Trading Action Zone Set-ups!

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Archive through March 05, 2010 ivor 50 1 05-Mar-10  12:51 pm

Archive through February 11, 2010 palace 50 1 11-Feb-10  12:02 pm

Archive through October 13, 2009 baysider 50 1 13-Oct-09  04:40 pm

Archive through January 08, 2009 gdd3 50 1 08-Jan-09  12:55 am

Archive through December 13, 2007 mum 50 1 13-Dec-07  04:29 pm

Archive through August 03, 2007 roach 25 1 03-Aug-07  11:32 am

Archive through July 19, 2007 gdd3 25 1 19-Jul-07  02:13 pm

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gdd3

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Post Number: 759
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Friday, March 05, 2010 - 12:52 pm:

Mick,

From a traditional T.A.Z. perspective AMM now does not fulfil a potential T.A.Z trade as we have a -ve 10SMA crossover with the 30EMA(since Feb.18th) as you have mentioned. However, once she crosses back into the +ve then, and only then(for a T.A.Z. trade), we can start to monitor for another set-up.

The reason why Ivor picked this one was that he had slightly different MA settings that meant that a -ve crossover hadn't yet occurred((mar 3). However, he was also pointing out the potential of what he referred to as a "mirrored' potential trade from present levels and we both liked the nature of the last 4 candles....nothing to do with a T.A.Z. setup trade though!

The technical entry trigger for a T.A.Z trade, assuming all pre-criteria set-up points are ticked off(including a +ve 10SMA crossover with the 30EMA, is 1 point above the set-up bar high(or one point below the low in the case of a short).

Had some mixed fortunes on my ADO this am...mixed because 1) it did open up higher on that news as expected but 2) my server(iinet) decided to have an ADSL2 breakdown(in W.A. only)1min before the market open for 40mins so I couldn't cancel my sell order and was stopped out at the opening price(6.3) and by the time I 'got back on line' I see she had been to 7.8.

Dolphin

ivor

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Friday, March 05, 2010 - 01:05 pm:

Hello Dolphin

Thanks for the info on post 758 re ADO.
Read through the posting on the ADX last night and bought in at .065 and out at .075, when the price started to fall.
Bird in the hand etc.

15%+ on a day trade. Happy with that.
Don't get that very often.

Regards
Ivor

ivor

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Friday, March 05, 2010 - 01:32 pm:

Hello jr81

Have a couple of comments re RRS.

Not a good sign if you get increasing volume together with red candles. Means the sellers are winning, and price is likely to fall. Best to have increasing volumes with green candles.

Price of RRS is falling, and it needs to get support at around the 5c level (hopefully). A trade below the 5c level would be bad news. Means it would have breached previous support.

Fact that it went through the 30ema level is irrelevant in my opinion, but others may disagree.

But good luck with it.

Regards
Ivor

happysam

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Friday, March 05, 2010 - 01:48 pm:

gdd3 wrote on Friday, March 05, 2010 - 12:52 pm:
but 2) my server(iinet) decided to have an ADSL2 breakdown

oh no !!! of all the times

times like this, we need whiskey

ivor, i have also removed the 30EMA criteria in my scan formula but i still eyeball for it for a "comfort factor"

ivor

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Friday, March 05, 2010 - 02:01 pm:

Further Re RRS

If it bounces up from the support line at 5.1c with increased volume, I'll be buying it.
If you look at the chart, you'll see it dropped through the 30ema last time, and set up a nice trade with a 40% gain within a week or so from the 5.1c base.

Ivor

ivor

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Friday, March 05, 2010 - 02:07 pm:

Hello Happy Sam

What criteria are you using to scan with ?
My scans are still a work in progress, and I'm spending hours manually scanning too many shares for not many positive results.

Regards
Ivor

gdd3

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Friday, March 05, 2010 - 02:23 pm:

Hi Jr81,

Welcome aboard and glad to read that you have been following the T.A.Z thread here for sometime.

I concur with Ivors sentiment and advise re: a potential T.A.Z. trade on RRS. Structural support is at 5c but also fundamental support is there too, ie. RRS just had a recent rights issue allotment at 5c(156mil new shares) and I believe the trading action and high vols(particularly over the last two days) has a lot to do with investors balancing their desired exposure to RRS back to the pre-allocation amounts. I'm also weary of the chart pattern developing over the last 3 months(vol.s support a potential Head and Shoulders topping pattern with the neckline at ....yep...5c.). Be alert!

However, your MEY, is a different story and shown far more potential at the present stage that RRS. Its in the T.A.Z. zone right now, at or near support(17-15.5c)being also a midpoint of a broard trading range(10 - 24.5c), consolidated outside its past downward trading channel(yellow) and within its new upward trading channel(blue). Also, structurally, it appears to have one more upleg to go(I'm guessing towards 24c+ again). So for me its a classic 3 x 1/3rd trade exposure. 1/3 now, 2nd 1/3 at 15.5c is she gets down there and another 1/3 on break above 19c(T.A.Z. confirmation price at present!).

Chart for MEY to follow!

Dolphin

(Message edited by gdd3 on March 05, 2010)

gdd3

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Friday, March 05, 2010 - 02:38 pm:

Here's the chart for MEY(Thanks Jr81)...

Cheers
Dolphin

P.S. Ivor AMM is still looking very interesting even though frome a TAZ point of view confusing!

Happysam...a whiskey to SOME(I'm not a real fan) but 2 bottles of Shiraz to others!

gdd3

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Friday, March 05, 2010 - 02:59 pm:

Scans,

I have more than three(buy) scans, guys. 2 MACD scans and 3 M/A's scans. The 3(buy) M/A scans I have are the 10SMA above the 30EMA(not 30EMA-low); 10SMA above the 150EMA,; and the 30EMA above the 150EMA. My MACD scans are 1) a basic cross using standard MACD parameters; 2) a MACDx2(ie. 1 standard within last 2 days plus one +/-zero within last 2 days). I first view the MACDx2 and the 30/150 scans first(as they only give a few stocks at once but these are usually duplicated in the less complex scans that bring up far more), then I look for the position of the 2 Williams%R indicators noting the ones that are at desirable levels. This all helps to reduce the number I concentrate on.

If only Colin and Co. would add the Williams%R indicators to the Stock Screen Filters it would make things a lot easier for we T.A.Z.ers!

Dolphin

happysam

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Friday, March 05, 2010 - 03:14 pm:

dolphin, on a morning like this morning for ADO, Shiraz isn't strong enough to make up for ISP going down. Need something stronger like Vodka :-)

ivor wrote on Friday, March 05, 2010 - 02:07 pm:
What criteria are you using to scan with ?
My scans are still a work in progress, and I'm spending hours manually scanning too many shares for not many positive results.

ivor, I don't use the same software as you so i cannot help on how you can scan in your software but what I did was to translate this formula into the language of my software

[daily ema(60,daily volume) > 150000] and
[daily high < yesterday's daily high] and
[yesterday's daily high < 2 days ago daily high] and
[sma(10, close) > ema(30, close)]and
[daily close > daily ema(30,daily close)]and
[daily close < daily sma(10,daily close)]and
[daily close > daily sma(200,daily close)]and
[weekly sma(10,weekly close) > weekly ema(30,weekly close)]and
[ADX Line(10) > 20.0]and
[close >= 5]

More info at http://www.swing-trade-stocks.com/stockcharts.html

I then tweaked it for my likes (still tweaking)
I can get my list of TAZ candidates in a matter of a few minutes using the scanner in my software. Mind you, it took me ages to work out how to program and use the scanner but once done, it is only a few minutes a scan.

I am also not getting many results in this past month due to the TAZ requirement for the 10 day SMA > 30 day EMA eg. a TAZ scan would not pick up WOW which has done a nice wow in the past couple/few weeks. I think the reason is cos of SMA 10 > EMA 30 but I'm still experimenting.

Another system I started looking at was snifter but i got sidetracked. To my limited beginner understanding, the concept is the same in that we are after shares that have pulled back.
Snifter used ADX and CCI. Well, I'm not very clever but I think the CCI does the same thing as our Williams R%

Another scan i was working on was the crossover of the SMA10 over the EMA30 to look for shares at the start of a trend, hopefully. I have less time to spend at the moment so my learning is slow.

All in all, i'm just experimenting and paper trading as i learn so don't believe what i say until i know what i'm doing :-)

happysam

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Friday, March 05, 2010 - 03:19 pm:

oh good, dolphin beat me to it
dolphin, does IC have a user defined indicator facility.
with the s'ware i use, i have a user-defined indicator for the Williams R% using the Williams R formula of:
-100 * (Highest_High[3] - close) / (Highest_High[3] - Lowest_Low[3])

BTW Thanks dolphin and ivor. I am learning from your posts

gdd3

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Friday, March 05, 2010 - 03:35 pm:

HappySam,

You're probably right...Timing is the essence of being a successful trader(as many a good trader here has testified ...even our 'late' Captain) but also Data. And today, as you have rightfully stated, the 'timing' of a ISP breakdown couldn't have been worst...just 2 min's before opening(when I saw the pre-auction bid at 5.8c for ADO) and thought I'd leave my sell order at 6.1c open BUT WAS DOWN UNTIL NEARLY 11:00am so had no real idea what was happening in the market as I was one the phone with the "bl...y" ISP wasn't I and she had already been to its daily high and I had been taken out at the market open...oh well, can't complain as I got another 2 ticks higher than my placed order.

Your latest scan seems to be also spot on. Have you run a similar scan but substituting the ADX with either or both William%R'...at/below -80%. By the way, what is your
software package your are using(can PM if you are concerned)?

Cheers
Dolphin

palace

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Friday, March 05, 2010 - 03:35 pm:

bad luck on your adsl connection dolphin

,but

rest assured it only happens on winners ,never losers

and thanks to you and ivor for your comments

looks like i am the proud owner of MEY at 17 cents ,

had a buy in for a few days now lets see how it goes

bit falling knife ,but had slipped my mind

(Message edited by palace on March 05, 2010)

C:\Documents and Settings\Michael\Desktop\flying pig.gif

gdd3

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Friday, March 05, 2010 - 04:09 pm:

Palace,

Just between you and me, I've never been a "lucky" trader(good or bad) and, besides, I don't believe we should rely on it(luck) so thats why I try to have faith in a/my mechanical system and my better 'judgement/analysis'. But, sure every now and then 'external' factors come into play....right on queue! Its a bit like "all or nothing" but I continue in this "business" to make the most of the "alls" as I know that the yin and yang will eventually come into play!

RE: Your MEY trade..."pre-empting" a T.A.Z. confirmation signal, aye...been guilty of that myself. Still she is at a low risk entry chart point so why not? To make you feel better, I'm with you(1st 1/3)....so I'm justifying this as the 'better judgement/analysis' aspect of my trading I mentioned above. Thanks for bringing MEY to my attention but the real thanks will follow when/if she blasts off higher from here. Good 'yin and yang' to both of us, then!

Dolphin

ken

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Friday, March 05, 2010 - 07:43 pm:

Hello everyone,

I have started to program this system and I'm interested in exactly how you activate the trade after the setup has occurred. Also interested in how best to exit once you are in the trade.

I need this information to be clearly defined, for example "at the price of the previous day's high plus a tick" or "at the open" or "at the close if volume greater than x".

Hope you can help me.

Regards,

Ken

happysam

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Friday, March 05, 2010 - 11:16 pm:

Hello Ken,
Have you read this page on Entry and Exit Strategies:
http://www.swing-trade-stocks.com/entry-strategy.html

gdd3 wrote on Friday, March 05, 2010 - 03:35 pm:
Have you run a similar scan but substituting the ADX with either or both William%R'...at/below -80%.

dolphin, my scan includes both the ADX and Williams R% 3 days.
Looking back at Craig's formula that I posted above, I see that Craig only scans for the ADX. Maybe that's why i missed some of the stocks you've been listing cuz i also have the williams r% as a criteria.
Like ivor, I haven't been finding many opportunities. I thought it might just been the current market.

Also, have you found from your experience that having BOTH the Williams R% 3 day and 14 days below -80 gives better trading opportunities.
I'm suspicious that having both the 3 and 14 day Williams R% is a better choice but I haven't spent the time to check it out.
i've answered your other question in PM

ken

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Friday, March 05, 2010 - 11:57 pm:

Hello Happysam,

I have read that page and all it says is to enter on the third day of the swing point. This is not precise enough to code.

For example, if you enter when the price passes the top of the previous day's candle during the day, there is nothing to prevent the price making a new low before the close, which invalidates the setup. What do you do then?

If volume is a consideration then I can't get a buyprice unless its the close, because the volume may only be high enough after a full day.

However I read posters on this thread saying they enter and make good gains on the first day.

Everyone, tell me what works best for you.

Thanks

ps Will be away for the long weekend.

palace

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Saturday, March 06, 2010 - 10:30 am:

hi ken

i assume you intend to back test ? dont forget to post the

results will you

regarding the entry criteria on the webpage ,i think that

the entry on the third day is based on a 3 day swing chart

,favoured by Gann ,not sure how that helps you though

cheers mick

C:\Documents and Settings\Michael\Desktop\flying pig.gif

palace

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Saturday, March 06, 2010 - 11:47 am:

LRL more or less fits the bill with the 10 day just about

to cross the 30 day , the williams% 3day is over bought

though,

so strictly speaking its in the bin i guess

btw ,nice to see some company on MEY ,but not sure whether

yin and yang is any better than luck ,but we will see

C:\Documents and Settings\Michael\Desktop\flying pig.gif

hershy

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Saturday, March 06, 2010 - 02:43 pm:

Hi Mick,
You wouldn'r really but a stock that has a total turnover of approx. $70,000 last week would you ?

'You, you, and you ... Panic. The rest of you, come with me.'
http://members.optusnet.com.au/~hershy/

palace

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Sunday, March 07, 2010 - 10:40 am:

hi hershy

good to hear from you

admittedly friday was quiet only 120,000 changed hands ,but so were a few
stocks

,probably waiting for US jobs data ,but not sure your

figure is right though , as tuesdays volume was 1.6million alone

which about 300k?and about 700000 on other days

cheers

mick

C:\Documents and Settings\Michael\Desktop\flying pig.gif

stampy

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Monday, March 08, 2010 - 11:46 am:

Hi Dolphin, TAZ's

Once again I missed it but it looks to me that CZA did what was required on Friday afternoon . Also BML looks to have filled the boxes on Thursday .

Regards
Stampy
A day behind and a day late.

stampy

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Monday, March 08, 2010 - 12:13 pm:

Late start but

Jumped in on BML .09

Regards
Stampy

gdd3

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Monday, March 08, 2010 - 12:44 pm:

Hi Stampy,

CZA aok...T.A.Z. confirmation given as you said on Friday BUT I think I must point out that MBL 'hasn't ticked all my boxes'... -ve 10SMA/30EMA cross last Wednesday so technically a T.A.Z. trade is not on the cards...yet! However, that doesn't mean it can't go higher from here.

Dolphin

baysider

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Monday, March 08, 2010 - 12:48 pm:

Hi guys
I haven't studied your methods in detail but it looks like it's working for you. Have a look at SSN and see if it qualifies as a trade? It held support at 0.25 and moved back up on friday towards the 3c level. Would you be buying at .25c? I was a bit early on a momentum trade and bought at 3c nine days ago which is the resistance level.
Cheers all
ssn

gdd3

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Monday, March 08, 2010 - 01:59 pm:

Hi Baysider,

I think SSN has been good from a T.A.Z. trade point of view over recent months. It gave a confirmed T.A.Z Cluster(my term)signal in early Feb...this I think is one of the strongest T.A.Z pattern set-ups... and after the initial 'burst' has settled into a classic pennant continuation pattern above the 30EMA(a sign of strength). Friday's action 'sort of' broke out of this pattern and with higher volume. Friday's action was also the confirmation(at 2.8c) required for the T.A.Z set-up given on Thursday(T.2). Today we have drifted back abt 50% of Friday's move(quite normal) to provide another opportunity for late starters. So all is well for a low risk entry to fullfil a possible move towards the low 4c's...if the pennant shown in blue is correct and reaches its measured move. Between 2.5-2.8c I see as good areas and still validate my position; risk below 0.3c to 1.2(1:4).

Good Y. & Y. with her!

Dolphin

stampy

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Monday, March 08, 2010 - 02:16 pm:

Hi Dolphin

Yes on closer look at BML I see what you mean. Thanks for the heads up.

Regards
Stampy

baysider

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Monday, March 08, 2010 - 02:54 pm:

Thanks gdd, your analysis gives me more confidence in the trade.
Also looking at HNX, 13c needs to hold I'm thinking but I also noticed in the weekend papers Directors selling at 18c which is a little bit of a worry. Fundamentals sound good on this one though.

happysam

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Monday, March 08, 2010 - 05:11 pm:

Hi Ken,

ken wrote on Friday, March 05, 2010 - 11:57 pm:
I have read that page and all it says is to enter on the third day of the swing point. This is not precise enough to code.

In the link I posted above, there is a line that reads
You can buy the stock the first time it trades above the previous candles high.

ken wrote on Friday, March 05, 2010 - 11:57 pm:
For example, if you enter when the price passes the top of the previous day's candle during the day, there is nothing to prevent the price making a new low before the close, which invalidates the setup. What do you do then?

On the bottom of the link I posted above, there is a link to the Exit Strategy.
ie use a Stop Loss order to contend with stocks that don't behave

I use manual/discretionary methods to buy/sell so I am not able to help on "exact coding"
I use a bit of TAZ, a bit of gut-feel, a bit of Shiraz and I see we're now also using Yin and Yang to trade. Dolphin will probably be introducing Feng Shui into the equation soon

Baysider, do you mean HTX ? I'm in on HTX at 0.14. Paid a bit too much but that's all part of the yin and yang of trading. Thanks for the info on the director's selling at 0.18

baysider

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Monday, March 08, 2010 - 06:45 pm:

Indeed I did Happy, you did well, I paid 18c! Still my other speccies are performing well, check out DML (bought at 72c) and WPG (64c) SSN about to blow if gdd is right. You can't win them all but it's fun to try!

gdd3

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Monday, March 08, 2010 - 08:58 pm:

Dolphin will probably be introducing Feng Shui into the equation soon....I think this is clearly the same as your "a bit of(too much) shiraz" recipe}, HappySam!

dolphin

stampy

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Tuesday, March 09, 2010 - 01:31 pm:

Hi Dolphin, Taz's

I think HTX that Baysider and Happy Sam bought is ticking most of the boxes for a TAZ trade now. It failed to go below the -%80 band on the Williams %14 but looks to have done everything else right. Volume is greater than yesterday as it makes a new high. between the 10 and 30 day. Willaims 3 day was below -80%. All thoughts or corrections are very welcome.

Regards
Stampy

gdd3

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Tuesday, March 09, 2010 - 02:52 pm:

HTX,

Yes HappySam, HTX has given a confirmed T.A.Z. entry this morning(14.5c). The fack that the Williams%R14 did not close below -80% yesterday(at one stage it was when HTX traded at 12.5c) is maybe academic...for this reason I like to see if a trend support line is present on the williams indicator to assist in the signals given by the faster Williams%R.

This was also(almost) the case in HTX as of yesterday...see my chart below)...the yellow uptrendline on the Williams. I have to confess, I often prefer to use trendline supports, and /or breaks off, on momentum indicators more than the actual % values of the indicator to view possible entry triggers.

I see that HTX has been in a broad sideways trading range between Aug.09 and Feb.10(two ranges shown...blue = 5c, white = 7c), burst out above both on 24th of Feb and has since retraced back to support(14-12c) to provide the present signal. If HTX is going to fullfil potential objectives of these 2 ranges then she should see 17-17.5c min.(blue range M/M) or even 21c+(white range M/M).

Risk...I'd be watching for a break on the downside of the W%R14 trendline support in the coming day's and any signs of market interest(Market Depth)discipating...at the moment just +ve balance.

Good luck with her...I've still got my hands full so can't join you as yet!

Dolphin

P.S. OBJ and SSN are both looking ominous as we head into the close!

(Message edited by gdd3 on March 09, 2010)

baysider

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Tuesday, March 09, 2010 - 06:01 pm:

Great finish for SSN +18% gdd, you've read it perfectly.

whiteowl

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Wednesday, March 10, 2010 - 12:43 am:

HTX
Hi Baysider and HappySam (and especially TAZ mentor Dolphin)
I am running with you HTX guys with a buy today
I use Metastock and am working towards a fully automated TAZ Scan / Entry model
Below is the result so far
The HTX chart, colours, and commentary are ALL automatically produced by relevant Metastock formulas
Yellow is TAZ Setup, Green is TAZ GO, else Red (NO).. So
At 1pm today HTX showed Price > .135 and $Vol > $223,000
Taz went Green for GO, as the chart shows
But, before crossing the road, I took all indicators OFF the screen
I looked Left at Price and Volume for 12 months .. Random comments
Long term SR line at 13c broken with return and support
Whopping dominant Candle of 24/02/2010 now holding at 50% level (0.13)
Encouraging Doji yesterday at 13
HTX have just raised some $ and perhaps have a 'product'
Meanwhile, I will just let it evolve and keep my stops (ISL 12.5c Close)
Cheers to all
Owl

happysam

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Wednesday, March 10, 2010 - 01:37 am:

whiteowl, thanks for sharing. I love what you've done. It would be good if it also played a sound/alert when the light turned green, so you can leave it run in the background.

baysider, I saw WPG last week but she didn't pull back into the TAZ so I let her go

dolphin, I'm watching KTE. She's not ready for the picking yet but she's had a couple of good spurts. Maybe a few more days.
I missed VHL today/yesterday. There wasn't much activity and noone wanted to sell to me at 0.12. Oh well.

gdd3

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Wednesday, March 10, 2010 - 03:02 am:

Hi Owl...How interesting! Do I assume that your scan picked up HTX a couple of days ago as a possible set-up and then you visually monitored it and set an alert for when it traded at >13.5 and >$223,000 today?

A real "work in progress", Owl. Have you given any thought to exit strategy program...initial stop, then trailing stop, Williams%R14 above -10 etc, etc?

Thanks for sharing...

Happysam, I think you will have to wait for some time to pass before KTE provides us with a T.A.Z. setup and trade...maybe better to approach her from a different tack as the Captain would have said!

Still riding OBJ, GDN and SSN. Added HTX today(first 1/3).

Keep it going team....make the most whilst the sun shines.

Dolphin

ivor

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Wednesday, March 10, 2010 - 10:35 am:

Hello Owl

Brilliant work.
You've put a lot of time and effort into that. Well done.

Bought into HTX today also. Thought it needed to crack above 14c (previous resistance level) to be on it's way.
Target would be 21c, mirroring previous price action.

This has to be the best thread I've been involved with at IC.
Keep up the good work.

Regards to all
Ivor

prater64

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Wednesday, March 10, 2010 - 02:05 pm:

Anyone keeping an eye some of the following;

WSA: 10SMA just crossed 30EMA W%R: -75
MGX: 1st buy in on 01/03 possible second entry coming up?
MRE: Crossed on 26/02 price looks like it may dip into zone mid march.
MCC: Entry point possible at around $11.20 as my best estimate, although not sure about the longer term resist level at $12.41.
OZL: Crossed on 05/03, W%R at -50%, TAZ soon perhaps?
HVN: possible TAZ in next day or so?
MBN: 10SMA/30EMA on 08/03 one step from TAZ?

Given that I am still on training wheels as a trader and learning I could have the TAZ completely wrong. I found a few others such as MIN while scanning but I'm sure I've pestered everyone enough so far.

Lastly a big thanks to everyone on the forum, just reading through the back posts and threads is educating me faster than any course I could have taken I think.

"Opinions: Opinions are like backsides, everyone has one. You just like the look of some more than others."

prater64

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Wednesday, March 10, 2010 - 02:13 pm:

Sorry forgot to PPT which looks to me at least like it has dropped into a TAZ yesterday/today.

"Opinions: Opinions are like backsides, everyone has one. You just like the look of some more than others."

gdd3

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Wednesday, March 10, 2010 - 03:39 pm:

Hi PT64(if I may),

Firstly, welcome to the T.A.Z. thread; its always good to get fresh imput.

Secondly, thanks for introducing a list on your first posting here. If you allow me to comment on one noticable 'common' observation of most of your examples here and that is that many have shown recent trading action below the 150EMA and that this EMA is not really rising...hence a lot of your examples are not trending up.

Having said this you have identified a few that maybe sometime in the near future could give a T.A.Z. set-up that may prove an important swing low in that stock.

Since you asked for comments I'll go though your list in order presented and make some general comments on my observations(general T/A and/or T.A.Z. potential), ok!

WSE...Yes!10/30MA's have +ve cross but Williams%R14 period(W%R14) is too high at present. 5-wave diagonal correction? apparent up from Feb1 low after an impulse wave down from Jan. high not so good!

MGX...part of the group of "iron-ore" stocks(explorers/miners/producers) that I'm interested in... see "Last Year's Cinderella's...Iron Ore" thread in the ASX Long-term Topic. Yep, 2ndary T.A.Z. on Feb25th...look for W%R14 to find support near -50% for another possible entry.

MCR...series of lower highs and lower lows since Aug.09 swing high to form a downward trading channel; needs action above 90c me thinks to negate this. Short-term support at 75c, on a close basis, would need to hold on any near-term pullback.

MCC...similar trading patterns to WSA(like a lot of top 200 stocks); ie clear impulse move down from Jan highs followed by a diagonal corrective? pattern up from Feb. lows. In MCC case, just short of a double top? However, this is all within its strong upward trading channel first established at the Mar.09 swing lows. Again, any near-term T.A.Z. signal should not come from below abt 11.15 on a close basis...the lower degree swing high!

OZL...No!; don't like it as it clearly shows a series of lower highs and lower lows on the 10/30MA's(peaks and troughs).

HVN...one of the good performers in its sector during 2009 but now "lagging" the XJO index(see rally since Feb. low) plus too much recent action below the 150EMA. So its a "No" from me at present.

MBN...No; below 150EMA and a series of lower highs and lower lows in both price and MA's.

MIN...shows more promise as she found good support and bounced strongly from the 150EMA in Feb. This low incidently gave a confirmed Weekly T.A.Z. set-up and buy. Clearly, in the short-term, needs more time to allow both W%R's to come back to desirable levels.

PPT...Personally not interested in a stock like PPT as it constantly under-performs and lags the XJO index moves. Whilst it still holds its uptrend support(at abt $34.00 today)its Ok I guess but I think you can do a lot better(leverage wise)from a T.A.Z. trade point of view.

Cheers
Dolphin

prater64

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Wednesday, March 10, 2010 - 05:02 pm:

Dolphin,

Thanks for the info, I had just been using the 10SMA/30EMA when looking through the stocks and then only over a 3 month period max. I see where you are going by taking the step back to look at the forest as well (150EMA), indicating that the peaks will be lower etc.

Also having things set up correctly helps, as the W%R I had set up wasn't giving me accurate enough indications due to having too many indicators displayed at once (ie MACD etc).

Thanks, still learning a lot at present.

"Opinions: Opinions are like backsides, everyone has one. You just like the look of some more than others."

baysider

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Wednesday, March 10, 2010 - 07:20 pm:

Hi Guys

For those in HNX can I check where you have your stop losses for please. For me a fall below 13c would be bad so that's my stop loss, a CLOSE below 13c.

whiteowl

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Wednesday, March 10, 2010 - 09:05 pm:

Hi Tazzers
Thanks for the positive feed back.
I do not scan for Taz Setups (there are probably lots)
I just scan for New Taz Entries (ignoring Volume)at EOD and Midday
Hi Ivor, your WEB just Tazzed again, but your entry was better
I got into your non Taz AMM with the lovely long tails thanks
Hi Dolphin, I am trying to get a way from 'watching'
HTX appeared as one of 13 new Taz Entries for my 1pm scan
Exits rules .. I favour
ISLoss at close below lowest Taz Setup bar
TSLoss ATR based
When to Take The Money (TTM)
In an uptrend (weinstein Stage 2) (HH, HL, HH) 1/2 at SR (above) and 1/2 at Ivors mirror rule
In a Weinstein Stage 3 sideways (which we are now ?) all at SR
Today, I saw a few Taz that got away (HNR RLT RHM) .. thats life
One new Taz Today of interest MHM .. my random comments
Good HH HL HH New Low?
Hitting some good tails at SR 30c which is where the last Dom Candle took off from
Did not pass Taz $Vol criteria, but is on Volume 'watch'
Cheers
Owl

baysider

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Wednesday, March 10, 2010 - 10:06 pm:

Hi Whiteowl

Agree MHM looks interesting, I've watching for a few weeks. Volume has dropped off nicely with the pullback. Looks like a good set-up, any other views?

gdd3

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Thursday, March 11, 2010 - 12:12 am:

Here's my take on MHM...

The last 6 months....slooowly rising within a rising channel(yellow); recently holding(barely) above its 6 month perceived "value area"(blue lines...26c - 32c); slightly H.H.'s and H.L's in both price and M/A's(peaks and troughs)maybe favouring another go at establishing a higher perceived "value area" say in the 36c to 42c range BUT, HELL SHE'D HAVE TO GET A WRIGGLE ALONG(with vol. conviction) IN THE NEXT DAY OR THREE for me to remain(if already) in! I wouldn't want to see her down to 28- before seeing 36+ from here!

The Set-up T.A.Z. cluster evident last week has been a bit of a "fizzer" so far!

Cheers and 'movin' on!
Dolphin

gdd3

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Thursday, March 11, 2010 - 01:11 am:

One of the hardest things I have found with trading this T.A.Z. style set-up is to choose which one, from a large list(when the markets are trending up especially), do you 'jump in on'. Each of us has our reasons for choosing one over the other and I have outlined my preferences on numerous occasions within this thread so won't repeat here.

However, the dilemma still remains and it urks me at times to be in my prefered ones and see others that I have been monitoring 'rocket' whilst you sit and watch BECAUSE YOU SIMPLY CAN'T BE IN ALL OF THEM...unless you have a PeterLoh type account(sorry Peter if you are reading this).

So here's my list of "watches" for the remainder of the week.... BCN(for tomorrow), ARW, CDI, DLS(above 8c), DML, HDF(dn to 118), JMS(dn to 26/25), MAP(dn to 315), MEY(already), NVT(lovely trender) and SMA.

And for the record, those "that got away"...AQR, CPL, CXY, GRR and RTL!

You may want to check some of these out...can anyone lend me some cash????

Dolphin

whiteowl

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Thursday, March 11, 2010 - 02:38 am:

Hey Dolphin it's 1.11am !
And I thought I was a whiteowl (nightowl)
Thanks for your list of Taz setups
I will have a good look at them tomorrow
I will do a 'Tazometer' Entry scan at 1pm tommorrow and fill you in on what comes up
I am still coming to grips with 'Taz' re Market Maker potential, and the overall flows of XAO DJI USDX and GOLD
Plus Rudy and his Ides of March EW bomb out predictions
Cheers
Owl

prater64

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Thursday, March 11, 2010 - 03:22 am:

Hey Dolphin,

Why ARW? Related to my previous post, ARW appears to be in a downward trend from the Oct 2009. Both the 10MA and 30EMA are below the 150EMA. The two things I can see going for it are the low volume at the moment and the Williams %R. Sorry if these seem like strange questions, but still getting my head around it all.

I'll probably do a paper run this week, keeping in mind what I have gleened from you guys here so far. Looking at trying IPL, JMS, MAP, MGX, NVT, SPN and IVC to see how I go over the rest of the week.

"Opinions: Opinions are like backsides, everyone has one. You just like the look of some more than others."

maittlen

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Thursday, March 11, 2010 - 06:22 am:

Gday All

I am new to the forum and see the talk of TAZ.
Is there set criteria and if so where can I find it.
The trades I see here are all swing trade type setups??
I am keen to know more about TAZ.
Please help.
Thanks

baysider

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Thursday, March 11, 2010 - 08:40 am:

Interesting list ggd, I'm in a few of them already namely NVT, DML, as well as SSN and HNX we've discussed. HDF, JMS, MAP, CXY are also on my watch list!

Others to consider:
I'm in RRL (gone really well so a bit late for others)
ARX - good set up possibly approaching ??
ORE - bit late horse may have bolted
MAT - as above

baysider

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Thursday, March 11, 2010 - 09:29 am:

Guys
Here's another one that looks set up nicely to me, I'd love to hear your views because I'm thinking of putting in a buy order at 15.5c today.
Gone from 10c to 20c and almost retraced 50% to 15.5c on decreasing volume. I haven't got round to your Williams parameters yet - what story do they tell??
Cheers

sea

gdd3

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Thursday, March 11, 2010 - 09:59 am:

Baysider...

SEA is ok; both Williams%R 14 + 3 at desirable levels, particularly like the "M" pattern on the W%R3; current M/D is favourable whilst not too convincing...support seems to be at slightly lower levels(13/14c). My suggestion would be to be patient and wait for increased interest and confirmation(currently break above 17.5c).

Thanks for sharing this one...it didn't come up on my scans.

Dolphin

gdd3

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Thursday, March 11, 2010 - 10:10 am:

Hi PT64...

Thanks for the "spotting" ...ARW should be ARX, bit like Baysider'd HNX that he's in which I assume is HTX(since there is no HNX...right Baysie)!

OWL...01:18am...is not so bad fo W.A. "owls", especially when they have their computer clocks set to EST!

Dolphin

(Message edited by gdd3 on March 11, 2010)

ivor

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Thursday, March 11, 2010 - 11:21 am:

Hello Baysider

Think a stop loss for HTX would definitely be a close below 13c.

Regards
Ivor

baysider

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Thursday, March 11, 2010 - 11:36 am:

oops, yes meant HTX.
Sea down to 15c, good advice at the moment gdd - I'll wait a little longer.
After 10 days straight for the index you'd think we're due a correction for a couple of days at least so i might wait for the moment. ASX 200 getting near resistance levels.

Thanks Ivor, agreed 13c to me looks over and out.

happysam

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Thursday, March 11, 2010 - 11:43 am:

dolphin, you're right about KTE. If I'd used a different tack .... well, there's plenty more 30% (as I write) floating in the ASX, says I, as I do my best not to lament

ivor, thanks for your posts on mirroring. I am learning
I agree with you when you said this is a great thread. It's team work with Dolphin as our mentor
This thread combined with Craig's site has got to be worth millions

happysam

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Thursday, March 11, 2010 - 11:48 am:

Re: Stop Loss using on HTX as an example
Resistance is 0.13. Do I set my stop loss order on 0.125 or 0.12 ?
I'm looking at Monday 8/3, a stop loss on 0.125 would have whipped me out
I'm still learning

baysider

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Thursday, March 11, 2010 - 01:04 pm:

Happysam
You could have the stop loss in your head of a close below 13c. If this occurs you sell at the open the next day is one option. Might help to avoid being whipped out whilst still having a definite exit strategy.

Just one idea

gdd3

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Thursday, March 11, 2010 - 01:31 pm:

Happysam,

"Stop" for any stock should include a 'Time' component...its more important than price remember!.

Time, I thing, from this trader's point of view, on HTX is running out. Don't get me wrong but sometimes its a fine line between 'showing patience', 'holding on'(too long) and 'moving on'(to a 'moving stock')....and I hate paying extra brokerage BUT I WOULD PREFER THAT A 'MOVER' PAY FOR IT IN PROFITS MADE BY SWITCHING!

MEY, for me is in the same boat...its nearly TIME...interest is drying up but no exit signal as yet! So I'll probably give it until I finish this posting!

KTE...please dont mention this one, ok! Stopped out at 8.2c(yep used 'another tack' to enter) whilst downstairs only to return to watch her 'zoom' to 10.5c...where I originally had my stop. Yin and Yang again! Oh well, just 'morning tea money' without the cake and cream!

Baysider...pls don't use the words..."good advice" when referring to my "opinions" here ok otherwise we'll have the ASX 'mafia' onto me...once was now NOT!

So everything I have posted here on this thread(and I.C.) is merely ONE TRADER'S OPINION.

DOLPHIN

ONE TRADER'S OPINION DEFINITELY NOT TO BE TAKEN AS ADVICE ...DYOR OR CONSULT YOUR BROKER IF THAT'S WHAT YOU ARE LOOKING FOR!

ivor

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Thursday, March 11, 2010 - 02:21 pm:

Hello Dolphin

Think you might be exiting a bit prematurely sometimes.
Recognise it because I used to have a habit of doing that myself.

Re HTX - think it's consolidating between 13 & 15c.
Will be holding until a close below 13c, which would countermand all the set up candles in my opinion.
Some stocks take a while to light up. Just have to be patient.
Still a lot more buyers than sellers for HTX.

Re MEY - hasn't given a buy signal yet, but worth watching.

Regards
Ivor

ivor

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Thursday, March 11, 2010 - 02:30 pm:

gdd3

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Thursday, March 11, 2010 - 02:34 pm:

'Alert"...SMA...on the move with confirmation already BUT, alas, she's a stock below 5c...so just a 'small sail', as the captain used to say, for me!

To Maittlen,

Welcome aboard; always good to get new faces interested. I have given you some "homework" to help you get underway by attaching my post No. 558...Sept.18, 2009(see archives) which provides a summary of reading and Craig's website you should read. You may want to read my more recent post(719...Feb.18th) first.

Dolphin

Friday, September 18, 2009 - 04:08 pm:

--------------------------------------------------------------------------------

Hi All...

Thanks for your question re:- Essence of the T.A.Z. Swing Trading method. Like 'Life' in general its not that simple!

Firstly, if you haven't already gone to the link... www.swing-trade-stocks.com... you should read it as Craig, the "creator" of the T.A.Z. set-up refered to on this thread, explains very precisely and simply how he uses this form of trading...better than I will ever be able to do. Having said that you also might want to refer to my entries above(July 12/07 posting No.125, August 9/07 posting No's. 165 and 167) which really is a summary of what to look for (confirmations) of entry confirmations.

Secondly, in that explanation you will see how Craig, and /or his followers, only use the momentum indicators(for example...both William's%R 3day and 14day) as support tools for the more important candle pattern and chart support points for the T.A.Z. set-ups. I have introduced a few extra tools/interpretations to his 'general rules' as I've developed it to my trading style; things like the importance of the 150EMA and trendline support/resistances on the William's%R14day.

Thirdly, just to give you some more useful 'homework' from this thread you may want to read the following postings:-

Gdd3 posts No 125...July7/2007 and No's 165/167...Aug9/2007 ..."5 Major Requirements" for T.A.Z. set-ups plus explanations.

Gdd3 post No. 203...Oct.18th/2007...scanning references.

Coyotte post No. 364...Dec.3/2007...alternative Stock Scans

Gdd3 post No.233...Dec.3/2007...'Why I started this thread'

Gdd3 post No. 242...Dec.14/2007...Trading Strategy once I'm entered.

Gdd3 post No. 394...Jan5/2009

Gdd3 post No. 423...May08/2009...My prefered I.C. Scans.

That should help clarify, in essence, what I see as important re:- My take on the T.A.Z. set-ups. However, if you want further explanation/clarification please ask.

Good Trading/Education...

Cheers
Dolphin

maittlen

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Thursday, March 11, 2010 - 05:49 pm:

Gday Dolphin

Thanks for spending the time to reply and steer me in the right direction.I will commence homework in a minute.
I have been scanning using a 20 day high with 2 day pullbacks with limited success.
I am looking forward to applying the criteria that you lot are talking about.

Thanks again

maittlen

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Friday, March 12, 2010 - 06:25 am:

Gday

ARX has come up on a scan I ran with the parameters from Craigs website. How I view it is below.
Williams% is not as oversold as I would like to see and it will be interesting to see if support holds at 5.
Nice to see volume dropping off on the way down.
Buy at break of the high of 11/3 5.4 with stop at 4.6 which is just below the latest swing low????
Is ARX a good example of the TAZ?
Thanks again Dolphin for the info.

Thanks

James

gdd3

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Friday, March 12, 2010 - 11:03 am:

Hi James,

Yes, ARX is a T.A.Z. set-up example(so well spotted) and in fact it has given a confirmed trigger this am by opening up above yesterday's high and now has higher vol(altho mainly because of a large buyer...me thinks...at 5.1 as she drifted back). Bit of a worry though that it opened up higher than yesterday's high and has already traded below yesterday's low which may mean that it needs to find support nearer to the 4.7 area. But, hey, still confirmation is given!

Dolphin

gdd3

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Friday, March 12, 2010 - 11:41 am:

OWL,
Haven't ignored your PM and have been trying to respond to it but IC PM has been down and your PM to me did not have an alternative e-mail address attached to respond too.

Will keep trying to respond via I.C. but suffice to say ...yes I'm very interested!

Dolphin

ivor

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Friday, March 12, 2010 - 02:10 pm:

Hello Guys

Don't think ARX is a buy at this stage.
A bit premature.
Needs to find support at .044c
(Previous spike high, and 50% of long spike candle.)
Being sold down at present.

Regards
Ivor

baysider

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Friday, March 12, 2010 - 02:22 pm:

Ivor
Just a question - i don't know the answer: Wouldn't the resistance at .47c be the strongest point as opposed to waiting for .44c? I agree volume is high and it is being sold off for some reason. Some odd things happening though - buying before the open at .56c - 2.5 million I think I saw and a report of good drilling findings today. You'd think this would a good reason to buy.

ivor

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Friday, March 12, 2010 - 03:00 pm:

Baysider

Don't think so.
Support is at previous resistance at 44c in my opinion due to previous spike high, and 50%of the long green candle.
Has been using 47c as a previous temporary platform, but has already broken that I think.
A close below 44c, and I'll take it off my watchlist and forget about it at this stage.
But a hold and then bounce from 44c would be a strong buy signal in my opinion.
Would be a brave punter who bought in today.
Let's wait and see.

Regards
Ivor

ivor

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Friday, March 12, 2010 - 04:59 pm:

Hello Baysider

More re ARX

Interesting finish.
Found support finally at .046
Makes a person wonder about the veracity of the drilling reports. Big time seller in the market today.
Massive volume of 9m shares. Looks a little like the share price may have been slightly manipulated.
Interesting to see what happens Monday & Tuesday.

What do you think?

Regards
Ivor

baysider

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Friday, March 12, 2010 - 05:16 pm:

Ivor
I wrote a note to the same effect which didn't post for some reason. Looks like some sort of 'Dug' manipulation going on. Someone bought 2.5m before the open at 56c! then the big sell off. I don't pretend to understand but glad I'm not in today.
Watch and wait for Monday.

happysam

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Saturday, March 13, 2010 - 09:36 am:

ivor, I applied the target mirroring concept that you have been promoting on AQR and its worked beautifully (unless the wind changes on Monday).
Thank-you for bringing it to my attention.

Also want to thank Colin & Co for archiving a chunk of this thread. Been meaning to say thank-you for awhile but kept forgetting to.

gdd3

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Saturday, March 13, 2010 - 11:08 am:

Ditto, Happysam...thanks to Colin for archiving "a chunk of this thread"...must have been because Dug made a complaint to me sometime back! Sincerely, thanks Colin.

Dolphin

ivor

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Monday, March 15, 2010 - 02:36 pm:

Hello Baysider

ARX

More heavy selling today.
Looks to me as if the share price has been manipulated.
Not a good look.

Regards
Ivor

gdd3

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Monday, March 15, 2010 - 02:58 pm:

Hi Ivor...agree that ARX looks as though it is being 'manipulated'. Have watched many ~400000 lots go thru this am(bid would come on just under last traded price and almost immediately taken out by new offer and repeat until down to 4c).

Anyone out their running Market Analyser to varify if this is being manipulated?

HTX, I think is trying to provide 'confirmation' of a 2ndary T.A.Z. today(needs to get above 15.5c) but very likely won't with the overall market weakness. OBJ and SSN showing signs of short-term fatigue at today's slightly higher levels and may pullback to the mid 5's and 2.9c respectively. Personally, have lightened off(mdees) in both this am.

Dolphin

ivor

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Monday, March 15, 2010 - 05:01 pm:

Hello All

Particularly Owl and his Tazometer.
Great call on HTX.
I think it's ready to light up tomorrow.
Bought a second parcel today.
I'm all dressed up, fully loaded, and ready to go.
Off to try a new bottle of Shiraz.

Regards to all the Tazers
Ivor

baysider

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Monday, March 15, 2010 - 06:03 pm:

Hi Ivor
Agree ARX looks very dodgy so I've taken it off my watch list to avoid being tempted by the falling knife! This one would have caused severe lacerations this last week!
SSN going well and I hope HTX is ready to go as I'm underwater still on that one.

Enjoy the red wine

breaker_1

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Monday, March 15, 2010 - 10:04 pm:

Thanks guys in @ .13

When one door closes another door opens; but we so often look so long and so regretfully upon the closed door, that we do not see the ones which open for us.

Alexander Graham Bell

whiteowl

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Monday, March 15, 2010 - 11:12 pm:

NGE Taz
Greetings Ivor, I see your WebJet is flying well
Latest Tazometer below
Thanks to Dolphin, I am adding some PVA (Price Vol Action) metrics
NGE in the last 65 days averaged $228k turnover
Then $1.876m were traded on a single day (Ratio 8.2)
I like to think of it as a big rock dropped into a pool .. there will be waves !
I bought in on Friday
ADX had a Taz today ($Volume may be an issue)
Cheers all
Owl

whiteowl

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Tuesday, March 16, 2010 - 12:06 pm:

HTX
Ivor great timing
Its on the move .. hang on
Cheers
Owl

gdd3

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Tuesday, March 16, 2010 - 12:27 pm:

Owl...yep the TAZer's are set but we need a few more 'outsiders' to join in on the (fun) move. I
would hope/think we should see 17.5c today and if thats the case the probabilities of seeing higher over the next couple of days increase enormously.

OBJ and SSN still hangin' in there...bit like the overall market!

Cheers
Dolphin

gdd3

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Wednesday, March 17, 2010 - 03:06 pm:

Fellow T.A.Z.ers,

Our decision to 'jump ship' on OBJ and SSN appears to have been a good thing as both have come away from m/m targets. However, they maybe setting themselves up for yet another T.A.Z. signal over the coming days so, I for one will, be alert.

Not to worry, as HTX and Owl's, NGE have taken up the batten nicely. HTX has reached the interim target of 17.5, now hopeful for a crack at 21 and beyond. NGE, I see should get to min of 20 but maybe as high as 24.

Stay tuned and keep those 'potentials' comin' in!

Dolphin

ivor

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Wednesday, March 17, 2010 - 07:18 pm:

Hello Owl

Good call on NGE.
Starting to light up. I'm already on board.
And loving it.

Tazometer looks to be a winner to me.
Well done and a great result.
All the homework paying off.

Happy trades
Ivor

baysider

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Wednesday, March 17, 2010 - 10:32 pm:

guys
Keep an eye on CXY, big pull back today - 50% of it's rise. May set up another nice TAZ??
PS I haven't checked for the reason for the fall yet, there may be good FA for it.

Great work all.

PS Here's a get out of jail story for me. As you know I hold SSN and I thought I had 75,000. Checking paperwork last night I found I'd added an extra 0 and held 750,000!!!!!!! As you can imagine I sold the extra on the open, no harm done. Just as well I didn't find out a week ago when they were 0.25!
The moral is be careful with small stocks when entering!

whiteowl

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Wednesday, March 17, 2010 - 11:35 pm:

MHM Taz Update on my Post of 10/03/2010
Hi Baysider .. your interest in MHM prompted me to look at circled Taz Price breakouts
I have added to Tazometer
Green Taz breakout Price and Volume
Purple Taz breakout but Waiting on Volume
Cheers
Owl

ivor

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Thursday, March 18, 2010 - 12:56 pm:

Hello All

Sold HTZ at target 21c.
That makes 50% return in a week.

I hope a lot of you came on board for the ride as suggested by Dolphin a couple of days ago.
Off to celebrate.

Regards to all
Ivor

whiteowl

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Thursday, March 18, 2010 - 01:50 pm:

HTX
Ivor, Good Call 'Linesman' 7, 14, 21 game set and match !
I sold also
Will get the Tazometer out tonite and see what turns up
Mind you I dont like buying on Fridays. Do you ?
ADX from my Mondays post would have worked well

NGE (both of us in .. anyone else ?)
I have a little mirror 16,19,for a sell at 22
Volume doing all the right things and if we get past 20,
A big W 12,20 (Centre of effort of the big pennant), for a big sell at 28
Whats your 'line call' for NGE ?

Cheers
Owl

gdd3

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Thursday, March 18, 2010 - 02:48 pm:

SMA...

This came up on a scan over a week ago and looks likely to move higher very soon with evidence of increasing support and interest(M/D). However, its not a particularly good example of a T.A.Z. set-up and trade and you would have to consider a 'doggy' T.A.Z. based trade...but I have a good feeling here as shes been 'price' locked for the last 9TD's and higher high and a higher low in place.

One for the more aggressive trader...or gambler???

Dolphin

ivor

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Thursday, March 18, 2010 - 02:58 pm:

Hello Owl

NGE - will be more than happy to sell at 22c.
Have already placed a sell order with commsec at that level.

Fridays are no different to other days for me.
I invariably place both buy and sell orders when the market is closed. Usually at night time. Find that it frees me up during the day. And can deal at precisely the prices that I think are appropriate.
Can usually get set on the spikes of the candles.
Make more money that way.

HTX is an excellent example of selling on the spike. I think HTX will fall away from 21c now, and be very unlikely to go back there at this stage. Goes to show how important targets are.

Don't like to deal at market prices. Have found that if I do, generally go straight into a paper loss shortly after buying. Profit is hard enough to get without throwing bits of it away.
I can always get a better price when buying, and usually go into the green straight away rather than the red when placing fixed price orders.

Great work with the Tazometer.
All your hard work seems to be paying off.

Regards
Ivor

happysam

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Thursday, March 18, 2010 - 03:49 pm:

I was stopped out of HTX (aka HTZ and HTN) @ 0.19. It ain't 0.21 but I'm happy
Baysider, your HTX is/was out of the water. Phew.

Dolphin, I'm already in on SMA. Been watching it like watching paint drying for too long. Happy to see her show some sign of life today.

I seem to be too early in buying. Ah well, it's that beginner learning period.

VBA has been stuck around 0.715-0.72 for most of the day

jr81

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Thursday, March 18, 2010 - 07:00 pm:

Hi Guys,

I'm back in PNO on the same basis as SMA mentioned above have been following the both of them and have done well out of them both also. PNO also had larger volume today, but it may be a risky one as with SMA.

Also back in on GDN - drill should spud in soon also (i know its not TA though but it may also help boost up the price), unfortunately missed SRI over the last 2 days, but you cant have them all :-)

HTX done well thanks for the heads up. the greed gland got the best of me today though and i had my sell in at 21.5 and just missed it, sold out at 19 instead, but still a nice profit, have to not try and milk every last milli-cent outta the trade - right!

bought in on NGE in the 2nd week of March, and i too find I buy in a tad bit early - sometimes i exit just to see the price sky rocket the next day

, therefore missing out on other profits, but hey its all part of learning.

Jase

(Message edited by JR81 on March 18, 2010)

breaker_1

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Thursday, March 18, 2010 - 07:18 pm:

Bought HTX .13c 12/3

Stopped out as per target .19c today all automatic no emotion all to plan

Thanks Ivor ,Smithy others ,most enjoyable trade yet

When one door closes another door opens; but we so often look so long and so regretfully upon the closed door, that we do not see the ones which open for us.

Alexander Graham Bell

whiteowl

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Thursday, March 18, 2010 - 10:59 pm:

SMA

Hi Dolphin,
At 4pm close I put the Tazometer on your SMA chart of 2pm
It is not dodgy at all, its a 'perfect' Taz (Green for GO)
TAZ Checklist ..
10SMA > 30EMA > 150EMA and price in the 10/30 zone OK
Close > (WillR) Setup Bar and on greater Volume OK
The question is
How come you knew 2 hours ahead of us Eastern Staters ?
Cheers
Owl
PS Answer .. Just say that you in Perth are really 2 hours ahead,
and are neither aggressive, or gamblers, but have a !
And the SMA chart ..

espresso

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Friday, March 19, 2010 - 12:26 pm:

Hi All,
Does anyone have an opinion on this top 300 stock AXM.
or would like to give their opinion.

gdd3

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Friday, March 19, 2010 - 01:47 pm:

Hi Expresso,

I have no (T.A.Z.) opinion on AXM as she's appears to be a long way from giving any potential T.A.Z. set-up according to the necessary criteria for such a trade. She has only just traded above the 30EMA in today's action BUT still has a -ve 10MA/30EMA cross and is well below the 150EMA.

From a non-T.A.Z. trade point of view two +ves I can see is that she has has a very short-term higher high and higher low in place(since Mar. 8th) and, secondly, this is supported by increased interest and vols. Would I be interested in trading her because of this....No!(because its outside my personal trading rules).

Then, again, it did occur to me that you may have been getting AXM mixed up with AMX. If so, thats a different story! I admit, I am not in this one(because I'm not comfortable with generally low vol. traded stocks as AMX was prior to this year's action) but have watch her nearly double since her 1st T.A.Z. set-up/confirmation back on Feb. 1st without acting on any follow-up T.A.Z. signals(last just this last Tues.). Oh well, just opportunity lost(but also because I was fully committed elsewhere). You will also note from my chart that AMX seems to be 'mapping' out a 'stairway to heaven' first started back at the Dec. 14th swing low but especially since the T.1 signal on Feb.1st.

Good luck with AXM if you are indeed in her.

Dolphin

ivor

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Friday, March 19, 2010 - 01:54 pm:

Hello Espresso

Axm is a gold exploration and development company operating in WA. Shares have been in a downtrend for the past two years.

It's not an appropriate posting for this thread as it doesn't display any on the TAZ criteria.

You might find a better response if you start a new thread for it.

Regards
Ivor