23/10/2020 #FTSE Based on yesterday's daily candle close with rejection off new lows, price action looks bullish.
Bias will be long above 5791, targeting 5822, 5839.4, 5858 and 5879. 5896 if hit will present low risk short level.
Below 5778, bias will be to the downside, targeting 5744 and yesterday's low near 5722. 5682 should present low risk buy level.
FTSE
UK100 Intraday Setup.UK100 - Intraday - We look to Sell at 5944 (stop at 5979)
Prices spiked higher and stalled at resistance in early trade.
Further selling pressure led to a reversal in price action.
We are trading at overbought extremes.
This is negative for sentiment and the downtrend has potential to return.
We have a 61.8% Fibonacci pullback level of 5944 from 6042 to 5785.
Further downside is expected although we prefer to sell into rallies close to the 5944 level.
Our profit targets will be 5845 and 5770
Resistance: 6106 / 6325 / 6515
Support: 5770 / 5650 / 5445
SIMPLE FTSE 1Ha very simple trade to short ftse 100 down on hourly timeframe, overall trend is slightly down on daily. 1h is now facing resistance. so im gunna short it downwards towards target. if ftse continues down expect a stronger GBP.
AUDUSD H4 - Long SetupAUDUSD H4 - Again another zone break at that monthly key level of .070688, consolidation broke upside, and then downside more significantly. Looking to find support at 0.70200 ish for possible longs up to 0.72000 again, areas of possible resistance sit at monthly key levels and previous flag consolidation
FTSE 100 MOVING NICELY + 3.7% USING CUSTOM STOCKS STRATEGY UK100 trade made a great move! Let us know if you're in.
If you're not in, join our community to get alert's like this.
BASED ON 1% RISK YOUR ACCOUNT WOULD BE RUNNING +3.7%
OUR STRATEGY EXPLAINED:
The entry price, SL and multiple TPs are shown on the chart.
Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter.
What is our strategy?
Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term.
The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc.
This could be on your phone trading view app, or laptop of course.
The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy...
What does this mean?
It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management.
The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow.
We just have to do what Percy does.
Please see our related ideas below for more information to explain what we do and how it can help you.
FTSE100 Short Trade Scale InI believe UK stocks and the FTSE index in particular is due another bearish wave now. Price is in the perfect region for another lower high to form and selling to begin once more.
Using the fibonacci retracement tool on the 4hr/daily price waves there is the 0.786 level above to act as resistance. Price is in the region of the daily 50EMA with longer term bearish trend alignment of the 50 and 200EMA's apparent.
Selling from this level with a conservative sized SL and targeting the previous support zone (5800) and lower lows (5680) has the potential to produce good returns. Targets are shown on the chart.
I am still short FTSE from 6312.00 and I think bearish bets going in to the end of the year is the best probability outcome.
FTSE UK100 FTSE 100 we will see a change of tenure, put it in the comments.
They have marked supports and short- and medium-term resistance
This month we will be following it on our list and also the DAX, CAC AND IBEX35
A cordial Greeting L.E.D
In Spain at 6/10/2020
really interesting time for cineworldover the weekend cineworld announced closure of i believe all 158 of its cinemas here in the U.K. so this is no doubt bringing volatility to this stock come london session, the question is what way will the stock go. you may say silly question, but the market can induce. maybe wait for breakout of consolidation. we also have a cross of the handy rvi which signals a daily sell off.
Why I am buying BTThanks for viewing,
I'm not sure I have the time to include my full reasoning.
- June 2020 reported both revenue and EBITDA down 7% yoy, which is certainly less of a decline than a lot of businesses - and way less than the drop in UK GDP overall.
- Profitability at end of March 2020 was pretty good, and after reporting an interim dividend of ~4.7% (the interim dividend is 30% the size of the final dividend) they halted dividends for the 2020-2021 year. That is quite prudent, and the -7% revenue numbers reported months after that seems to suggest that the hit to profitability will not be too great.
- It is quite hard to get a handle on where we are in the overall correction since 2015, but recently, the share price appears to have completed an identifiable 5 waves (of some degree) that started in October 2018. This suggests we are due at least a correction of some degree (if not a change of trend).
- An ending diagonal has formed since March 2020, this could be a bullish sign. I often see such formations at the bottom of a commodity price cycle.
- There is bullish RSI divergence unfolding - when declining price is displayed as a series of higher lows on the RSI. This, if nothing else shows a slowing of the price trend and is often present before prices change direction.
- www.macroaxis.com (its a secondary source) shows on 31 March 2020 EBITDA isn't that much lower as compared to when BT was at the top of the previous price trend - in 2015-16, when BT was worth over 500 (this was despite a major lease payment over 800m pounds in the prev annual report - which isn't paid every year). So earnings per share have dropped 30% but share price is down 80%? Seems to indicate value to me.
- They will not be paying dividends this year, which I like, it is a good idea in uncertain times. Better to re-emerge strong than to deplete oneself in lean times.
- Based on previous dividends - which are highly stable and reliable - they could be paying and over 15% return - so I expect price to go up in 2020 - early 2021 in expectation of the resumption of dividends.
- Very good dividend coverage ratio - I think only about 30% of EBITDA is distributed as dividends, so even quite large variations in profitability will still allow reinvestment in the business and for dividends to be maintained.
- I think Brexit fears are over-blown. Yes there are a number of stories that BT will lose some European contracts due to Brexit, and even if that happens, this will not represent a sizeable hit to profits.
- PE ratio is 5.67 - value investing normally recommends buying when PE is below 10-15.
- Price to book ratio is 0.66 - so the entire businesses equity and future profit stream are valued at less than 70% of just net assets. Seems to indicate under-valuation - especially for such a high dividend potential equity.
- Despite competition, they provide 37% of broadband and seem to do well against the competition in cellphone coverage.
- People still need their cellphone and Wifi is basically an essential in 21st century, whether you work from home or not. Most of their drop in revenue was due to lower economic activity in general - but the base-line revenue is quite solid.
- If you believe in the "new tech-based economy" (that has resulted in TESLA trading over 1200 times earnings) well Companies like BT will be the foundation of this, providing internet and communications infrastructure.
Medium-term I see the 0.382 fib retracement as a plausible price target at 250 (+200%). If FY 2019-2020 dividends are maintained after next year, that will still allow a 5% dividend to be paid, which is better than the average - currently 4.81% for the FTSE 100. Yahoo finance puts a fair value fr BT at 200 uk.finance.yahoo.com - so 250 isn't "pie in the sky".
Its definitely under-valued - so I will start to average in. Time horizon; buy in within the next 3-6 months and hold for 5+ years.
I guess I did have time lol
DAX SHORT POSITION/MASSIVE PULLBACK BY GERMAN ECONOMY Hi guys.
Today i'm going to explain why do i expect a massive pullback in German economy.
Technicaly :
* Daily MACD bearish
* Weekly bear crossover projected to happend in a matter of weeks and manifest " in no time" so to say, because DAX index shows signs of SERIOUS WEAKNESS having on mind level (12.7xx index points).
* Wall Street so called " experts" claim that it's impossible to predict time frame, but that's their opinion and it's wrong, that's why I'm the one holding 4 WORLD RECORDS REGARDING STOCKS :)
-2676 billion $ SHORT on SPX
- 5000 billions $ SHORT on SPX
-25.000 billion $ SHORT on SPX
-40.000 billion $ SHORT on SPX
Here is 25.000 billion USD SHORT on S&P500 posted on January 30th (few days before collision from 3400---->2200 index points).
REGARDLESS OF HOW MUCH THEY ARE PAID, they don't have a clue and everything they do is "scalping" with large margins and nothing but that :)
YES, I CAN LAUGH THEM AT THE FACE AND PROVE THAT I M NUMBER 1 IN THE WORLD WITHOUT BEING MODEST, BUT ONLY OBJECTIVE AS ALWAYS.
Short your positions with marging which could go up to X10 (but super "safe play") is X4, X5 leverage.
Don't exagarate, don't blow your margins.
Once again, German economy is in front of massive collision (we've seen signs of serious weakness in March) when DAX sank to 8000 index points).
ECB in Frankfurt is trying to maintain liquidity with stimulative package of 750 billion euros + additional 250 billion euros which is only delaying of IMMINENT collision.
Please, don't buy on top, clear your positions and you will be more than good.
Thanks for reading and good luck to everyone following my Technical and Fundamental analysis.
Don't listen to guys who tell you it's " buy time" because ITS NOT !!!
Cheers.
From Serbia with love
lloyds i hope your enjoying my simple price action analysis, which is different to indicator trading which is seen alot on here. so lloyds has taken a big hit since covid which is to be expected but with price being this low, its both looking good as a long term growth stock, and potentially trading this squeezing wedge to about 0.32, which is almost 50 percent gains we cant grumble!
FTSE 100 - More room to grow than initially thought.Although the British FTSE100 looks terrible, the bulls are doing a good job to pump up the prices for another -+10%. Fibonacci retracement gives us a minimum C wave of 6520 points and a maximum C wave of almost 7000 points.
Because the index is still trapped in a smaller bear channel this tells us we need to stay slightly cautious though. Naturally, breaking the support line brings us to scenario 2 which predicts a lot more downside and possibly the continuation towards a lower low than the March bottom.
The RSI shows divergence and is therefor in favour with the bulls.
FTSE UK100 - IT WILL CRASH THIS WEEKHello all
DuncanForex here with a trade idea - with no advertising about anything so the post will stay active.
With the power move down during February 2020 (The AB Move) and then a slower retrace to the previous area of support which is now resistance.
The FTSE is going to hit circa 3200 and it starts today.
With the bearish pin bar currently being formed, this will create a very nice reversal pattern.
Both creating ultimately a CD move at around 3200
This isn't financial advice, however don't buy stocks, wait at least another 12 to 24 months and buy them when the FTSE is circa 3500
Stay safe and safe trading
Duncan