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     archer
Member
Username: archer
Post Number: 1779
Registered: 11-2002
Rating: N/A
Votes: 0
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| | Thursday, February 01, 2007 - 02:32 pm: |  
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This chart is an excellent example
TMF,OBV and volume are indicating a great setup and
fundamentally they seem to have a very good royalty
agreement with VRE
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eblode
Member
Username: eblode
Post Number: 242
Registered: 11-2002Rating: N/A
Votes: 0
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| | Thursday, February 01, 2007 - 02:52 pm: |
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archer,
What is the procedure to look up shares on the ADX charts?
Many thanks,
Eugenio
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archer
Member
Username: archer
Post Number: 1780
Registered: 11-2002
Rating: N/A
Votes: 0
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| | Thursday, February 01, 2007 - 03:09 pm: |
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eblode
ADX is an australian resource stock
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palace
Member
Username: palace
Post Number: 729
Registered: 06-2003Rating: N/A
Votes: 0
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| | Thursday, February 01, 2007 - 09:43 pm: |
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hi archer
i agree well worth following ,only 100 million
shares ,market cap 9 millon ,drilling later in the month, i
believe for oil and gas
good luck
mick
(Message edited by palace on February 01, 2007)
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eblode
Member
Username: eblode
Post Number: 243
Registered: 11-2002Rating: N/A
Votes: 0
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| | Friday, February 02, 2007 - 10:02 am: |
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ARcher,
I was referring to my notes where Snifter said " The template I put on my weekly charts is an 11 period ADX with a horizontal line set at 25". I'm trying to find out what the ADX indicator is all about.
Perhaps you know?
Eugenio
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archer
Member
Username: archer
Post Number: 1783
Registered: 11-2002
Rating: N/A
Votes: 0
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| | Friday, February 02, 2007 - 10:43 am: |
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No im not familiar with the adx indicator
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palace
Member
Username: palace
Post Number: 731
Registered: 06-2003Rating: N/A
Votes: 0
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| | Friday, February 02, 2007 - 10:51 am: |
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hi eblode
if you look on left hand side and click on indicators
then directional movement ,there you have it
all the best
mick
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wadda
Member
Username: wadda
Post Number: 381
Registered: 10-2002
Rating: N/A
Votes: 0
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| | Friday, February 02, 2007 - 05:56 pm: |
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Eblode...and example of Snifter's weekly template:
I currently hold DJS but unfortunately didn't get in until the last signal shown in the above charts - no complaints though.
Regards,
wadda
"Buy low, sell high is a cliche, not a blueprint for action. It blinds investors to the professionals' approach of buying high and selling higher." Stan Weinstein
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palace
Member
Username: palace
Post Number: 733
Registered: 06-2003Rating: N/A
Votes: 0
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| | Sunday, February 04, 2007 - 09:26 pm: |
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hey wadda
whats this DJS ? a hijack methinks
back to the subject
ADX On a shorter time frame than you archer,could be time?
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wadda
Member
Username: wadda
Post Number: 386
Registered: 10-2002
Rating: N/A
Votes: 0
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| | Sunday, February 04, 2007 - 10:23 pm: |
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Just answering eblode's query about the ADX INDICATOR not the stock Mr Palace...and giving an example with the INDICATOR.
OK so how's this....ADX with ADX...
...which on a weekly basis indicates that it is not yet the time as, using snifter's method, as the +ve ADX indicator has not reached 25 as yet!
...but that's a longer term view.
Cheers,
wadda
"Buy low, sell high is a cliche, not a blueprint for action. It blinds investors to the professionals' approach of buying high and selling higher." Stan Weinstein
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eblode
Member
Username: eblode
Post Number: 247
Registered: 11-2002Rating: N/A
Votes: 0
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| | Sunday, February 04, 2007 - 10:40 pm: |
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Wadda, Many thanks,
I see the picture quite clearly now.
Watch out for tomorrow as resources will tumble.
Cheers,
Eugenio
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wadda
Member
Username: wadda
Post Number: 388
Registered: 10-2002
Rating: N/A
Votes: 0
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| | Sunday, February 04, 2007 - 11:38 pm: |
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Hi Eblode,
personally don't hold too many resources and went short STO earlier last week.
Media talk already about a bit of a tumble Monday but recovering later in the week with all the merger talk and profit results.
http://news.ninemsn.com.au/article.aspx?id=59965&rss=yes&_cobr=optus
...which implies, so as I don't stray from the thread, that ADX might not do much for the first few days...
cheers,
wadda
I believe snifter's techniques would enhance your trading style Eugino if I read it right.
"Buy low, sell high is a cliche, not a blueprint for action. It blinds investors to the professionals' approach of buying high and selling higher." Stan Weinstein
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archer
Member
Username: archer
Post Number: 1787
Registered: 11-2002
Rating: N/A
Votes: 0
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| | Monday, February 05, 2007 - 09:43 am: |
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The ADX system is for strongly trending stocks so its
of little value to what we are looking for in these threads
Palace
Just reading the tape the last week it looks like it wants
to go but ive only accumulated half of what i wanted
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wadda
Member
Username: wadda
Post Number: 392
Registered: 10-2002
Rating: N/A
Votes: 0
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