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JMS - Jupiter Mines

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SevenFX said:
exceptionally tight range bt .365(2.3m) to 37c(2.1m) where most b/s is going on in first few mins.
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Tek,
which software/program do you use to tell you how much volume occured at what price?

Thanks.
 
nizar said:
Tek,
which software/program do you use to tell you how much volume occured at what price?

Thanks.
Click to expand...

Not recommended it, because of all it's probs eveytime they release new ver, but Commsec protrader2 (trade anlysis) by VOL or TIME. free is you trade 1 option a qtr.

EDIT: I have westpac acct, but dont use bcause of no trading tool, unles you buy your own.

Nothing special but does the job, which can also see into chart if look deep enough I guess...
 

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Market tools which works only with Market cast or Bourse.

Here is a 1 min chart.
 

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nizar said:
Tech wouldnt you agree that a stock breaking out is a stock breaking out regardless of whether or not you have traded it in the past?
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do you think it is going to do 50% every day????
 
Snakey said:
do you think it is going to do 50% every day????
Click to expand...

No.
But doesnt mean it cannot.

My point is, if stock HUY breaks out 2day and u trade it. Another stock breaks out 2mrw, whether OR NOT the code is HUY or JUA it doesnt matter, trade it unemotionally.

Look at all the previous breakouts: DYL, AUZ, AIM, WMT, MLS. All lasted more than 1 day. MLS personally i was in or out a few times. Your 3 day rule wouldve cost me.

Just my opinion. Keep in mind that Im just a beginner and u are much more pro than me.
 
nizar said:
No.
Look at all the previous breakouts: DYL, AUZ, AIM, WMT, MLS. All lasted more than 1 day. MLS personally i was in or out a few times.

Your 3 day rule wouldve cost me.

Just my opinion. Keep in mind that Im just a beginner and u are much more pro than me.
Click to expand...

Not to mention PMH, GDN, MOX... :D

I don't have a 3 day rule either and call it as it unfolds intraday...

Were all just beginners, even Tech/A just a lot more experienced BIGinner than us.

EDIT MLS MAY be running again....
 
nizar said:
No.
But doesnt mean it cannot.

My point is, if stock HUY breaks out 2day and u trade it. Another stock breaks out 2mrw, whether OR NOT the code is HUY or JUA it doesnt matter, trade it unemotionally.

Look at all the previous breakouts: DYL, AUZ, AIM, WMT, MLS. All lasted more than 1 day. MLS personally i was in or out a few times. Your 3 day rule wouldve cost me.

Just my opinion. Keep in mind that Im just a beginner and u are much more pro than me.
Click to expand...

i am doing mostly multi day trading as these are easier to predict
i have been burnt serverly by double dipping in the early days and have found it to be extremly dangerous. hence the rule for myself
 
Snakey said:
i am doing mostly multi day trading as these are easier to predict
i have been burnt serverly by double dipping in the early days and have found it to be extremly dangerous. hence the rule for myself
Click to expand...

Power tools are dangerous to in the inexperienced hands, but agree that your safer trading over time (days, weeks) than intraday....till your more experienced/comfortable.

OR have a big enough acct, to carry you through :banghead: whilst your experience is growing, and your acct is shrinking... :eek:

You will have to change your "Day Trader" to "Multi Day Trader"...sorry just teasing.. :D
 
SevenFX said:
Power tools are dangerous to in the inexperienced hands, but agree that your safer trading over time (days, weeks) than intraday....till your more experienced/comfortable.

You will have to change your "Day Trader" to "Multi Day Trader"...sorry just teasing.. :D
Click to expand...

To be honest, i never wanted to day trade.
MLS if it were to give me 10% a week like EWC i would ride it for several months.

Same with INL, i seriously wanted to ride the long term trend.

Yesterday JMS i wanted to ride the long term trend, when i entered volume was average, i had no reason to think it would explode.

But then they explode 30-50%+ in 1-2 days, and i say thank you very much.
 
nizar said:
Tech wouldnt you agree that a stock breaking out is a stock breaking out regardless of whether or not you have traded it in the past?
Click to expand...


Yes BUT.

Look at where its breaking out from (For short term trading).
A break from consolidation (The longer the better) indicates that you'll have a strong INITIAL push.

It will pause and consolidate again if its any good.
Then it will have the added factor of having to push through zones of higher price action.

Trading breakouts from periods of consolidation are great to trade and great trends are made of these.
Breaks above a high arent a breakout as such without periods of consolidation its just a new high.

The faster and greater an initial move (generally) the deeper and longer that pause is going to be before a stock will be able to MAINTAIN new highs.

Your choice is sit and wait and put up with the pullback for as long as it takes (If it does at all!) or move on.
With the size positions I take I cant make the NUMBERS work sitting in them,too much tied up for to long and NO guarentees.

Make sense.??
 
tech/a said:
Yes BUT.

Look at where its breaking out from (For short term trading).
A break from consolidation (The longer the better) indicates that you'll have a strong INITIAL push.

It will pause and consolidate again if its any good.
Then it will have the added factor of having to push through zones of higher price action.

Trading breakouts from periods of consolidation are great to trade and great trends are made of these.
Breaks above a high arent a breakout as such without periods of consolidation its just a new high.

The faster and greater an initial move (generally) the deeper and longer that pause is going to be before a stock will be able to MAINTAIN new highs.

Your choice is sit and wait and put up with the pullback for as long as it takes (If it does at all!) or move on.
With the size positions I take I cant make the NUMBERS work sitting in them,too much tied up for to long and NO guarentees.

Make sense.??
Click to expand...

Yes thanks for the explanation.
 
Re: Australian paper

exberliner1 said:
According to Jupiter, "surveying and surface sampling" has confirmed a haematite zone more than 4km long and at least 300m wide.

That makes the deposit richer and thicker than Rio Tinto's Brockman 3 deposit mine next door.

Assay results of the surface sampling are expected next week. While it's early days, investors happily pushed the stock up 11c or 55 per cent.
Click to expand...


Thicker and Richer than RIOs deposit? roflmao thats a bit Rich given they haven't even got any assays back

Meanwhile I've already found my next JMS, just accumulating enough of a position before I post up on it :D
 

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