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BHP vs MND

Discussion in 'Shares' started by voigtstr, 1st Mar, 2012.

  1. voigtstr

    voigtstr Well-Known Member

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    If BHP is riding the resources boom, why is it in a downtrend...
    if MND supports resources companies, why is it in an uptrend
     
  2. Tropo

    Tropo Well-Known Member

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    BHP is in downtrend because more players are bearish (majority are selling).
    MND is in uptrend because more players are bullish (majority are buying).
    They do move independently in opposite direction (often in the same sector), for variety of reasons, which are irrelevant in relation to price action.
    Often stocks go up on bearish reports or go down on bullish reports.
    Market players' perception move shares up or down, not balance sheets.:cool:
     
  3. voigtstr

    voigtstr Well-Known Member

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    is 34 the support line for BHP?
     
  4. Tropo

    Tropo Well-Known Member

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    33.68 (imho).
     
  5. voigtstr

    voigtstr Well-Known Member

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    Alrighty, which date gives that then then then?
     
  6. Tropo

    Tropo Well-Known Member

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    Good one...hahahaaa...:D
    Ask Nostradamus.
    And if you get an answer - let me know. :p
     
  7. wdongli

    wdongli Well-Known Member

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    Why don't we know the date, time, and how much the up/down in price?

    Someone believe patterns tell everything about past and future. Actually it seems there are always somethings happen without notices.

    Pattern says the summer is in seconds but the market just pop up some unpleasant things to check your disciplines which is necessary for stopping the losses. Human is very easy to be confused. In the contradictory patterns between that today and last Friday, no preparing minds would feel pressure and paradox.

    ***
    Most of people don't have the capability to deal with this kind of situations. Why do you ignore the words? Do you have the experiences to wait for a email to confirm something and before the confirmation you just sit in idle irritatedly?

    However in the market it doesn't just irritate you but you really could not get confirmation before Mr Market wipes out your money or reward you, which make you very fearful, especially when your partner is your wife or husband.

    Bad consequences from your guess would hurt the relationship. So never be a partner of your lovers except they have better business minds than you and would like to take any consequences without blames. You are in paradox always as traders: You want to stop losses but you could worry you miss the price up too.

    ***
    So it is important that you don't ignore the truth and words which could not make you pleased. Do you think it would show your wisdom and disciplines when you ask some baby's type of questions? When would it reach at your lines in the chart? It is the question only God could answer!

    Read what happened in IT bust, when the hopes were beaten down to hopeless and desperation. Didn't have experiences in such bad things. Good news/bad news? It is after you!

    ***
    Why don't you let your mate feel better to give less irritating words and it really hurts the people's fragile feeling? It is not a pub just for mateship or friendship, even most of market players want forums as pubs, isn't it? Job is job and business is business. What is the job and business of this forum? A hard questions and it is after you!

    In my experiences to design the safety instrumented systems, if any risks can be specified in a well defined hazard area, the system usually could be designed and run as intrinsic safety one, otherwise the worst case must be prepared, the operational procedures and the risk senses of the operators would be extremely important to avoid the explosive case, and consequence mitigation and avoiding is the matter you have to think about.

    ***
    For quite long time, I had held sense or logic to build the fail-safe system but in the market I just ignored them. We all are very serious for our cash incomes since we pay too much efforts and times on them.

    Patterns in the past as anything in the past could be recognized easily but few really care about what stories behind the patterns. Some patterns had their fundamental and sentimental causes and the similar patterns could be generated by different causes.

    Most of us have not luxury time to put the efforts to know enough and then we unintentionally gamble to what we just simply are not deserved. Quick money is not devil, which I did want too.

    ***
    What the problem is we fail to get the quick money too quickly especial when the winding and breezes change their course quicker than the speed we stop the losses.

    Be sure you know that market could generate some very hazard times and events and no one could specified. A guessing type of market players usually are consumed in these times of the market. The more you guess the more you lose.

    The heart or gut for quick money usually is fragile. How many of failed stopping losses you could sustain? How much losses you could sustain but your partner could not?
     
    Last edited by a moderator: 7th Mar, 2012
  8. voigtstr

    voigtstr Well-Known Member

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    Well on one hand I was asking for your methodology for picking support lines. (My approach is just a rough "the line seems to bounce off this number a fair a bit")

    On the other hand you may have thought I was asking when we will hit that support line. Based on the last two days my guess is this week. I've got a stop at 33.43, percentage based, rather than support line or pivot point based. I'd prefer if it doesn't hit that mark and goes on to allow me to reset the stop much higher. But I don't care really as it gives me the chance to impartially sell out of positions when I've hit a stop, and then look at other stocks to trade in.
     
  9. wdongli

    wdongli Well-Known Member

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    We all believe we hold some holy grails in the market until they break down. After too many holy grails were broken down we start to challenge the holy grails, change ourselves or choose to leave or sit at the sideline.

    Who believe they would be losers in the market at the first few days or months or even years? Anyway the salaries are still be able to use for compensating the losses in years until we thought the total losses are too much.

    Fully understand all of the reasons why so many people put their trusts on such a simple and valid tool for profit/losses. If too complicated, we don't have the time to know how to use it.
     
    Last edited by a moderator: 8th Mar, 2012
  10. Tropo

    Tropo Well-Known Member

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    Aha...Now you're talking.
    Basically, chart is telling me where support and resistance is, so I am using technical stop which is always set under support line.
    Another component is a time. If after initiating a trade, instrument does not move in the "right" direction (in specified time frame), I exit a trade - even if my stop is not hit.
    Trying to guess when support line can be hit, is like trying to pick top or bottom. It's a pure speculation.
    There is nothing wrong with a percentage stop (some traders are using ATR).
    After all, If your strategy works for you, that's what matters.
     
  11. voigtstr

    voigtstr Well-Known Member

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    Thanks Tropo,
    Previously (well before getting jack of it and just "investing" rather than trading) I was using pivot points (in the style of Darryl Morley), but I was getting whipsawed out of positions due to volatility. I'm hoping that percentage based gives a bit more room for volatility. (obviously depends on the percentage, the article you linked recently, had a 12.5 % (or multiply the initial price (or new high) by .875 ) stop loss and I'll try that on MND and BHP.

    I now have to google ATR :)