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We are getting our move now on nice volume. Interested to see if it holds up. Moving my stop up to guarantee a profit.
I'm in at 8.03 from this morning with a half position. Tried to add at 7.83 but didn't quite make it there. With the RSI on the NG daily chart at 80 a pullback should be in order. Plus NG up against the 2.80 resistance level. Probably going to hold overnight for a change. GL
Healthy pullback here lately. Looking to re-entry at the 50 sma or the 11.50 gap close. Was all out the day it closed below the 15.00 support level.
I joined you this morning, in at 53.80. Like the RvR set up on this one. GL
Sounds like you have a solid plan and stick to it...the key to success in the market!! I agree that hitting singles sure add up. Most loss money by always holding for the home run. I try to move my stop loss up as quick as I can once it makes sense based on a support level.
Very nice trade! I was stopped out on the pullback at 1.98. I was trying to walk my stop loss up with the hopes the move would continue so I let some profits slip away in doing so. Oh well I will take my 7% and look for another entry.
Along those lines check the weekly chart for the USD and you will notice $92.50 was support in 2003. It then turned in a level of resistance in 2004 and 2005. I am currently holding JDST at 1.85, bought today.
You've been pretty much spot on with your call on NG. I did get the back test of $2.04 that I referred to and sold out off all my DGAZ and added to my UGAZ position. Was already able to trade some of those on the spike and pull back. D L N G building solid support at $15.
Great summary dude iligence! I keep looking for a pullback to add more shares but it keeps going up. I got in at $9.75, I believe the day after you mentioned this ticker. It was a great RvR trade at that point. I have sold 60% of my position but letting the rest ride.
No worries, I am not married to the trade and will cut it if NG continues to move up. Not going to let this trade wipe out my other winners in this ticker.
NG exploded right through the 2.04 resistance level. I am in the wrong side of this currently. Should get a back test of that level on the coming days and will look to bail out there.
Looks like NG gas trend is finally starting to turn bullish.
Looking good here man, trying to breakout of the bull pennant pattern to the upside. Chart looks outstanding!
Nice hammer candle on Friday with a close above the 200 sma. That candle also broke out of the bull pennant pattern. Doesn't get much more bullish than that.
Been there before, tough spot to be in. Hopefully you get a nice bounce into close or early next week. I am giving this another shot, in at 4.31.
Well certain was the right move only your part with getting out according to your trade plan. I got stopped out so back on the sidelines. Small loss, live to play another day.
The FED is sure helping gold and miners. I am in here at 4.65 but with a short leash. Some long upper wicks on gold, multiple time frames, could be signaling a pullback.
Tough to argue with that trade plan! I agree that Gold and GDXJ look tired but could also be consolidation. Exactly why it's wise to have a firm exit plan(stop loss) as you have spelled. I considered getting in today but decided to hold off even though it hit my target of 5.25. If we see a gap down to 5.20 or less I will be in.
I thought the same yesterday and earlier at the 5.80 - 5.90 resistance area, should have sold half there then set the stop. Thanks and good luck
I was stopped out at 5.46 for a small gain. I will probably look to start over at 5.25 or so, unless there is continue pressure on the market which is driving gold up.
Not doubt that taking profits this morning would have been the right play. Right now the overall market only wants to go up and minors are following it. As long as free money Yellen continues to put off rate hikes the trend will likely continue regardless of the over bought conditions.
Off to a very green start here! Hoping this is the start to a reversal.
Had not heard of that stock but I am certainly aware of how low float stocks can move. I will trade around a core position to reduce risk but let some ride as long as they are working for me. Thanks again for the heads up on this one!!
Sold half my position at 20.94 on the bounce. I will ride the remaining shares a few weeks or sell if this breaks below the recent lows.
The PPS shot right through the 10.60 resistance area. Next up the 200 sma.
If we were to see that type of buying pressure volume this would likely move dollars per day by the looks. That sure is a nice dividend to go with this move. I was hoping for a pullback to add.
Big volume today with nice price action.
Not a bad average! I am cautiously optimistic this could have a nice run. I caught the last pop, in at 5.20 and scaled out well above $6 (don't recall the exact pps) and was stopped out of my remaining shares at 6.18 on yesterday's drop. If your caught the nugt run anywhere near the bottom you did extremely well, congrats. Sure hope you bring that type of run here!!
With 9.00 holding as support this could testing the 10.50 / 10.60 resistance area. Form there it could move up a couple bucks before hitting the next resistance area. The higher lows since mid January are telling a story.
Hey dude thanks for the heads up. I picked up 1/2 my position today with targets in place to buy on pullbacks based on the chart. If it continues on up I will ride the shares I have.
That certainly worked out for you. I tried adding this morning at 5.21 but didn't quite make it there so rolling with what I have.
Very nice bounce underway. Congrats
Looks like a nice little gap up. Let's hope we get some continuation. Since we are against the trend I will be moving my stop loss up quickly to lock in profits.
Thanks, you too. Plenty of resistance on the GDX chart in the 20.50 - 21.00 range with the MFI trending down on the daily.
I re-entered at 5.31, had an order sitting at 5.26 but it didn't fill. After the big more down we could very well see a bounce tomorrow.
And stopped out...live to fight another day.
Thanks for your post, I just don't have much time to post. I pick up a small position here at $20.00 with NG hitting the 50 dma on the daily.
Picked shares at 5.78 with a tight stop.
It has been quiet here and I normally don't post much at all these days. I was surprised by the pull back, got stopped out of my remaining shares. Like you I am looking to start over building a position between 19.80 and 21.20 but taking it day by day.
The PPS could do anything, this is the stock market so anything is possible. The share structure is the reason the PPS continues to tank so to say the structure doesn't matter sounds kind of silly. Price prediction on message boards are equally as silly.
Nearly the entire penny stock market has little interest therefore the vast majority of the PPS continue their down trends. Yet for some reason you feel the need to continue to post the obvious here like its a news flash. Meanwhile I spend my time trading big board stocks and options quietly because that's where money can be made.
Good luck accomplishing whatever goal you are attempting to achieve.
Not exactly, he said it's worth $100 million now. The market opportunity is $500 million plus global opportunities. Second generation brings that opportunity to $2 billion.
http://wsw.com/webcast/seethru15/ambs/
You are entitled to your opinion but don't get to make up facts.
Thanks for the kind words gripper. I don't post much any more but sometimes I am bored and like to set the record straight.
With yesterday's news and the previous funding brings the total to $5.5 million of friendly financing. This could certainly be the start of the turn around but we will see.
Good to hear you are in and certainly wish you all the best in the form of many returns. Hope you have a great, safe and enjoyable weekend too.