminars.
Very clever bunny for all that.
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Big boy
Posted: 13 December 2023 11:19:59(UTC)
#38

Joined: 20/01/2015(UTC)
Posts: 6,676
Johan De Silva;289410 wrote:
Mr GL could do with some trend lines on VOD?

@Anthony the death cross on oil is worrying but I am not selling my ISA's 24% investment to oil simply because it is a football between OPEC and technicals. Selective O&G stocks are already cheap like SQZ and AXL that I hope the upside is much greater than the downside risk.



Don't worry about VOD..... it's one of those "excellent long term" Global Blue chips... remember they are something to do with mobiles?tech so must be great long term. They have fallen from over 400p...

Also they were 11-12% of FTSE 100 X years ago. I remember all the UTs FMs moaning/complaining to me because they could only have a max. of 10% in one stock (UT Regs.) and so it would affect their long term performance.

Strange old world which keeps coming around and around....
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Big boy
Posted: 13 December 2023 11:26:55(UTC)
#33

Joined: 20/01/2015(UTC)
Posts: 6,676
Anthony French;289408 wrote:
Big boy;289401 wrote:
Simple fact…more buyers SP goes up and more sellers the SP goes down

With the use of Charts can you tell me the next stocks with net buyers please so I can follow
you in.

I appreciate a breakout point and used to see all the chartists pile in. Of course
they all turned sellers at end of account so jobbers did well. This of course was pre-decimals
so sure it must work now as many on here believe it.

Seems to me a good fun game and if it works why aren’t the clever people doing it.

Many I worked with would look at the charts as a guide but most/all from memory never added any value.


is this your hobby ? if not u are wasting your life reading this thread.



Thanks ...Professional now hobby.

I suspect you are correct that we are wasting our time reading this but every generation of new investors have to go through the loop and I was only trying to help them so that they could get on with their lives..
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Anthony French
Posted: 13 December 2023 11:54:00(UTC)
#42

Joined: 09/09/2018(UTC)
Posts: 9,128
With your tales of woe it appears u worked for a third rate
company who didn't have much idea about anything
let alone trading.
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Big boy on 13/12/2023(UTC)
Wave Action
Posted: 13 December 2023 11:55:57(UTC)
#35

Joined: 30/11/2023(UTC)
Posts: 388

Thanks: 461 times
Was thanked: 624 time(s) in 260 post(s)
Mr GL;289404 wrote:
buy when others are fearful and sell when others are greedy (buy lower prices / sell higher prices)

VOD having a particularly bad run... I'm putting some more fun money in (and if it keeps going down my fun money will become my long term investment money as I rebrand my rationale to fit the price action!)....

would a chartist buy today? would a chartist sell today? would a chartist do nothing?


Trade indices generally with a few shares thrown in. VOD not for me at the moment and could be totally wrong of course. Shares can change overnight .
Looked quickly at the data and all the forecasts are lower. That's dividends , earnings and revenue. All the green bars. In a basic way that to me means future isn't that bright.

https://markets.investor...eet/forecasts?s=VOD:LSE

Monthly view of VOD with the tea leaves. We have a trend pointing down ( note I never said going further down ) and the orange MA also pointing down. MACD indicator is negative where blue is below red. Histogram blocks in black are also below zero. There's nothing to say it's bottom building. Again I could be wrong.



In the daily timeframe if you wanted to take a punt then it's oversold regarding the lower indicators. It's below my 10 day MA that's another of my guides. A punts a punts and I'm not against it.

https://bigcharts.market...ggle=false&state=11

On top of all that I look at the US markets to see how they are doing. You can't ignore them for direction. That's the way it goes. Hope that makes sense and hope it helps . TA is a useful tool and there's many indicators out there that can help.
So we have a short term view of the US market. SP 500 is well overbought but can continue higher as there's nothing stopping it. Probability suggests there'll be a correction. That's all TA can do. How much who knows . With that in mind if there is a correction chances are it'll drag the rest with it. There's been a rally since late OCT and most posters have benefitted on here . FED meeting tonight.

https://bigcharts.market...oggle=false&state=11
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Mr GL on 13/12/2023(UTC)
Anthony French
Posted: 13 December 2023 11:57:52(UTC)
#43

Joined: 09/09/2018(UTC)
Posts: 9,128
Automated trading systems — also referred to as mechanical trading systems, algorithmic trading, automated trading or system trading — allow traders to establish specific rules for both trade entries and exits that, once programmed, can be automatically executed via a computer. In fact, various platforms report 70% to 80% or more of shares traded on U.S. stock exchanges come from automatic trading systems.
an turn precise entry, exit, and money management rules into automated trading systems that allow computers to execute and monitor the trades. One of the biggest attractions of strategy automation is that it can take some of the emotion out of trading since trades are automatically placed once certain criteria are met.

The trade entry and exit rules can be based on simple conditions such as a moving average crossover or they can be complicated strategies that require a comprehensive understanding of the programming language specific to the user's trading platform. They can also be based on the expertise of a qualified programmer.

Automated trading systems typically require the use of software linked to a direct access broker, and any specific rules must be written in that platform's proprietary language. The TradeStation platform, for example, uses the EasyLanguage programming language. On the other hand, the NinjaTrader platform utilizes NinjaScript.

..................

Now if u are still living in days of yore, u will not know about automated trading.
One thing is for sure the trade is not based on wetting your finger to see which
way the wind blows.
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Wave Action
Posted: 13 December 2023 13:29:05(UTC)
#39

Joined: 30/11/2023(UTC)
Posts: 388

Thanks: 461 times
Was thanked: 624 time(s) in 260 post(s)
Big boy;289415 wrote:
Johan De Silva;289410 wrote:
Mr GL could do with some trend lines on VOD?

@Anthony the death cross on oil is worrying but I am not selling my ISA's 24% investment to oil simply because it is a football between OPEC and technicals. Selective O&G stocks are already cheap like SQZ and AXL that I hope the upside is much greater than the downside risk.



Don't worry about VOD..... it's one of those "excellent long term" Global Blue chips... remember they are something to do with mobiles?tech so must be great long term. They have fallen from over 400p...

Also they were 11-12% of FTSE 100 X years ago. I remember all the UTs FMs moaning/complaining to me because they could only have a max. of 10% in one stock (UT Regs.) and so it would affect their long term performance.

Strange old world which keeps coming around and around....


I believe it was a bit more than 12% market cap of the FTSE . The dotcom boom or the new paradigm as the commentators were saying at the time. Not one of my words I had to look it up at the time.

Anyway we had this...

https://www.macrotrends....oup/stock-price-history

The FTSE has hardly recovered since. Chart goes up to 2007 but makes no difference . Cheap and still cheap . Yet it's never bought up on a grand scale. Suppose there's always a chance it will and some will claim victory with " told you so". What do I know. ?

https://4.bp.blogspot.co...0+trailing+PE+chart.JPG
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