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I'm not going to weigh in on whether the statements are lies or truth, as it seems everyone else can cover that just fine. However, starting with the newsletter the night before the suspension, there has been a different tone in their statements. Someone else, with more professional articulation, has been releasing the news. Maybe it's proof that the company is legit. Maybe it's proof that the company is taking the scam to a new level. Who knows. But something is very different in their public approach.
Wow, I hope you still got some NWTT!
Are you still playing the metals only?
Nah, you're probably right. It's probably never happened. Not even once.
Are you absolutely, positively, without a doubt, 100% certain a buy-in notice has never happened on a pink sheet stock?
Congrats! I never bought any shares, but I was definitely watching because it is a similar situation. They have "Float Lock Up", and we have "Float Lock Down".
I see nothing but fun times ahead for us.
I see exactly what you mean. It's interesting that each major spike was about the same amount of candles too.
You make it look so simple. But I know it takes a lot of work to understand all that. I have been paying closer attention now to points of S/R, but I still struggle with confirming whether it hits and retraces or hits then continues through.
One thing I've been spending a lot of time researching recently is what makes the Forex ebb and flow the way it does. It's endlessly fascinating to me that a pair will stagnate for hours or even days at a time and then, seemingly out of nowhere, take off in one direction like a rocket ship. I believe this is not chaotic or random, although it often feels like it. And it's not usually news driven, as that only causes temporary moves.
I've concluded that it's a combination of two things: 1. Multiple time frames aligning in agreement on price/indicators (like when the quad tunnels twist together), and 2. The large financial institutions jumping in with large money.
I have to believe that when you can look at a chart and correctly identify when these two events happen, a sound trading strategy becomes an ATM machine.
As I make headway on this, I will definitely post my findings. If anyone has any insight on this, I welcome input. Or if anyone knows a Forex trader at a bank, that'd be helpful too. :)
Yeah, he pretty much tricked all of us. The numbers and such never really seemed all that outrageous given the high profit margin of infomercials. However, there is one thing that should have tipped me off. He said once that he only looked at fundamentals, not technicals. This should have been the biggest red flag for me since technicals are pretty much the name of the game anymore and fundamentals have gone by the wayside. Even a good fundamental trader would still use technicals in conjunction. So for him to say that should have been a warning that he was only telling part of the story.
SG, I know I ask you a bunch of questions all the time, but I really like this chart as an example. Do you think you could elaborate a little on this chart you have?
For me, I would look at this, seen the downtrend, and only looked for a short entry. However, it looks like there were long opportunities as well, but I could never have recognized them at the time. What were you seeing at 81.60 that would have told you to go long?
Sid, you doing well with Forex these days? What timeframe you operating on?
There's other people fighting the good fight as well:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58841439
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58838195
Hey, how'd you guys get the board back?
Hahahaha!!! I knew maone was still around. He was just waiting for the perfect PR to lure us all in again!
Anyone else seeing USD/JPY setting up for some nice short action? Price went up and tested quad tunnels on multiple time frames, quad tunnels and Guppy MMAs crunched together and now price is moving away from them, especially on the 4 hour.
Not deceiving to me. I don't think iPhone games are a viable revenue model and I never will.
eTrade is notoriously wrong. I've contacted them three times before for the same thing and got three different answers. We'll just have to be patient and wait until it actually happens.
arent you on the daily? you coulda absorbed it :)
For those of you who have strategies that are dependent on the slope of MAs, check this indicator out:
http://www.fxfisherman.com/forums/forex-metatrader/indicator-coding/1379-slope.html (Post #3)
It's a bit quirky and you'll need to tweak the colors and slope settings, but when it's honed in, it is deadly accurate at helping you determine the strength of your trend. MT4 has a tendency to skew things inconsistently based on the range high/low that is visible on the chart. This really helps a lot to fix that.
Yes sir. Very interesting indeed.
Hi SG,
Work finally picked up some recently so I haven't been around much. Just doing some longer time frame trades for the next few months.
So, this is very interesting because I have been using the quad tunnels as an indicator of the strong trend. When price action moves into it, I would stay away from it because I wasn't sure whether the trend was reversing or was just a moment of weakness. Are you saying that when the price action moves in the QTs, you get your best action there?
Thank you Paula. I've been saying this for a while. The A/D line is not consistent with the share price.
I love that Traders Dynamic Index!
SG, do you ever trade against the quad tunnels? Also, do you ever use them in tandem with trendlines?
Funny you said that. I was just discussing with someone how I felt the price always retraces shortly after London. I've been trading on longer frames recently and noticed that if a trend starts to gain a little momentum late in the Asia session, it seems to kick in gear for London. Then when London closes, it loses it's momentum. I thought I was imagining things, but your post lends some support to it.
If so, I am watching the later Asia session for the start of trends with the idea of closing my position around lunchtime the next day.
Ponzi scheme is not the correct term. There is still a core group of people holding a large amount of shares. But yes, the market gods are very upset. They might have a few marbles, but we still have the shares. Until they get the shares back, the game is not over. We still wield the real power as long as we remember the reason we came here in the first place.
I hate to say this, but I think this will get walked down to approximately the same level as CDIV and EIGH. Then someone is going to have to explain how a profitable, low-float stock like GRNO is equal in price to a stock that trades on the grays and another that sold $360 worth of iPhone apps last quarter. If that isn't evidence of manipulation downwards, I don't know what is.
I know of a few they didn't file away in the "whatever" file.
I see potential for both NSS and scam to co-exist in EIGH. If they do, I look forward to both being exposed.
Rather than unifying the currency, they would have been much better off improving import/export between the nations. But they didn't. You're right, they probably won't learn.
Careful on the hold. If these trendlines are correct, we might be in for a pretty big rise. The brown channel is what I had in place until it broke below it on Nov. 22. The yellow channel is revised since then and the low was tested seven consecutive days after the first bounce on Dec. 19. I'm not sure whether we are in a whole new downtrend or if the channel has simply widened.
When I look at these trendlines, I often wonder how much the fundamentals of the currencies really even matter anymore and if it isn't just the technical trading setting the price.
Happy New Years all! I haven't been around much recently because work finally picked up some, but rest assured, I'm still counting pips before I go to sleep and watching the boards to see everyone's progress. I've had an excellent week just working the daily chart. If it isn't dumb luck, I will share what I'm learning here when I get back home after this weekend.
It amazes me that anyone thought the euro was a good idea to begin with.
KING,
How long did you have your short open on TSHO before covering?
I'm skeptical of how sincere your question really is, but I'll bite.
I am better off financially now than I was a year ago. A part of my portfolio is down well over 90%, but not the entire thing. I remain confident in my positions and thus have not liquidated them yet. Therefore, for now, it's an unrealized loss (I would never put my entire brokerage account into a penny stock). I will continue to accumulate within the constraints of proper risk management.
My relationship with Monk is that I attended the Basic Monkinar in Atlanta back in September. Since then, I have moved from a fundamental investor (a poor one at that) to strictly a technical trader. In the past three months, this is by far the most consistent and successful I have ever been. I have offset my unrealized FLD losses with realized gains and I attribute that to the charting skills I learned at the Monkinar. Although I expected to be a full-time daytrader by now, my new schedule says I'm only a couple months off of my previous projection.
So in summary, yes I am better off now than one year ago. Yes, I am a better trader thanks to Monk's Den. And, I can not say whether I'm a better person or not, but I leave it to my peers to judge that.
I love this post. I hope your holidays are great and 2011 is good to all of us.
I agree. From everything I'm seeing, the EURO deserves to tank. There is just no way it could hold it's value in the current global state of affairs. To many countries need to be stable for it to work and it's going to be a while before that happens. What sort of supports are we looking at for EUR pairs right now?
Here's an article about Robert Simpson and Global Links Corporation which describes a similar situation to what we have here at CDIV.
http://www.houstonlawreview.org/archive/downloads/43-4_pdf/Christian.pdf
Bloomberg calls them phantom shares, which is my personal preference. It has a nice ring to it.
I believe we will too. It's a long and arduous road. All we can do is stay the course.
Kmeister, I can't PM back, but if you PM me your e-mail address, I'll see if I can dig up some current info for you. I haven't looked at it for a few months so it'd be a good exercise anyway.