MLS - Metals Australia

Snakey said:

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

i have it at .078

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Wilson! said:

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!

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Snakey said:

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?

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tech/a said:

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

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tech/a said:

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

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tech/a said:

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

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Snakey said:

out at .09

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tech/a said:

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.

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tech/a said:

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!!

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