GCN - GoConnect Limited

[motorway]

Motorway,
Others here with different agenda to my questions.
Will comeback to the analysis questions later.

One aspect of the 2.6c level I would like to leave here for future reference (while I remember the total) is,
during the period on your p&f involving the 2.6c level, that price represented only 16.6%of the total traded. Am still struggling to see a particular significance in that level beyond it being a momentary corner on the pathway to a lower price.

As for the chart
It did not move again and remained unmoved at the end of the day.
The last Box filling with more Volume and Time

As to volume
(your question

16.6%of the total traded

)

The figure charts boxes are filled with volume
No trade ( A meeting of demand and supply ) ->No volume --> No Box is filled on our Figure charts...So volume ( and you will find this out for yourself ) is internal to the Figure chart , just like the waves in the ocean are filled , have to be filled with water.

But water does not make waves in the ocean and Volume does not make price movements ( waves ).

Question .. How much volume is in a P&F BOX ?
Answer .. just as much as there needs to be !
Question .. How much time ? ( the other component )
Just as much as there needs to be!

Needs to be = what matters at that moment in time.

The volume you see is only the volume actualized
And that is Not the volume that matters.. ( nothing to do with the "CAUSE" )

What matters is the demand that did not find supply
the supply that did not find demand.

The volume you do not see is what matters.

"What did not happen matters as much as what does happen"

The volume you did not see ( Did not see NOW , but WILL see later at a higher or lower PRICE ) matters

What matters is what the Figure chart reveals
===> EXHAUSTIONS ( various )

why were there only
five boxes at .026

Because demand became exhausted and that is what matters

The columns change direction as Demand and Supply in turn exhaust themselves.

They change direction for NO OTHER reason.
They do not wait , They do not pause.

THEY DO NOT LAG...


And they do not change because some amount of time passed
or amount of volume traded or any other reason.

They change when it MATTERS.

They change when the Composite Man makes them change.

The Figure Chart
is called the "Manipulation Detector" ( consider why not volume ? ==> if I were to sell 1,000,000, shares to myself that would be manipulation 10,000,000 ,100,000,000 would be massive manipulation ,who cares does not mean a hill of beans. How can you tell if I am selling to myself or really SELLING ? )

A topic of worthy study
and extreme reward ( imo )

The chart is at the current moment the same as earlier posted.

In that is a hint of the Two Dimensional reality of the market.

maybe it never moves again


Motorway

 

[Mistagear]

why were there only
five boxes at .026
Because demand became exhausted and that is what matters

I put it to you that demand was exhausted prior, 2.6c level was a pathway between significant levels.
The market moves from high to low volumes and back again. Extremes become the more significant levels where a trader is able to benefit through appropriate risk/reward plays.
2.6c level was actually a supply exhaustion, but was so time brief, and light on relative volume that it represented neither a significant volume or time level, as far as my analysis of the volume, price and time relationship is concerned. Barely greater than a random level (a corner in the pathway between more significant and complex points)

Am trying to understand your terminologies, however we seem to use very different styles (and chart type)in our respective thought processes and explanation style.
Please bear that in mind.
Interesting convo, appreciated

 

[motorway]

I put it to you that demand was exhausted prior, 2.6c level was a pathway between significant levels.
The market moves from high to low volumes and back again. Extremes become the more significant levels where a trader is able to benefit through appropriate risk/reward plays.
2.6c level was actually a supply exhaustion, but was so time brief, and light on relative volume that it represented neither a significant volume or time level, as far as my analysis of the volume, price and time relationship is concerned. Barely greater than a random level (a corner in the pathway between more significant and complex points)

Am trying to understand your terminologies, however we seem to use very different styles (and chart type)in our respective thought processes and explanation style.
Please bear that in mind.
Interesting convo, appreciated

Here is the whole leg down

Note it is a series of runs and congestions !

it is really from those horizontal congestions that Price moves to and from
High Volume is the effort seen at exit and entry.

Price Volume and Time are all Important !

It is just that many do not explore the figure chart studies or ever understand the figure chart at all.

yet RDW said of it that it is Vital
His chart of choice for intra day and extra day trading. ( short and longer term than intermediate swings )

The Figure chart has much to teach and is closely connected to the wyckoff reality of understanding the market in terms of Waves.

I do not disagree that .026 was a stepping stone ( the earlier question )
just that at that moment it was what was important !


check your PM inbox

Motorway

 

[Chasero]

Bottom might have been in @ 0.024

Really nice today

 

[motorway]

Bottom might have been in @ 0.024

Really nice today

The columns change direction as Demand and Supply in turn exhaust themselves.

They change direction for NO OTHER reason.
They do not wait , They do not pause.

THEY DO NOT LAG...


And they do not change because some amount of time passed
or amount of volume traded or any other reason.

They change when it MATTERS.

They change when the Composite Man makes them change.


The Figure Chart
is called the "Manipulation Detector" ( consider why not volume ? ==> if I were to sell 1,000,000, shares to myself that would be manipulation 10,000,000 ,100,000,000 would be massive manipulation ,who cares does not mean a hill of beans. How can you tell if I am selling to myself or really SELLING ? )

A topic of worthy study
and extreme reward ( imo )

The chart is at the current moment the same as earlier posted.


maybe it never moves again


Changes in activity are an important indication!
This is part of the Time Element , Time is important.

It stopped at that ( what was it ? , was it The Station ? ) BOX
as I said for a significant period of time.

It sat there and filled with Volume and Time ( much more than any surrounding )
( is it the bottom of that very long hill ? The Billy cart did stop there , that we know)

It now as become active again. But moving UP

Forming an interesting pattern ( patterns that people use are well down the list of what matters . Pattern as shape is more important)

Some of the more important things that matter are:
(1) The Price movement ”” number of points advance or decline. ( this relates to the whole wave as well as individual columns
(2)The Time elapsed in each movement ”” up or down. ( work takes time -->in this sense time--Ripens and puts to the test )
(3) Comparative lifting power or pressure on each up and down swing ( this relates to how much new ground gained--> very revealing)
(4) Pattern / Shape ( many ways to get from A to B- power = work done / time taken
(5) etc eg half way points etc


looking at the action
There is new demand but trying hard not to buy at .028

lets see that happens if we see .028 box start to fill !

No reason not to be buying NOW with a stop
for an aggressive entry !


The fluctuations are the market reality
You only need an "Engine" to turn them into $$$

Motorway

 

[Chasero]

Looks like bottom was in.

GCN is running today. 0.03

Wonder how it'll close.

 

[motorway]

You're a perma bull in your analysis. What would it take for you to exit?

Also sammy.. Bear in mind. The only point of the forum is discussion. To the extent that there is discussion I will participate. Where there is no discussion there is likely to be gaps in the flow of comment. Or even an end to any discussion.

Here is a comment I made elsewhere where there was a discussion at the time.

The topic was "Way Oversold" and some being said about Fibs and Indicators etc
There was no further discussion on this.. Just in the main more talk about about other things==> announcements.

We have in the main urgent sellers
continual reaching for the bid and yes there are bids.

While this is the situation what means "OVERSOLD"

The move down from the swing high contains getting on to 200 mil shares traded.

Something really changed at around the .041 level.

At least three things could have happened..

But this move down is a significant move down !

One thing for certain the move down will end !
All this ( this ! ) selling - Supply will have been met.

Will then just leave the buyers ( net buyers , They will if they want more have to reach up to the sellers then. So far they want )

At what price will it stop going down ?
When the last urgent seller Sells.

With that in mind

.032 looks very possible
If that breaks and more selling==> .021 could be a chance.


But anywhere in between
It happens when it happens !

Motorway

"The last price is always , just HISTORY"

OK for the benefit of discussion.

High Probability that it has happened !

Is it time to look for multiple buy opportunities ?

I will say YES.

Ok This is "good" maybe only to the next box on my chart !
So no point discussing this after --. As being Bullish or Bearish
Discuss after if you like for education.

It is a comment about NOW ( and that is what always matters the NOWs )

Remember to click and expand the chart !

Uptrend is Not confirmed just YET ! imo
A Turning Point was identified !
But is it MAJOR, INTERMEDIATE or MINOR ? ( I have a view based on the chart )

Mistagear => The line at .026 did prove crucial.. It is a P&F chart ! Given one consideration, You can not assume any box or series of Boxes are unimportant or has any less meaning until it proves to be so.

IE To not miss any important Box on this chart you would have to use a BAR chart with a time frame less than 10 seconds.. You could safely ignore maybe 99.9% of all the bars on such a chart. But you ahead of time do not know what 10 sec bar is going to be important ( maybe you will need bars less than 1 sec ).

Whatever 1 sec bar does become important WILL post a BOX on My chart. All those not important will Not post a box My chart.


Note there is well over 300 million shares traded now since the last swing High !


Obviously Void if falls back to or esp below .025


Motorway

 

[Mistagear]

Motorway,

Struggling with the P&F so far, enjoying the alternate to my own method.

Does the current base formed on your chart create a potential target ?
Theoretically, of course

 

[motorway]

Motorway,

Struggling with the P&F so far, enjoying the alternate to my own method.

Does the current base formed on your chart create a potential target ?
Theoretically, of course

Every box is where the was a difference of opinion !

Every congestion zone is where there was an aggregation of differences of opinion.

A trend lets say up... is where these zones of "differences of opinion" form at sequentially Higher prices

++>

Technical Targets to gauge..

.045
then .051

Then depends on what energy it picks up along the way !

Obviously Void if falls back to or esp below .025

"The most valuable feature of Figure Charts, however, is their horizontal formations !"

Because with one exception ( maybe ) No other chart can reveal the Horizontal Formations as explicitly .. It is where the differences of opinion are that matter..

The one exception calls these formations ... Zones of Value.

Motorway

 

[motorway]

As to the Chart ===> ABSORPTION ( consider why )
A ( another ) PRIMARY BUY POINT !

The only variable is tIME.

consider carefully

Unless You Understand Time
You Understand NOTHING


I have Highlighted tIME with Black Boxes
They are the daily closes!

But they are NOT Time



Motorway

 

[Mistagear]

You Understand NOTHING




Motorway

Well I know nothing in that case.

 

[motorway]

Well I know nothing in that case.

P&F takes you out of time frames into the intrinsic reality of supply and demand.

( It is truly imo a very worthwhile study with many nuances. It seems foreign to many it would seem... It is NOT a bar chart with static time frames ==>

" Most technical traders organize market data in terms of time and price. Peter contends that this is not the way the market represents itself, and that traders would be better served to view market data as the market actually presents it.

Peter examines market segments, or discrete market movements, in terms of value and development rather than price and time. To really understand the market, traders must allow the market to communicate freely. Any externally imposed structure will distort the results. Peter views chronological time as just such an external structure. Market movements do not conveniently begin and end at pre-calculated times in order to coincide with a particular chart or trading style. Market movements begin when some inefficiency between buyers and sellers exists. The movement ends when the market has attained its objective." etc ........

I post to challenge myself as well as anyone who is interested.

The only real variable on that chart it would seem is tIME ( in that it significantly changes ( tIME = chronological time the time of time frames ) The time frame is expanding and contracting. It is a Primary factor to consider.

In Intrinsic time , market time we just see the structure and dynamic of SUPPLY and DEMAND.

Two views ==> Chronological Time Vs market time. This is what I mean by understanding.

A well know P&F Authority stated that P&F charts are charted under the aspect of eternity ( any P&F practioneers will be able to tell me who said that ).

In what he said he was imo only halfway correct..

In the Blog post associated with this chart ... I quote a passage from Peter J Steidlmayer on this topic. I find him a very good P&F ( Intrinsic time ) Practioneer.


I have read your posts here and elsewhere
I would never have said You Know Nothing
Quite the Contrary.

Motorway

 

[Mistagear]

P&F takes you out of time frames into the intrinsic reality of supply and demand.

( It is truly imo a very worthwhile study with many nuances. It seems foreign to many it would seem... It is NOT a bar chart with static time frames ==>

I post to challenge myself as well as anyone who is interested.

The only real variable on that chart it would seem is tIME ( in that it significantly changes ( tIME = chronological time the time of time frames ) The time frame is expanding and contracting. It is a Primary factor to consider.

In Intrinsic time , market time we just see the structure and dynamic of SUPPLY and DEMAND.

Two views ==> Chronological Time Vs market time. This is what I mean by understanding.





Motorway

I do not as yet have an understanding of your "time" concept.

For me, On a Bar Chart I have an awareness of time spent at price, but that has an "amount of volume" component as a greater priority.
My favourite chart type for clear understanding of supply/demand is a Volume Chart (not a bar/time chart with volume indicator ), and that has no time component at all.
Perhaps this is the cause of my mental block with the Time Dimension.
I will continue to read, Thanks.

 

[Chasero]

IPTV/WiFi partnership in Mongolia,FirstMongolian entitlement

Anyone understand this mongolian mine business?

 

[motorway]

IPTV/WiFi partnership in Mongolia,FirstMongolian entitlement

Anyone understand this mongolian mine business?

I'm not smart enough to get what they are doing here...

So GCN shareholders get free shares in First Mongolian shares???

So chinese music, now mongolian mining..

No ! But free shares sounds OK !

But in any case the Chart says good absorption at .033 through the day. After by any measure==>

Thrusts, halfway points . trend lines etc..

The trend had turned up ( at least till it turns down ).
Was close to 300 mil shares in that down leg.
Now / there is nearly 200 million shares in A Base. ( rough ball park figures-> You get the Picture ! ).

What will sustain any up move is more selling ( SERIOUSLY ! )

Only way to lock in a STRONG TECHNICAL POSITION

How else to get 300 million shares in the base ?



Will try to get around to updating the charts. ( serious personal matters at the moment )

Consider the ( esp a P&F) chart in the sense as a chart of the flow of willing supply !

Absorption --> Reveals a certain growing unwillingness !

Consider in this sense reading your charts from the aspect of SUPPLY.

Like turning charts upside down . Give you a different perspective



Motorway

 

[skc]

IPTV/WiFi partnership in Mongolia,FirstMongolian entitlement

Anyone understand this mongolian mine business?

Let's see.

Unknown Mongolian investment company wants to list on ASX. GCN holders are asked to help achieve spread requirement for ASX listing - so free shares for holders above a certain threshold. The record date is undisclosed so you can't sell. But the mine might worth Billions so you won't want to miss out.

Hmmm... sounds familiar?

Wasn't that the same deal with P1? How's that listing going? In fact, this is the 4th such soon-to-list deals GCN has tried since 2005 - none of the first 3 amounted to anything. I am sure the supporters will say "Stop looking at the past and look to the future!". I am sure P1 will be in the past soon as well - the next deal is ever so much more enticing.

Absolutely unbelievable that they try to pull this kind of trick again (and so soon). Is GCN the most pathetic company on the ASX? This is a listed company using tactics that are imo comparable to those Nigerian scams.

And Wifi partnership in Mongolia... Please!. Mongolia has a population of 2.8m and a per capita GDP of $3000. That's the equivalent of ~120k Australians. You think they'd target Wagga Wagga first. At least people speak English there.

And the saddest part is that there are probably plenty of fools out there buying this . I think there are also many traders out there who don't believe in this sort of $hit - but all it takes for them to buy is the belief that there are greater fools out there to take the stock off them.

The stock will probably run, then it will crash. A trading opportunity perhapds, although I've decided not to participate because the whole thing just smell so bad and I don't want to get any stench. But the danger is that, with this kind of pumping, it wouldn't surprise me to see a cap raising soon.

 

[McLovin]

This is getting into just being completely stupid. Anyone who touches this thing should go and put their money in an index fund, you're not cut out for the market.

Honestly, I think they have a big map in the GCN head office and they just throw a dart at it and then presto, a day later we have an announcement about how they are expanding into it.

 

[Chasero]

Gotta say this is the most ramped up AND bagged out stock on other forums.

I have to hand it to GCN for being the company to make the most announcements (just look at them over the years, or should i say decade) yet none of these come into fruition?? i.e. generating constant revenue.

I wonder who they are going to get to value the manganese mine at..

 

[McLovin]

Gotta say this is the most ramped up AND bagged out stock on other forums.

The people ramping it have no idea what they are doing. I've read some of the comments on other forums and it's like Innocent First Timers meets the dotcom bomb.

Think rationally about it and there is no other conclusion you can make.

1) The company has never made a profit, ever.

2) The company has virtually no revenue.

3) The company has a history of strange valuations. In 2010 they were tossing out numbers as high $800m for their IPTV platform. Valuing each subscriber at $813 based on the bizarre formula of using FTA TV networks market cap and dividing by number of viewers.

4) They seem to have a penchant for using scrip to buy unprofitable startups, which again they assign bizarre valuations to.

For this latest announcement, why is there nothing on the internet about First Mongolian? Why have they said nothing beyond "diversified interest in mining, business consultancy and media"? Why don't they give some idea of the brands used by the company or at least a website we can go to?

 

[Mistagear]

Ethical traders in here,
Personally I have always thought of Traders/Investors as being a parasite on society (self included). Unless you can claim to be a seed capital provider, all else does nothing to add to society.
In fact we prey on the misfortune of others by buying shares from the counter-party when we fully believe that to be the bottom from then on, and sell to some unfortunate persons when we think the price to be the highest.
Each time we inflict this merciless act upon our fellow Traders, it does nothing to add value anywhere, except in our own bank account... How ethical is that ?
Anyhow, I have had no problem taking profit from GCN, it's purely another chart used to play this game we play.
Have just locked in some "dirty profit" (+40% @3.6c, trail stop the remainder ), better go take a shower to get the smell off myself.

PS. I'm thick skinned as well as unethical