Taylor Wimpey Share Discussion Threads

[1aws] 19/1/2011 12:30

spenny, for my sins, yes. On your guidance if I remember correctly. Only 15000 in my ISA.

[sir rational] 19/1/2011 12:24

Methinks that was the extent of the pullback ;-)

[loadthevan] 19/1/2011 12:08

my daily chart has just showed a 4b sell on the volume indicator...wierd!

[ludlowe] 19/1/2011 12:03

it filled a gap on their speadsheet ,

[sir rational] 19/1/2011 11:52

Outperform but no published target.

[slytherin] 19/1/2011 11:36

Based on recent comments, there's going to be lots of gap filling back to £5 and then four more waves of that - should make £25 before retracing? Think I'm getting the hang of this now!

[sir rational] 19/1/2011 11:34

cheers Affro, Ima

[spennysimmo] 19/1/2011 11:29

Hi 1aws, are you in here as well?

[imastu pidgitaswell] 19/1/2011 11:24

thanks 1aws.

I don't know anything about EW's other than what I wrote before, I have just noticed a lot of times something like them appears in share charts - but there's always hysterical debate and disgreement over the interpretation of where they start and end - e.g. I assumed he meant what I lined up above, but in fact he meant:




Whatever - it has been heading up, eh?

[jibba_jabba] 19/1/2011 11:20

1330 Building permits and Housing starts..

[1aws] 19/1/2011 11:16

imastu
If you wait for the live chart to appear and then click on the PRO chart option; you will have all the time you need to produce your charts.

[jibba_jabba] 19/1/2011 11:08

APHRODITES your own charts or ADVFN ones..

[aphrodites] 19/1/2011 10:52

Sir R

Despite advice, I have tried several times without success to post charts on ADVFN.

Maybe imatsu can provide me with an idiots guide!

My 5 waves started at 24p on 30 November 2010.

Leg 1 took us to 29p on 12 September.

Leg 2 took us down to 27.39p on 12 December.

Leg 3 (usually the strongest) took us 35p on 6 January. This is where my system started ringing "buy" signals.

Leg 4 down to 33p on 10 January.

Leg 5 up to 38.5 yesterday.

A perfect 5 wave example and a good one to trade with the volume.

You can ring the legs very easily.

I bought 500k in leg 4 and sold yesterday around 38p. I am now out and watching as this could start another sequence of 5. As I said the jury is out and so am I with a nice profit.

I do have several interesting Elliot Wave theory books which I could recommend reading buy unfortunately I am in rented accommodation waiting for our new house to be completed towards the end of the year and most of our library is in storage. I cannot put my hands on them.

Off to meet a friend in Brighton for lunch now.

[spennysimmo] 19/1/2011 10:31

Charts with coloured lines prescribed around 36p before the open this morning so they aren't all bad.

spennysimmo - 19 Jan'11 - 07:58 - 6323 of 6349 edit

I of course hope not but being realistic and looking at my charts I wouldn't be surprised if we saw a pull back to around 36p this week.

[walkmi] 19/1/2011 10:29

Thank you, now a little bit wiser than when I got out of bed, and something more to look for.

[ludlowe] 19/1/2011 10:23

APHRODITES ,excellent reasoned post ,thanks

[imastu pidgitaswell] 19/1/2011 10:22

It's not 4 or 5 'up' waves, it's 5 waves total, 3 up and two down, starting from the trough in late October.

Excuse the crudity, but it's a sod getting the lines on before being timed out...

[sir rational] 19/1/2011 10:19

Affro can you stick a chart up showing those waves?

[walkmi] 19/1/2011 10:16

Not a chartist so may be stupid but I only see 4 upward waves. What am I missing? Genuine question!

[aphrodites] 19/1/2011 10:11

ludlowe

I really cannot say until I am confident we are back in a a rising series of 5 pattern.

And that will have to be above the recent high.

And I do not try and guess the wave pattern by buying in early on what might be the first wave. That has cost me dearly in the past.

The attraction of Taylor is the liquidity and volume of trades which makes the application of the Elliott Wave theory much easier to apply.

What I do not like to do is tie my money up in size in a share and see the price stagnate.

[ludlowe] 19/1/2011 09:51

APHRODITES , great post ,what price ,will you buy back in ,

[imastu pidgitaswell] 19/1/2011 09:50

Fun? Fun? It's science, that's what it is...

Agree, a bit of consolidation around here or even a bit lower is a good thing.

[aphrodites] 19/1/2011 09:49

spenny

It depends on whether you trade markets or are in there for the long term.

My technical analysis covers a wide range of shares in which I look to trade in size and make consistent profits of 10/20%.

Charts with coloured lines drawn by monkeys can prescribe whatever you want them to tell you.

Having bought Taylor on a signal I use I also sold on the same signal.

I have also said the jury is out, as you quite rightly say, this could go a lot higher. That is why I am monitoring the share very closely.

It could easily start another 5-wave pattern upwards when I will buy in the 3rd leg which is always the strongest of 5.

Everyone one to their own.

Anyway I like peanuts!! :0)

[shammytime] 19/1/2011 09:47

Absolutely. This is a healthy breather that all rising stocks take. 40p by Friday is inevitable.