GKN Share Discussion Threads

[matt123d] 28/1/2015 21:14

Well the oil/energy sector was the weight today. Spx now taken out last week's low but still inside month with two days left, hopefully remains intact and we pop back up inside day again tomorrow. Would like to keep all those monthly setups to break at once next week for one huge move.

[leeson31] 28/1/2015 10:28

i see oil on us crude march contract coming off... not that far off the low so far at 4438, its 4520 as i type.. seems it will test the low, might pop a short on it, stop at ~4550, limit ~4444 for ~3:1 reward:risk ratio

[matt123d] 28/1/2015 10:11

Yes S&P 500. Just keep trades intraday when major averages are inside on the month and week as direction can reverse overnight. If it stays inside on the month going into next week then the major move will come when that high or low is taken out but you're right with all this swinging about it's still only a doji month.

[leeson31] 28/1/2015 10:04

S&P500 index? re SPX..

i see on the Monthly the MACD is just rolling over/intersecting, but still very much +tive... Nice couple of Pins for Dec and jan (so far) usually indicates price about to rise. ~1975 support on the monthly seemingly, and same for weekly, and ~2019 on the daily.. she's a volatile on at mo!

anything catching your eye for a trend trade? dollar index should continue rising...

[matt123d] 28/1/2015 09:52

SPX building a large equilibrium. Inside on the month, week and at present will open inside on the day. Neither side has control hence the swings in both directions.

[leeson31] 28/1/2015 08:46

unreal. re afren - i think they'll need a rights issue...

im hoping 360p holds on GKN....

gold had gone negative on the macd 2hr candle chart but still in the top half of the bollinger line, and rsi weakening.... im surprised gold hasnt risen given the political uncertainty in greece, and qe announced by ecb..

[matt123d] 27/1/2015 11:01

Shame about AFR. GKN takes the inside day to the downside to turn the week red.

[leeson31] 26/1/2015 19:05

Afren playing out seemingly to the 14p area Matt. It hit 17.2p today, i think tmrw it may peak low at ~15.8p, then reassess....cheers

[leeson31] 25/1/2015 17:06

Interesting, noted. Goodluck for the week. :)

[matt123d] 25/1/2015 17:00

You can go down a time frame to 60min if you want to anticipate a reversal on the day but I'd only do that if you had a green week and a green day with the sector being green as well.

[leeson31] 25/1/2015 16:56

Ok thxmatt, ill be looking for an inside day without subsequent break, then to back it up, for it to be inside on week.... I may 'try' anticipate with a small holding the first day of being inside ie buy at bottom of day candle, then hope for equalibrium the next day, if not, sell it immediately... But a point will come for me where the value is just too cheap, and id be hapy to buy n hold...

Cheers fella

[matt123d] 25/1/2015 16:50

Yes one possible scenario, wouldn't pay much attention to volume though. It's the break of the inside bar which is the key but you need at least one major time frame going in the correct direction as well. At present all time frames are going down.

[leeson31] 25/1/2015 16:28

Forinsidebar equalibrium, would this be a similar pattern to that of the enq bottom..? Essentially, an inside day onvolumes ? Thx!

[matt123d] 25/1/2015 16:23

You want to look for the inside bar equilibrium rather than something that looks as though it's capitulation selling as it will also give you a valid entry plus an exit level it it fails. No reason to get stuck in unless you're buying a lot, AFR has average daily volume of 8M shares so unless you're buying a few million £ worth get it when you know for sure it's turning.

[leeson31] 25/1/2015 16:16

Fair point re enq.. Though, it didnt spike out on the reversal but just rose the next session, usually bottoms to see a spike out reversal, which is what im looking for on afren.... Ill monitor it this week....

Cheers

[matt123d] 25/1/2015 16:13

Sure, anything is possible. ENQ did have some indication of a bottom, it went inside day on the 16th then immediately turned green on the week on Monday and stayed green all week until Friday's news so that was foreseen by some. Nothing like that on AFR so no reason to be involved at present as no one knows how low it can go.

[leeson31] 25/1/2015 16:07

Yeah, chart is awful :) but its manipulated at mo, and completely outt of sinkmwith true value, and news can be rns'd by friday deadline for seplat deal, and theyre restructuring their ebok debt, take a look at enquest on their restructure news and share price ...

Cheers

[matt123d] 25/1/2015 16:05

I'm afraid AFR looks as though it's in all sorts of trouble. Red on the month, week and closed on the dead lows Friday so no indication of a bottom whatsoever. Also had a daily reversal pattern at the end of the prior week which will have a lot of fresh long bottom pickers trapped. Bottom of the weekly triangle is 11.5p.

[leeson31] 25/1/2015 16:04

Indeed... Think ill stick to fx for time being bar intended afren trade.....

Cheers

[matt123d] 25/1/2015 15:52

Probably wise, anything inside on the month can go in either direction, albeit with quite a range so far this month. Friday was an inside day for SPX to put in the third lower high, an inside week for the Dow and VXX put in another higher low. All looks pretty indecisive to me.

[leeson31] 24/1/2015 20:05

Thx matt. Im off the indices at present, just a bit too volatile for me, but, im long usdcad fx, short eurodollar and short cable, have been for two weeks, and will remain so til mid feb. going great so far.

Afren maybe a good risk:reward play for you....awful chart, strife at present, but imo is a great recovery play given the share price decline is totally disonnected from its value.. I think may capitualte mon/turs, then time to load up.

I see oil wto short contracts reduced w-o-w on cot report, i think oil is basing, pending next direction....

Cheers

[matt123d] 24/1/2015 18:17

Certainly looking like an inside month for SPX for January. Failed to put in a higher high after the ECB decision so the series of lower highs is still intact. Will be interesting to see whether this recent move up in GKN is also a lower high and just the top of the descending triangle or whether Europe does continue to decouple from the US and it breaks out to the upside.

[philo124] 22/1/2015 18:15

Nice move.

[sjc] 22/1/2015 15:49

free stock charts from uk.advfn.com

[philo124] 19/1/2015 09:30

Thanks, would be good to hold above 360p today.