| Author |
Message |
     p3t3
Member
Username: p3t3
Post Number: 1077
Registered: 04-2010
Rating: N/A
Votes: 0
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| | Friday, March 02, 2012 - 01:48 pm: | 
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Welcome to the "January Equinox to March Solstice Challenge".
This Challenge will start on the week beginning January 2nd and run until March 30th over a period of 13 weeks. At the completion of that time an acknowledgement by way of the award of "(cyber) medals" of Gold, Silver and Bronze will be made to the top 3 achievers. Last place will also be acknowledged with the award of a "(cyber) wooden spoon".
This Weekly Comp is aimed at the non-professional market entrant with $5,000 drawn off his mortgage or credit card, a standard trading account and a day job (probably also with a wife and dependent kids).
For this stock tipping Challenge only a single entry will be allowed in any one trading week – being from Friday's close to the following Friday's close, unless original capital has been built up to $10,000 or more (see below). However, even for an entrant with an existing position, an LC (Long Continuous) or GTC (Good ‘Till Cancelled) entry posted before Friday’s close for the following week will not be rendered invalid by this rule. Entries posted will get the next available market open price for their entry, and Friday's close as the exit, unless otherwise specified (see below). The time-stamp of the posting will be used to determine which market open price is to be applied.
An intra-week "Stop" request may be posted on any day. If posted on a trading day before the day's open it will receive that day's open price as the exit price. If posted after the open the exit price will be the next day's open price, that being the nearest available exit. Activating that "Stop" would close the entrant's position until the start of the following week, and no new position may be opened for the purposes of the Comp until then. A new pick may be nominated towards the end of the week in which the "Stop" was applied for the following week's trading.
Only long positions may be nominated, with a unit price no lower than $0-05. On any day that a stock closes below $0-05 an automatic stop will be applied on that day, using the close price for that day as the exit price. No entries for warrants, exchange traded options or other derivative products will be accepted, only entries of ASX tickers for ordinary shares and ASX ticker "Gold".
Nominations should be accompanied by a chart clearly showing the Technical Analysis used, with a short explanation of how that Technical Analysis is being applied - Please Note: failure to do this could result in disqualification of the entry. It is preferred that Incredible Charts software be used for chart postings.
"Long Continuous" (LC) positions maybe be nominated prior to 4pm on Friday to maintain a new or existing position into the following week, or the following Comp. "Good 'Till Cancelled" (GTC) positions may also be nominated before Friday's close, and will be treated as an LC with an automatic renewal, within the duration of the current Comp. Carry-over of GTC and LC positions into a new Comp will require notification by way of a post to the weekly thread prior to the last Friday close of the current Comp.
Any entrant who has not elected, by way of a post in the weekly thread, to use their "Stop", "Long Continuous" or "Good 'Till Cancelled" option, or has not had an automatic stop applied for a close below $0-05, will automatically receive Friday's close as their exit.
An entrant who has a position that goes into a Trading Halt will be required to retain that position until the stock resumes trading. Prior to resumption of trading they may request a "Stop" at the price at which trading is resumed. Otherwise normal rules for closing or retaining an open position apply.
Each entrant will be awarded a starting capital of $5,000 cyber-dollars and gains on positions will be added to that amount on a weekly basis, while losses will be subtracted from it. Anyone reaching a capital amount of $10,000 or more may split their cyber-capital into 2 positions, allocating 50% of their total capital to each if they so choose, or may continue to use their total capital on a single position.
Short term weekly awards for First, Second, Third and Last place (spoon) will be acknowledged and recorded. The amount of gain or loss on the weekly position will be applied to the entrant's accumulated capital.
Any new entrant to the challenge should feel free to ask for help regarding posting, as there are many here familiar with the conditions and methods used.
Please place your tips and chart here in this thread.
I haven't lost my mind,
I know it's here somewhere.....
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p3t3
Member
Username: p3t3
Post Number: 1078
Registered: 04-2010
Rating: N/A
Votes: 0
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| | Friday, March 02, 2012 - 01:52 pm: |
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quote:Surferdude : LC on ACR please
Espresso : For week 10 my selection is have IVR LC please
Stampy : Stampy LC ACL please chart to follow
I haven't lost my mind,
I know it's here somewhere.....
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gamefisherman
Member
Username: gamefisherman
Post Number: 123
Registered: 02-2011
Rating: N/A
Votes: 0
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| | Friday, March 02, 2012 - 02:48 pm: |
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Friday, March 02, 2012 - 01:05 pm:
Hi p3t3
Please close my position in ERM.
Cheers and hope everyone has a good weekend.
Cheers
GF
Protect your capital and the rest will take care of itself with a solid trading plan that is adhered to every trade (PS THIS IS WRITTEN TO KEEP REMINDING ME TO STAY FOCUSSED AND FORGET NOISE)
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espresso
Member
Username: espresso
Post Number: 359
Registered: 10-2009Rating: N/A
Votes: 0
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| | Friday, March 02, 2012 - 03:48 pm: |
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Hi P3t3,
I may have asked this question before so excuse my lapse of memory, regardless of L, LC, or GTC can you close your position at the end of day.
Cheers
Espresso
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p3t3
Member
Username: p3t3
Post Number: 1080
Registered: 04-2010
Rating: N/A
Votes: 0
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| | Friday, March 02, 2012 - 04:10 pm: |
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quote:espresso said : ....regardless of L, LC, or GTC can you close your position at the end of day
Short answer is "no", though any LC or GTC can be changed to "L" at any time, so if this is done on a Friday the position becomes eligible for the normal Friday close exit.
Any requests for an exit on a Friday get the benefit of the availability of this possible exit option.
Otherwise the next available open would be used for the exit price.
Hope that's clear.
best
p3t3
I haven't lost my mind,
I know it's here somewhere.....
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jimmyswell
Member
Username: jimmyswell
Post Number: 566
Registered: 07-2006Rating: N/A
Votes: 0
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| | Saturday, March 03, 2012 - 11:13 am: |
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jimmyswell SHD L
 \
Sherwin Iron has been climbing steadily over the past 2 weeks and volume increased each day this week.
Still 10% to go until it challenges resistance at the 6-month high of 10c.
(Message edited by jimmyswell on March 03, 2012)
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whiteowl
Member
Username: whiteowl
Post Number: 172
Registered: 07-2005Rating: N/A
Votes: 0
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| | Saturday, March 03, 2012 - 12:33 pm: |
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Owl GOR L please Pete
All Indicators looking good
Circled SR at 37 and dojis
Good candle $Vol takeoff from 37c Jan 30
Sitting at Fib 61.8% retrace
Taz Will 3 and 14 oversold
MA's 10 > 30 > 65
Taz Green for GO candle Friday with accompanying $Vol
Is this an Elliot W2 with W3 just starting ?
A close above 39 is the key
Cheers all Owl
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espresso
Member
Username: espresso
Post Number: 361
Registered: 10-2009Rating: N/A
Votes: 0
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| | Saturday, March 03, 2012 - 06:12 pm: |
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MACD Histogram above the zero line, MACD indicators heading north and moving apart.
Supported by solid & consistent volume. Last weeks candle Price has just broken over the resistance line.
TMF is below the zero line unfortunately as this is supported by the long wicks on the candles.
To many red candles.
However it has higher highs and higher lows over the last week with volume support.
I may be exciting this trade early.
Cheers
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elisabeth
Member
Username: elisabeth
Post Number: 670
Registered: 09-2002Rating: N/A
Votes: 0
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| | Sunday, March 04, 2012 - 06:38 am: |
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Elisabeth AZX L
AZX is in the middle of a merger proposition with GGG - initial shareholder reaction to the proposal in November was negative. Since then AZX has completed a complex 1-2-3 reversal, breaking above point 2 and also closing well above the last Swing High of the downtrend after news on gold reserves increase. TMF daily is diverging slightly – in the weekly (not shown), TMF has just crossed strongly above 0.
Happy week everyone!
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stampy
Member
Username: stampy
Post Number: 406
Registered: 10-2003
Rating: N/A
Votes: 0
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| | Sunday, March 04, 2012 - 04:34 pm: |
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ACL chart
I'm thinking its holding it upward move ,
its above all the important MA's
Its holding inside the Dominant Candles with uptrend.
Reduction in Volume while still holding its rally makes me think the next will be up when volume increases
Good luck all ,
Regards
Stampy.
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poptop
Member
Username: poptop
Post Number: 474
Registered: 12-2005
Rating: N/A
Votes: 0
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| | Sunday, March 04, 2012 - 06:41 pm: |
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Has been a long time since I've been back on IC
POH L for me please
If someone could please post a chart as I now use macs and since I last checked, the IC program wasn't yet available for mac
Cheers
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espresso
Member
Username: espresso
Post Number: 363
Registered: 10-2009Rating: N/A
Votes: 0
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| | Sunday, March 04, 2012 - 07:39 pm: |
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MACD on the daily histogram above zero with the indicators up high yet slightly close together.
TMF on daily and weekly trending above the zero line supported with strong volume.
Price resistance at .21 yet wick has broken through on previous occasion. Price has support at .19
Monthly chart not showing however a nice dojo formed from the previous month.
Good Luck
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ehmu
Member
Username: ehmu
Post Number: 761
Registered: 08-2010
Rating: N/A
Votes: 0
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| | Monday, March 05, 2012 - 12:34 am: |
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Hi Pete:
BTU_ax L please.
In the coal sector producing coal for the steel industry.
In an uptrend with volume increasing.
Abnormal price move with volume from low volatility consolidation.
Outperforming coal index, including appreciation of AUD vs USD.
Popped above 100 on CCI.
Thanks
_____ Hal
.......Not a recommendation to buy or sell equities
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ehmu
Member
Username: ehmu
Post Number: 762
Registered: 08-2010
Rating: N/A
Votes: 0
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| | Monday, March 05, 2012 - 12:41 am: |
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alternate chart shows break above 150ma
_____ Hal
.......Not a recommendation to buy or sell equities
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gamefisherman
Member
Username: gamefisherman
Post Number: 126
Registered: 02-2011
Rating: N/A
Votes: 0
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| | Monday, March 05, 2012 - 12:50 am: |
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Hi p3t3 Gamefisherman NST L please
As shown on the chart, NST has been trending upwardly for sometime however we recently witnessed a pullback. Fridays dominant candle with the stock up about 7% will hopefully be a sign that money is returning and buying pressure is building up
Good luck to all...........
Cheers
GF
Protect your capital and the rest will take care of itself with a solid trading plan that is adhered to every trade (PS THIS IS WRITTEN TO KEEP REMINDING ME TO STAY FOCUSSED AND FORGET NOISE)
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gamefisherman
Member
Username: gamefisherman
Post Number: 127
Registered: 02-2011
Rating: N/A
Votes: 0
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| | Monday, March 05, 2012 - 08:41 am: |
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Hi p3t3 Gamefisherman NST L please
Ammendment to comments for NST: As shown on the chart, NST has been trending upwardly for sometime however we recently witnessed a pullback. NST was up about 7% on Friday and this will hopefully be a sign that money is returning and buying pressure is building up.
Good luck to all...........
Cheers
GF
Protect your capital and the rest will take care of itself with a solid trading plan that is adhered to every trade (PS THIS IS WRITTEN TO KEEP REMINDING ME TO STAY FOCUSSED AND FORGET NOISE)
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archer
Member
Username: archer
Post Number: 2199
Registered: 11-2002
Rating: N/A
Votes: 0
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| | Monday, March 05, 2012 - 08:52 am: |
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Archer CRL L Thanks
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gdd3
Member
Username: gdd3
Post Number: 1612
Registered: 09-2002Rating: N/A
Votes: 0
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| | Monday, March 05, 2012 - 08:57 am: |
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Dolphin, CVN, L
Chart to follow and have a good week everyone.
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gdd3
Member
Username: gdd3
Post Number: 1613
Registered: 09-2002Rating: N/A
Votes: 0
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| | Monday, March 05, 2012 - 10:21 am: |
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Dolphin's chart for CVN...pls excuse the 'quality' as I'm having a few issues with my version of I.C.
I'm simply 'banking' on the 'power' of the two dominant candles and what appears to be a continuation pattern/flag forming. We also have a secondary TAZ set-up in play but CCC need to get above 15c to confirm.
Cheers
Dolphin
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ehmu
Member
Username: ehmu
Post Number: 765
Registered: 08-2010
Rating: N/A
Votes: 0
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| | Monday, March 05, 2012 - 10:34 am: |
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Hi Dolphster:
You sure have a knack for those flaming hot tips !!
_____ Hal
.......Not a recommendation to buy or sell equities
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p3t3
Member
Username: p3t3
Post Number: 1084
Registered: 04-2010
Rating: N/A
Votes: 0
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| | Monday, March 05, 2012 - 03:44 pm: |
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quote:Poptop said : POH L for me please
If someone could please post a chart as I now use macs and since I last checked, the IC program wasn't yet available for mac
Poptop, have you any words of analysis wisdom to accompany this pick?
best
p3t3
I haven't lost my mind,
I know it's here somewhere.....
|
p3t3
Member
Username: p3t3
Post Number: 1085
Registered: 04-2010
Rating: N/A
Votes: 0
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| | Monday, March 05, 2012 - 03:46 pm: |
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quote:Archer said : Archer CRL L Thanks
Chart?
Accompanying words of analysis wisdom?
best
p3t3
I haven't lost my mind,
I know it's here somewhere.....
|
007
Member
Username: 007
Post Number: 589
Registered: 05-2005
Rating: N/A
Votes: 0
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| | Monday, March 05, 2012 - 05:56 pm: |
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Too late to take JIN for tomorrows open?
Delayed chart below with sp @ 92c. Up 11.957% for a $1.03 close today.
Good chart n fundamentals. Management okay.
Prefer JIN for a longer term hold, but should be able to handle the weekly comp.
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jimmyswell
Member
Username: jimmyswell
Post Number: 567
Registered: 07-2006Rating: N/A
Votes: 0
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| | Monday, March 05, 2012 - 08:23 pm: |
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I have to say how nice it is to see Archer and Poptop back again.
I hope that you become repeaters because the more participants, the more vibrant the experience.
If only we can lure Jaded back into regular contribution.
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p3t3
Member
Username: p3t3
Post Number: 1086
Registered: 04-2010
Rating: N/A
Votes: 0
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| | Monday, March 05, 2012 - 09:21 pm: |
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Week 10, Monday :
Ehmu is off to the best start in the new week.
Elisabeth and JimmySwell are in hot pursuit.
OO7 your Tuesday entry for JIN is noted and will be implemented in
tomorrow's table.
A picture, we're regularly reminded, is worth 1k words :
I haven't lost my mind,
I know it's here somewhere.....
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gdd3
Member
Username: gdd3
Post Number: 1618
Registered: 09-2002Rating: N/A
Votes: 0
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| | Monday, March 05, 2012 - 10:01 pm: |
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Hi Jimmy...
Couldn't agree more...i.e. the more competitors the better. However, there is another way of looking at the "return" of the silent ones(members) in the Comp'n...WE COULD BE VERY CLOSE TO A 'BULLISH' MARKET TOP!
Dolphin
P.S. Have you ever tried to 'outrun' an ehmu? Go Ehmu!
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p3t3
Member
Username: p3t3
Post Number: 1089
Registered: 04-2010
Rating: N/A
Votes: 0
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| | Tuesday, March 06, 2012 - 02:18 am: |
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p3t3 exit MLD at the open :
Mixed signals as to whether trend has changed, with volume not supporting. But price level support
has broken, with divergence on the stochastic, so bottom of the range could well see another test.
Europe down overnight, and warning noises about China. The sidelines looks like a good place to be
just right now.
I haven't lost my mind,
I know it's here somewhere.....
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ehmu
Member
Username: ehmu
Post Number: 766
Registered: 08-2010
Rating: N/A
Votes: 0
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| | Tuesday, March 06, 2012 - 03:25 am: |
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p3t3 wrote on Tuesday, March 06, 2012 - 03:18 am:sidelines looks like a good place to be
I'm inclined to agree with you, and your opinion. (lol)
Today, on this side of the Pacific, some kind of spastic credit contraction going on---but I can't figure it out.
Dollar up, Euro up, china up, markets down, metals down, oil flat, materials down, EWA (australia etf) down---and maybe worst of all coal down.
Guess I will close btu_ax at asap the open tomorrow (today my time).
I was thinking the downdraft wouldn't start until Wednesday, but even the institutional investors index has started to sell off a bit today.
all the best to all you tippy toe tipsters
_____ Hal
.......Not a recommendation to buy or sell equities
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elisabeth
Member
Username: elisabeth
Post Number: 671
Registered: 09-2002Rating: N/A
Votes: 0
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| | Tuesday, March 06, 2012 - 05:06 am: |
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Jimmy, ditto re Archer, Poptop and Jaded!
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p3t3
Member
Username: p3t3
Post Number: 1090
Registered: 04-2010
Rating: N/A
Votes: 0
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| | Tuesday, March 06, 2012 - 04:36 pm: |
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Week 10, Tuesday :
A timely exit has seen Ehmu able to retain the top position.
Surferdude and GameFisherman managed to find increases in their picks on
a down day, so are worthy place-holders.
OO7 has made a bright start with his late pick, into a tough market.
Recent "new" entrant Poptop also managed to find a pick that went against
the broad market trend.
The broader picture :
I haven't lost my mind,
I know it's here somewhere.....
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whiteowl
Member
Username: whiteowl
Post Number: 173
Registered: 07-2005Rating: N/A
Votes: 0
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| | Tuesday, March 06, 2012 - 09:12 pm: |
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Owl, GOR exit at Open tomorrow please
Pete, save the spoon for me !
Next time I post a share, I will consider Sector Strength
And perhaps Market Strength
Careful trading .. Cheers All
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espresso
Member
Username: espresso
Post Number: 365
Registered: 10-2009Rating: N/A
Votes: 0
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| | Tuesday, March 06, 2012 - 09:23 pm: |
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Hi P3t3,
Please close IVR at open.
IVR has broken through the trend line and the support line with a nice size juicy red candle.
MACD indicators have turned and TMF has flat lined.
on the weekly an engulfing red candle is begging to form
Thank you.
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gamefisherman
Member
Username: gamefisherman
Post Number: 128
Registered: 02-2011
Rating: N/A
Votes: 0
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| | Wednesday, March 07, 2012 - 07:58 am: |
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Hi p3t3
Please exit NST at open
Cheers
GF
Protect your capital and the rest will take care of itself with a solid trading plan that is adhered to every trade (PS THIS IS WRITTEN TO KEEP REMINDING ME TO STAY FOCUSSED AND FORGET NOISE)
|
gamefisherman
Member
Username: gamefisherman
Post Number: 129
Registered: 02-2011
Rating: N/A
Votes: 0
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| | Wednesday, March 07, 2012 - 08:43 am: |
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Gamefisherman Here is my rationale for exiting this morning.
That old saying 'timing is everything' is so true. Should have exited on yesterdays open/within 15-20mins due to high volumes where the stock was heavily being sold off.
Wanted to post a copy of the NST 2 day 10 minute chart which clearly showed the picture, however due to not being able to work out how to do it have attached IC chart
Protect your capital and the rest will take care of itself with a solid trading plan that is adhered to every trade (PS THIS IS WRITTEN TO KEEP REMINDING ME TO STAY FOCUSSED AND FORGET NOISE)
|
stampy
Member
Username: stampy
Post Number: 409
Registered: 10-2003
Rating: N/A
Votes: 0
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| | Wednesday, March 07, 2012 - 09:00 am: |
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ACL close please
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archer
Member
Username: archer
Post Number: 2200
Registered: 11-2002
Rating: N/A
Votes: 0
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| | Wednesday, March 07, 2012 - 12:14 pm: |
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Thanks jimmyswell and Elizabeth but unfortunately will only be a bit part player in these games for a while yet
Dolphin spot on-i had expected the decline to start on the 3rd anniversary from the low but the sellers couldn't wait a few more days
CRL chart has gone from fly specks to getting some respect
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p3t3
Member
Username: p3t3
Post Number: 1091
Registered: 04-2010
Rating: N/A
Votes: 0
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| | Wednesday, March 07, 2012 - 03:43 pm: |
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quote:Archer said : CRL chart has gone from fly specks to getting some respect
Thanks for the chart and commentary Archer.
Your participation in the Comp is encouraged, at whatever level you can manage.
best
p3t3
I haven't lost my mind,
I know it's here somewhere.....
|
p3t3
Member
Username: p3t3
Post Number: 1092
Registered: 04-2010
Rating: N/A
Votes: 0
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| | Wednesday, March 07, 2012 - 03:48 pm: |
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Week 10, Wednesday :
Ehmu's early exit continues to stand him in good stead.
Surferdude retains the silver position, while JimmySwell has moved on up
into the bronze.
Stampy, your exit request has been noted and will be implemented on
tomorrow's open.
The broader picture :
I haven't lost my mind,
I know it's here somewhere.....
|
espresso
Member
Username: espresso
Post Number: 366
Registered: 10-2009Rating: N/A
Votes: 0
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| | Wednesday, March 07, 2012 - 07:22 pm: |
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Hi Archer,
I second the gesture by fellow members in your participation in this comp or any one else for that matter.
Cheers
Espresso
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p3t3
Member
Username: p3t3
Post Number: 1093
Registered: 04-2010
Rating: N/A
Votes: 0
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| | Friday, March 09, 2012 - 01:37 am: |
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Week 10, Thursday :
top six positions remain unchanged though, of those, Surferdude has
actually improved his position.
The broader picture :
I haven't lost my mind,
I know it's here somewhere.....
|
msparks
Member
Username: msparks
Post Number: 1509
Registered: 10-2004
Rating: N/A
Votes: 0
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| | Friday, March 09, 2012 - 07:26 am: |
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Hi
HAR LC please
will post chart this avo
cheers
"I have my own unique system "
"I manage to lose money in bull and in bear markets "
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msparks
Member
Username: msparks
Post Number: 1510
Registered: 10-2004
Rating: N/A
Votes: 0
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| | Friday, March 09, 2012 - 12:44 pm: |
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declining volume on pullback but nothing happening today
buying pullbacks is a slow way to get ahead because you never know how long it is going to rest before moving again
"I have my own unique system "
"I manage to lose money in bull and in bear markets "
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p3t3
Member
Username: p3t3
Post Number: 1095
Registered: 04-2010
Rating: N/A
Votes: 0
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| | Friday, March 09, 2012 - 09:14 pm: |
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Week 10, Friday....before any protests :
It has taken a late entry and great stock-picking to dislodge EHMU, but
that is what MSparks has accomplished.
Elisabeth has leapt up the table to land in the bronze position.
the broader picture :
I haven't lost my mind,
I know it's here somewhere.....
|
surferdude
Member
Username: surferdude
Post Number: 69
Registered: 06-2005
Rating: N/A
Votes: 0
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| | Saturday, March 10, 2012 - 03:39 pm: |
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Hi Pete
I think mine should have finished this week as it was LC last week not a GTC
Thanks
"Vision is not enough; it must be combined with venture. It is not enough to stare up the steps; we must step up the stairs."
- Vaclav Havel
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p3t3
Member
Username: p3t3
Post Number: 1096
Registered: 04-2010
Rating: N/A
Votes: 0
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| | Saturday, March 10, 2012 - 10:40 pm: |
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quote:Surferdude said : I think mine should have finished this week as it was LC last week not a GTC
Thanks for the prompt Surferdude,
I'll correct in the outcomes table.
best
p3t3
I haven't lost my mind,
I know it's here somewhere.....
|
p3t3
Member
Username: p3t3
Post Number: 1097
Registered: 04-2010
Rating: N/A
Votes: 0
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| | Saturday, March 10, 2012 - 10:46 pm: |
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Only Surferdude's correction required, so final outcome :
A tough week for many of us, so results from MSparks, Ehmu and Elisabeth
are admirable.
Anybody who stayed out of the red has done well...I reckon.
I haven't lost my mind,
I know it's here somewhere.....
|
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