BHP - BHP Group

[Student of Gann]

thanks . good luck with everything .

 

[cutz]

thanks . good luck with everything .

Hey Buddy ;

Those 39.50 Puts are looking pretty good now ! Are you thinking about unloading or continue riding them ?

 

[Student of Gann]

Minor Low is indicated for 21st August with Main trend down to the 28th so I might continue to ride the move down and look to reverse positions on either the 28th August or 3rd September if price co ordinates line up . From recollection the 19th - 20th August should be Intermediate Top on the SP500 but will have to check my notes on this as I am now concentrating on entering CBA between the 20th - 21st August where Low is indicated . All the best .

 

[cutz]

Minor Low is indicated for 21st August with Main trend down to the 28th so I might continue to ride the move down and look to reverse positions on either the 28th August or 3rd September if price co ordinates line up . From recollection the 19th - 20th August should be Intermediate Top on the SP500 but will have to check my notes on this as I am now concentrating on entering CBA between the 20th - 21st August where Low is indicated . All the best .

Thanks mate, you too.

I reckon the BHP sell off will pick up again tomorrow !

 

[Student of Gann]

Past reactions are a good indication of what to expect . 7th April 32.29 - 22 April 28.76 a decline of 12 1/4% in twenty days . 10th June 38.09 - 22 June 34.70 a decline of 9 1/2% in twelve days . 21st July 38.84 - 31st July 36.59 a 6 1/4% drop in ten days . A close below 38.50 will put price below the first square .

 

[Student of Gann]

Minor Low indicated for 21st August . Position closed.
Entry 1.75
Exit 2.44
Duration 11 Days

 

[cutz]

Minor Low indicated for 21st August . Position closed.
Entry 1.75
Exit 2.44
Duration 11 Days

Well done mate !

 

[Student of Gann]

Thankyou
3rd - 4th September Main Low is indicated .

 

[cutz]

@Student of Gann

I'm still net short on the BHP delta but using different methods, results a few days ago and ex divi next week is making me a little nervous although I have reduced my assignment risk.

 

[Student of Gann]

good luck with your position . I am out of the market till the 3rd September awaiting a clear signal on BHP .

 

[cutz]

good luck with your position . I am out of the market till the 3rd September awaiting a clear signal on BHP .

Thanks mate, the 3rd is ex div so there could be some action.

 

[Student of Gann]

Preliminary Analysis .

 

[Student of Gann]

ok thanks

 

[cutz]

Hey Student of Gann

Just an observation, that sketch you posted above is shaping up to be bang on.

 

[Garpal Gumnut]

I was at a Roundtable discussion at the Duke of Edinburgh Hotel in Walkerston QLD last night and coal is now not being washed out of the mines for transport by train to Hay Point. It’s being stockpiled ++ for when industry opens in China and price goes through roof. I’ll be buying in October.

gg

 

[cutz]

I was at a Roundtable discussion at the Duke of Edinburgh Hotel in Walkerston QLD last night and coal is now not being washed out of the mines for transport by train to Hay Point. It’s being stockpiled ++ for when industry opens in China and price goes through roof. I’ll be buying in October.

gg

Excellent mate,

What's your instrument of choice to catch the coal price ?

 

[Garpal Gumnut]

Excellent mate,

What's your instrument of choice to catch the coal price ?

Fundamental : A dramatic fall in the price of houses in Toorak when the unwashed storm the gates.

Charts : In reality a long bar down on high volume ending 1/3 up from the low on volume ascending during that week in October.

gg

 

[Student of Gann]

Thanks . 4th September should hold . I have almost completed a Curve out to November . Regards Grant

 

[over9k]

I was at a Roundtable discussion at the Duke of Edinburgh Hotel in Walkerston QLD last night and coal is now not being washed out of the mines for transport by train to Hay Point. It’s being stockpiled ++ for when industry opens in China and price goes through roof. I’ll be buying in October.

gg

Which mines? BHP's? When you say buy, do you mean BHP or something else?

 

[Garpal Gumnut]

Which mines? BHP's? When you say buy, do you mean BHP or something else?

BHP is one of the main exporters of coal and employer in the mines west of Mackay.

I expect March lows to occur in October and I’ll be buying BHP

gg