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     fox_terrier
Member
Username: fox_terrier
Post Number: 446
Registered: 10-2003Rating: N/A
Votes: 0
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| | Wednesday, June 06, 2007 - 10:28 pm: |  
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A favourite of mine.
Cheers
FT
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stocky
Member
Username: stocky
Post Number: 85
Registered: 10-2003Rating: N/A
Votes: 0
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| | Thursday, June 07, 2007 - 12:45 pm: |
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Hi Fox,
BIG Fav. of mine too. I got in @ 0.51c.
Been hearing that OXR needs to get bigger to ward off a Takeover, PNA is an obvious acquisition for them.
Cheers
Stocky.
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lundybob
Member
Username: lundybob
Post Number: 31
Registered: 01-2003Rating: N/A
Votes: 0
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| | Monday, June 11, 2007 - 08:00 pm: |
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Hi fox terrier,
I read your earlier posting regarding PNA ans after confirming the fundamentals took the plunge and bought
Today I posted in suggestions that there might be a place for ,as the Americans ,call them Monday Morning Quarterbacks, whereby the recent history of a
share could be reviewed by the "clever" Monday morning quarterbacks to show how the game should have been played or otherwise an indicator that could have intercepted this one before it made a touchdown
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philr
Member
Username: philr
Post Number: 176
Registered: 04-2004Rating: N/A
Votes: 0
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| | Monday, June 11, 2007 - 09:11 pm: |
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Lundybob
How did you buy today with the markets closed?
Phil
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lundybob
Member
Username: lundybob
Post Number: 32
Registered: 01-2003Rating: N/A
Votes: 0
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| | Monday, June 11, 2007 - 10:16 pm: |
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Phil,
I bought in February . sorry for confusion.That's when the fox terrier first posted
Bob
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philr
Member
Username: philr
Post Number: 177
Registered: 04-2004Rating: N/A
Votes: 0
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| | Monday, June 11, 2007 - 10:29 pm: |
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ok no problem, just wondered if I had missed something 
Phil
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hershy
Member
Username: hershy
Post Number: 2061
Registered: 10-2002
Rating: N/A
Votes: 0
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| | Saturday, July 21, 2007 - 01:46 pm: |
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In another 2 threads Coyotte was wave counting PNA and believes it to be in a wave 5.
Coyotte, I am most probably wrong but I see it as being in wave 1.
Starting with the explosive descending wedge which usually occurs at the end of abc and 5th waves I count one complete 5 wave impulsive sequence AND the corrective 3 waves before the present leg starts.
In fact, I would not be surprised if wave 2 has been signalled by Friday's candle - down - though bullish day with increased volume after breakout.
"The safest way to double your money is to fold it over and put it back in your pocket."
http://members.optusnet.com.au/~hershy/
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hershy
Member
Username: hershy
Post Number: 2062
Registered: 10-2002
Rating: N/A
Votes: 0
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| | Saturday, July 21, 2007 - 01:49 pm: |
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Oh, and here is you stirrup !
"The safest way to double your money is to fold it over and put it back in your pocket."
http://members.optusnet.com.au/~hershy/
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coyotte
Member
Username: coyotte
Post Number: 185
Registered: 12-2002
Rating: N/A
Votes: 0
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| | Saturday, July 28, 2007 - 07:25 am: |
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Apologies Hersay -- just came across your PM's
According to AdvGet your count is correct for the "Intermediate Count" but not for the "Major Count" -- besides it would be unusual for a stock to go from a Wave5 Major into a Wave1 Major without first a period of consolidation.
Chart and Counts are from AdvGet :
1:"Wave5 Inter " is labeled as "Wave3 Major"
2:"Wave4 Major" is confirmed with the EW Osc and EW trigger
3:"Waves 1,2,3,4,5 Minor" of "Wave5" completed -- eg: Wave5 of 5 .
4: "Wave5 Major " may not as yet be complete -- projection is usually 60-100 % of Wave3 Major from Wave4 Major .
5: when the 4th last bar of the Osc cleared the line it had the potential for a 100% Wave 5 move
( pity )
-------------------------------------------
1:The regression Channel is supposed to be within 95% accurate (breached)
2: The 6/4 Displaced moving average is used only in Wave5's has been breached
3: The Oval is a Fib tool used for EW swings -- above 74c Long -- BELOW 72C Short.
--------------------------
But this is the beauty of EW -- you can always plead the count was for a different Label Period
Cheers
The "Sea of Uncertainty" is defeated by the nimble vessel "Probability", not the unwieldy vessel "Prediction".
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hershy
Member
Username: hershy
Post Number: 2064
Registered: 10-2002
Rating: N/A
Votes: 0
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| | Saturday, July 28, 2007 - 09:13 am: |
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Thanks Coyotte,
Was wondering why I was not scoring a reply !
Your understanding of EW is so far above mine that I fear I might offend if I question your presentation.
I think I follow but as yesterday's action shows the high of wave 3 was penetrated does that not imply that your last wave could not have been a wave 5 ?
So far still valid for my interpretation as my chart shows PNA now in a wave 2 and so long as we do not go sub .59 this may be working towards a great entry - if what we are seeing now is only a correction and not the start of the bull hunting season.
Now is we suppose a few things I can propose the following:
Suppose we are witnessing just a correction and
suppose (we don't have to, this is obvious) we are in an uptend) and
suppose PNA will not drop any further,
we know that a double bottom (@.68)in an uptrend is a very potent bullish signal, a buy stop @ .72 above yesterday's high would set up a reasonable entry ( stop loss @ .66 )for a possible target at 92 cents.
.80 + (.80 - .68) = .92 ((risk 6, reward 20 - a ratio of 1/3.33)
Looking at the wave 1 length of .80 - .59 = 21 and extending it (.21 x 1.61) + .59 confirms target is in the area of 93 cents as a likely wave 3 target.
Time will (as it always does) tell.
"The safest way to double your money is to fold it over and put it back in your pocket."
http://members.optusnet.com.au/~hershy/
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coyotte
Member
Username: coyotte
Post Number: 187
Registered: 12-2002
Rating: N/A
Votes: 0
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| | Saturday, July 28, 2007 - 11:59 am: |
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Hi Hersay
my understanding of EW is very basic indeed -- I was fortunate
enough to have a excellent EW mentor who pointed out that the EW Patterns within the waves is fair more important than the Wave Counts and this is going to take around a decade to learn and apply properly --- hence I now only use EW as a guide to the overall trend positions .
Besides Elliott's work has been so corrupted over the years I doubt even he would recognize it now.
A classic case in point is PNA -- some schools insist that W5 will be 60 to 100 % of wave W3 , whilst others go along with W5=W1
If W5 = W1 then W5 (major) is complete -- if on the other hand W5 = 60/100% then as long as W4 (major) holds , the targets are 88c to $1.08
Also Arith & Log projections play a part -- if the waves have been over a extended period then a Log projection should be used and not Arith.
In periods of high inflation = LOG projections
The Minor and Intermediate Counts are not used in the Major Count --- Also of importance is the Weekly Count over rules the Daily Count .
The Higher Archy of counts are Monthly, Weekly , Daily and within them The Major , Intermediate, then Minor .
Then you have the EW patterns over ruling the counts .
But EW should be treated like a trend line or support level eg: either PRICE breaks the rule or it dosn't .
Basically though the theory behind EW is interesting :
Major Waves :
W1 is where the bottom feeders begin to support Price
W2 is a sharp correction on profit taking
W3 (when it moves above W1) is where Traders and Pro Inv take notice and begin strong support.
W4 Traders taking Profit
W5 The Wave where those caught at the W3 high start bailing out as they recover their losses , whilst the johnny come latelys think the sky is the limit (the most dangerous Wave)
Much prefer to look for early W3 --- the CEY WEEKLY is a interesting chart in this respect .
Have included a IC chart (PNA) of the AdvGet Counts -- sometimes it can be uncanny -- been predicting this fall of the XJO for around 3 weeks .
First of all you MUST determine whether a Stock or Index actually does trade under EW guide lines by looking for previouse counts -- do not try and force a count --- either it doe's or it doesn't
(Message edited by coyotte on July 28, 2007)
The "Sea of Uncertainty" is defeated by the nimble vessel "Probability", not the unwieldy vessel "Prediction".
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hershy
Member
Username: hershy
Post Number: 2089
Registered: 10-2002
Rating: N/A
Votes: 0
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| | Sunday, September 16, 2007 - 04:31 pm: |
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Much change since the last post.
New questions for all.
Base on the move from the low of .465 to the high of that swing at .69 (which I count as a wave 1) would suggest a target for the next swing at between 94 and 97 cents.
BUT.........
The long top shadow of Friday's candle suggests that a top has been reached. What do most of you do when you have a move towards target interrupted by a candle formation that suggests the move may not complete.
Do most people let fear win and sell or do you let greed take over and hold. Or simply, do you follow your original plan and hold till you are stopped out by a trailing stop or reach target.
PLEASE, comments...........
"The safest way to double your money is to fold it over and put it back in your pocket."
http://members.optusnet.com.au/~hershy/
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tryhay
Member
Username: tryhay
Post Number: 739
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Sunday, September 16, 2007 - 05:13 pm: |
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Hello hershy,
Not intending to confuse things, but using fibonacci retracements and extentions PNA looks like a possible trade if the resistance is broken (rather than faked out like last time). Confirmation candle/s would confirm approach. (I do not own as yet)
Could actually bounce to ~$1.00 if it behaves. Seven Price sensitive Company Announcements in the last couple of months make it one for the watch/buy list IMO.
All exploration in SE Asia? sounds like little OX
Phu Bia Contract Area, Laos
Phu Kham Gold Cap Deposit
Phu Bia Stockpiles
Ban Houayxai and Long Chieng Track Deposits
Phu Kham Copper-Gold Deposit
Puthep Copper Project, Thailand
Mineral Resources
Ore Reserves
FWIW Daily Chart: indicators starting to turn +ve
Well found Fox et al
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tryhay
Member
Username: tryhay
Post Number: 745
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Friday, September 28, 2007 - 08:28 pm: |
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Further to your recent post (Sunday, September 16, 2007) I took a position in PNA and am expecting an impulsive move to say $1.03 ~ particularly if gold continues to behave.
What did you decide to do hershy?
Chart:
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hershy
Member
Username: hershy
Post Number: 2096
Registered: 10-2002
Rating: N/A
Votes: 0
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| | Friday, September 28, 2007 - 10:53 pm: |
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What I always do Tryhay, I get spooked and sell far, far too early. Guess I don't have the intestinal fortitude to sit still till the target is reached.
But I am working on it.
Trading FX with one minute charts is giving me ulcers but I'm getting better.
"The safest way to double your money is to fold it over and put it back in your pocket."
http://members.optusnet.com.au/~hershy/
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tryhay
Member
Username: tryhay
Post Number: 746
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Saturday, September 29, 2007 - 07:35 am: |
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Very interesting. Thanks for your advice. FWIW Taking profit is fine but you might consider maintaining a position until the break is established ~ then you can decide to maintain a position (CGT tax advantage) and when the share price turns your way couple of top ups and you're sitting pretty.
I think gold rose >$10 last night ($750/Oz) ~ could get more than $1.03 for PNA next week?
Happy trading
PS IMO FX trading is for the professionals
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tryhay
Member
Username: tryhay
Post Number: 774
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Friday, October 19, 2007 - 08:08 am: |
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You still in this hershy? Perhaps you should consider selling part holdings rather than all or nothing?
Has taken a bit longer to do the breakout thing (did a good & propper retest) ~ but looks to be set for $1.25. target.
Chart: price & volume action extrodinare
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tryhay
Member
Username: tryhay
Post Number: 979
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Friday, March 28, 2008 - 08:21 pm: |
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Captain consolidation seems to be coming to an end, if it breaks out then $1.50 looks like the ultimate target.
Daily chart:
not currently holding but tempted to buy in at breakout & then top up at retest...
Happy trading DYOR
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tryhay
Member
Username: tryhay
Post Number: 992
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Saturday, April 05, 2008 - 05:00 pm: |
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holding for possible breakout here.
Chart: Breakout from pennant occurring?
Happy trading DYOR
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tryhay
Member
Username: tryhay
Post Number: 997
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Monday, April 14, 2008 - 04:51 pm: |
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Nice price and volume move today ~ looks like top up time?
Daily chart: There are already 4 recent price sensitive company announcements here ~ but nothing listed on ASX website to explain today's move...
Happy trading DYOR
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tryhay
Member
Username: tryhay
Post Number: 1002
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Tuesday, April 15, 2008 - 09:00 pm: |
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Topped up today at $1.15: Looks like "autobot" trading today capped price at $1.15 by sale of anything down to one or two share/s.
Daily chart: I note RSI has retraced to 65.81, if it persists in dropping I may just have to get out ~ but expect to be in profit (as I originally bought in at $1.01). Moreover, volume was >13M, so I'm not too concerned at the price action forming anything other than a nice pennant/flag (as shown on the chart)
I wonder if Ox is trying to buy in? (sorry to raise some skuttlebutt, but I saw this allegation on the BBQ earlier today)
(Message edited by tryhay on April 15, 2008)
Happy trading DYOR
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tryhay
Member
Username: tryhay
Post Number: 1030
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Thursday, April 24, 2008 - 09:54 am: |
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PNA looks to be behaving, may just be retesting the breakout ~ time to top up is it bounces off $1.15 IMO
Chart: Difficult to find a negative indicator anywhere (oh ok negative cross on the STO but apart from that  ) & volume reducing nicely for consolidation
anyone else on this?
Happy trading DYOR
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tryhay
Member
Username: tryhay
Post Number: 1039
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Tuesday, May 06, 2008 - 01:45 pm: |
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Consolidation is dragging on here ~ remains above support/resistance & looks to be considering another swing higher
Daily chart: Slow STO has turned +ve but looks directionless ATM
still holding with fingers crossed re overall market direction...
Happy trading DYOR
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sway
Member
Username: sway
Post Number: 277
Registered: 12-2005
Rating: N/A
Votes: 0
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| | Tuesday, May 06, 2008 - 02:16 pm: |
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Tryhay
I bought yesterday at $1.17
I'm working on the expectation that the gold price correction is over and the support/resistance at $1.14 holds.
Cheers
Sway
This is not a recommendation or advice. As they say .... DYOR.
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sway
Member
Username: sway
Post Number: 278
Registered: 12-2005
Rating: N/A
Votes: 0
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| | Tuesday, May 06, 2008 - 02:42 pm: |
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Gold price recovering hopefully. Nice bounce off 200d EMA. Hope that is legible
Sway
This is not a recommendation or advice. As they say .... DYOR.
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tryhay
Member
Username: tryhay
Post Number: 1056
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Monday, May 26, 2008 - 08:45 am: |
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PNA looks to be respecting long term support, a bit more price action and volume would not go astray. Some interesting Company Announcements since the AGM:
* "First Phu Kham Concentrate Arrives at Port" ~ using BHP to market sales,
* Impressive Presentation by the Managing Director to the AGM 2008 including:
*targeted 40,000 t of production this year (probably financial year) and
*pipeline of project that would keep a one legged ar$e kicker busy I'm sure
* Acquisition ready!
* Not to mention the all important name change.....
Daily chart: I trust the energy levels are building up as it slides sideways now...
Happy trading DYOR
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tryhay
Member
Username: tryhay
Post Number: 1153
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Wednesday, September 24, 2008 - 09:22 am: |
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tryhay wrote on Monday, May 26, 2008 - 08:45: PNA looks to be respecting long term support
Well looks can be deceving unfortunately, but the price action is apparently turning around ready for another rally IMO.
Daily chart: Carving out a bottom on the MACD lines & histogram and a little bit of divergence does not go astray....
wonder if 90c will hult the bounce?
Happy trading DYOR
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tryhay
Member
Username: tryhay
Post Number: 1160
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Monday, September 29, 2008 - 08:27 am: |
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tryhay wrote on Wednesday, September 24, 2008 - 09:22 am:wonder if 90c will halt the bounce?
Well the MACD looks to have confirmed divergence and a higher low with the signal line just about to cross ~ just not sure what the bounce will be...
If MRZ does not have LVR then PNA is the go today...
Happy trading DYOR
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