Grinding
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I'm in here long. I'm not buying or selling. I just want that bar filled quick and it finally did for me. I hope that 46 bar gets passed up. We'll see. Either way I'm riding the waves. i have a thick stomach.
Well cardinal rule. It's gonna drop after you buy. So hopefully it does so we can fill that bar.
Thanks for taking one for the team if so.
Yeah sideways is never fun. If they don't bang em at the close, then the weekend could bring in some fun for a gap opening Monday. That naked bar is still there though. F$%king taunting me.
They're not surprises to the people it matters to. And it gets priced in days before. The release of the report isn't the real time number. Could have got factored in days/weeks ago, if at all..
Also, charts tell the story. Closest way you can "guess" what certain news will be. Based on chart patterns. Don't get suckered in to news.
Yeah I was hoping for a quicker panic sell off cuz that low number. But the rig news rarely affects the charts except that initial dip, and we didn't even get much of that. Bulls too strong.
Ah okay.
Well, I did this just now. You might try google more often.
I googled "what time does baker hughes rig count come out"
First result says: "The North American rig count is released weekly at noon central time on the last day of the work week. The international rig count is released on the fifth working day of each month."
So I know normally when times are mentioned here, no matter what time zone we are in, we try to use eastern time. I'm in central time, but still use eastern time aka market time. Whoever said that to you, should probably do the same.
You're on an internet board, but don't know how to use google?
I literally googled "baker hughes rig count live report" to make sure it wouldn't pop up, so I could forgive you and apologize;
BUT....
It was the very first search result. Still showing data from the 20th.
Incoming dollar plummet following that report?? News guys, help me out here.
Well for me, I hope the rig count is a little less than what you could say "we want".
That way a "panic drop" happens, dips and covers this naked bar, so we can get that shit over with.
Yeah man, good to have you back. Was a little worried for you, but figured if you played it right, you could catch this bar and make money/get back in. Was just hoping you didn't get antsy/greedy on this one. =]
Not to mention, if it hits 49.20 today, it's perfect timing to stay in between the original two trend lines she had going before she broke out.
The bottom trend line could be adjusted a little, but meh. You catch the general idea.
Would be pretty nice to see something so perfect. Anyone can look through my old posts and see those trend lines.
Seriously. Half my shares I've held for 5 weeks. The other half for about a week now. since 1.945
And yeah, those bars are a free ticket to board the train back up. I'll ride the shit out of those, and the ones breaking 55.
Stupid charts Keep making me money. I better abandon them.
The bar at 46, I'm hoping it's going to skip. But all hope aside, it's not going to. The reason I'm holding? Cash account, and too volatile. Can't risk the bars covering too quick while I'm the 3 day fund settling period. I'll just ride it out.
48.82 bar gonna get covered today or over this weekend? Or just the 49.80 bar? Lets find out!
Sell me your shares ladies. Everyone needs to get out, so this will go back up. Have to fuck over a few more people first. hope this gap covering scares people out. But not you guys.
All you people getting out, good luck. I'm following this channel until she breaks. Even then, I'm still in this long for now until something makes me change my mind. But if I was shorting, I would keep resetting my stop to follow this trend line. I would rather sell at 2.77, a little less than you guys, if this is the top of the trend, then to risk it not being the top. Follow this trend above 3.
This chart is real time and works on mobile.
http://www.livecharts.co.uk/MarketCharts/crude.php
you're welcome.
Me too. Don't want to flip and miss a big night on a flip.
Hope you can stomach the ride. Gonna be a long one/ roller coaster until September. If we don't break 55, when we get to 55, then I will flip again.
Was 2.49 yesterday at this price, today it's 2.60 at the same price.
Omg the decay! It's terrible! Anti-decay? :P
Those cents wont matter. when this is 10 or 12, and even when it's 8, none of this "decay" will matter to me. And it shouldn't to any of you guys either.
Amen brother. I bet your daughter is doing well with those 1.8X shares.
Good luck man. I'm over here hoping she doesn't fall below the top trend line, but now I have to hope she does temporarily for your sake! The worlds a stage!
Gonna be watching today, seeing if 50 will hold support.
Dropping back down as we ease towards market open? Or as reports show that it's the Houthi coalition and that Saudi supports Yemen?
Idk man.
But I know shit is still very volatile, and there's a bar at 12 that's gonna be covered eventually. Depending on what happens, I may not try to flip down. On my cash account anyways. May miss a beautiful hike while waiting the 3 days. I have to see where she stabilizes at today, or if she keeps fighting.
I came in to work an hour late today. Slept like a baby last night after putting on my 3rd pair of boxers. Woke up, checked it again, said nah, I'm sleeping in.
Regretted it when I hit that Houston Traffic I normally wake up early to miss. But it still feels nice. Brought an extra pair of boxers to work today as well.
God it was so hard watching this overnight, and being out of posts on here lol. To the moon baby. Glad I held because of charts. And didn't sell on emotion, or not buy in because of no news, or felt the news was pointing the other way.
Damn you charts! Doing me good yet again!
I saw. Thought it was gonna bust through
I like how oil has gone from $42 to $49, in a week, yet some people still can't see the uptrend. MAKE MONEY OFF THESE TRENDS, EVEN IF THEY"RE ONLY TEMPORARY BOUNCES.
She's fighting so hard OMG! I do not expect it to break, but this battle is VERY convincing! Come on baby girl!
She's a fighter. She's gonna keep fighting. If we break 49, I think we can kiss that 46.20 bar goodbye for a bit, but if we can't it's still on my radar. Lets go baby!
Oh, and to answer your question, that's called breaking resistance. Lets see if we can get past this next level of resistance, if we do, who knows where she will stop.
Here we go. Lets break 49. To the fucking moon boys.
Also, notice that volume. Not even as high as back when she was lower. More proof the big dogs are finished loading up.
Back above and riding high with the original positive trend line since the double bottom, dipped below to cover that bar. We can still see it dip to cover 46.20 over this week or so, but expect her to jump ride back up and ride this for a bit. Haven't changed the line since my original posts about the positive direction after the double bottom. Power of charts. Learn them.
Hold until August or September.
It will hit 4. It will also hit 12.
Like you said yesterday, bulls trying hard to not hit that bar. If it hits it this week, I'm fine. It's expected, as it's too close to ignore.
But there's a bar between 49.40 and 50.60 that's too close to ignore as well. Whether it hits 46.20 first, or skips it somehow, it doesn't bother me either way. that will take care of the 1/99 times that a bar won't get filled. :P