31 replies to this topic

[tria]

 "Long trerm stop at zero" (0.00)

 

After the upcoming 1:10 reverse split the stop loss becomes what ? 10 x 0 = 0  ?

 

-tria - a nihilist -   

[tria]

GDX rising to about 23.50 today will most probably result in me to 'eat my dust'.

Small position of course and WITH a stop.

[SemiBizz]

Someone's exit is someone else's entry point.

 

Case in point here is the strongest hourly volume high by far on the GDX chart is final hour (65 min) on 4/20 - 23.52 high.

 

Strongest hourly volume low for DUST is 1.82.

 

High volume lows and highs love to be tested...

[tria]

Thank you for the follow up with numbers Semi, interesting day ahead.

[tria]

From some spare cash to DUST in the 1.79-1.69 range if offered.

Order will stand for today and tomorrow.

Small position. No stop for this week.

[dougie]

Interesting how the market makes being short here really uncomfortable

[SemiBizz]

Nothing interesting or unusual about it, it's a regular event, every time the F'ed meets the gold shorts get squeezed...

[tria]

Interesting how the market makes being short here really uncomfortable

 

I am long Dougie but not leveraged long and very comfortable with the long Gold Dec futures calls-short naked puts.B

 

BTW, taking an uncomfortable trade is usually the right/correct trade, you just don't watch the screen, place your stop and go to bed.

Edited by tria, 27 April 2016 - 01:06 PM.

[tria]

A viagra a day can't keep gold up each day, or so it seems.

Perhaps there is no more viagra pill left for Friday day.

Edited by tria, 27 April 2016 - 02:07 PM.

[SemiBizz]

No doubt, the bankers will step on gold like a used cigar butt before this is over...

 

In the meantime they still have to do some more mark up work on the broader indices