18 replies to this topic

[Kimston]

Sorry, but I don't bother to post real-time while trading. I bought Mar 2012 and Jan 2013 puts on GDX this morning. Looks like a five wave wedge over the last few weeks finished with the spike this morning. That wedge looks like part of a larger wave structure that is completed as well. HUI hit major price target precisely on today's high. Stop is 5 points above today's high.

The expected dollar rally should put significant pressure on the metals and miners in the months ahead.

http://www.traders-t...howtopic=133544

Kimston

[dougie]

thanks Kimston! How did you derive that major price target?

[senorBS]

Sorry, but I don't bother to post real-time while trading. I bought Mar 2012 and Jan 2013 puts on GDX this morning. Looks like a five wave wedge over the last few weeks finished with the spike this morning. That wedge looks like part of a larger wave structure that is completed as well. HUI hit major price target precisely on today's high. Stop is 5 points above today's high.

The expected dollar rally should put significant pressure on the metals and miners in the months ahead.

http://www.traders-t...howtopic=133544

Kimston

si amigo Senor agrees with you, grande diagonal triangle fifth wave could be el completo in HUI, bueno luck on your puts

BSing away

Senor

[dougie]

so far nothing but a 3 wave move down: complete abc would be one read.

[Kimston]

Well, obviously this trade was early, which is a fairly common problem I have. This is probably a bad idea, but I'm adjusting my mental stop to a close above 235 basis XAU. The high on 12/7/10 was 232.72 - very close to fib number 233. That area is important based on other price projections as well. If I find some time later, I'll post a chart of what I'm looking at. Kimston

[dougie]

thanks Kimston!

[stubaby]

Kimston:

http://stockcharts.com/c-sc/sc?s=$XAU&p=W&yr=4&mn=0&dy=0&i=p04556165740&a=183376213&r=800.png

stubaby

[senorBS]

Kimston:

http://stockcharts.com/c-sc/sc?s=$XAU&p=W&yr=4&mn=0&dy=0&i=p04556165740&a=183376213&r=800.png

stubaby

LOL this is muy interesting, what you count as a wave Uno Senor counts as a grande rally ending, rather differing interpretations. let the luckiest hombre win!

NO BS

Senor

Edited by senorBS, 12 September 2011 - 11:05 AM.

[dougie]

Well senor: that is what makes a market! But if that wave 1 is grande ending, where is the impulse down off the top?

[senorBS]

Well senor: that is what makes a market!
But if that wave 1 is grande ending, where is the impulse down off the top?

Senor meant wave cinco ended last week and now a grande decline begins, we see

Senor