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Near term patterns bullish?


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#81 senorBS

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Posted 16 October 2018 - 12:38 PM

 

went flat with nice gains, at resistance and would rather re-enter on strength, watching UUP VERY closely as it either bottoms at this 25.2 area or accelerates sharply lower IMO, I am now only a TRADER here FWIW and as always DYODD

 

Senor

Bueno trading Señor.

 

Gracias, this could be an abc up in a lot of stuff, or this could be a modest consolidation and we go higher, I can see it either way as well, I do currently "lean" to the bullish case but I want to watch this pullback closely to either get back in or leave it alone. Perhaps we are just doing a near term correction to gap fill JNUG at 9 and some other stuff a bit lower as well

 

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Edited by senorBS, 16 October 2018 - 12:40 PM.


#82 dougie

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Posted 16 October 2018 - 02:07 PM

interesting juncture here but lots of time IMO. No need to stake any strong claims and your trading is as always on the money



#83 crossd

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Posted 16 October 2018 - 02:20 PM

senor...i'll go with an a-b-c from the Sept lo..correction in an ongoing gold bear

 

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#84 senorBS

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Posted 16 October 2018 - 02:26 PM

added a couple modest trading positions into those expected gap fills, rather tight stops, TRADER HAT in on

 

Senor


Edited by senorBS, 16 October 2018 - 02:26 PM.


#85 senorBS

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Posted 17 October 2018 - 10:40 AM

been using weakness in miners this morning to add modestly to long trading positions, keeping it modest/cautious for now

 

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#86 senorBS

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Posted 18 October 2018 - 08:58 AM

added a bit more on weakness this mornin, as always DYODD

 

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#87 senorBS

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Posted 18 October 2018 - 10:33 AM

correction looks done as GDX and HUI not very far from new rally highs, so far so good, that was a very shallow correction which I view as  bullish

 

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#88 senorBS

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Posted 18 October 2018 - 10:43 AM

so quiet here. I am interested if anyone else is actually long here and with what percent? I am currently about 55% long

 

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#89 Smithy

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Posted 18 October 2018 - 11:19 AM

Sure, I am about 50% long in my trading account.



#90 dougie

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Posted 18 October 2018 - 12:24 PM

Senior you went from Flat to 55% long in a 24-hour period proving that you are far more nimble then most of us meanwhile if we take off from here one would have to guess we're in a 3 of 3