Recent content by Tommygun66

Unless I'm missing something I don't see anyone talking about the recent privatisation of Royal Mail in the UK. Anyway taking a position? Will the big players sell off on Monday/Tuesday to make their 36% gains or hold on for the 6% dividend? Or attempt both? Interested what you think.

Guess blindly buying and selling has its pros...... :$ typical

Thanks, that was a useful article, although he does say: "There are ZERO buy limit orders above the current price and there are ZERO sell limit orders below the current price"...surely that can't be completely true (that's what stop losses are for aren't they?) but I get what he is saying overall.

Ok thanks, plenty of things to try out then.

Ok thanks. So with reference to your example, if all the buyers come in and take the offers at 101, who/what decides what the next (higher) offer price will be and how does this feed through to the price board? It's also like a gap in the market; who/what decides what the 'new' price is once...

Ok so I know the official answer is supply and demand, e.g. if buyers outweigh sellers then the share price should rise, but if we take a very liquid market as an example, say a bluechip stock like Vodafone, if I want to buy those shares I can no problem, and if I want to sell them I can no...

So GBP/USD is pretty close to support at around the 1.5250 - 1.5300 mark which has held since Sept 2010. I've been advised before not to blindly buy or sell at these levels so I haven't this time! Any advice on what I should be looking out for? My limited experience in being burnt at these...

Just to clarify, when you say "Another boll0x is choosing the pinnacle of a swing as a level. 5 times out of 10 it's an overshoot" do you mean it's a fallacy almost to believe that e.g. a stocktthats rallying will fall back just because it hits a specific level?

Good point well made ;) Thanks

Bint-Crusher - thanks, but can I ask why? When I made that comment I meant the the S/R had to be well established for me to try and trade it. Someone else on this thread have said that's a mistake too, which is really quite confusing as it's the first tip most books/traders give when teaching...

Who are the Sydney Brokers and Operators?

When risk appetite has left the markets (at least for today) and the Dow is dropping like a stone, why is Gold going down as well? I thought this was supposed to be the safe haven? Ta,

I think our examples match, I was just showing the opposite side (the buy). I think. :$

Just looked at Gold (graph attached). I think I now get what you are saying. You would buy the dip into former resistance? Thanks,

Some interesting thoughts. Please could you clarify "The golden rule is SELL rallies into previous SUPPORT. BUY dips into former RESISTANCE."? I don't understand this; surely when something is rallying (ie going up) you don't sell it and it is going to encounter resistance, not support anyway...