Edited by tria, 04 October 2015 - 05:57 PM.
I wil do some selling in the $1,150+/-2 area
#1
Posted 04 October 2015 - 05:55 PM
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
#2
Posted 04 October 2015 - 08:17 PM
How and what are you basing this on, because as a chartist, it is THE most reliable of any or all geometric patterns.Of all the major classical chart patterns, the symmetrical triangle is the least reliable.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
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#3
Posted 05 October 2015 - 05:05 AM
On my personal experience Fib, nothing more. Perhaps I have seen one too many that failed to keep their promise so I keep some distance...How and what are you basing this on, because as a chartist, it is THE most reliable of any or all geometric patterns.Of all the major classical chart patterns, the symmetrical triangle is the least reliable.
Fib
In conjuction with volume analysis however or other technical indicators to confirm, its reliability does increase exponentially.
-tria
Edited by tria, 05 October 2015 - 05:06 AM.
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
#4
Posted 05 October 2015 - 07:50 AM
As with any or all geometric patterns, the daily volume data is needed to not only confirm the structure, but this important insight to the supply and demand factors that control such structures is needed in order to separate it from either being a continuation or a reversal pattern (the only pattern, by the way, that can go either way).In conjunction with volume analysis however or other technical indicators to confirm, its reliability does increase exponentially.
In any event, symmetrical triangles are about 90% accurate in their forecast, but it's the volume component that allows us to know the likely direction of the break.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions
#5
Posted 06 October 2015 - 08:53 AM
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
#6
Posted 06 October 2015 - 09:03 AM
johngeorge
#7
Posted 06 October 2015 - 10:14 AM
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
#8
Posted 06 October 2015 - 11:40 AM
The October OPEX on 10/16 looks non-malignant.
The November one on 11/20 has a problem with the Nov calls, strike-110
It has an OI of 14K, a rather large number relative to other calls or puts strikes (just a few hundreds).
The December opex on 18/12 has a very big problem with the Dec calls, strike-110 as well.
It shows a huge OI of about 52K.
Bottom line is that I will be pleasantly surprised if Gold closes much above $1,148.00 on 18/12 unless 52,000 Dec-110 CALL contracts expire in the noney and that I have to see to believe....
Maximum pain is usually being inflicted most of the times but this time may be different....
But what do I know?
-tria
http://www.google.gr...:...ct=c&ictx=1
http://www.google.gr...3...ct=c&ictx=1
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
#9
Posted 06 October 2015 - 01:42 PM
Edited by Russ, 06 October 2015 - 01:44 PM.
"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/
#10
Posted 06 October 2015 - 09:36 PM
Show me any new Palladium buying since late August, where is it?
I just can't see any price rise above and about the $730 level.
http://www.barchart....p;txtDate=#jump
-tria
Edited by tria, 06 October 2015 - 09:41 PM.
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky