pinkjackyle
Well-Known Member
good job , i like crap tables and the free drinks . 50$ on the boxcars plz
My gold thesis...And why looking for shorting oppurtunity....
- Thread starter WHODAT@THADOR
- Start date
WHODAT@THADOR
Well-Known Member
I'm a hold em fan myself
WHODAT@THADOR
Well-Known Member
Gold breaks down to 1160.00 today......
WHODAT@THADOR
Well-Known Member
Maybe run back to 1200.00 for a rsistance check?? Not sure my platform crashed yesterday and I am still gettin it up today
Actually I got a SP chart I been workin on I'll post later with some of my theories on that...Ultimately tho GC should see sub 1000.00 dollar levels and channel for a few years thats wnere I would become a buyer....JMO
WHODAT@THADOR
Well-Known Member
Well I see it like this....Theres bullish divergence on the 314M (pi) chart thats building a symetrical triangle that has broke out twice and has been sold off hard with little follow through.....1182's comes in at the 2.618 of the current price action (My little read dots) So.....If I was long @ 1182 I would split my position (AGGRESSIVE) with my Stop @ the current structure lows like 63's or 62'80 looking to unload part of a position @ 1182.00 and the rest @ 1197.00 which is the .382 retracement .....I currently have orders resting at the highs to go long and cover(stops) and below structure 1159.00's either way price has to PROVE to me it wants to go one way or the other.....
S&P I believe is going to 2230's with some kind of event @ the 2.618 big pink line the grid end of 2015 early 2016 this a 1.382 Rt 5 which goes to the 5.236 time ext as its end ...What happens at the end? Check out my CL chart......NOTE the confluence's in my S&P chart they are amazing pay Particular attention to the Vertical Lines and how price reacts as they mark TIME and the fib ext for time is the circles like the 2.236 catching the 09 lows exact...Current sell off came in at the 1.618 on the third now inching towards the 1.809.....I know all that sounds like gibberish but for 7 bux you can get a book called the elements of dynamic symmetry by J. Hambidge that explains it all on how to use the math.
Been shorting PA since the break of the macro up trend yellow line just didnt wanna argue w/ no drama and just added some shorts this afternoon with stops and reverse orders above highs on the day
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Harrekin
Well-Known Member
I understand what you're saying don't worry, I've been focusing on the fundamental side of things rather than the pure technical but I decided to give your way a shot for a while.
WHODAT@THADOR
Well-Known Member
I wish it was my way
Then I would own this site....hehehe.....The most important thing bro is consistency you have to have a trade you always take no matter what ....What platform are you using? What are your indicators you like as well? You trading everyday or just position stuff?
Hot Diggity Sog
Well-Known Member
Technical analysis is less than useless in a manipulated market...just saying. Also, try and not confuse "Paper" Gold with "Physical" Gold. Two very very different things. Paper heading to zero...physical heading north and by a lot. When? Wish I knew.
WHODAT@THADOR
Well-Known Member
What are you long and at what price?$SPX,ES,Options? ...... there is alot that goes into that equation But that's my Profit target,As for what it does the chart will give you idea's once it get's there it could burn it and go parabolic, or a true correction 20% or greater but I believe the trend will probably reverse or stagnate check the work of Constance Brown out..... But it has until the 2.618 Time ext on that above chart.....Also, as a note I would watch what price does around 2051.00's if it does not put in a resistance swing here to check support in 2010-2015 range .......I do not believe gold will ever see 400 again but it might Will have to cross that road when the data gets there.....depends on your time horizon what you wanna do with it Im thinking it goes into the 800-900 range
yesum
Well-Known Member
^^ I picked up some 3x etf shares of the s and p the other week, so I already missed the run up. Hoping for seasonality to kick in and end of year rally which is usual. Am considering unloading the gold that I got more recently and over paid, just take the loss and move on I guess. Hold the original stash for a rainy day.
At least you are honest that you have no idea when the next major move either up or down will occur, unlike Jim Cramer, hehe. I disagree that gold etf's will be worthless but real gold will always be more valuable.
At least you are honest that you have no idea when the next major move either up or down will occur, unlike Jim Cramer, hehe. I disagree that gold etf's will be worthless but real gold will always be more valuable.
WHODAT@THADOR
Well-Known Member
Well..to be honest it's not really about one big move or predicting it .....you just wanna catch the legs up or down the bonus is when you get a stellar run and capture it......Its not get rich quick its get rich a bit at a time by default it will grow Exponentially....IE you develop a consistent system that generates lets say 10k every couple month's trading one contract what do you do next?Add another Contract right? Then by default if your profitable you are no longer trading with your money your trading with there's .....and you just keep chugging along......I don't think to much of cramer either for every positive he has there are some serious negative's JMO....As for physical gold unless there is a whole collapse of the system PAPER will always dictate physical's price it might take awhile to filter out but thats how it is....I don't bite the manipulation either...... people are entitled to there opinion's but it's those opinion's that have kept them from making money "Profit's always take care of themselves, but losses never do"-J. Livermore
Hot Diggity Sog
Well-Known Member
Short paper gold and move profits into physical gold. This is not rocket science.
WHODAT@THADOR
Well-Known Member
Hows that long doin? SP closed .15 cents below 2051.95
Paper gold dictate's price of physical gold so why would I turn around and put my money long into an a asset that I believe has quite a bit more to go down? Even though it is tempting since gold is currently bouncing off of the .618 retracement of its entire parabolic move?
Hot Diggity Sog
Well-Known Member
Well...I will go on record by saying at some point...not going to say when, Gold will be priced at 5000, 50,000 maybe 500,000 in dollar terms. The GLD will be zero. And the comex will default and their fraud will be exposed. Gold is money. It's not an asset. It's not a commodity. If you don't think in those terms then don't even bother with it. If you think the dollar's collapse is escalating and it's days are numbered, then you surely want gold.
Hot Diggity Sog
Well-Known Member
Gold is money. Everything else is credit.
WHODAT@THADOR
Well-Known Member
What does any of that have to do with the price of egg's in china? Well, that is how I do think of it and I am interested in buying physical just not here unless price dictate's other to me.... You can buy wherever you want to for your reason's and boom now we have a market.....But your record is calling for a collapse of the whole financial and trading system
Hot Diggity Sog
Well-Known Member
That is correct. That is precisely what I think is going to happen...and it will be intentional. Not accidental and a shock like it will be to the tards on CNBC.