GXY 0.00% $5.28 galaxy resources limited

This thread was created specifically to accommodate traders and...

  1. 3,325 Posts.
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    This thread was created specifically to accommodate traders and their short term TA because the other TA readers were finding it difficult to sort the long-term TA from the huge volume of intraday TA and the discussion volume those of us who work in very short cycles generate on a daily basis. As a courtesy those of us that work on intra-day TA spans cooperated and moved our work to this thread. For longer term TA you should frequent the Charting thread, for FA you would frequent the banter thread. Some days it will be going up and we will naturally be discussing rising prices and projections and exit points, some days it goes down and likewise we will be discussing falling prices and entry points. As we are more likely to be traders than not we will also be discussing sales.

    I have yet to encounter any shorters in this group we are virtually all longs, most if not all are both long term holders and traders and most have been GXY holders for many years. We are, by nature, realists however: we know the SP will both rise and fall and accept both.

    As we have demonstrated time and time again what happens on HC has no effect on SP for GXY (or our posting our entry and exit targets would not work) - the institutions are just too dominant, but where we do sometimes have an effect is at the bottom of the plunge when the institution traders have backed off and are waiting to see which direction it will take, and where on a number of occasions we have triggered the reversal and the rise back up with precisely timed purchases at high volumes (eg the last plunge). I know this because I have done it on a number of occasions with GXY alone. You should be glad that GXY has such a healthy cashed up trading community because we have stopped the fall on a number of occasions. Mostly we can't impact a thing, but once or twice in a cycle we can and it is always on the buy side. We also get it wrong by coming in too early and then we just get wiped out - so it is understandable that we want to discuss it with each other. If we all agree on an entry point during the fall and all come in together we are more likely to have the volume to influence the algorithms and save the SP from falling further for the long termers.

    There is little point in whinging about the traders: there just aren't enough of us; - save it for the institutions that manipulate your shares making it possible for traders to make a living doing this.

    In any case, this is a short term TA trading thread. It is going to have good days and bad days, SP wise. Don't read it expecting us to be up-rampers full of happy starry eyed stories about a mega-rich future - we are looking maybe one or two days out at most, and usually only a few minutes or hours. We embrace change and uncertainty as the only certainties in life. This is not a comfortable place to be if you don't like shifting sands.

 
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