Edited by SilentOne, 31 August 2010 - 09:19 AM.
Gold
#1
Posted 31 August 2010 - 09:17 AM
#2
Posted 31 August 2010 - 09:34 AM
cheers,
john
#3
Posted 31 August 2010 - 10:39 AM
#4
Posted 31 August 2010 - 11:10 AM
#6
Posted 31 August 2010 - 12:12 PM
#7
Posted 31 August 2010 - 02:26 PM
Thanks for the posts, guys. Very helpful and nice charts.hi stubaby,
Having invested in and played this sector for the last decade, I have yet to decide what is more difficult ... the buying part or the selling!
GL/GT
cheers,
john
John:
Been using RGLD as a proxy for near-term action FWIW:
RGLD
stubaby
I'm paying attention to the upper and lower Bollinger bands in this sector for context on which side to be on. That is, give me a black or red candle on the upper Bollinger and I want to try to be short, a white candle on the lower Bollinger and playing the game long.
I got an intraday sell on GDX about an hour ago which is a hint to me that the short side might be close.
http://stockcharts.c...2636&r=9808.png
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#8
Posted 31 August 2010 - 11:55 PM
#9
Posted 01 September 2010 - 07:49 AM
John: i am confused: if it is not a top call why would you exit CORE positions, not trading positions?
dougie,
How about that old 4 letter word: RISK?
HUI 500 - 510 is resistance. How many times have we been here in the last 3 years?
I have a short term target for gold of 1275 -1280 if new highs are made short term. That's a 2 - 3% upside.
My cycles are off and I'd still like to see a 15 week cycle low setup.
Many star gazers are bearish short term.
We have a major cycle low ahead for gold and silver. This is a 27 month cycle or mid 4.5 year cycle. This is likely due before yearend.
So I don't know. When I'm unsure, I step back.
My strategy has been to buy 15 week cycle lows this year and sell into resistance. A conservative strategy that has worked well for me.
That's it I guess.
GL/GT
cheers,
john
Edited by SilentOne, 01 September 2010 - 07:50 AM.
#10
Posted 01 September 2010 - 08:48 AM
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."