Saturday, December 09, 2017 10:12:02 PM
5 day average dollar volume $95,391 ($0.0101 x 9,444,690) up from $88,951 last week (source numbers from ProfitSpy)
chart & tools thread post https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136428007
Event catalysts this past week
* Note: Do not expect internal events, e.g. ‘Financing’, during quiet time prior to 10-Q or 10-K.
Any news will be listed in the ‘subsequent’ events sections. I know this for a fact as I have worked for a Fortune 500 Company where employees were warned that they would be “terminated with extreme prejudice” for disclosing information just prior to a Reporting Quarter.
(1) External: Officials Mark Rail Rehabilitation Projects, Dec 04, 2017
https://www.txdot.gov/inside-txdot/media-center/statewide-news/027-2017.html
(2) BuyIns squeeze trigger alert, Dec 07, 2017
http://www.buyins.net/tools/symbol_stats.php?sym=mmex
This is a map, extracted from the Railroad Commission of Texas GIS site (RCT permits pipelines in Texas) The green lines are natural gas pipelines, the light blue lines are crude oil lines. The red polygon is MMEX’s location
http://wwwgisp.rrc.texas.gov/GISViewer2/
* Event chart pattern rules
http://thepatternsite.com/eventpatterns.html.
* Market cap & Performance rules
http://thepatternsite.com/markcap.html
Share Structure
Market Value $14,642,631 a/o Dec 08, 2017 down from $14,598,703 a/o Dec 01, 2017
Authorized Shares 3,000,000,000 a/o Sep 21, 2017
Outstanding Shares 1,464,263,078 a/o Nov 07, 2017
Restricted 913,369,429 a/o Nov 07, 2017
Unrestricted 550,893,649 a/o Nov 07, 2017
Float Not Available
https://www.otcmarkets.com/stock/MMEX/profile
Moving Averages
5 Day Moving Average $0.0101 down from $0.0114
5 Day Average Volume 9,444,690 up from 7,802,680
http://www.profitspi.com/stock-quote/mmex.aspx
Worldwide Web chatter MMEX & MMEX Resources note: MMex is an Australian IT services company.
https://trends.google.com/trends/explore?date=now%207-d&q=MMEX,MMEX%20Resources
MM Short Volume
http://otcshortreport.com/company/MMEX?index=MMEX&action=view
https://www.interactivebrokers.com/en/index.php?key=mmex&cntry=usa&tag=&ib_entity=llc&ln=&asset=&f=4587&conf=am&amref=1
http://www.buyins.net/tools/symbol_stats.php?sym=mmex
Knowing Your Market Makers
http://www.32trades.com/market-makers-knowing-what-youre-up-against/
Monthly Share Volume
http://otce.finra.org/MonthlyShareVolume
Profitability margins
https://csimarket.com/Industry/industry_Profitability_Ratios.php?ind=606
DOE Summary of Weekly Petroleum Data
https://www.eia.gov/petroleum/supply/weekly/
Current Issues and Trends (also Irma & Harvey news & effects)
https://www.eia.gov/petroleum/
US Refinery Rate & Investment tools
http://www.investmenttools.com/futures/energy/index.htm#refinery
MONTHLY Third week of November down –5.04% closing at $0.0132 on total volume 134,282,176
http://stockcharts.com/h-sc/ui?s=MMEX&p=M&yr=2&mn=0&dy=0&i=p36048042088&a=547188854&r=1506614004988
WEEKLY~~~ Symmetrical Triangle, could morph into cup and handle. This ST pattern is about as common as children in a playground and traders see the pattern so often in their scans they can work the trades blindfolded.
*Symmetrical Triangle rules
http://thepatternsite.com/st.html
* Cup and Handle rules
http://thepatternsite.com/cup.html
* RB measure rules
http://thepatternsite.com/roundb.html
http://stockcharts.com/h-sc/ui?s=MMEX&p=W&yr=1&mn=0&dy=0&i=p12807019550&a=547189097&r=1506614504287
MMEX candle pattern chart~~~ new bull pattern setup, no confirmation.
https://stockcharts.com/c-sc/sc?s=MMEX&p=D&yr=0&mn=5&dy=0&i=p76180459826&a=557403428&r=1511660837259
MMEX measure chart: Symmetrical triangle
*Symmetrical Triangle rules
http://thepatternsite.com/st.html
* Busted ST rules~~~ let the fun begin
http://thepatternsite.com/BustSymTriangles.html
* See stop loss locations for the ST
http://thepatternsite.com/Stoplocate.html
* The Swing Trap
http://www.swing-trade-stocks.com/swingtrap-chart-pattern.html
* Throwback rules
http://thepatternsite.com/throwbacks.html
* Pullback rules
http://thepatternsite.com/pullbacks.html
* Turning point rules
http://thepatternsite.com/PartialRisesDeclinesThrowsPulls.html
* Finding Market bottoms.
http://thepatternsite.com/Bottom.html
* Money Management, Day Stops & Volatility Stops
http://thepatternsite.com/ThrowPull.html
http://stockcharts.com/h-sc/ui?s=MMEX&p=D&yr=0&mn=5&dy=0&i=p26284311631&a=547077002&r=1508719472255
3m DAILY
* We are getting T trades and strange buy/sell totals on Level 2.
* Conversion totals prices are: Interest Rate + (Note Value x 150%) = The Real blood sucking Variable Exercise Price
Outstanding notes a/o July 31, 2017
maturing interest variable exercise price
------------------------------------------------------------------------------------------
October 19, 2017 12% $ 145,000
December 12, 2017 8% $ 80,000
May 15, 2018 8% $ 115,000
May 16, 2018 8% $ 60,000
May 24, 2018 8% $ 173,000
March 30, 2018 12% $125,000
*June 01, 2018 12% $115,000
Form 10-Q Quarterly Report* 09/12/2017 07/31/2017
https://www.sec.gov/Archives/edgar/data/1440799/000147793217004429/mmex_10q.htm
* Subsequent Event
Note: A reserve of 810,836,463 class A common for outstanding warrants and above notes.
https://stockcharts.com/h-sc/ui?s=MMEX&p=D&yr=0&mn=3&dy=0&i=p75407060163&a=555723415&r=1510359520169
15d 60min
https://stockcharts.com/h-sc/ui?s=MMEX&p=60&yr=0&mn=0&dy=15&i=p67040221361&a=548167419&r=1507046589117
6d 15min
http://stockcharts.com/c-sc/sc?s=MMEX&p=15&yr=0&mn=0&dy=6&i=p58340258228&a=557687427&r=1511030177083
Common Trigger Chart
Note: This is the chart URL, and it is a universal template. You can replace the MMEX symbol with another stock. Bracket the URL using the IHUB “image” function and you will be able to post a chart anywhere on IHUB. If you feel really ambitious you could try to post this URL on the breakout boards in chart form and just hope you don't get a TOS violation with a royal screw-up.
http://stockcharts.com/c-sc/sc?chart=MMEX,uu%5Bw,a%5Ddhclyiay%5Bdb%5D%5BpB50!b2!b5!d20,2%5D%5Bvc5!c20%5D%5Biut!ub5!ua5,15,10!uv8!lk9!ll5!lc15!lf14!up5,5%5D%5Bj20444984,y%5D&r=3555
#1. AROON- 8 You watch as the AROON DOWN crosses the 75 down and the AROON UP comes up from zero. Most important. (\0/)
#2. WILLIAMS%R- 9 You watch the line cross the 50.
#3. CMF- 15 You will usually only see growth when the CMF is in the negative.
#4. ADX/DMI-5 You watch as the D+ line either crosses the D-, or crosses above the 20.
#5. MACD histogram- 5,15,10 You watch the negative bars register -50% smaller then the bar before it, or -50% smaller then the largest in the grouping.
#6. Full Stoch- 5,5 You watch the fast line cross the slow line while the AROON DOWN(8) crosses the 87.50. Crossing the 20 would be best, when the Williams agrees.
#7. Bollinger Band 20,2 You watch for the Magic Box to occur when the negative close touches above the lower bolly and the next day’s close to it is positive growth in a white candle.
#8. RSI 5 you watch as the indicator crosses above the 50 for a quick pop.
THE MAGIC BOX
A gift from The Seasonality Stock Reports Board
The reason that I named this setup the Magic Box was so that you could relate to it and remember it faster. Without relationship to something, it is nothing to us. It must be something memorable to you before you can set it into your subconscious mind and see it always.
(A) The Magic Box is a pure two-day pattern. Basically the "close" of a red candle printing on or near lower Bollinger Band with the next day printing an "open white candle."
(A1) On day one the Aroon Down is setting at 100 on the indicator and price is near the lower Bollinger Band. The Candlestick is dark-shadowed.
(A2) On day two, to form the Magic Box, the Aroon Down must drop to 87.50, and price to form a white candle, to complete the box. No other indicator is watched until this occurs for this setup, just the Bollinger Band and the Aroon Down.
If you see a Magic Box develop, that being, on the first day the Aroon Down going from 100.00 while the close is either on or just above the lower Bollinger Band and the second day the Aroon Down is now 87.50, you have a Magic Box.
(B) The buy opportunity occurs when the confirmation of two things happens: on day three or few days later the Aroon Down goes to 75.00 and the Williams%R comes above the -50%. That is the buy. The Williams must come through the -50%. It may take more than three days but you must wait for the confirmation of the William%R. I have seen again and again, the Aroon Down come down from 100.00 to zero without the Williams ever crossing the -50%, those are the ones you pass on. There will be no growth when this happens. At most there is consolidation or a small drop. During this process the Aroon Up can rise slowly but without the Williams you have nothing.
There are other Magic Boxes that develop in a stock's life cycle, too, and they, too, can give great growth. These are the supported median, the floating, and the rising Magic Boxes. The buy-in criteria, though, will remain the same for all of them. The Aroon Down comes to the 75.00 and the Williams crosses the -50%. Sometimes it takes 3 days to accomplish this in a chart, though the William%R can sometimes take as long as 5 days to confirm. You must wait.
Trading: It is highly recommended that you paper trade the system to familiarize yourself with it thoroughly. As with anything in life nothing is guaranteed, so, always use appropriate stop loss according to your risk tolerance.
Kenneth J. Goodrich
http://investorshub.advfn.com/SEASONALITY-STOCK-REPORTS-1616/
Day trading STP charting:
Note: This only works with the 2 day 10 min chart.
* Text & Source: http://investorshub.advfn.com/Short-Term-Pinch-(STP)-32033/
The EZ way to Understand My Abbreviated Short Term Pinch Known as (Big Sams ASTP Chart)
The Top heavy blue PPO(12,26,9) and FullSTO are the Buying indicator
The Bottom heavy blue PPO(12,26,9) and FullSTO are the Sell Indicator.
The Top and Bottom PPO/FullSTO are Identical
The Middle heavy red PPO(26,12,9)/FullSTO Indicator is the Opposite of the Top and Bottom PPO(12,26,9)/FullSTO Indicators and is the Key to how it works as it will go to the Top or the Bottom.
The Heavy Blue Line for the PPO(12,26,9) is the Main Indicator Line and when it Hits the FullSTO just ahead of the Other Indicator Lines it sets in motion when buying or selling will occur and gives you a Very Clear Picture of what is Going to Happen,
If Middle red Pinches at the blue Top, The Price Will Go Up
If the Middle red Pinches at the blue Bottom the Price Will Drop.
When all the Lines Come together it looks like an Arrow as they all come to a Point.
When this Arrow Point Starts to Come Apart it Signals when Buying or Selling will start pending on which PPO/FullSTO Indicators came together (Top is Buying, Bottom is Selling, Really EZ to understand and follow)
THE "Short Term Pinch" or "STP"
When you see the ADX5 Spike up and at the same time all 4 lines from the Bottom PPO/FullSTO drop down to the bottom and they Sort of Come Together and then Come Apart, this is called a "Short Term Pinch" or (STP) (The ADX will usually Go up, get close, and then curve back down and right as this happens the 4 PPO/FullSTO Lines Start to Turn up (Called, lifting it’s toes up)
When this happens the Stock will shoot up and run. (Remember, These are Short Term plays and why they are called a “Short Term Pinch”)
Make sure you confirm it with the CCI20 as there are Fake outs.
Need the CCI20 to go straight up and usually past 100 and hold above it to Confirm it.
Many times it will lay flat over to the right and you have to wait.
Watch and learn. Once you get the hang of it you will be able to buy before the CCI20 Completes but I don’t want anyone losing money and this is a type of Fail Safe.
I also check my ADX +DI and -DI Indicators and when the ADX +Indicator crosses up Through the ADX -DI it is a Very Positive Sign. If it crosses Down It’s Negative.
If you See the ADX14 +DI Crosses up through the ADX14 -DI its a really Good Sign, If the ADX14 +DI Crosses down through the ADX14 -DI I will usually Sell Some Shares
But you need to look at the whole Picture and the more you watch the better you will get at this and the more Money you will make, Believe me, It becomes Very EZ once you realize what it is you are seeing. I had an AHA Moment when I figured it out.
http://stockcharts.com/c-sc/sc?s=MMEX&p=10&yr=0&mn=0&dy=2&i=p81206957537&a=547192351&r=1512874917589
UPDATE: Abbreviated PPO/FullSTO Short Term Pinch or “STP” Chart Explanation
You will Find that I made My Chart Very Simple to Follow as you are looking at a Moving Picture.
With the Abbreviated Chart there are Only 3 Main things to watch,
The THREE PPO/FullSTO Setups Just Below the Volume and the Candles, The ADX5 with +DI and -DI,
And the CCI20. That’s it. Follow those and you will Always be Right, Always.
NOTE A1: When I Say “STP” I am Referring to a “Short Term Pinch”
NOTE A2: When I SAY CONNECT I am talking about the "Main Red Line" of the Middle PPO/FullSTO as it Connects to Either the Blue Top PPO/FullSTO or Blue Bottom PPO/FullSTO doing, Very Simple.
1.Watch the Middle PPO Main Red and see where it goes.
A. If it Connects to the Top PPO the Stock will go Up
B. If it Connects to the Bottom PPO the Stock will go Down.
C.This is what makes Stocks Change Direction.
2.BUYING: Once you see the Top Blue and Middle Red PPO Lines Connect , Look at the CCI20 and ADX5
A. Usually the ADX5 +DI will Cross through the -DI first as a Confirmation.
B. Then Watch and see what the CCI20 does and if it shoots straight up and past the +100 Line The Stock WILL GO UP.
C. If the CCI20 starts to go up and then rolls over to the right, it’s not ready and you have to wait for it to Complete as it is always best to wait for it to go up through the +100 Line, Could take Second, Minutes, or Hours. (Volume Matters)
D. Once all this Happens you will see how the Middle and Top PPO’s have Pinched Together and then come apart and keep getting Wider and Wider and at the same time the Stop keeps going Up. Very Simple, This is what these Indicators show, Stock Price Movement.
3.The Potent Short Term Pinch or “STP”
A. When you see Every Line from the Top PPO/FullSTO go down to the very bottom and Red Middle Connect, look at the ADX5 just below it.
If the ADX5 has shot up and gets Really High and almost touches the Point where all 4 of the PPO/FullSTO lines are connected at the Bottom
this is called a “Short Term Pinch” or “STP”. Once again, Check the CCI20 for Conformation of Completion.These are Very Powerful and the Stock almost always shoots up considerably.
I have made a lot of Money on “STP’ Runs very quickly.
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