Short term discretionary trades---Real time examples

[tech/a]

CTO bought this morning at 38c in the pullback at 11.10

 

[markrmau]

SMM. Last major move has had 50% retracement. Bought in the panic on open ($1.18). PM me for copy of contract note. 10% stop, no ifs or buts.

 

[markrmau]

Stopped out of SMM (silly trade really) and EPG.

3 losses from 3 entries. Better not follow my trades.

Wait for market to stabilise first (there is no hurry as things usually drop more quickly than they rise).

 

[tech/a]

3 losses from 3 entries

Your not alone.

 

[GreatPig]

My buy button is gathering dust at the moment.

GP

 

[Bobby]

Any short sellers doing ok ? I bet there is !

Bob.

 

[RichKid]

Entered AOE at 62c in what is clearly now a very high risk trade. Stop at 58c, minor pivot low.

Stopped out. Sellers in control.

 

[tech/a]

CTO very little change.
AIM didnt get filled at 12.5c but is now more interesting.

 

[tech/a]

Inline to sell CTO at 37c

 

[tech/a]

CTO sold at 37c
AIM as well at 17.5c
Copped a small loss could have been worse and had I been filled at 12.5c been much better.Would have been nice to show a loser to a winner but the principle is there.Not really a recommended trading method.More a get out of jail card.

 

[Bobby]

CTO sold at 37c
AIM as well at 17.5c
Copped a small loss could have been worse and had I been filled at 12.5c been much better.Would have been nice to show a loser to a winner but the principle is there.Not really a recommended trading method.More a get out of jail card.

Tech just did a Gartley count on AIM, it starts from the recent low in late April of .12c to the high of .20 then back to .12, up to .175c, then now going down again to .095 before the next rise.

Your thoughts ?

Bob.

 

[tech/a]

Bob

Ive not studied Gantley,and have only rudimentary Elliot knowledge.
Wave counts can be subjective and its price action which will either prove the count correct or prove it wrong at the time of the count.

As time goes by we will see if my and your analysis has credence.

But O/N markets have me thinking that this trade at least will be weaker.

 

[tech/a]

Bought NLX
trades 102,103 for anyone whos interested.

Ill post the analysis tonight,but old high acting as support to todays low of .055 so stop is at .054.
Fundamentally a change in structure re cost cutting and this seems un effected by commodities.

 

[tech/a]

Here you can see yesterdays High acting as support for this mornings low

 

[RichKid]

Tech just did a Gartley count on AIM, it starts from the recent low in late April of .12c to the high of .20 then back to .12, up to .175c, then now going down again to .095 before the next rise.

Your thoughts ?

Bob.

Tech/Bob,
FWIW I've posted a couple of studies in the AIM thread, just caught my eye because of Tech's charts, thought it'd be good to practise on it, possible re-entry on completion of wave C: https://www.aussiestockforums.com/forums/showpost.php?p=48469&postcount=46

 

[Bobby]

Tech/Bob,
FWIW I've posted a couple of studies in the AIM thread, just caught my eye because of Tech's charts, thought it'd be good to practise on it, possible re-entry on completion of wave C: https://www.aussiestockforums.com/forums/showpost.php?p=48469&postcount=46

Rich I had a look ( nice counts ) It will be educational to see the outcome on this.

Cheers Bob

 

[tech/a]

Sold NLX at $.059
9.57am.

$500 less Brokerage--

 

[tech/a]

Loaded into SRK at 57c
Im exepecting it to pullback to old
resistance on todays buying at 57c

 

[tech/a]

Moved up to 58.5c

 

[GreatPig]

Bought BTA at $1.525.

Stop at close below $1.44 for a 6% loss. Hoping for a run up to $1.80 or $1.90.

Cheers,
GP