Centamin Share Discussion Threads

[stevedaytrader] 24/7/2019 11:45

There will always be movement on the actual announcement and just before on speculation but agree, lot already priced in on a good cut- will all depend on how much of a cut and needs to be on the higher side as this is what is most likely in. The build up is also key and fingers crossed on the continued dovish stance.

[plat hunter] 24/7/2019 11:44

Does Boris realise the fins are a retrospective view of the past.Try another 6 moths to see recent pog reflected, you goon lols

[kennyp52] 24/7/2019 09:19

Thanks both .. seeking re entry so might have to settle for 116 ish ... will keep an eye before 31st . I think the FED have already stated their position and POG reflects it . Maybe an actually announcement of a real cut might impact further ?

[borisjohnsonshair] 24/7/2019 09:03

Prat a can you please comment on CEY vs Gold movement? It's your time again.

[stevedaytrader] 24/7/2019 08:55

Boris- yes on 31st news as also FED rate decision on rates on 30-31Jul.

[borisjohnsonshair] 24/7/2019 08:53

On fence. Have base load and max load. In midway between both. 113/114 top up 125p drop to base. Might jump outside these on 31st.

[kennyp52] 24/7/2019 08:22

Boris .. you looking to pick up another load ? I am think anything sub 116p is worth a punt ? Can’t see lower at this POG .

[trader365] 23/7/2019 22:50

Nice trade over at FRES Plat. Clowns here allege to be making a consistent 2% a day on gut feeling (in between flipping burgers at Mcdonalds) thats 10% a week! If that's the case then they're out performing the world's top hedge fund managers. Bernie Madoff alleged a consistent 15% per year and people threw $170 billion at him. The clowns here must be some sort of supper traders, I'm sure John Paulson or Steve Cohen would love to have then on board lol

[trader365] 23/7/2019 21:55

You gorra laugh at the clowns on here who think they can gamble on 'gut feeling' and make consistent profits. What's worse is they think they are qualified to give trading 'advice' to BB readers. If readers follow the clowns they will almost certainly lose money.

[trader365] 23/7/2019 21:45

This man is a very good trader here he explains how he manages volatility....

' Wednesday, July 17, 2019
Using Bitcoin as an example of why I love volatility contraction
On my last post, I talked about the recent big winning trade in Bitcoin on the long side from earlier this year,which generated a +21R profit. Yesterday, Bitcoin gave a short signal as price dropped.

Would I have taken this signal?

No.

Let me explain why.

Given that I trade predominantly stocks in the UK, the US and Europe, as well as other instruments, I could have thousands of breakout setups to look at at any time. Therefore I want some sort of filter which could help me identify those offering a better potential risk:reward opportunity. For this, I use volatility measurements.

If we look at the current chart of Bitcoin we can clearly see the increase in volatility, as denoted by the volatility factor indicator, as well as the 2ATR measurement.

When I took the breakout in Bitcoin back at the end of March, the 2ATR reading on entry was 182. The updated chart shows that the current 2ATR reading is 1,846 - a ten fold increase!

As a result of this, had I taken this short signal, even if Bitcoin now plunged down to zero, the maximum profit I could have achieved would have been just over +5R.

If price had broken out to the upside based on the current entry level at 13,341, for me to achieve a similar profit equivalent to +21R, price would have to surge more than 40,000 points to over the 53,000 level!

The 2ATR measurement is a key metric for me. This is used to determine my initial stop distance on entry, and because I risk the same amount of cash equity (in percentage terms) on each trade, this directly affects my position size.

When evaluating a setup, the basic point to remember is that, the higher the 2ATR level at entry, the further price has to move in my favour to generate each unit of R in profit.

Now, it is quite right to say that, as the underlying price of a stock or instrument increases, then you would also expect the base numerical value of the 2ATR measurement to also increase. And clearly the current price of Bitcoin is higher than earlier in the year. So, to 'normalise' this, in the chart below I show the 2ATR measurement expressed as a percentage of current price.

This shows that, in the late March entry, the 2ATR measurement was equivalent to less than 5% of the current price, and was the lowest reading for several months. As of today, this is over 19%.

This is just the use of basic maths to help try and skew the odds in my favour, and is a great example of why I love looking for volatility contraction on a setup.

[trader365] 23/7/2019 21:33

Phillis you see it on BB's every day. If a price moves in a different direction to what clowns expect they start kicking and screaming 'manipulation' 'market makers playing games' 'tree shake' etc etc ...but the price is moving within it's ATR so its just normal expected volatility! Its up to the individual to manage his trade risk within the ATR timeframe.

[borisjohnsonshair] 23/7/2019 20:46

It's not another day for Prat, DT or 365. Same sad one again.

[kennyp52] 23/7/2019 19:17

Weird day by looks of it .. what’s with low of 113.25 for all of 5 seconds but lots of heavy buys ??? Manipulation ??? Should have set a cheeky fill or kill at 113.5p .. yeh right . Tomorrow is another day . For those panicking about paper losses IMHO the results will bring the share price back up .... we hope

[alangrifbang] 23/7/2019 18:40

Good isn't it ,the day it is tipped in the questor column in the telegraph it goes down,

[dmitribollokov] 23/7/2019 16:06

will finish unch or blue...