A thread created for the TA of charts on the LSE markets. (aim and plus included)
Beginners and advanced wellcome. Long or short, just post your views and lets
have some positive discussion. FIRE AWAY.
NB, UK indicies and sector charts plus FX can also to be included in posters analysis.
I'm 'doing a Croc' and watching and learning about Level 2 on RGS.
eg.
The idea is to make only three sections appear on each side. Two or four sections (or even more) mean you need to correct the filter.
Set the filter at 0.8 on both sides then see what happens.
As the first three sections fill and overflow or underflow, see how you need to change the filter setting so as to reset one side or the other to keep showing ONLY three sections of Buy and Sell prices.
As I type, BOs are set at 0.6% and SOs at 0.8% to maintain three section balance and the robots have quietened down quite a bit from previous high activity this morning.
Sometimes the settings are very wide apart, say 4.0% - 0.5%. This is when you can tell which way the market is being directed and place trading orders accordingly.
Have a play around yourself.
Time for a coffee.
PS. Anyone got any interesting links on this subject?
Year end was 30 June and growth is expected to continue along current lines for this well run and very ambitious company. If you like this sort of thing, here's an interesting YouTube clip:
Oversold of late I suspect, and now on the way back up to 350p (and beyond?).
On the daily FTSE 100 it looks to me like we have a target of approx 6550 the base of the uptrend channel. I might come back into the market if that develops before September.