NCM Turn Dates

Hey,

I am sorry i didn't actually put up a chart and i only will share this here.

Although this trade has not worked due to the fact it broke the highs it made on Friday's turn date i have also included another chart on a weekly view.

These dates all lined up as showen on the daily. There were also dates coming from a weekly and monthly timeframe for NCM and why i was taking Position 1 short trades. We are still in a small speculative short but those stops are really wide for now.

Anyway thought i would share this and i think its and excellent example why you cant just rely on time or 'turn dates' as they obviously don't always work.




This chart is just my weekly chart showing the trendline on the channel and how price is coming to the top... there are a few repeating ranges here but i have not included them on the charts.



I will try updating more regularly :)

My Swing chart...

Re Evaluation

Hey Guys,

Been an interesting start to the week so far. I have been bit busy with a few things but markets not providing the opportunities i would like. I actually am getting a new charting software which im really looking forward to so i will update more charts when i have that.

But the market really isnt playing into my bias at all at the moment so im thinking i will stick to the day trades and re evaluate as we become more clear with the direction. Over night at this stage is a gamble and i dont like pulling the leaver im the house thanks :)

So i might pop a video up later on or something on a couple day trades :)

Update on the swings

sorry guys i have been away a bit this week. been slack i know but when the market is crappy i dont like being to bullish or bearish as i have found i dont have to be in a position. i was very scalpy so that was great but until i get a much clearer perspective on the markets i dont like giving to much to people.

Anyway i thought id just post my standard XJO chart for you all to see and isn't it interesting how its 100% in both time and price... could be nice for a turn but lets just see. it could keep going and be equal to the last run up... wouldnt that be nice for the bulls...

anyway good week here and enjoy the charts ill try get a few more up :)

SDL

This is a stock i have held in my cash account for a long time and one i have gotten many family and friends into. Excellent company with excellent potential. The announcement the other days regarding the MOU with chinese for the railway was a huge step forward in the project so i thought i would elaborate the plans better through charts for those that are wanting to take profits along the way.

I love the stock long term and holding until production will be my target but as you all know i do trade and do charts so i thought i would post a few for this one...

Please make your own decisions and no advice is given. Remember you need to sell to make money but its up to you when you do that :)


this chart shows the cycles of a stock and generally how things work..



These next 2 just show simple repeating ranges and profit levels using support and resistance...






Happy trading guys :)

AUD/USD

Chart for AUD/USD 6th of september.
Not only are there quite a lot of significant turn dates happening on this date but i see a strong down trend line from the highs back over 94c (down trending pink line) with a steep rising wedge on the 1 hourly. It is a speculative position but i have taken some shorts with higher high stops... More as it progresses.

XJO Swings...

Hey guys,

Sorry for the lack of updates i was a bit out of wack this week after the conference all weekend and didn't feel in sync with the market. Certainly felt like a random week so trying to spend some time doing a few charts and getting my head straight for the week to come!

Anyway this is my swing chart i keep updating. We are in a range but i mean this certainly could start to suggest we might keep on moving on up?



There are some significant turn dates monday and also wednesday so i guess the smart thing to do would be to wait and see? but certainly will be an interesting week with the US having a holiday...

anyway ill try get a few more charts up with a few ranges :)