Grinding
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It depends on your definition of long. I'm not gonna hit that 1 year, 20 % tax discount, that's for sure. But, I'm going as long as these charts take me.
What are you averaged in at?
I'm assuming even though you called this a stock, you understand it's an ETN?
Yeah I remember when you sold/re-loaded. Drinks on you after you make your 100k!
Coincidence that even with the "news" that you guys use for investment decisions didn't even create a lower low? Stop thinking the major players use the media to HELP, when in fact it's a tool to SCARE AWAY the average/new investor. I wonder how many people sold. How many people are they gonna help jump off this train and miss this choo choo to the top!
Stop using logic/the news.. "Wake UP!"
http://ir.eia.gov/wpsr/wpsrsummary.pdf
no stop either.
Bang em at the close
Yeah like a hammer is a building tool... Build a house without one. You didn't answer my question.
What chart are you looking at that's showing you this? Cuz I'm not seeing the same thing at all.
Between 9 and 10 tomorrow.
I feel you, I'm averaged at 2.39 for my personal money. 1.957 for my 401k brokerage account. (2 seperate buys, at 1.945 and 1.97)
However, I got my wife all in at 1.86 on her 401k, so it's like damn it.
Could cover 47.09 before going back up. No worries.
The only way we'll see a drop, is if the long term support line from the bottom gets broken, and it hasn't happened yet. It is too much of a V for my likings, so the possibility is there. But keep your stop on that line and you'll keep raising the bottom for your profit and not get impacted from the drop if it happens.
Ignore the 2 excess lines, those were 2 day trend lines I was following yesterday that are still there.
I like your style.
I see two days ago they pushed the deadline, YET again. Don't know if that's good or bad, but oil stocks aside, I hope no deal is made. Fu#$ letting Iran have that capability...
Yes Iran. Sorry. Iraq was on my mind after a conversation at work haha. Thanks.
Today is the deadline for the nuclear Iraq deal. If no deal gets made, and EIA reports aren't above 7+m, could be a pretty perfect storm to keep the charts following this bullish pattern.
You're only speaking about supply going up, and therefor, storage getting filled.
Why are you leaving out demand going up? Winter being over? Spring time driving is just a blip up, Summer time driving incoming.
We can use all that's in storage in a matter of days. The storage is not an issue, it is nothing but a media tool to keep new investors scared and out from taking advantage of the current oil situation.
I wonder if today will be the day that 2.23 breaks free or if resistance gonna hold one more time? Only time will tell.
You're right man, the charts don't work. Or help show what's going to happen. Only the past right? Hope your news and your emails from the Saudi's helped. Biting yourself yet for not buying at 1.93 with me the other day when our conversation started? I'm only here to help. Only reason I made an account on these forums. Someone helped me, just trying to pay it forward.
If the current dollar bounce doesn't break 97.50, it will keep going down.
As you said, we need to see of course, if we get yet another higher close today, as well, like you said, we need to break 2.23ish, and if it does, it will break pretty hard.
I'm just posting simple trend lines with simple highs and lows. Making this easy for new people to get a basic idea and a start for charting. Get the basics down, and then you can get more advanced.
Here's today's action showing both the days trend line/ current up trend line for the past week.
For starters, I'm not saying oh huge swing up, very bullish, anything like that. From a chart perspective though, for the short term part, I will have a stop at the trend line for each interval of time, that I will update regularly. As long as it stays above the days trend line, I'm not selling my shares I bought pre market at 1.97.
The below chart is 1 minute interval candles.
It's not at all affected by the media reports. If anything, the opposite of reports, except for maybe initially. Zero hedge is 100% wrong in the scenario you presented. So many people going to miss the train because of these reports. It only takes missing one train to learn to follow the charts, and not the media.
No, charts don't work man. We've been over this. It's just a coincidence that they've been getting covered EVERY time. You'll see when that 12 dollar bar gets covered. Just another coincidence man!
Is everybody grabbing popcorn for 10 AM? I'm curious.
This scenario won't happen. Simple as that.
Dollar putting in lower highs since 4 Am. Lower lows as well. We shall see. I hope. I added this morning. Debated on flipping. Decided to hold, but set a stop on those shares, but not my others.
Yeah I may flip it on open/ or even here soon pre open. Well try to pre anyways, as it was only a small addition. I've seen a lot of positive news so it scares me further into the gap and trap, as if the popularity wasn't high enough already. I still don't mind adding to my core sub 2, but this one may not stay. I'll let you know.
Re added to my core at 1.97
On the triple bottom in August. Ride this train up to june. Why wait ?
Play the flips, sure. But at the same time, add to your core when sub 2. There's no way you'll lose money in your core if it's from sub 2. Shit even sub 3.
How did the news work out for you? Did you get that email overnight letting you know to buy pre-market?
Huge Gap at 12.
I don't care why it's happening. Neither do the charts. That's why I go by the charts. All these people going by the news, I'm sure they got an email, don't worry.
Yeah for sure. My core, is averaged at 2.34, (due to alot of shares I'm bagging from 2.88) but i definitely flip along the way. A core is a good plan for when some sudden war breaks out, and you're on some 3 day restriction and cant buy because of free riding. So the core ensures you don't miss riding that choo choo.
Patience. Even if Monday is a blood bath, patience.
The gap up of the dollar at 92 will be the first to be covered, setting us up to flirt with 3.00. Patience is key. Take money from the impatient, give it to the patient.
Yeah I can't wait for that 12 dollar gap to be covered.
It won't be a red open today.