tech/a
No Ordinary Duck
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XAO Technical Analysis
- Thread starter Sean K
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tech/a
No Ordinary Duck
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Re: XAO Analysis
Thats pretty easy.
just go here at anytime and you'll see where we are likely to open (if the market opened in the next minute).
http://futuresource.quote.com/quotes/quotes.jsp?s=AP-SFE=1
Right now if we opened we'd be solidly down.
Thats pretty easy.
just go here at anytime and you'll see where we are likely to open (if the market opened in the next minute).
http://futuresource.quote.com/quotes/quotes.jsp?s=AP-SFE=1
Right now if we opened we'd be solidly down.
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IFocus
You are arguing with a Galah
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Re: XAO Analysis
None taken
Not aware of any sprukers around at the moment on ASF but when they do turn up it tends to be a pack dog attack by various members including myself.
I have found EW to fail often like any other analysis but it can let the market come to you, when it holds up it can give a very nice where are we now insight to the market.
A general misunderstanding by users, purveyors, and those that comment generally is that its should be some how be infallible I never understand this.
I to was a skeptic (so was Tech BTW) years ago but had another go learning from Nick Radge which helped a lot.
EW has been around for a very long time nothing new about it.
BTW support level broken today interesting to see if any follow through
None taken
Not aware of any sprukers around at the moment on ASF but when they do turn up it tends to be a pack dog attack by various members including myself.
I have found EW to fail often like any other analysis but it can let the market come to you, when it holds up it can give a very nice where are we now insight to the market.
A general misunderstanding by users, purveyors, and those that comment generally is that its should be some how be infallible I never understand this.
I to was a skeptic (so was Tech BTW) years ago but had another go learning from Nick Radge which helped a lot.
EW has been around for a very long time nothing new about it.
BTW support level broken today interesting to see if any follow through
wayneL
VIVA LA LIBERTAD, CARAJO!
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Re: XAO Analysis
FWIW on EW
...it's no different to any other type of "pattern" trading. As long as it's used in a prove-disprove(to paraphrase Nick) manner and not as a strict predicting mechanism.
Also FWIW, there is a lot of wild swings in sentiment at the moment making it very difficult to trade any sort of pattern system in the normal way we're used to (IMO).
I've gone from being a strategist with a big map of the battlefield on a huge table, in a big cigar smoke filled room, pushing little models of armies and battleships around with sticks - to slipping on black clothes, blackening my face and sneaking around the jungle with an AK47 (don't jam up when they get dirty like the stupid m16) and my bayonet in my teeth, making a few raids, slitting a few throats and getting the hell away before "they" know I'm there.
This is guerrilla warfare as far as I'm concerned and the normal rules don't apply.
FWIW on EW
...it's no different to any other type of "pattern" trading. As long as it's used in a prove-disprove(to paraphrase Nick) manner and not as a strict predicting mechanism.
Also FWIW, there is a lot of wild swings in sentiment at the moment making it very difficult to trade any sort of pattern system in the normal way we're used to (IMO).
I've gone from being a strategist with a big map of the battlefield on a huge table, in a big cigar smoke filled room, pushing little models of armies and battleships around with sticks - to slipping on black clothes, blackening my face and sneaking around the jungle with an AK47 (don't jam up when they get dirty like the stupid m16) and my bayonet in my teeth, making a few raids, slitting a few throats and getting the hell away before "they" know I'm there.
This is guerrilla warfare as far as I'm concerned and the normal rules don't apply.
tech/a
No Ordinary Duck
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Re: XAO Analysis
More so Gann. Always had a respect for Elliott as I kept seeing it in terms of waves and others useage.
Really couldnt get my head around the application.
Do now.
Gann is similar but still leaves me cold re application.
While Elliot will have a few "points of interest" Gann will have 30.
More so Gann. Always had a respect for Elliott as I kept seeing it in terms of waves and others useage.
Really couldnt get my head around the application.
Do now.
Gann is similar but still leaves me cold re application.
While Elliot will have a few "points of interest" Gann will have 30.
chops_a_must
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Re: XAO Analysis
:
AKA terrorist trading.WayneL said:Also FWIW, there is a lot of wild swings in sentiment at the moment making it very difficult to trade any sort of pattern system in the normal way we're used to (IMO).
I've gone from being a strategist with a big map of the battlefield on a huge table, in a big cigar smoke filled room, pushing little models of armies and battleships around with sticks - to slipping on black clothes, blackening my face and sneaking around the jungle with an AK47 (don't jam up when they get dirty like the stupid m16) and my bayonet in my teeth, making a few raids, slitting a few throats and getting the hell away before "they" know I'm there.
This is guerrilla warfare as far as I'm concerned and the normal rules don't apply.
:
IFocus
You are arguing with a Galah
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Re: XAO Analysis
LOL you might be interested in some cheap Russian hardware off the coast of Africa.......
FWIW on EW
...it's no different to any other type of "pattern" trading. As long as it's used in a prove-disprove(to paraphrase Nick) manner and not as a strict predicting mechanism.
Also FWIW, there is a lot of wild swings in sentiment at the moment making it very difficult to trade any sort of pattern system in the normal way we're used to (IMO).
I've gone from being a strategist with a big map of the battlefield on a huge table, in a big cigar smoke filled room, pushing little models of armies and battleships around with sticks - to slipping on black clothes, blackening my face and sneaking around the jungle with an AK47 (don't jam up when they get dirty like the stupid m16) and my bayonet in my teeth, making a few raids, slitting a few throats and getting the hell away before "they" know I'm there.
This is guerrilla warfare as far as I'm concerned and the normal rules don't apply.
LOL you might be interested in some cheap Russian hardware off the coast of Africa.......
tech/a
No Ordinary Duck
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Re: XAO Analysis
uuugghh!!!
uuugghh!!!
tech/a
No Ordinary Duck
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Re: XAO Analysis
Didnt get any better.
Think we will get a very strong reaction particularly in the Financial sector.
The USD strengthened on the news sending the AUD lower.
I expect that resources will fair better in the next few days if not today.
I'm expecting a large spike down in just about everything.
Didnt get any better.
Think we will get a very strong reaction particularly in the Financial sector.
The USD strengthened on the news sending the AUD lower.
I expect that resources will fair better in the next few days if not today.
I'm expecting a large spike down in just about everything.
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wayneL
VIVA LA LIBERTAD, CARAJO!
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Re: XAO Analysis
Dunno Tech,
Though gold up a bit, copper and oil took it up the khyber.
BHP down -14.2% on NYSE.
Dunno Tech,
Though gold up a bit, copper and oil took it up the khyber.
BHP down -14.2% on NYSE.
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Re: XAO Analysis
Falls like that make for fairly exhilarating trading as it’s difficult to control risk. If BHP closes 15% lower today what can traders do? Just frantically wave the 2% rule at market?
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Re: XAO Analysis
ASIC banned short selling to solve this problem. Looks like they are going to have to ban long sellers now as well.
ASIC banned short selling to solve this problem. Looks like they are going to have to ban long sellers now as well.
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Re: XAO Analysis
Actually, l wouldn't mind betting the ASX suffers a strategically placed computer glitch this morning. Who’s going to bet against me? Winner gets a poke in the eye.
Actually, l wouldn't mind betting the ASX suffers a strategically placed computer glitch this morning. Who’s going to bet against me? Winner gets a poke in the eye.
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Re: XAO Analysis
Heh They might just ban trading all together, for a few days, just like the Pakistians. Or disallow selling below a certain price or something.
What a bloodbath though! I was expecting a bailout cos Buffet was betting on it (with a few cool billion too). Not sure if he expected this or not, or is he expecting the first bill may fail and a second one will save the day?
ASIC banned short selling to solve this problem. Looks like they are going to have to ban long sellers now as well.
Heh They might just ban trading all together, for a few days, just like the Pakistians. Or disallow selling below a certain price or something.
What a bloodbath though!
I was expecting a bailout cos Buffet was betting on it (with a few cool billion too). Not sure if he expected this or not, or is he expecting the first bill may fail and a second one will save the day?
Glen48
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Re: XAO Analysis
So do you buy more when they go down or panic?
So do you buy more when they go down or panic?
Trembling Hand
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Re: XAO Analysis
This morning isn't the day to ask that question if you havn't already planned for it.
And if that is the case it certainly is not the time to act on it.
This morning isn't the day to ask that question if you havn't already planned for it.
And if that is the case it certainly is not the time to act on it.
tech/a
No Ordinary Duck
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Re: XAO Analysis
There is no doubt that everything will suffer from the end of the financial world as we know it---panick selling.
I have 2 long trades both in the resource sector. I will be pulling my stops.
Standing aside and watching for opportunity.---It will come. Sub $30 BHP---nice!!
Nothing surer.
Whatever the crowd is doing I'll be doing the opposite---mind you timing is important.
No that doesnt mean buying my brains out today---but it does mean watching carefully.
There is no doubt that everything will suffer from the end of the financial world as we know it---panick selling.
Falls like that make for fairly exhilarating trading as it’s difficult to control risk. If BHP closes 15% lower today what can traders do? Just frantically wave the 2% rule at market?
I have 2 long trades both in the resource sector. I will be pulling my stops.
Standing aside and watching for opportunity.---It will come. Sub $30 BHP---nice!!
Nothing surer.
Whatever the crowd is doing I'll be doing the opposite---mind you timing is important.
No that doesnt mean buying my brains out today---but it does mean watching carefully.
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