Grinding
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You never short using charts, you just go off your gut. That's why. I can go back to 9 of your posts where you lost money doing this. Have you taken the time yet to try and learn charts and set stops etc.?
Stop shorting if you can't go long.
Yes sir. Try to break this week hopefully. 3rd round of layoffs at my company coming up, unless this breaks. We had some at another location yesterday word around the office here. 50.
Lets see this try to get through the 54-55 muck this week.
55, do a jive?
yes sir. Ready to try to fight through 54-55 again.
Depends how fast it gets there.
2.70 before the news. jumps with the news. 2.70 after the news.
Hmm, it seems the news is already IN THE PRICE. Damn you news. I thought you could guide me since charts don't workkkkk.
Meanwhile, dollar rising again. Oil playing oblivious. Strong shit. That's what held down the hourly.
Good luck. What did you sell at earlier? 2.73?
Market not even correlated
They doing this shit daily this week it seems. Trying to suck all they can.
Not to mention the government will interfere. Can't make money off them. Like how they interfered with the cure for cancer. Like how they interfered with Cars running off oxygen. Like how they interfered with Tesla and free electricity for everybody.
It's all about money.
2.48 was the low. Magic number.
http://www.nasdaq.com/symbol/uwti/premarket
Chart entry Dennis
I would enter now as shorting, with a tight stop Dennis. Kind of unprecedented.
The 50 and 100 are kind of tight, so this is a riskier play, Really you would want to wait even longer. Until the 100 MA cross. But risk management. Worth the risk to me with the stop. I have the money. But I'm still long anyways. For now.
Remember, its okay to lose sometimes, just don't lose big. Set your stop.
Oh snap. Thanks for that.
Aside from rig count tomorrow , nothing yet.
I'm sure. lets hit it now. Or overnight. Idc. The irony of it being so close to filling the gap at this point in time.
Indeed.
These robots can keep the price exactly where they want it.
Dollar closing high, oil closing the same.
Could be 52.18 or 52.30. History there. Assuming 51.88-52.00 wasn't it. But really, who knows. Damn robots.
That 99.00 DXY.
I'm watching. Not convinced yet. They did this pre-market too. Expecting the dip back down. but we'll see.
Algos trying to put a convincing run to convince scrubs to buy, then sell when she dips, only to go back up. We shall see. I'm still waiting to point out to dennis when a target buy would be lol.
I didn't post because I know what's going to happen. Hence the question marks. I posted because how it acts when it gets to that point, will tell us which way it will go..... #ProTip
Yeah Greece is huge. And XIV has been a good quarterly investment. Something is gonna turn the dollar down for sure though eventually. It's all a show anyways. The worlds a stage.
I ran out of posts yesterday, but wanted to acknowledge that I agree with you here.
We're getting used to these cheap prices, but I feel, even at the level it is today, it can be dumped at 2.07 a gallon relatively quickly.
Would be nice for one more huge dip to short/add to core. Hopefully it happens.
You mentioned the higher lows, but you forgot to mention the higher highs! So bullish.
For now anyways.
A 50 DMA doesn't move oil. If you you're gonna post on this thread, please be accurate. You probably shouldn't post about charts since you know nothing about them. Someone might believe you.
MMs aren't real. Charts are real. Naked bars aren't real. Profits aren't real.
But yes. Yes it is very awesome.
It's depends on how long term i'm looking. I use minute, hourly, daily mainly, and have posted pics of all 3 on here. And use them according to what I'm looking to accomplish.
Testing the 100 HMA
If I was shorting Dennis, I wouldn't re buy back in, unless she bounces above the HMA50. I'll point it out this one time, let you know my stop, so just in case, even with my cushion I give myself, it's not a true break, I don't lose alot.
That time may be today/tomorrow/friday/monday, idk. I can't tell the future. Thats not what charts are for!
But based on the CHART, if I was shorting, I would tell you my entry, when it comes. I promise I'll update you Dennis.
For sure, anything to help.
I just want people to know all the tools available to them, there's many to choose from, and no correct one. Using multiples together, will help a lot more than choosing just one.
I don't like when people discredit charts on these forums, because some people might believe them. And that's a missed opportunity for that person.
It's okay to not invest off charts. I'm not trying to force anyone. But to discredit a proven tool, on an investing board at that, is foolish.
My best advice is to Google every term you read on these boards that you don't understand. Google is your friend. A chart term or acronym you don't understand? Google it! Acronym won't show up? Type "stock term" or "stock" or "stock definition" after it! (Ex. "MACD STOCK" took me to http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:moving_average_convergence_divergence_macd )
Also, when you search for that term, and you find your answer, spend some time browsing the site that the term took you to! The site is obviously dedicated to stock chart help or stock terminology/definitions help! Read around! Browse around! Don't expect to be able to take shortcuts and have everyone tell you EVERYTHING. Spend time browsing. Searching. Googling. You can teach yourself alot more than you ever thought you could. The information is out there. It's up to you to choose to find it.
You called the last gap and trap too, April 1-2nd I think? Too lazy to look back. Gratz on the play though. :D
*EDIT INSIDE* A chart lesson Dennis. Added material, since you may be too slow to fully understand. I may have over-simplified it for you.
I want to make sure you understand, to give yourself BREATHING room and not set your stop-loss and buy triggers TOO close. Give yourself some BREATHING room.
I circled in green, the FALSE breaks, so you could get an idea of how much breathing room to give yourself.
Win some, lose some. Win big, NEVER lose big.
Aka, set a stop-loss! It's okay to lose a little bit! You'll get them next time champ! People pay for this kind of information. You're welcome.
So like I said, You just DON'T understand what charts are USED for. Realizing that charts can help you,a nd not just tell the past, is the HARDEST lesson in the stocks to learn.
NO! You won't predict close prices. (it's fun to try)
NO! You won't not the rise/drop percent for the end of day, the next day, or next week.
YES! Charts can be used to help you make money, help a lot more than the average person who will blindly gamble away their money, only to NEVER enter the market again!
I'm seriously done with the lessons. If you don't understand, after I broke it down so simply, you're a lost cause. You just think charts do something different than what they're meant for, and I want you to realize, how they can properly be utilized.
*EDIT*
I added a profit chat for you Dennis. So you can see that no, the profits aren't buying at the bottom, selling at the top, BUT the profits ARE there.
PS, this is on a bullish trend like we had here. It's an EXAMPLE. NOT THE ONLY TOOL.
NOT A TOOL THAT WOULD BE USED IN EVERY SITUATION.
YOU DECIDE
As RB says, No lifeguard on duty!
Yeah you did, and it wasn't unprecedented. That gap/trap will get a lot of unwanted people out. Why let all the noobs profit. Scare them out!