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GREECE
Nov 29, 2013 12:16:58 GMT -5
Post by maxi on Nov 29, 2013 12:16:58 GMT -5
If typhoon has a negative meaning then no. This is what is called a breakout.
I cannot even find "typhoon" pattern anywhere. Did someone here make that up?
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GREECE
Nov 29, 2013 17:12:14 GMT -5
Post by jacksrbtr on Nov 29, 2013 17:12:14 GMT -5
If typhoon has a negative meaning then no. This is what is called a breakout. I cannot even find "typhoon" pattern anywhere. Did someone here make that up? It's meaning is elusive I agree. Bull flags work best when the consolidation after the wide range bar is either horizontal or slanted down. A flag with the consolidation action floating up is a typhoon as I understand it. GL
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Post by maxi on Nov 29, 2013 17:26:50 GMT -5
Well that was the "wide range bar" so let's see where it goes from here... It just came out of the consolidation.....
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GREECE
Nov 29, 2013 18:06:35 GMT -5
Post by jacksrbtr on Nov 29, 2013 18:06:35 GMT -5
If typhoon has a negative meaning then no. This is what is called a breakout. I cannot even find "typhoon" pattern anywhere. Did someone here make that up? It's meaning is elusive I agree. Bull flags work best when the consolidation after the wide range bar is either horizontal or slanted down. A flag with the consolidation action floating up is a typhoon as I understand it. GL Clint is our resident typhoon subject matter expert - maybe he can shed some light on it for us....
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GREECE
Dec 2, 2013 9:46:37 GMT -5
Post by huh on Dec 2, 2013 9:46:37 GMT -5
I know I said that I wouldn't comment on the short term moves in NBG any longer...but I can't let this potential warning slide. Today's HOD was a perfect gap fill from the 10/22 high. I wouldn't be concerned about it had it backtested the gapping breakout over that bullish descending wedge. But since it didn't, could be setting up for a double-top instead.
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Post by huh on Dec 2, 2013 11:48:26 GMT -5
Were I able to short NBG, & assuming shares were available, would have shorted at 6.36 today for a LT target of $2. Stop at 6.52. 2.5% risk for 68% reward. If stop were hit, would never play it short again unless an obvious topping pattern appeared.
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Post by maxi on Dec 2, 2013 13:17:54 GMT -5
Were I able to short NBG, & assuming shares were available, would have shorted at 6.36 today for a LT target of $2. Stop at 6.52. 2.5% risk for 68% reward. If stop were hit, would never play it short again unless an obvious topping pattern appeared. YES DEAR.......
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GREECE
Dec 9, 2013 17:36:24 GMT -5
Post by maxi on Dec 9, 2013 17:36:24 GMT -5
Not 2 yet.....
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GREECE
Dec 9, 2013 17:47:22 GMT -5
Post by huh on Dec 9, 2013 17:47:22 GMT -5
Yep. Looks like I need to up that downside target...
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Post by huh on Dec 9, 2013 17:48:04 GMT -5
2.02.
Bwahahaha!
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Post by maxi on Feb 6, 2014 16:42:15 GMT -5
Bringing this thread back to use for NBG. Novi bought it yesterday at the day's low. The EXACT days low. Now up almost 10% Great trading Nancy! Congrats!
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GREECE
Feb 6, 2014 17:19:13 GMT -5
Post by jacksrbtr on Feb 6, 2014 17:19:13 GMT -5
Bringing this thread back to use for NBG. Novi bought it yesterday at the day's low. The EXACT days low. Now up almost 10% Great trading Nancy! Congrats! She's a smartie!
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GREECE
Feb 6, 2014 17:44:28 GMT -5
maxi likes this
Post by novie08 on Feb 6, 2014 17:44:28 GMT -5
Thanks guys, as you know, not really. I actually bought it on Tues. at 4.52, but as usual am holding...just figured it would get a nice bounce outta the ECB meeting. And low and behold! But it's a small pos and please, please remind me to take my profits! I just fall in love too often.
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Post by huh on Feb 7, 2014 9:41:27 GMT -5
NBG rocking it. See major resistances at 5.03 & 5.09 though. $5.03 is the backtest of a broken channel. Thanks Maxi. I hope that NBG breaks over that 5.10 resistance for you. If it does, could get a big move up. NBG HOD yesterday $5.03. HOD so far today $5.10. Was really hoping this would have gapped over that $5.10 mark.
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Post by huh on Feb 10, 2014 8:35:25 GMT -5
NBG looks to be finally gapping up over that resistance. Needs to hold that $5 area this time.
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Post by novie08 on Feb 10, 2014 10:19:05 GMT -5
Dipped to 5.02, but holding so far...fingers crossed.
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Post by huh on Feb 10, 2014 10:23:08 GMT -5
Dipped to 5.02, but holding so far...fingers crossed. 5.02 is the backtest of the break back up into the channel. Would expect it might blow some stops under $5, but don't want to see it lose that for more than a few moments. ...4.97 would fill the opening gap.
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GREECE
Feb 10, 2014 10:40:58 GMT -5
Post by novie08 on Feb 10, 2014 10:40:58 GMT -5
Looks like that will happen...
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GREECE
Feb 26, 2014 11:04:54 GMT -5
Post by maxi on Feb 26, 2014 11:04:54 GMT -5
Still hold 400 shares. Really haven't been paying attn. Should have been...
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Post by huh on Apr 14, 2014 8:38:33 GMT -5
Greece's recent bond sale was successful. But unfortunately for NBG longs, that gave NBG the courage to do an estimated $3.5B equity sale, something they've recently said they wouldn't resort to in order to fill their capital gap. NBG trading down more than 10% in response to the news.
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