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Closed N/U for a nice overnight 100 pip gain. Think it will go higher over the next few days, so will try to stay predominantly long. But looks a little over bought here so will try to re enter again at a lower price. Probably later today. May even get a short scalp opportunity.
Thinking about short U/J but it could be a day or 2 early. for this trade.
SG, yes to everything you said about using stops. You word it better than I can. I learned the hard way many years ago, like about 24 years ago, when I still traded futures contracts mostly. Those guys love to run stops. I had a pretty honest broker that I placed orders with, and I asked her about if when a stop is set, do the people on the comex floor know where the stops are at, and she told me that yes, they do. The pit boss knows on his computer. Well, ever seen all those crazy hand signals the floor traders use.... The floor traders pay BIG dollars for those seats, and they get advantages that the small private traders do not get.
My N/U is looking good at this moment. Gonna take a chance and let it run tonight. Catch you in the morning.
My policy over the past 20+ years is to NEVER use stops. They just give your position away. Particularly in the stock market. Take a trade and ride it come h or high water. Rarely will they not come back to your side eventually. But with this mind set, you can not over extend your positions. Spread the risk.
Pretty much the same for me for the U/C. Waiting for a drop before buying back in. But it is in the clouds and up against a 200 bar MA right now. If it breaks and closes above the 200 on the daily, then I will likely go long again. But the pattern could fail completely in this area also. IE a drop. Then need to re evaluate before buying again.
Bottom line is that I do not see a clear trade here right now. But If I where still long and well in the money, I would hold here.
Hi SG. Yes, trading predominantly with the dollar & skalping the other side when it gets over bought. N/U is pretty low on the longer term charts, so willing to hit it right now. OK so far.
Been using your fib system quite a bit lately. Getting a pretty good feel for certian patterns now. Like it for exits mostly, but it is good for entry's as well. And using it in conjunction with the TDI on the shorter time frames. Still using clouds, keltners, average crossovers and SSL bars for my attempts to catch carry trades for the longer term.
Been checking in once in a while today. Was long N/U over the weekend. Covered & went short this morning. reversed again a little while ago & now long again. Picked up 44 pips so far since the market open yesterday.
Waiting for a pullback in U/swiss to buy on a dip (maybe).
Thanks a lot Tom!! LOL
Closed ma last U/swiss here for a small profit. Want to watch it a little more before re entry. Think it will likely just pretty much go sideways untill later tonight. Besides, I have N/U out of the money a little bit here. Not wanting to potentially have 2 pairs go against me.
Hello Tom, good to see you here. No, I never even look at the USD index. I have specific systems set up for 5 different individual pairs. I use the mt4 platform for trading. Check with pennies2007, he tracks everything including tidal conditions to place his trades. Gotta admit, He & SG are the best when it comes to FX.
Pennies, the EU does look weak here. Could break down. But I probably will not trade it right now. Like the CHF better. It,s a little less volatile and no big issues like the bail outs that the EU is constantly being hit with. I do sometimes trade it, but just not right now. Thanks for the help. Appreciated.
"It's important to remember this bulk sampling is in a white channel or quartz vein and is not included in the 5 main Tertiary Channels mapped out for mining. Any gold found here is kind of like extra free money. "
It's also important to start with lower gades to get the equipment de-bugged and personel familiar with it. New mines or re-opens never start with what they would consider the best grades. They check the tailings for lost gold from sample runs.
I just decided to split the difference and took a little profit on one entry level. Will keep 1/2 the position and see what happens. Can never argue with positive pips.
Gotta check my # of posts for the day. May already be close to running out pennies.
Yup, u/swiss bounced off the 50 day avg. I am green now in it & may take it off the table. But think the possibility exists for a test of the 200. If so, it would put it in the ishi clouds before failure.
Not certian right now tho but watching it closely. Keltners gonna cross end of day, but they fail once in a while. Syria messing things up.
Wow, this company bought an oil lease in PA from DKGR. Someone better check to make certian that it is not setting vertical on the side of a big cliff somewhere. DKGR = one of the certifiably known scam companys that I have ever seen. Smith was their ceo several years back. Never trust any ceo named smith without doing a MAJOR background check first. Think he got busted by the sec but not certian.
I am just now taking a look at this one.
I see a letter written by the ceo indicating dilutive financing. How much & what timeframe ect.
Anyone here have any GOOD dd on this company?? Read a few posts, but mostly just garbage being thrown back & forth. How about some constructive/comprehensive posts.
Nice decending channel for the last 51 business days, counting today’s bar. Williams %r running in the upper range suggesting overbought. Last weeks spike did nothing other than move the upper channel line
Up a little bit.
The 50/200 MA are trending down pretty hard, and the spread between the 2 does not look like a golden cross is EVEN REMOTELY in the near future.
This TA is my analysis of the short term facts.
Now for the long term. A nice neat DOWNWARD trending channel can be drawn on a WEEKLY chart starting in mid August 2009, (4 years of data). This channel starts just after the pump & dump spike to around .22, (created by keevles entry as ceo).
The long term decending channel is supported by the volume. It has dried up to almost nothing, relative to 3-4 years ago. The minor 51 day current decending channel fits neatly into this larger decending channel quite nicely. The williams %R for the long term channel is indicating a LOT more weakness overall than strength.
Based on this, the top of the channel presently sets at .048 (that should be it for the next news spike, if one occurrs). And a more likely touch of the lower channel currently sets at .003.
BE SMART, find a stock to invest in where the technicals AND FUNDAMENTALS indicate upward trends and momentum. Not downward trends and momentum.
Keevle HAS FAILED for the past 4-5 years.
That's all I need to know.
Went long NU pennies. First time that I have ever traded this pair. Just finished setting up a couple of charts for it. Daily Keltners are spread wide open and my version of the TDI is oversold.
15 min keltners just crossed to the upside. No risk = no reward
prelim gdp came in positive for USD. Good for U/swiss.
AU could be determined by the prelim GDP coming out at 8:30. Think I will hold it for a few more minutes, but likely will exit before news this A.M. Also employment # could also be a miss. U.S. data has been ugly lately.
My GUESS is that the Pre. GDP will be a miss, Adding fuel to the Aussie, but that is just my guess. Not willing to bet on it this time.
Got a pleasant suprise this morning in U/swiss. Almost profitable again.
EDIT- Got out of AU for now. 10 pips profit.
Pennies, that is some great trading you did today. Hope you don't get to rich to mess with us mortals here!!
AU trade from this morning looking ok and fundamentals support it "this evening" at least. U/swiss looking better for me now. Still gonna make money on it come H or high water.
I may be getting short on posts left for today.
"You never answered my question. Where is it exactly that you would reconsider your position on the stock and re-enter (technically speaking)?"
I have no answer to your question Tom. Without news, this stock is going nowhere but down over the longer timeframe ie weekly chart. IF ROCK SOLID news breaks I will re-evaluate. But no more if's or shoulds or other vague/ambiguous releases from keevle will do it for me.
It,s possible that I would try to re-enter on a blow off spike down if I could catch it. Maybe a few more shares around .01. Did it once before on this stock and picked up some really oversold shares years ago.
Reality on the upside is that if this SPIKES to .23 I will make GOOD money on the 7.5K shares that I still hold. And I would NEVER sell them, because furter upside would be likely. Highly unlikely tho.
You mention the currency markets. If I had put the same # of dollars to work that I had at times in srsr over the past 4 years, with the same success rate that I noe enjoy in the FX, I would now be wealthy beyond my biggest dreams. I have DOUBLED my FX account in the past year. About 70 trades & 0nly 2 loosers for small losses.
My biggest money is still in the stock market, and presently hold 8 different issues. I do not need or want big positions in looser stocks like SRSR.
A bobcat type loader is likely an option in relatively small mine shafts and smaller size ore carts. Do not know for certian, but 1 scoop with a bobcat bucket would likley be 700 - 1000 lbs. Maybe more. Battery operated would be ideal.
Farmers use them a lot in barns and they are pretty inexpensive. May even be jackhammer attachments for them.
Nice decending channel for the last 50 business days, counting today’s bar. Williams %r running in the upper range suggesting overbought. Last weeks spike did nothing other than move the upper channel line up a little bit.
The 50/200 MA are trending down pretty hard, and the spread between the 2 does not look like a golden cross is EVEN REMOTELY in the near future.
This TA is my analysis of the short term facts.
Now for the long term. A nice neat DOWNWARD trending channel can be drawn on a WEEKLY chart starting in mid August 2009, (4 years of data). This channel starts just after the pump & dump spike to around .22, (created by keevles entry as ceo).
The long term decending channel is supported by the volume. It has dried up to almost nothing, relative to 3-4 years ago. The minor 46 day current decending channel fits neatly into this larger decending channel quite nicely. The williams %R for the long term channel is indicating a LOT more weakness overall than strength.
Based on this, the top of the channel presently sets at .048 (that should be it for the next news spike, if one occurrs). And a more likely touch of the lower channel currently sets at .003.
BE SMART, find a stock to invest in where the technicals AND FUNDAMENTALS indicate upward trends and momentum. Not downward trends and momentum.
Keevle HAS FAILED for the past 4-5 years.
That's all I need to know.
Yes, nothing is dead on certian to happen in the forex!!!
Gotta go do some homework on a couple of penny stocks. Had a good day in the market yesterday considering the dow/s&p. Select penny stocks can be great place to be in this kind of environment.
Currently holding 6 positions. A mixture of stuff from 1.5 cents up to over $9 per share. 4 out of 6 green yesterday, and the 2 that where down are both gold stocks that got ahead of the curve & needed to pull back a little bit.
Gotta go do some reading. Good luck with your trades guys.
Been looking at AU a little more this morning along with my first cup of coffee. My keltner channels on the longer time frames are just now entering a stage where a cross is setting up telling me to go long. That's my first and strongest indication. May stick with this one for a few days or more.
And pennies, your systems seem to detect fortcomig directional changes a little faster/easier than mine. Your posting is helpfull to everyone on this board. Kudo's
Well, I am still in some out of the money positions & plan on holding them forever or longer if necessary. I hate losses. Got out of U/swiss positions that I took last night just to keep the balance in my portfolio moving upward. If the u/sw keeps going up, that will be just fine with me.
Was looking at the A/U last night, but could not decide.
Covered last nights U/swiss for 16 pips & now just went long your call A/U pennies
Well, I may be crazy, but I added a little more U/swiss down here. Should be getting a little support and TDI parameters are low and pinched pretty hard.
May just flip it or hold. Not certian yet. Syria's not gonna kick our hynie's.
Lemon, that's 24,000 tons my friend. Not 24 tons. BIG difference.
You are right about .06 being support, but the only reason it hit .06 today is because someone painted the chart on the very first trade at the open this morning. I have been in nbri for 3 years now, and a lot is coming in the near future regarding fundamentals. Not just the ruby mine.
Only downside is a few convertables (est. 750k - 1m) coming into the market right now. CEO is one of the best I have seen in the mining industry, and has done a great job of paying off past convertables to minimize dilution. Only better ceo that I know of is Mr. Reid of GORO corp.
Obviously the million dollar question is how much gold will they find. But the past history of this mine is pretty impressive and not mined out. Biggest nugget found in the history of U.S. gold mining came from this mine. Mining halted in 1942 by U.S. govt. because the war effort at that time took priority.
PZOO is a notable stock. I have been watching it for about 10 days now. But have found better to diversify with.
Got 11 pips on E/U trade. Will probably re-enter later.
Forget pzoo. Take a look at NBRI news out today.. The perfect storm is brewing ..
Just gotta say I'm tickled to death with this news. Bought my starter position about 3 years ago at .017 & have added lots at good prices since then. Now my biggest holding & will add whenever funds are available.
North Bay Resources Inc. (NBRI): Test Mining Commencing at Ruby Mine
Date : 08/27/2013 @ 8:33AM
Source : Marketwired
Stock : North Bay Resources, Inc. (QB) (NBRI)
Quote : 0.0738 0.0 (0.00%) @ 8:22AM
North Bay Resources Inc. (NBRI): Test Mining Commencing at Ruby Mine
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Alert
North Bay Resources, Inc. (QB) (USOTC:NBRI)
Intraday Stock Chart
Today : Tuesday 27 August 2013
Click Here for more North Bay Resources, Inc. (QB) Charts.
North Bay Resources Inc. (OTCQB: NBRI) ("North Bay" or the "Company") is pleased to report that the Company has gained access to a section of the Ruby Mine known as the White Channel and is now preparing for initial test mining operations.
The White Channel runs parallel to the Ruby Tunnel, and is close to the Wolf Vein in a section of the Ruby tunnel that has been fully retimbered and ready for mining operations to begin. The White Channel system is known to be associated with the quartz veins at the Wolf.
Preliminary estimates are that this section of the White Channel where the initial mining will take place contains at least 16,000 cubic yards of mineable gravels, or the equivalent of approximately 24,000 tons. Initial mining activity will consist of bulk sampling of the resource to determine the expected average grade. Assuming the gold values are economical, a mining plan will be implemented to begin gold production immediately.
Additional information will be forthcoming once the initial bulk sampling has been completed and the Ruby engineering team can evaluate the results.
About The Ruby Gold Project
ES1, great posts today regarding this ahhhum "investment" opportunity and lack thereof.
Yup, not expecting a reverse lightning strike on it, particularly at this time of the day. But given ANOTHER crap news day form the U.S. the trade makes sense.
Still holding some long U/swiss. Actually holding up pretty well considering news. Bernanke probably telling his bank buddys to support it at all costs!!
OK pennies, I took one of those long E/U thingies about 1 min. ago.
Nothing else to do today anyway.
Did a starter position here a little while ago at .071
Want this 3d exosure for the long haul. Also govt. connections it looks like.
Do you have anything constructive to add to your post. The correct or incorrect spelling of his name is of absolutely no importance to me. It does not deserve even the time to double check it. My point is made.
Tom, if I am right, I gain by not being in this stock. If you are right, it will only be after SOLID positive news comes out, I can always re enter. In the mean time, my money is at work elsewhere and producing positive results.
I have at least 6 personal reasons for stating my beliefs, including what moojer is posting. I will not state my personal reasons because they would just attract B.S. retaliatory posts from the perma bulls.
I do respect your opinions because you have made some good calls in the past 5 years. But now feel that your ta is not strong enough at this time.
Keevle has not produced to date. Who wants to tie money up in a downward trending stock..
Nice decending channel for the last 48 business days, counting today’s bar. Williams %r running in the upper range suggesting overbought. Last weeks spike did nothing other than move the upper channel line
Up a little bit.
The 50/200 MA are trending down pretty hard, and the spread between the 2 does not look like a golden cross is EVEN REMOTELY in the near future.
This TA is my analysis of the short term facts.
Now for the long term. A nice neat DOWNWARD trending channel can be drawn on a WEEKLY chart starting in mid August 2009, (4 years of data). This channel starts just after the pump & dump spike to around .22, (created by keevles entry as ceo).
The long term decending channel is supported by the volume. It has dried up to almost nothing, relative to 3-4 years ago. The minor 46 day current decending channel fits neatly into this larger decending channel quite nicely. The williams %R for the long term channel is indicating a LOT more weakness overall than strength.
Based on this, the top of the channel presently sets at .048 (that should be it for the next news spike, if one occurrs). And a more likely touch of the lower channel currently sets at .003.
BE SMART, find a stock to invest in where the technicals AND FUNDAMENTALS indicate upward trends and momentum. Not downward trends and momentum.
Keevle HAS FAILED for the past 4-5 years.
That's all I need to know.
Tom, I missed on the call for a touch of the lower short term channel last week. I admit it. But nothing changes the fact that this stock is in a down trend. And .013 or lower is still quite possible in the future.
Did a starter position at .07 but it never even took ETRF off the ask at .007 Ameritrade must have filled from inventory.