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Interesting Chart Patterns To Monitor In Coming Days...
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asn
Hypothetically Long ASN at 36.37 since Friday.
... raising stop loss to 36.14. 1st target remains 37.60
Originally posted by MR
This is kind of aggressive for me, but I really don't want to do any new trades
as I am getting ready for a relaxing weekend. . . . I am going to pretend to
buy 100 shares of ASN at the (currently @ 36.37) market, right now. Stop Loss
is 35.90, Target #1 is 37.60. The risk is 50 cents. Minimum reward potential is
$1.24 (It makes sense if you localize the Daily wave count before the Feb low...
then you can get a 1-2-wave 3 in progress. Worst case scenario it ends up
being a C wave is not completed yet. Either way I win if correct. Only concern,
did I place my stop too close for this stock, and did I pick the right entry price
or should I have waited until next Tuesday open? Those are the things I want
to test out with this idea...)Marc
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I will do this test. Going to close out my positions today even though I still like most all of them, but since it is the end of the month and I will need money to trade this is best thing to do now. Will start officially tomorrow, or as soon as a good Type 1 or 2 shows up.
Need a little time to today to figure out how to set things up. Details forthcoming later this evening. Please be willing to sign up quickly as access to this project will be limited and closed once I get going.
Thanks.Marc
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Your invite to new MR test group
OK, a File Share test group has been created.
If you voted "Yes", please go ask to join this group.
If I find your vote, you will be allow you to join.
(click here to find new group)
Any ideas posted in this group does not to constitute
official recommendations or advice. This is simply a 'self test'
I am doing to test myself where a select group are allowed
to monitor my ideas for any free educational insight.
The only thing I promise is very hard work, to do my best
to find quality Type 1 or 2 setups this summer.
I will be starting experiment with $50,000. The only trade
officially still in is SIRI @ $5.75 (see Post:Went Long SIRI)Marc
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DX
Hi, see attached chart for current DX#F daily chart... Dollar has worked higher since previous DX post... anticipating it being able to soon or eventually work through this MOB....
Originally posted by MR - Posted: 05-13-2005 01:30 PM
US Dollar breakout of six month trading range, bottom basing pattern.
After DX decline since 2002, are we witnessing the beginning of dollar
strengthening for a few months? IF someone wants me to trade for them,
I can show you how to take advantage of this.... (smile, my futures
account is closed right now so I can only watch... bummer.)Marc
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Euro
Hi, posted this comment on the Euro back on 05-13-2005 01:41 PM. . . . I now 'suspect' it could work even lower this summer. (see attached chart)
Originally posted by MR - Posted: 05-13-2005 01:41 PM
On the other side Euro now vulnerable to decline to 1.23 next target?
Might hold next week 1.25, but before June push lower, working to 1.23
this summer????? Just a guess?Marc
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Re: asn
Follow-up on hypothetical trade. . .
raising pretend stop to breakeven.
Taking 1/2 profits if 1st target is hit.
Originally posted by MR- Posted: 05-31-2005 11:25 AM
Hypothetically Long ASN at 36.37 since Friday.
... raising stop loss to 36.14. 1st target remains 37.60Originally posted by MR - Posted: 05-27-2005 03:29 PM
This is kind of aggressive for me, but I really don't want to do any new trades
as I am getting ready for a relaxing weekend. . . . I am going to pretend to
buy 100 shares of ASN at the (currently @ 36.37) market, right now. Stop Loss
is 35.90, Target #1 is 37.60. The risk is 50 cents. Minimum reward potential is
$1.24 (It makes sense if you localize the Daily wave count before the Feb low...
then you can get a 1-2-wave 3 in progress. Worst case scenario it ends up
being a C wave is not completed yet. Either way I win if correct. Only concern,
did I place my stop too close for this stock, and did I pick the right entry price
or should I have waited until next Tuesday open? Those are the things I want
to test out with this idea...)Marc
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Re: YES
Hi Sesh,
Click here to go to the new group
Please go to this sight and try to join the group.
I will allow you to join as soon as possible.
If I can find anything useful right now, will try
to make time to post here SP and ND for you.
Thanks, Marc
Originally posted by Seshadri
MR please count me in. Can you also post your thoughts on the emini S & P and Nasdaq futures? Your insight would be fantastic considering how good you have been with stocks. Thanks.
SeshMarc
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File Share Entry Problems
Hi Marc,
Thanks for your prompt response. I tried to login to that file share group with my email and password (I have already registered to login to file share). However, when I click on your group it is again taking me back to the login screen. I am clueless as to how to go about getting access to your group. Would appreciate your help on how to get going here. Thanks.
Sesh
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