56 replies to this topic

[stubaby]

Could well be
Seems to me though it shouldn't be too easy to let folks in

I think the last 3 days is moving some weak holders (BULLS and BEARS) out, as frustration builds.  And I see UP then DOWN or was it DOWN then UP - see what I mean!

 

Edited by stubaby, 12 August 2016 - 01:44 PM.

[SemiBizz]

All we have done is wiggle under the high, those are tradeable wiggles though...

 

Traders don't have any frustration with this action, they get in and get out.

 

The frustration comes for the bagholders on either side of the trade... sideways wiggles don't help them at all.

 

There's no profit, and holding a risk without a profit either short or long is a dangerous proposition.

 

We don't get into these things expecting no return...

 

Right now the last high at 1377 still in play, proximity to the target...

 

The last high in the XAU at 115.21, still in play.

[tria]

All we have done is wiggle under the high, those are tradeable wiggles though...

 

Traders don't have any frustration with this action, they get in and get out.

 

The frustration comes for the bagholders on either side of the trade... sideways wiggles don't help them at all.

 

There's no profit, and holding a risk without a profit either short or long is a dangerous proposition.

 

We don't get into these things expecting no return...

 

Right now the last high at 1377 still in play, proximity to the target...

 

The last high in the XAU at 115.21, still in play.

 

That's a  relief, because a pallbag holder called me and sounded a bit frustrated to say the list.

 

I reassured her not to worry one bit.

 

Its only a wiggle and she has volume and size on her side.

 

She believed me and asked me to take her for a drink over this long but very windy and cool Greek weekend...

 

Edited by tria, 12 August 2016 - 03:44 PM.

[tria]

The post below was meant to be posted here and not my post above, sorry.

 

Posted Yesterday, 11:29 PM

I am afraid that I can't say anything more intelligent than say that the winners are those people at the beach.

 

Another  trading range week we are facing imo and not much worth trading it. 

 

Given the slightest opportunity my partial short hedges may/will be closed.

[SemiBizz]

Yep, it's a beachcomber paradise in gold...

 

nobody buying, just chipping away at higher price

 

nobody selling either.

 

Just looking at the hourly chart, the longer it stays here just under this 1360 and zig zags sideways, the more likely it is we'll get another big spike up to test the high... See the real estate overhead 1360 is in a volatile TOXIC PRICE ZONE -

 

overall daily in a wedge, so we should get resolution pretty soon...

[dougie]

GDX sitting right at gap fill from April 2013

[tria]

I am selling Semmi but sellind DUST.

 

Just sold another 1/3rd of my DUST hedges @ 5.02  for a 10% profit again.

Edited by tria, 15 August 2016 - 01:22 PM.

[tria]

I think the August Gold low may have moved to the end of next week, 75% chances.

 

Just returned from the beach and digged up this chart of unknown origin from my favorites list

for your the cyclical students.

 

 

 

 

 

[tria]

I think the August Gold low may have moved to the end of next week, 75% chances.

 

Just returned from the beach and digged up this chart of unknown origin from my favorites list

for your the cyclical students.

 

A quick look shows only one inversion, I think.

 

Edited by tria, 16 August 2016 - 08:39 AM.

[SemiBizz]

Aug 17 2:00 PM FOMC Minutes...

Edited by SemiBizz, 16 August 2016 - 09:19 AM.