Jump to content

British American Tobacco


Recommended Posts

OK I get the reasoning and it will most likely trade lower at some point but my challenge is twofold: firstly that the bulk of the bearish move is over; secondly the current retrace is complex, which is more difficult to trade out of.  Therefore the risk/reward is not a good as other stocks, say J&J or Boeing, which you are also looking at.  Same reasoning as for GE if you recall.  If you are going to take the risk to Short a stock better to go for the bigger rewards.  Catch a wave 3 down and you can ride it a long way in trend follower mode.

  • Like 1
Link to comment
  • 2 weeks later...
1 minute ago, dmedin said:

@CharlotteIG It's interesting, some of the FTSE 100 and 250 stocks seem rather volatile just now.  Probably best to day trade them and close out positions before 16:30

If they are too volatile and you hold the FTSE outside of 08:00-16:30 the spread will widen so that's a good strategy. Further to this, you can't watch the market through the night. I guess you could have your stops and limits in place to secure you but it's whatever works with your strategy. 

For FTSE all GMT: 

07.00-08.00
08.00-16.30
16.30-21.00
21.00-01.00

01.00-07.00

2
1
2
4

3

  • Like 1
Link to comment

It has filled in a gap (closed the window :P ) - will it now go back up?  The entire FTSE 100 tanked yesterday so it's probably just a case of 'rising tide lifts all boats' and GBP looks set to go up which means FTSE 100 goes back down again.  Who the heck knows - might as well toss a coin :)

2080919397_BritishAmericanTobaccoPLC(LSE)_20191204_11_49.thumb.png.d331aa3bd47f2c9ce7a4c02f7314cc91.png

Link to comment
30 minutes ago, dmedin said:

It has filled in a gap (closed the window :P ) - will it now go back up?  The entire FTSE 100 tanked yesterday so it's probably just a case of 'rising tide lifts all boats' and GBP looks set to go up which means FTSE 100 goes back down again.  Who the heck knows - might as well toss a coin :)

Try to think in terms of where price has come from and to where it might be heading to.

On the daily there is this rough range where price looks to be on a downward leg. On the 1 hour price looked to fill that gap but ... 

So you might expect price to try to lift from here or try to force it's way to continue down, the next few hourly candles should reveal what those in control are planning to do. Once that becomes clear then look to enter, the stop loss then becomes self evident (either side of the blue line depending on long or short) and the target also becomes self evident (prior high or low depending on long or short). 

image.thumb.png.20f2741f0793e69a473044fbed4af3bf.png

  • Like 1
Link to comment

Completely adrift at the moment ... nothing seems to be working, TA is utterly hopeless (including those pivot points, as they swing up and down without rhyme or reason) and the markets driven entirely by big institutions manipulating things ... once again beginning to think retail clients are stupid for taking part in this.  I certainly am.

Link to comment
17 minutes ago, dmedin said:

Completely adrift at the moment ... nothing seems to be working, TA is utterly hopeless (including those pivot points, as they swing up and down without rhyme or reason) and the markets driven entirely by big institutions manipulating things ... once again beginning to think retail clients are stupid for taking part in this.  I certainly am.

what 🙃?  The daily pivot points are calculated on yesterday's OHL so plenty rhyme and reason, check the chart below.

The 8am bar this morning went straight up to tag R2, the next H1 bar was a doji after retesting R1 and higher above R2, then price went on to test R3 and pulled back on the last bar of the day. 

After yesterday's pause bar on the break peeps were looking for continuation this morning and they got it.

image.thumb.png.58299fbf59f9fe764f065d61e421efe0.png

  • Great! 1
Link to comment
  • 2 weeks later...

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • General Statistics

    • Total Topics
      15,694
    • Total Posts
      75,102
    • Total Members
      63,110
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    GetMad
    Joined 31/07/21 12:27
  • Posts

    • The new CDC Massachusetts study is drawing a lot of attention. The CDC is using it to promote mutant risk but there is a lot more to the story. - 74% of 882 people infected with coronavirus in the US outbreak were fully immunised but only 50% of US are fully vaxed suggests the vaccines are making people more susceptible to infection (which indicates vaccine ADE). - The viral load was found to be the same for the vaccinated and non-vaxed alike which would suggest the vaccine was not offering any protection at all (which indicates vaccine ADE). - Most of the 74% were symptomatic, such a high ratio of symptomatic/unsymptomatic for the delta variant would suggest the vaccine was compromising the immune system making symptoms worse (which indicates vaccine ADE).   Meanwhile, a CDC Internal Document: “Universal masking is essential to reduce transmission of the Delta variant” This is nonsense, masks can only stop droplet borne virus not virus as aerosol. An infected person will breath out 50,000 with each breath and they float on air, travel much more than 2 meters, and around perspex screens, and through the weave of a mask. UK lifts mask mandates at the peak of new cases ... and immediately the curve collapses.   .  
    • Main stream media are waking up to the fact all is not right concerning the vaccines. The fully vaxxed are the majority of new cases. No one is as yet coming out and saying vaccine ADE but all the indications are pointing that way. So far all the blame is being heaped solely on mutants but that can't be the whole story. Vaccine ADE enhances the virus while compromising the immune system. CNN @CNN ''Vaccination alone won't stop the rise of variants and in fact could push the evolution of strains that evade their protection, researchers warned.''  Vaccination is not enough by itself to stop the spread of variants, study finds - CNN    'Study finds 74% of outbreak sufferers were fully vaccinated'. (US is only 50% vaxed) Outbreak of SARS-CoV-2 Infections, Including COVID-19 Vaccine Breakthrough Infections, Associated with Large Public Gatherings — Barnstable County, Massachusetts, July 2021 | MMWR (cdc.gov) ('Breakthrough infections'' is a term meaning infections in vaccinated people)   CNBC @CNBC 'CDC says 74% of people infected in Massachusetts Covid outbreak were fully vaccinated.' JUST IN - 'More than 110,000 breakthrough cases in the US' (Bloomberg)   And from SAGE yesterday evening; ''JUST IN - SAGE, the UK's health "expert panel," warns next Covid "super mutant variant" could kill up to one in three people, and the "vaccine roll-out may even speed up mutant strain's emergence." (Daily Mail) The last half of that headline is a clear indication they at least suspect vaccine ADE. SAGE: Next Covid variant could kill one in three people | Daily Mail Online   Safe vaccines, the ones that completed their long term trials before roll out don't cause 'super mutants'. We are starting to see why Dr Robert Malone was calling for the vax programme to be stopped immediately in the video posted above.   Pfizer now saying vaccines will not be enough so as well as perpetual booster jabs they are developing oral antivirals. (oh - like Ivermectin you mean - can't use that, it only cost a few cents) Pfizer Inc.  @pfizer  Alongside vaccines, success against #COVID19 will likely require #antiviral treatments for those who contract the virus. We’ve started a Phase 2/3 trial to evaluate a potential oral therapy that will enroll over 2,000 participants infected with SARS-CoV-2:   So the vaccines don't actually work then except to incapacitate your immune system and create super mutants.   And in another new twist Social Media are quietly starting to remove the warnings they habitually place on posts that might, even slightly, be construed as anti-vax. 🤔   .edit bad pic crop.  
    • OK - I think I'm going to leave this thread here for the time being - its covered a lot I want to end it on a very very advanced concept - Gann related obviously! Gann was light years ahead of his time, the below is going to prove this fact, his methods were esoteric and he was beaten to these laws of the world by the Egyptians (you'll see the shape in the images below) The markets are not doing what you think they are doing - there's forces you are not aware of at work behind the scenes driving prices on ALL markets This post is to get you thinking - I'm not making any claims, but the other day on a EURUSD thread I did highlight a buying zone of which price has "suddenly" rallied upwards from! In the chart below we'll look at the 4  points shown on the chart 1-4, because these have been recent major swing points - I want to show you what Gann was thinking and talking about over 100 years ago - I will keep it as simple as possible This is Gann's "Square of 9" - look at the shape of it on a top down view - its basically the Pyramids! (TIP: Imagine pulling the centre number shown up towards you to visualise the concept) Basically this is a square root calculator - as you go up or down levels around the sq or 9 you going through increments of square root %'s - there are major intersections of the square and those are shown on the images as the yellow painted sections - north, south, east, west etc - see where price lands on those lines around the major turns I think we can agree totally, from this entire thread and what I'm showing you below that Gann and his methods have massive significance on the markets and as traders that means profiting from.  This is EURUSD Daily Swing High #1: OK we get a major swing high price of 12350, this gets inputted into the Gann sq or 9 as the CENTER/PEAK of the square - the calculator then generates all the levels around that price according to the maths of the sq of 9 - see chart We have NO idea prior which levels "might" cause resistance or support and we don't know when either - what we DO know is that the major intersection in YELLOW "could" do something - the thing is we are aware of these levels well in advance and before price gets near! So from the top at 12350, prices falls to a low of 11952, then rallies to 12243, then falls to 11835, rallies then falls into the swing low #2 of 11704 I've highlighted the relevant prices on the Gann sq of 9 below for you - EACH swing turn point was 2 pips - 2 pips off the yellow highlighted price levels - take a minute to think about that 2 pips from price levels worked out yonks in advance by a method of a trader from over 100 years ago, that he discovered from studying the Egyptians who built temples to the fact thousands of years prior! OK coincidence? Coincidence - I think not, here's the next chart of the swing UP from 2-3 We have a LOW of 11704, rally to 12150, low of 11986 and then the swing high #3 at price level 12266 Again we have price finding support and resistance at price levels within pips of the major intersections on the gann sq of 9 OK last swing 3-4 High of 12266, low 11847, high 11975, low of 11805 I don't think I need to say anymore From 11805 here's the square of nine numbers to which the market might find support/resistance from (Remember the YELLOW lines are the major points to watch) - IF 11805 is the swing LOW The square of Nine is more deep than this - the positioning can be important too - for instance 1st gann sq of nine chart above in the post, follow the numbering from the 11835 LOW around the square until you get to the swing 2 low of 11704 - its moved out to the next level but on the same line sequence as the low and up nearly opposite the first low of 11952 and within pips of a major intersection  I can tell you that most markets adhere to the square of Nine - however, there's a huge amount of things to look at, consider and apply so we won't go any further into this As with ANY method, do as I've done, test it, if you understand it and it fails, dump it - I could go on showing coincidence after coincidence of the square of nine - I just wanted to show you that there's reasons markets turn at specific points "out of the blue" - you'll get people mentioned support and resistance as throw away comments (usually Fibonacci levels that they don't really understand!)  Successful Trading THT  
×
×
  • Create New...