MLS - Metals Australia

[tech/a]

tech
in your chart you have the...likely retractment zone
wouldnt this be a break in the trend?

i have it at .078

Depends on where you draw the trend line from.

There are longer term and intermediatary trends on the chart.

 

[Wilson!]

Hey tech

How do you see it performing on the chart today?
Looks pretty strong if it can breach 8.7 then 8.9



Cheers...
Wilson!

 

[Snakey]

Hey tech

How do you see it performing on the chart today?
Looks pretty strong if it can breach 8.7 then 8.9



Cheers...
Wilson!

its like tech says....one day turn around is hard to sustain
would not expect break out this week but any trading under .082 i would buy more if i could ....if it reaches .078 buyers will hammer in to it at this price i believe. this ones a keeper for me at least untill i see 10c.

tech...here is an ideal sample of a snakey medium term hold...
buy xxx @ 2.5 sell 5.0
3 days later
buy xxx @ 3.0 sell 6.0
2 days later
buy xxx @ 5.0 sell 10.0

this is the same as a hold from 2.5 to 13.0
effectively its a hold plus benifits and decreased risk
your 5.0 buy cost you 0.0...if they go to 4.0 your still in front.
what do ya recon?

 

[tech/a]

its like tech says....one day turn around is hard to sustain
would not expect break out this week but any trading under .082 i would buy more if i could ....if it reaches .078 buyers will hammer in to it at this price i believe. this ones a keeper for me at least untill i see 10c.

tech...here is an ideal sample of a snakey medium term hold...
buy xxx @ 2.5 sell 5.0
3 days later
buy xxx @ 3.0 sell 6.0
2 days later
buy xxx @ 5.0 sell 10.0

this is the same as a hold from 2.5 to 13.0
effectively its a hold plus benifits and decreased risk
your 5.0 buy cost you 0.0...if they go to 4.0 your still in front.
what do ya recon?

fine if you can find price action that coinsides with that type of trend formation.

 

[Snakey]

fine if you can find price action that coinsides with that type of trend formation.

mls aim gdn dyl
its very hard to stay one step ahead of the price action because the market always moves the goal posts and there only one thing that you can be sure of... and thats.. you can never be sure of anything.

 

[Wilson!]

Looking good, got it right today - happy with that
Support building at 8.9

Would be good to see 9c chomped, which could let the gates open

 

[Snakey]

are these hitting your radar yet tech?

 

[MiningGuru]

9c chomped now

It has moved to 9.1c

Fantastic signs for a push to 10c!

 

[tech/a]

yeh watching and good to see your having a run.

Its just not a setup I would trade, for those reasons shown in the chart.

My analysis will be wrong if there is sustained trading above 9.5c

 

[Snakey]

yeh watching and good to see your having a run.

Its just not a setup I would trade, for those reasons shown in the chart.

My analysis will be wrong if there is sustained trading above 9.5c

my prediction would be wrong if it breaks high today

 

[nizar]

My analysis will be wrong if there is sustained trading above 9.5c

If that happens i will most likely jump in with both feet

 

[Snakey]

out at .09
no thats not me on the board at .09

 

[nizar]

out at .09

Quick profits a good profit.
Well done.

 

[tech/a]

Snakey I'm impressed.

Day traders now selling out---- how buyers hold the selloff will tell a lot about future action. This will go on for the next 45 mins or so.

 

[Snakey]

Snakey I'm impressed.

Day traders now selling out---- how buyers hold the selloff will tell a lot about future action. This will go on for the next 45 mins or so.

thank you
i just hope it not one of those trades you regret 10 mins later

 

[Snakey]

looks like correct decision at the moment

 

[tech/a]

Snakey.

A closed trade to me is just that.
All done.

For me right or wrong once its over then thats it for that trade.
Next trade is the next trade---not a left over of the previous trade!!

 

[Snakey]

Snakey.

A closed trade to me is just that.
All done.

For me right or wrong once its over then thats it for that trade.
Next trade is the next trade---not a left over of the previous trade!!

yes you are right
will now work on the "one day turn around is not sustainable" factor
and wait for this to come true

my other ones are going alright too thats rmi

 

[Snakey]

nearly signaled buy for me
whats your conclusion tech?

 

[Bullion]

Strong close... I am back in at 9.2c hopefully tomorrow brings the buyers back