is...Either trading futures or fishing
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Gold is up around $17.00 since the futures market opened up yesterday evening. Lets see if GDSM can take a little cue off of it
Been on ihub for a little while. Didnt know they had a gold futures board. Seems there are not to many futures traders on here. I trade futures for a living. Nice to finally find a home on ihub
Finally! I found a board on ihub where im at home. I trade futures for a living. Didnt know they had a futures board on ihub. We are going to see a nice rise in gold in the week and into the next week. Here is the daily chart. We have an inverted head & shoulders pattern inside a nice pennant pattern. Ive been holding this position since friday.
Ive already flipped this and loaded up free shares 2 weeks ago. Been in this one a while. I dont watch L2
Also i forgot to tell you. I dont make calls on the top. I only hold until its over extended then i exit my trade. When a stock is getting over extended above the 20 period EMA i watch the volume on the one minute chart. When it starts to slow i make my exit
If your asking my opinion as a professional day trader then i dont think its going to. It has a better chart than MJNA. Look at the 2 hr chart i posted below for MJNA. Im a professional futures trader and i flip pennies for fun. I dont do any dd on any stock. I only look at charts and make entries on what a chart is showing me. Been trading the same way for a little over 11 years now.
I look for a pattern in a chart or some kind of support level. For a few weeks MJNA was riding along the 200 period EMA and told me something was going to happen. When it made its run i waited until it got way extended above the 20 period EMA. Thats the blue line i noted on the chart. After it hit .10 i sold.
I waited for it to pullback into another support. That support was again the 200 period EMA. I bopught back in at .05 and am waiting for another run. I rode it from .023 the first time i flipped it. Im also in the other stock also. Just got back in
Your welcome buddy
I prefer a volume decline. When you have consolidation with the stochastics into oversold you want a volume decline. With a strong pattern on a chart thats textbook for a breakout
Your welcome
I also forgot to ad that its riding very nice along the 200 period EMA. Dont think it will be to much longer before we see the breakout
Dont know about the company. I dont do dd. But your not gonna find any better charts and patterns than this on the 2 & 4 hour. Im strickly a chart player
LOL. That was funny.
That is how they make their money. They are in this just as you and i are. To make money. They play it then let it run. Sad thing is 95% of pennies dont make it. I only play them if they have a chart and parameters to go with it. If this wasnt showing something to me i would have never ben in it
It will go up when its allowed to go up. Look at the one minute intraday chart. And see how many shares it takes to manipulate it. The mm's control it an not anyone else. We can have 300,000,000 shares traded today and they can still keep it down When they allow it the consolidation will end and it will pop. And to answer your question about anyone on this board having influence. The answer is no
Take a break and come back here in about a week or so
Believe me when i tell you that there is no one person or group of people on this board that will make this stock go up or down. No matter what is said. There is some that would like to believe that but it will never happen
I know its free money because i already flipped it twice and riding free shares
If you go back and read my post you will see where i said that i consider every penny to be a POS. I could care less about it. Just free money for me
In my opinion every penny is just another POS stock but when i have one that is showing me a chart to play i play it. I became very wealthy trading over the last 11 years. I only play pennies for fun. I make my livin in the futures market but i will take free money anytime. This stock is free money. You also said this was a pump. This stock has never been pumped anywhere. But like i said. This is still just another POS to me but im already in heavy bank on it
You said your following to watch and learn. Im asking what your following to learn?
Looks like a very strong support to me. On the 2 hour i posted its showing a strong consolidation along the 200 period EMA. And on the 4 hour chart i posted it pulled back into the 200 EMA to test it and was stopped dead. I like it
GDSM 2 & 4 hour chart. Guys this just dont get any better for chart players like me. On the 2 & 4 hour charts below your not gonna find a better cup and handle pattern with all the parameters to go with it. I see alot of people saying we need more volume but at this point you dont want it. Major buyers like me and thousands of others look for a good pattern and a strong decline in volume with stochastics into oversold levels. If i had my way this chart would be in all the girlie mags as the centerfold. This chart is sexy as hell
Not quite sure i understand the question
boywonder1
I cant answer pm's. I said there would be a breakout. I didnt say this week. I also said i have 1/4 my position for sale at .10 but i never said it would hit that this week. I only said what i had for sale. Go back and read my post
The S&P and gold futures is my bread & butter so when im trading it i dont pay to much attention.
doubt it
Sorry. didnt read your whole post. Was busy trading gold futures
Im still a ways from flippin it. Got 1/4 position for sale at .10
The handle on this pattern wont be finished until it gets back up to the lip of the cup. Thats at the .013 resistance level