I find the story compelling and some bright stars in its stable.....
Tern invests in companies, with proven technology, based in the UK but with global ambition.
The price has been moving recently and looks set for more...
or anyone else reading . You going to the next STA event ? I fancied going myself on a monthly basis ! Good to network and exchange good views
My Energy Sector article written over 10 days ago was well received and viewed a lot ! Now we are seeing non stop media coverage especially on Bloomberg along the same theme. Am going to write a lot more and add interesting tools that can be used for retail traders benefit .
Need to see if I can get the Pro status ! Not fussed about the shares leverage as margins won't hurt me much < Cash position is good > But more worried about the commodity plays ! Currency and indices I can live without. Not bothered that much
Pen you would qualify too in terms of quals . Have you also worked in financial industry ?
Lady I don't remember your background ( Sorry lol )
I too have it on an IG Dec contract.
It's a little higher entry & exit but pays dividends regarding the rollover fees.....
any long trade shares I do on SB are always on the longest future I can get. This time it has the added bonus of being 'in' when the margin rates change.
I just wonder how they will view a rollover.....
Well done with your IQE trades!
To make this 1-2p per trade gains worthwhile, you must be putting on quite a large point size per trade. To cover margins on this, your trading account must be quite large.
Is my thinking here right?
My account is very small, so I cant really contemplate this sort of trade at the moment. Ive promised myself that I am not going to add more funds to my account until I have built it up by trading successfully.
Well that was the 541tt1e5t day I've had on the markets for a long time!!!
It is almost as though a little man was sitting in my computer telling "them" what to do when I had entered a trade.
Every trade, bar two, went against me as soon as my attention was turned away and stopped me out at a loss.
On one short trade, it sat 3 points long so I turned round, open my sewing box, then turned back. In that time it shot up to hit my stop and then dropped back to what should have been 20 pts profit.......
The only saving grace is the (Shussssh (Whispering!).....) growing profits on PMO and Trin.......
I wasn't thinking about shorting it now. I was waiting for it to get towards the 61.8 Fib which means that it has to break above the 50ema.
Breaking above the 50ema was its final fling before dropping back in November, December and three times in January. In February it just touched it before retracing.
This has been in a solid downtrend since mid 2015.
So 50ema now at 281; 61.8% Fib at 287; chart resistance from the February high at 302; 200ema and mid 2017 downtrend line both at 304.
So I'll watch the 285-305 area for a reversal.
Hurdles for a long are 281 > 287 > 302 > 304 which, if it does turn, can be stops for a short.
Daily RSI is already approaching 60 which is at the high end of its ID range for the last six months which suggests upside here is limited.
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