Jump to content



Photo

It's a... bottom


  • Please log in to reply
6 replies to this topic

#1 Russ

Russ

    Member

  • Traders-Talk User
  • 5,380 posts

Posted 16 August 2018 - 11:38 PM

As my oscillator predicted the low would form about now, it is always +/- a day or two, and it was pointed at next monday. Notice it came down on much smaller volume than July, good divergence, this should be it, the bull flag should now break out of it's top channel next week. Kudos to Semi for calling almost the exact number low, even if he thinks it's going lower still. ;)


"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/

#2 gannman

gannman

    Member

  • Traders-Talk User
  • 4,641 posts

Posted 17 August 2018 - 07:52 AM

I think we rally up to about 118 on gld and then drop again fwiw
feeling mellow with the yellow metal


#3 Russ

Russ

    Member

  • Traders-Talk User
  • 5,380 posts

Posted 17 August 2018 - 08:18 AM

I think we rally up to about 118 on gld and then drop again fwiw

 

That would be good, longer term this can go down lots more, maybe even 875 gold.


"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/

#4 SemiBizz

SemiBizz

    Volume Dynamics Specialist

  • Traders-Talk User
  • 22,813 posts

Posted 17 August 2018 - 09:04 AM

GLD 111.50 support test here, then we see.


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics


#5 SemiBizz

SemiBizz

    Volume Dynamics Specialist

  • Traders-Talk User
  • 22,813 posts

Posted 17 August 2018 - 10:24 AM

GLD 111.50 support test here, then we see.

 

This could be your turn back up right here... 3 min "spike down" test and bounce off of it on STRONGER 3 min Volume... 3 min is a small timeframe, now we need to see what it will look like on 30 min, hourly etc...See how important it is to know support and resistance?  I couldn't trade without it.

 

gld081718min3.thumb.JPG.e8be1ff67d4addcf


Edited by SemiBizz, 17 August 2018 - 10:28 AM.

Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics


#6 Russ

Russ

    Member

  • Traders-Talk User
  • 5,380 posts

Posted 17 August 2018 - 11:50 AM

 

GLD 111.50 support test here, then we see.

 

This could be your turn back up right here... 3 min "spike down" test and bounce off of it on STRONGER 3 min Volume... 3 min is a small timeframe, now we need to see what it will look like on 30 min, hourly etc...See how important it is to know support and resistance?  I couldn't trade without it.

 

gld081718min3.thumb.JPG.e8be1ff67d4addcf

 

Looks good.


"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/

#7 Russ

Russ

    Member

  • Traders-Talk User
  • 5,380 posts

Posted 24 August 2018 - 12:11 PM

Here's the chart that predicted the low and now we are getting the breakout.... gld%2Blow%2Baug.%2B21%2B2018.JPG


"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/