Hi Soccer,
Lol, whilst I appreciate being mentioned here in esteemed company, I'm here to learn from the experienced posters like Jako, Incongrous, Melanova, Beany and others as well, in awe of those with the obvious years of experience I'd hope to have one day as well, always learning
I had a look at OFX and included my chart below, open to commentary or any constructive criticism as always. After a solid distribution I see accumulation since October last year over 2 Trading Ranges, the larger being the dominant one and the potential second developing since the shakeout of the first. I'm enjoying delving deeper into these smaller timeframes and seeing similar structures developing inside larger ones, or even the opposite, seek and ye shall find once you know what to look for. Looking good so far, nice pick, I'll include it in my list
Been watching SMN develop over the last month as I have it on my Wyckoff list, charts I feel to be following the Accumulation or Distribution Phases well, as not all do. I am trying to stretch my understanding into some of these others that don't conform as well, watching how others more experienced do it, and practicing my own and watching them play out. I was watching this one, not trading, with the expectation of a shakeout happening here on the longer term structure and have been quite surprised at the outcome so far, I would have bought in yesterday and be feeling pleasantly rewarded today, easy to say in hindsight but it does fit the expected larger timeframe structure, to date at least appears to be fulfilling Phase C. Of course caution required for another lower high developing around $1.50 to be seen but interested to see if the bigger structure dominates what appears to be a smaller structure of distribution to the left. Maybe a lower high will play out in line with said distribution but also be followed by a LPS into phase D of larger Accumulation (a higher low in accumulation) before pushing higher.
Celebrated our 21st anniversary yesterday, I've included our wedding song below, how time flies, kids are almost not kids anymore, ones getting all the same driving infringements I used to get, lol, can't keep up this physically demanding work for ever, hoping one day to subsidise some of my income using some of the skills I'm gradually developing, no hurry though, all good things take time, and I do intend on this being a good thing
Enjoy, HF
