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SG,
Are you watching any of the USD pairs? I've been in AUD/USD since last night and currently sitting 125 pips up. Nice change from the typical 125 pips down. Must be the new chart. :)
I'm operating on the 1 hour chart and I entered long when I thought it hit a support trendline, moved out of the EMA62s channel, pulled back enough to set a tight stop loss, and crossed over my ALF line. But what's more interesting is what I see within the run, which you have probably already picked out.
On the 5 minute chart there are frequent pullbacks that aren't visible on the 1 hour. To me, these appear to be ideal places to add. So at the start of the run, I could have entered with amount x. Then there were 5 or 6 more opportunities to add x again.
I'm not yet sure if this is a tried money management strategy yet, but it seems to me that as a trend strengthens, it makes sense to add to your position. Of course, if you don't manage your stops correctly, you can certainly wipe out any profits you might have had.
Yes they are working to regain control of their share structure. No, the SEC is not assisting yet, but they will be. They have been presented the evidence they need to consider the legitimacy of the NSS claims, which we've all known for sometime.
Ultimately, the SEC is the only one who can force the criminals' hands, but we must be patient and prepare for the snail's pace of government. We are protected regardless of whether EIGH is a scam or not. They protect shareholders, not scam companies or abusive naked short sellers. The fundamentals of EIGH can help speed up the process, but are not required.
I can not stress this point enough. Abusive naked short selling is illegal regardless of the merits of the company. The vultures can descend on this board with their "DD" and cry scam to the high heavens. IT DOES NOT MATTER. As long as we hold more shares than there are available, then we've been wronged by someone with the capability to create shares from thin air. The SEC will, in their own time, address this just as they have in prior precedents.
I love this stock. And by the looks of it, it appears someone else today does too. Is one of the promotional sites listing it again?
It seems to be maintaining its overall momentum though. For now at least. My stop loss is now at 0.9930 so should be able to lock in at least 72 pips profit.
pennies,
That is really impressive. Aside from being able to minimize your losses, one of the keys seems to be that you are accurately identifying points of support and resistance so you know where the true reversal happens and not just a temporary pause in action. How many trades are you making each day now?
Hi Giants, stopping by to see what's going on. I like what you've put up here. I also believe there is tons of money to be made in Forex if you can maintain patience and composure.
The retracements are interesting. So far from what I've seen, retracements are a guarantee in Forex more so than the US market. I haven't quite gotten it down yet and am still working on trading the trend, but at some point I would like to jump in after the trend ends for more gains on the retracement.
I've been long on AUD/USD since I went to sleep at 0.9856.
Then you clearly don't possess the same information I do. This game has only just begun.
That makes a lot of sense. Candles are the only real-time indicator there is. I'm not yet skilled enough to use them but hopefully as time goes on that can improve. Mostly with the ALF it is giving me an exit point that I can objectively use rather than an MA or my best guess.
What are gartleys? I've never heard of them. I think half the reason I love Forex is because I hear about new indicators every day.
Haha, no just 7 hours. However, I just realized I already broke one of my rules. I was planning on waiting until the run starts and then enter on 1st pullback. From what I can tell, the run is just showing signs of possibly starting but not confirmed by a decent pullbackand continuation. First thing I'm doing when I get back is making a checklist. It's easy to get caught up in the excitement.
Also, if my lines are correct, I don't see any resistance in the near future. I'm out of town for the rest of the day but I entered a short position on it because it has now moved Below my ema62s and the last move up didn't pierce them. Hopefully my stop won't be hit in the next 7 hours
We're talking about pennies? Wait until the day when they start the trading at the HOY and we go up from there.
It's hard to tell if one is only looking at PPS, but we're winning this war.
EUR/CHF is looking good for a short position on the 1 hour chart. Anyone seeing that as well?
No kidding. This is a ticking time bomb for our resident NSS friends. The hurricane is running into a tornado which is running into a tsunami. I like what I see.
SG,
I'm glad you like it. As for your computer problems when you were using multiple timeframe indicators, if you were using the TRO (TheRumpledOne) builds, they had memory leaks in them and that's why you were getting the freeze ups. His new ones don't have the problem. I will upload all of the ones I have to a spot for anyone wishing to try them out.
I'll also check out the regular candles in slow times. Frankly, I'm just not good at reading candles so I went to HA to try and minimize my reliance on this weakness. I will work on them during the slower hours though.
I am of the belief that when big moves happen, it is because the computers at large banks and investment firms identify momentum from retail investors, then use their sheer size to initiate a massive push which only stops once they exit their position. So when I look at this chart, I'm trying to see if there is something uniform that we can identify on every big move that shows the computers are entering a trade. We can simply hop on their backs and go along for the ride.
Look how it holds up there. In this case it was certainly an indication of a trend forming. I don't know how you found the EMA62 bu it certainly appears to be a strong line when price breaks away from it. The key is knowing when the probability of tha break is highest. When I get home I will look through some charts and see what sort of patterns we have as well.
Here is what I'm currently working with. I had to make the image big and zoom out to see better. I also removed the quad tunnels for now so the rest is more visible. The candles are Heiken Ashi. One thing to keep in mind is I am not yet skilled enough to scalp so I am concentrating on recognizing trends and when they run into support and resistance.
The Guppy GMMAs (and Quad Tunnels) are used to find the trend. I will never enter on a cross. A safer move is once they cross, wait for the first pullback to enter, which it usually does on a good move. If it continues, your entry point ends up being good. If it doesn't, your stop loss can be relatively close.
I changed the EMA62 to two EMA62s (in yellow), one based off highs, the other based off lows. This appears to give me a better idea of when we are moving sideways. If price is oscillating inside it, it's not trending. I haven't tested this much yet though so I'm not completely sure if it is reliable.
The Fibs and channels are drawn automatically.
The aqua/magenta line is the ALF indicator. Aqua=bullish, magenta=bearish. It somehow moves off of price action, not moving averages. I intend to use a price/ALF cross specifically for my exit points. It gives some room to breathe but also cuts you off quick if it goes the wrong way. I'd rather enter and exit a big move 3-4 times instead of allowing big pullbacks that could risk a huge loss. I'm only realizing this in the past few days. The LaGuerre at the bottom is similar in math to the ALF, but I don't use it yet. Not sure if stochastic, MACD, or it is better.
The Fibs and channel trendlines are drawn automatically. I don't have to do anything. I'm not yet sure how accurate they are as I can't backtest them.
Lastly, the display in the top right is really slick. It shows the current status of indicators on multiple timeframes. In this, I have EMA15 crossing the EMA21, MACD, and Volume % change (I think it is bar to bar). If I'm working on a 1 hour chart, I try to let the 1, 5, and 15 min line up or mostly line up before I enter.
In this example, I believe there is going to be a price breakout up or down, but I'm not sure. The purple channel is downwards and the price may be breaking downwards, starting below the EMA62s instead of inside it. Either way, I intend to wait until a trend develops, then enter on the 1st pullback.
Probably more than you wanted to know, but so far, when I look back on charts and move them forward one bar at a time, this has appeared to be the most reliable I've found yet in terms of recognizing trends and managing stop losses.
Yes it looks like it follows more accurately. I notice the buy/sell arrows you have. For me I don't think I could enter anywhere in there because I don't see a defined trend. Are you looking for rebounds back towards the quad tunnel?
I put it up on my screen and it looks good. What's the logic behind it? Is it a substitute for MACD?
Did you look at the colored ALF indicator on that website? It is a very cool indicator. It's like an MA based only on price action. Not exactly sure how it works yet, but I'm going to read up on it over the weekend.
Well said sir. I could not agree more. It's smoke and mirrors. The shareholders are getting swindled. However, it is made to look as if they are being swindled by the company, where in reality, they are being swindled by the ones who commit NSS fraud. It's a perfect crime.
Ahh, much nicer stochastic now! Thanks a bunch! Do you go with the default setting of 0.05 or did you change it?
Ohh...I got ya. So it exists in the good stocks on the more regulated boards, but not on crap stocks in the unregulated pink sheets. That makes sense. By the way, when I said experts, I wasn't including you. You give yourself far to much credit sir.
I'm not on the Den board yet, but that is a very interesting article. I thought phantom shares didn't exist though? That's what our resident "experts" have been telling us.
Agreed. You'll be overheating that trading machine in no time!
They sure are. I'm sure our usual suspects are going to doubletime their usual posting frenzy now. Lots of good people in the Den. We can't lose.
Well now, what are the odds that two stocks we have been screaming foul play on are finding proof there is NSS foul play? Can you guess what if there will be NSS in GRNO as well?
Me neither. Not even when the buy-in notice is issued. I will patiently wait for negotiations. However, if someone feels like buying my shares at $123.45/share, I will save them the embarrassment of exposing their criminal activity.
Hi pennies,
Do you think you might be able to post or send that stochastic oscillator indicator you have that changes color when a certain angle is hit? I can't seem to find it anywhere on the net.
You got that right. It's just a few of the same people saying it's a graveyard over and over and over. Most likely because whoever they work with is massively short on EIGH as well as CDIV and GRNO. I have no doubt that our NSS assertions will be validated by the SEC in the near future.
Absolutely it does! It's like an ATM machine for the criminals except that they don't have to have money in their account in order to withdraw.
Happy Bday! Hope you're getting lots of pips for it this year.
A personal Pelosi favorite of mine:
The intentions of some are blatantly obvious to me. You don't post here 24/7 unless you have a dog in the fight. They are not lying when they say they are here to expose a scam. However, they are not telling the truth on why they want to expose a scam.
Good stocks are not abusively naked shorted since the odds of it backfiring are greater. You find the textbook scams, naked short the daylights out of it, and let the bottom drop out on its own, effectively masking the naked shorting that went on behind the scenes. Just like how we choose stocks with the greatest chance of improving in price, they choose the ones with the greatest chance of dropping. The NSS simply helps it along.
There are two things that can happen when a stock is abusively naked shorted:
1. The stock goes belly up, NSS wins and they either cover low or never cover at all.
2. Stock goes up, NSS does not work to their financial benefit, and they quietly cover and move on.
However, there is now a third possibility where the NSS does not win and they can not quietly cover, so you get what we have now: a stalemate until one hand is legally forced to make a move. I am not legally obligated to sell my shares, so that can't be me, but only time will tell.
(For those of you here under the pretense of scam-busters, I have no interest in arguing whether NSS exists or doesn't exist. You know it does, I know it does, we all know it does. To imply otherwise is deceitful or ignorant. By all means though, please continue to harp on a mute point. Like us, you are here to protect your own investment.)
You're exactly right, we never did. A few weak hands dropped out and shares shuffled to stronger ones. That's about it. Meanwhile, the Monkinars keep growing in popularity, the naked short positions are still huge, buy-in notices are imminent from the SEC, and some very nasty people in low places are not very happy with our resolve. Some people are going to lose hundreds of millions and it isn't going to be us.
My sell order hasn't been filled either. It's been sitting at $123.45/share for weeks now.
The team is regaining strength again. Now that the initial shock of being attacked has subsided, I've noticed everyone is getting back to level-headed and remembering why they are here. The naked shorters are still continuing with their laughable posts, and we keep holding our shares tight. We win in the end if we hold our shares. We lose if we don't.
I was told a long time ago that it was as easy as buying and holding. Only now can I clearly see how true that is. And only now can I see how deeply we are striking fear into the criminals that have wronged us for so long.
Good morning Den!