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Yes SG, I like it. And am going to try to trade it exclusively this week with small lots for the real driving test. Good start so far to the week.
Yes, I have watched a couple of the video's on the video board last night. But unfortunately have not had time to watch all of what I want to watch. You guys do good work. Congrats. Spent most of my video time watching several supdem video's yesterday, to make certian that I have a good handle on that part. Alfonso's 2 hr long video was the best. Picked up some good trade methods from it.
No, I am not confused regarding how to re-set the fibs when needed. Pennies also gave me the lowdown also. And I played around with double clicking and dragging on the indicator last night. So now know how it works. As long as the price does not cross < or > the 50% fib then nothing needs to be re-set.
Gotta love this stuff pennies. EJ 4H dropped out of a fresh SZ on the gap down. And 50% fib held it's ground. Gotta wait another 3 hrs. tho to confirm.
Stkjnky no trade never CAD. Stkjnky loose dinerro each time he try to get cad banksters many moons ago. Stkjnky no/never cross cad border. CAD banksters have contract out on stkjnky. Caught & kept fish from CAD waters many many moons ago.
Thanks SG. Will save me some work. Appreciate the advice. & kind of suspected something like this could be done, but was not certian. That's why I did not put them in to begin with.
EJ gap down open = good for me. Maybe SZ & 50% fib level will hold. Now in the money a little bit. But have stop & take profit in place.
Looks like UJ gapped down also. Just what it should do considering most everything.
Yo SG, I decided to to add your 38.2 & 61.8 fib levels to my fib retracement. And shure enough, they match up with a couple more supdem zones. I will likely need to add the negative (or 123.6 ect.) #s also at some time in the future.
Thanks for the tip. Things are coming together nicely with this set up.
Only have 2 charts set up this way right now, but am going to add a couple more today. Probably EU & UC, and maybe AU & GU.
Seems to work ok on WK/DAY/4H as well as you guys DAY/4H/1H set ups.
In ref to your last post you said.
" I need to note though that I'm only using the CURRENT daily zone extremes, not the furthest one out that I can find.."
I have found a slight problem (not insurmountable) using the weekly's down thru the 4H stacking fibs.
On the EJ the price movement was so large on the weekly, that by the time I got down to the 4H I had a very difficult time finding the upper level from the weekly & daily chart to set my next fib level (for the 4H timeframe). Finally got it by scrolling a lot and messing with the scale fix numbers. Then once I got it set, was then able to unfix the scale and let the chart run normally.
Interesting. My 50% 4H fib is setting just above the current bar and just below a fresh SZ on the 1H (active) chart. The outcome is going to be interesting when the market opens. I have a sell EJ setting just below the fib line right now. Shure would like to see it hold.
Gotta go out & get some groceries!! I hate it when I get interupted by such nonsense as having to eat...
Good morning SG. Yes, the fibs look like they could be a valuable addition to the supdem & rec reader. I studied one of Alfonso's videos and tried to pay attention to how he drew trend lines and based zone validity from trend line breaks. But trend lines are subjective. The fib levels are fixed out comes. I think the trade results may be better (and less hassel) using the fibs.
I just finished my work (re-learning curve w/fibs) with stacking fibs like pennies suggested in his post to me. I set up a new profile for this. And included supdem set on auto, and the rec. reader.
But instead of using pennies daily/4H/1H & then 15M I decided to go with Weekly/daily/4H then 1H for the final outcome. Did this because my goal is somewhat different than what you & pennies are going for. Since I want to stay in trades longer (to gain more pips per trade)I went with the higher time frames to achieve "set & forget" using stops & price targets.
And what I find most interesting is that pennies key price of 98.750 exactly matches what I came up with using the different time frames. Arrival at this outcome differs, but results the same.
The notes on the below chart tell the story. Final outcome using the UJ 1H & is current thru Friday,s close.
Most recent 3 bars of data are bouncing above the 88.6 fib & in the supply zone. It also looks to me like the 98.750 will hold because no resolution regarding debit cap & govt. shutdown looks likely at least up to Monday afternoon. But if we get a surprise later today or this evening, then 98.750 could get taken out. And in fact, even when resolution occurs, the level may fall.
Pennies, thanks for your detailed input regarding fib's & ways to use them. This will give me something to do for a little while today. I am going to set up a new profile window and see if I can replicate the system of stepping down the timeframes on the UJ as you have described, to see if I can find a correlation with what I have on the UJ that I posted. Will be interesting.
Once again, thanks.
Here is the current value, as determined by the market..
Click on chart to enlarge.
Nice short term decending channel for the last 83 business days, counting Friday’s bar. Williams daily %r running in the upper range suggesting overbought. And here is a weekly chart that shows both the long term and short term trends. Also, the accumulation/distribution for the last year is indicating selling, commensurate with the downtrend in the stock price.
The 50/200 MA (not shown) 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 83 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 .046 (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. Now we will see what Mr. Ward can do??
That's all I need to know. first posted on 8/13. It’s now 10/13 (2 months later), and nothing has changed.
Thru 10/13/13
Yo,pennies. Been doing lots of homework today studying Alfonso's supdem & other video's on supdem. Trying to get a really good handle on trading these zones. Made a couple of pretty good trades last week for nice pip gains, and one really bad trade that I should have exited early, but did not do so (brain fade on my part). And the one that went bad on me was a Sunday night trade & my very first trade trying to use supdem. Then I started to catch on, and the trades just got better later in the week. Well, anyway, so much for that
Part 2 is that I watched a couple of your videos (great work) regarding fib's. I modified the numbers in the tools & went with 23.6 76.4 (100 - 23.6 = 76.4 reverse engineered #) and your 88.6
I then applied it in three different ways (using Alfonso's SZ & DZ) starting points, all on one chart. #1 is light blue #2 is yellow #3 is red lines.
In one of your video's, you mentioned that 76 (or therabouts) was a good # sometimes, and that 88.6 was also a good #. In the chart below, It looks like the 76.4 level (on all three fibs) seems to match up with the zones, except the RED fib level, that is setting on the closing price for the week.
So, I guess my question to you would be this (4H UJ).
Would you even consider taking a short entry based on the current price, because it sets on the RED 76.4 fib level, or wait to see if the YELLOW 76.4 level is touched. I think that I already know the answer, but really want your feed back &/or maybe a chart showing your thinking using fib levels on this pair & timeframe.
Now that's what I'm talkin about pennies. But need to find the right pair that is at an extreme on the weekly or monthly. Only mostly seems to happen a couple of times a year on most pairs. And easy to miss, because we get tied up trading in the shorter time frames.
Pennies, I am going to try for a mix of 10-20 pip trades, and big pip trades. But I am convinced that the secret to the big pip trades is in the weekly & even monthly charts. Then go down to the daily's after a zone is working on say a weekly chart. Wont get many big pip trades tho. Seems like on the weekly charts the banksters will pretty much keep the price within certian parameters over a 1-2 yr period, so need to catch the extremes. Exception would be something like the tsunami in Japan, but even that did not cause the long term parameters to change much on most pairs.
Example would be EJ weekly. It is coming up on a SZ that goes back quite a way's. Been hit 2 times tho. But I am watching it for a big turn sometime in the not to distant future. Will want to take a position & then skalp all the way down, or up, and dump the pposition trade if the zone gets breeched in the wrong direction.
That's my plan anyway.
sdc, here is what I am showing. EJ 4H A little different than yours. I am letting SUPDEM draw in the SD ZONES. Notice price is also bumping up against A support/resistence line. So far so good on the skalp for me. Will take maybe 15 pips if I can get it. Been in & out of the money for me for the last 1 1/2 hrs.
I just added another EJ short here. Looks like it's forming a new SZ on the 4H chart. But overall, it's been a powerhouse to the upside. Gotta try to skalp my way out of a trade gone wrong in it. Entered to early.
Thanks Pennies, I'll check it out. My strategy desk platform has an adjustable one in it, and have used it before. But can not load currency charts into it.
Pennies, are you using a custom fib tool?? I have not used fibs in quite a while & the stock one in MT4 does not show enough levels to read like yours. I have been using SG's super fib. levels (his custom MA set up. It hits pretty good at times.
Well, all we can do is let them know. But likely will do no good. My bet is one of their key advertisers forced it on them. Happy that you voiced your opinion. Everyone needs to do the same.
Pennies, I just made up a post and put it on another board. Could use a little refining, but you will get the idea. Here it is. Would take someone with a little money and computer/server skills. But!!!
Ihub now Adhub
Maybe we need a new web site based on a simple format, something like Craigs list, but keep some key featurs. Keep the user price LOW and the H*^& with the advertisers. Ihub just opened the door for this by doing what they just did!! Any super computer geeks out there, here's your opportunity. I hub just ruined their site. Worded print is to small for many older users, and ads so big that they are quite distracting.
You paying users should be REALLY ticked off. Without customers, then Ihub advertisers will go away. This is NOT customer service.
This format stinks. Just wait untill you try to look at a chart someone posts. It's way past absurd.
Thanks pennies. That's helpfull. But still not ideal. Old way was better, because on long posts, you could just scroll up to study wording, or pertinent parts.
Ihub now Adhub
Maybe we need a new web site based on a simple format, something like Craigs list. Keep the user price LOW and the H*^& with the advertisers. Ihub just opened the door for this by doing what they just did!! Any super computer geeks out there, here's your opportunity. I hub just ruined their site.
You paying users should be REALLY ticked off.
This format stinks. Just wait untill you try to look at a chart someone posts. It's way past absurd.
Posts are bad enough, but you can barely see the charts. Way to small. Tried to figure out what pennies was describing about setting the fibs. to the zones, and could not even make out the fib lines. This stinks.
Ihub now Adhub
Maybe we need a new web site based simply with a format maybe someting like Craigs list. Keep the user price LOW and the H*^& with the advertisers. Ihub just opened the door for this by doing what they just did!!
SDC I hope your on the right side. I'm on the wrong side (short) & getting a little worried about it.
The EJ 1H chart just touched a SZ that has been touched one time already. Hoping that it will hold. And the 4H just wiped out an SZ by going thru it, & quite a ways up to the next one.
Don't know how much longer I'm gonna hold it given the 4H break thru of the SZ. But may hold to see if the 1H SZ holds.
Hillsman, everyone that I write to thinks it stinks. Need to change the name to Adhub. Bet their message board hits take a big downturn because of it.
I just sent admin. a message.
This thing stinks completely
MOU is exactly worth nothing. Untill you see a signed contract, then a MOU is just a piece of paper with someones name on it. Looks like lots of those floating around here. Profitable this quarter. I doubt it.
Way to much pumping (and MOU'S) on this board leads me to believe
that THIS IS JUST ANOTHER PUMP & DUMP STOCK.
Being pumped hard while the price falls is just a CERTIAN sign of manipulation going on.
BE CAUTIOUS with new money going into this stock.....
Soon the board hit count will dry up to nothing..
OK, got 53 out of AJ long. EJ 4H looks like (maybe) a top here. So holding short & keeping fingers crossed.
Jeesh, unemployment claims #. Yup, where in deep do do. Got so busy this morning that I forgot all about it. Happy that I did not get in any dollar pairs last night or this morning. Did enter an AJ long about 1 hr. ago tho. Up 37 pips now on it. But it's just offsetting a short EJ that's going against me.
Have not even had time to check the dollar pairs this A.M. on the emp. numbers. But not hard to tell which way they are going.
I know this is off topic, but just gotta comment on it anyway.
I picked up a nice bunch of this stock on the open this morning. In addition to a core holding of "free' shares that I have been holding for a long time now. Break thru event for the company. Already made more in the first 20 min. of trading this A.M. than I have made all year in the FX.
"NBRI) ("North Bay" or the "Company") is very pleased to report that the Company has achieved another major milestone with the recovery of its first ounces of specimen gold at the Ruby Mine in Sierra County, California.
This marks the first production of gold at the Ruby Mine since the 1990's, and the first gold produced since North Bay acquired the Ruby in 2011.
The gold was recovered during a preliminary geological survey of a newly-accessible area of the Ruby Mine "
Note-specimen gold is worth 2-3 times the spot price per oz. of gold bullion
OK, I just picked up a nice little bunch of shares at .043 to hopefully be able to hold for the long haul. This is in addition to my core position. Finally showing some life with a small hand full of nuggets.
Yup, I never traded with it. And had just started using the charting about 2 weeks ago. The package is overly complicated & stuff in places that are hard to find. It's a POS. I use strategy desk for stocks. Have for about 5 years now, and it works quite well. And do my trading & charting all on one page. Level 2, chart set up & 2 watch lists + the positions list.
But rumor is that they would like to eliminate it also. If they do discontinue that platform, then I will likely loose TDAm. as my broker, and I have told them so.
Morning SG & pennies. Yo SG, thought that I would let you know that I dumped the TOS platform. Found it to be unreliable from a stability standpoint. Woke up one morning a couple of days ago and ALL of my hand drawn stuff and indy's where gone. The platform had been saving the stuff upon exit for about two weeks, but all of the sudden POOF, gone.
Called Ameriturd and talked to the tech guys. They reccomended going back to a previous build date. Did so, and was able to get the indy's back, but completely lost ALL hand drawn objects. Called them back, and answer was sorry, they are lost. Something about "well, we cleaned our servers". POS I told them. I will now help you keep your servers nice and clean by never using your platform again.
So I am now done with TOS forever. Need to get my tradestation up & running.
Get some sleep tonight pennies. Catch you in the morning. Banks & algorithim trading = yes...
Kinda want to mostly stay away from dollar based trades untill the smoke clears a little. But will try to skalp them short term only.
Boca, nice video. Appreciated.
Well, for certian if the banksters are using something like this, they are not going to draw them in by hand. And I believe firmly that a close miss could very well be a marker signal to other banks/institutions.
Pennies, a bounce in EU is not out of the question. I'm still short & in the money nicely. The spike down bar 4-5 hours ago came within 5 pips of my take profit target. And it is just riding in a DZ right now. So why risk giving up pips.
French ind. production out at 2:45 it has a 50/50 record for the past year, and it looks like the estimate may be a little high to me. But the real kicker will be the following.
U.S. unemployment claims in the morning. Don't know what to expect out of it.
Think I will cover EU here also. whoops, just closed it for 94 pips. Only 17 away from my target.
Still short EJ & just riding it up & down.
Looks more to me like the only flag this stock is showing is a big RED FLAG pattern.
It's called dilution. Convertable debit financing... They can and will dilute this stock into oblivion if money owed is not paid back at the end of the lending term aggrements.
Also known as pump & dump. May or may not be the case here, but anyone that believes what this managment says, and buys into it is RISKING their money bigtime. This is the most likely scenario here. But it is also possible that managment could still pull it off by delivering oil. But so far every announcement has been hollow words.
Looks like progress is being made on the business front. Holding, but need to do some homework on the conversions side of this. Any one familiar with the terms & timing?? It is an area of utmost importance.. However, that being said, startups have to get money from somewhere, and toxic financing is the normal manner. No risk = no reward..
That's my plan "set & forget". That's why I went to daily & weekly charts for entry's/exits. Potentially more pips per trade. But still ,like you, I tend to watch the new entry's closely for a while. And have paid the price occasionally with some lost sleep. But not as much lost as when I try to skalp for 10-20 pips. Because after a winning trade, it makes me want to stick around even later for the next one.
Daily's worked well for me for a long time. So gonnna stick with it. But with the new ammo where now using, I can view more pairs, and should result in more trades, with more pips.
Nice trade pennies. Looks like you burned the midnight candle last night for them cause you posted most of the night. Sometimes we have to pay the dues. LOL
Really likeing my new charts arrangement set up so far. Lets me look at most of the market pairs pretty quickly. And can scale my daily charts down to the 1H & 4H timeframes to fine tune the entrys.
Things going my way nicely this morning. But still trading conservatively.
Keep up the good work pennies & team. It's appreciated.