Bp Share Discussion Threads

[bracke] 17/9/2015 17:28

"THE TREND IS YOUR FRIEND"
==========================

Very true. The down trend remains. However if it is able to break and hold above the magenta line it will have broken above the last minor swing high which would be a positive move.

[the_man_with_the_pink_gun] 17/9/2015 17:21

STRONG SELL

TARGET £2.78P


REMEMBER,,,THE TREND IS YOUR FRIEND ; )

[bracke] 17/9/2015 17:09

Here's the closing chart.

It didn't fancy a trip to the lower magenta, getting its self ready to break up following a favourable speech by Mrs Yellen.

BP 1 Hour - Closing Chart.

[bracke] 17/9/2015 15:43

mb

Careful. You don't want monkey on your case.


optomistic

The 'thumbs downer' appears to keep a watching brief on this thread. One can't help but think he has 'issues'

[optomistic] 17/9/2015 15:36

I see we all keep getting a 'thumbs down' someone still has a lot of time on his hands!

[mbthedude] 17/9/2015 15:36

Monkeys are renowned for flinging their faeces, it was bound to hit the fan at some point.

[bracke] 17/9/2015 15:26

Good decision. Stick to the Ribena for the time being.

[optomistic] 17/9/2015 15:13

Cheers Bracke,
I'll leave the Blue Nun unopened for a while.

[bracke] 17/9/2015 15:07

"I haven't seen any information as to what effect a rate rise/fall would have on BP...have you?"
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No I haven't. I suspect after the initial reaction dies down it may not be a lot. BP needs an increase in oil price and that means a reduction in output.

There is the possibility that there may be some sort of rally following Mrs Yellen if no rate increase. If you were really lucky up to the middle green line on the chart above but you would have to be very lucky.

As for monkey I'm saying nothing. He has a 'reputation'.

[optomistic] 17/9/2015 15:00

Good afternoon Bracke, thanks for the 'invaluable WL information' it seems like Penycae's Monkey has done a runner ;-)
Anything pre Mrs Yellen is a gamble it seems.
I haven't seen any information as to what effect a rate rise/fall would have on BP...have you?

[bracke] 17/9/2015 14:51

Good day optomistic

I don't have a monkey but I do have a Wood Louse. He's not easy to follow 'cause he has a very squeaky voice but he says the following about BP.

The share price was unable to break above the magenta line. You will see that it was a previous resistance level. It is now dropping away towards the magenta line which will hopefully provide support.

WL says all bets are off when Mrs Yellen speaks.

PS

I've told WL that if he drops me 'in it' with any of his advice there will be a 'sqashing'. I like to keep him motivated..

BP 1 Hour

[optomistic] 17/9/2015 14:37

Good afternoon Penycae, good luck with that...was it sanctioned by the monkey that trade or was it on a personal whim :-)

btw does the monkey have a view on BP right now?

[penycae] 17/9/2015 14:27

Just taken a rare FTSE long from 6190.

[andysaw] 17/9/2015 11:58

Looking at the current trend, seems it will start rising and end positive by closing

[lollipop3] 17/9/2015 11:46

Come on my beauty move up

[iggis] 17/9/2015 09:49

Haha, pink gun gone short #rampalert

[the_man_with_the_pink_gun] 17/9/2015 09:05

STRONG SELL

TARGET £2.78P

[andysaw] 17/9/2015 08:24

I meant 350 and then 370 :)

[andysaw] 17/9/2015 08:17

Looking strong today... Looks like moving towards 250 and then 270 ... Most likely in positive by closing like last two days IMO

[karateboy] 16/9/2015 20:35

Is the share price going to climb to 360p or not? I believe the time has come for that.

[dlku] 16/9/2015 16:32

clatting northwards with ENQ also

[bracke] 16/9/2015 15:43

Good day Penycae

I think you are 'having us on'. You already know the answer to your question.

How much of your account are you prepared to loose before you close the trade?

Trading without stops as you know is verrrrrrrrrrry risky. An unexpected event and 'WHAM' 'good night Vienna'.

Here's a 'nice' chart for you.

EDIT

Updated closing chart.

It's at the 'moment of truth'. Break above the magenta line which is the previous minor high or small retrace and then break up or drop to the middle black line. If either of the first two the target would be the middle green line.


BP 1 Hour

[essentialinvestor] 16/9/2015 15:27

What a difference a day makes, 24 little hrs and then ..

Same may apply tomorrow in the other direction, but a nice day for now.

[penycae] 16/9/2015 15:11

Yep, and cable and the good ole CAC have paid the rent for this month at Penycae Towers.
Beginning to wonder what the optimum pot size might be for day trading with a spread bet account. Put on three trades this week. (CAC and Cable). Didn't place any stops (honest). Got a fair chunk of money in the sb account at the moment, so there was no margin pressure or enforced stops. The trades looked absolutely right on the long term charts, so I opened them as longs. The market went against me for a day and a half, and the positions went underwater, but long term they still looked right, so I held them. All came good today. Wouldn't have happened if I had been using a smallish account. Would have been forced to close.
Just askin'.........