Archive through January 05, 2006

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hershy

Member

Post Number: 1086
Registered: 10-2002

Rating: N/A
Votes: 0


Monday, December 19, 2005 - 08:30 am:

Many people, moi included, do !
And what's more, it's very interesting dribble.

The road to success is usually under construction.

http://members.optusnet.com.au/~hershy/

mosaic1996

Member

Post Number: 1219
Registered: 01-2003

Rating: N/A
Votes: 0


Monday, December 19, 2005 - 09:19 am:

CR,

I also read it (twice), and I noticed your error. So people do read your dribble.

Endorphin,

IMO, you are trying to make a difficult task (TA) a lot tougher by looking at profiting from retracements. By definition, a retracement is limited in value. Realistically, you will only capture 50% of the retracement by the time that you identify the opportunity, and allow for the giveback of the stop-loss.

In the case of RCD, it has already given back a fair bit, so your entry is fairly late. Looking at the chart, it is in a fairly strong uptrend (>50% p.a), so it would be dangerous to get in the way of the train.

Do the funnymentals count?

Is it worth checking the funnymentals? Well in the case of RCD the answer is probably yes! RCD announce that they are in merger discussions. This explains the most recent spike up. Now the danger is that you enter a position, the company announces a trading halt for a few days, the terms and conditions of the merger is announced, trading resumes and the share price gaps x% (up or down?).

An Easier/More Reliable Trading Strategy

Many of the gurus(?) that write TA/trading books and forum members advocate trading with the trend, and entering on retracements.

Cheers,
Mosaic

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ingot54

Member

Post Number: 986
Registered: 05-2004

Rating: N/A
Votes: 0


Monday, December 19, 2005 - 09:48 am:

Following every word, and enjoying it.

Keep Smiling

Trading style :Short Term and CFD's predominantly

tony_m

Member

Post Number: 485
Registered: 01-2003

Rating: N/A
Votes: 0


Monday, December 19, 2005 - 11:41 am:

Endorphin, the RCD 118X person is back again once RCD got back to $8.02 this morning but now, at least for the moment, is buying 1183 at a time today instead of 1187 1187 and 1188 as on Friday......Tony_M

chriswillz

Member

Post Number: 157
Registered: 04-2005

Rating: N/A
Votes: 0


Monday, December 19, 2005 - 11:44 am:

Hi Tony,
Just a guess, could this be index trading? The minor differences reflecting the slight changes in weighting?

Chris

endorphin

Member

Post Number: 3
Registered: 09-2005

Rating: N/A
Votes: 0


Monday, December 19, 2005 - 12:16 pm:

I find that really interesting(the buyer that is). I'm not in RCD at present but my indicators told me it was a good short last Wednesday the 14th, even getting out today would have resulted in a healthy trade for me. Having looked at RCD over the long term I agree it is a strong stock, but as I've said I'm a short term trader. This trader is obviously buying on the "retracement" and that tells me to WATCH it closely because sooner (rather than later)RCD will re-establish it's upward trend and be a good long trade, IMHO anyway.
Tim

endorphin

Member

Post Number: 4
Registered: 09-2005

Rating: N/A
Votes: 0


Monday, December 19, 2005 - 12:35 pm:

Curious that the XAO is sitting point 2 of 1 point off it's high high today(at the time of writing this), I think it will punch through but for cryin' out loud, I think the big fat red bloke is runnin' a few deer short this year. It's a bit like watchin paint dry today.
Tim

tony_m

Member

Post Number: 486
Registered: 01-2003

Rating: N/A
Votes: 0


Monday, December 19, 2005 - 06:47 pm:

Chris and others, I have moved RCD into the short term stock thread, dont need to clutter this thread up ...Tony_M

archer

Member

Post Number: 1228
Registered: 11-2002

Rating:
Votes: 1


Wednesday, December 21, 2005 - 11:02 am:

Hallo Santa,where you bin'

vermante

Member

Post Number: 526
Registered: 11-2002

Rating: N/A
Votes: 0


Thursday, December 22, 2005 - 08:11 am:

After a few delays we can ring the bells that Santa has arrived safely .As we Traders enjoy his company we are rather curious as to "How long will he stay"?

Cheers

Vermante

archer

Member

Post Number: 1234
Registered: 11-2002

Rating: N/A
Votes: 0


Thursday, December 22, 2005 - 11:24 am:

Currently im preparing for a Jan 6-9 departure

hilarius

Member

Post Number: 1425
Registered: 04-2004

Rating: N/A
Votes: 0


Friday, December 23, 2005 - 02:01 am:

Good Morning

Looks like the buyers and sellers have declared a truce to carve up the Christmas turkey

Speaking as the Christmas turkey, I'd better get the potato pile peeled for Christmas dinner

Be ready for the New Year rally / sell off ... regardless of which the Green Squeeze did its work once agan and decked the halls with wreaths of green holly

Wattyl Green

With Best Wishes

Hilarius

I come in peace to share my thoughts and to shine my candle light on possible long term opportunities

hilarius

Member

Post Number: 1426
Registered: 04-2004

Rating: N/A
Votes: 0


Friday, December 23, 2005 - 02:21 am:

I come in peace to share my thoughts and to shine my candle light on possible long term opportunities

kate

Member

Post Number: 227
Registered: 04-2005

Rating: N/A
Votes: 0


Friday, December 23, 2005 - 08:36 am:

There has been some serious trading out of hours, LHG and AWC volume over 10 million, ZFX, OSH, AMP, RIN, BSL 2-10 million, does anybody know what's going on?

Kate

chriswillz

Member

Post Number: 163
Registered: 04-2005

Rating: N/A
Votes: 0


Friday, December 23, 2005 - 08:49 am: