Jump to content



Photo

Mooncake Day Top


  • Please log in to reply
68 replies to this topic

#1 punter

punter

    Member

  • Traders-Talk User
  • 1,800 posts

Posted 11 September 2019 - 09:03 PM

13th Sep, 'Friday the 13th', is also Mid-autumn festival in Asia, end of the harvesting season. Also commonly known among younger crowd as 'moon cake day', savor with tea while admiring the full moon.

 

Looking for a top.

 


Keep Calm and be Long

My opinion on markets, or anything, is a health hazard. Follow or fade at your own risk!


#2 punter

punter

    Member

  • Traders-Talk User
  • 1,800 posts

Posted 11 September 2019 - 10:48 PM

My playbook is a low near end of sep, MOMO up move in Oct. Some kind of trade war truce.

V long term, I see earthquake in Asia politics. Demise of KMT in Taiwan, rise of new party, creation of a Chinese federation. A free trade zone comprising of greater China, Japan and a new Korea. It will be a trader's wet dream.

There will be a big fight no doubt about it. Island strategy versus ocean strategy.

Don't be deluded, it is never about democracy or religion. Only interests matters.

I see break out upwards for gold tomorrow.

Edited by punter, 11 September 2019 - 10:58 PM.

Keep Calm and be Long

My opinion on markets, or anything, is a health hazard. Follow or fade at your own risk!


#3 punter

punter

    Member

  • Traders-Talk User
  • 1,800 posts

Posted 12 September 2019 - 02:19 AM

https://www.scmp.com...h-western-buyer

 

it means the battle for 5g is already won and over. waiting for new unicorns of a different kind to come into the open next year.

 

also waiting to buy the huawei mate 30 pro.


Keep Calm and be Long

My opinion on markets, or anything, is a health hazard. Follow or fade at your own risk!


#4 punter

punter

    Member

  • Traders-Talk User
  • 1,800 posts

Posted 12 September 2019 - 09:14 AM

I cash out on sp long, not much room left to run, in my view. keeping gold short, estimating a retest of the lows today tomorrow. I mentioned a few days ago that there will be a few days of flat trading before gold bottoms out.

 

let's see how it goes tomorrow. I know very well I won't make it as a weathermen.


Keep Calm and be Long

My opinion on markets, or anything, is a health hazard. Follow or fade at your own risk!


#5 opinionated

opinionated

    Member

  • Traders-Talk User
  • 4,796 posts

Posted 12 September 2019 - 02:02 PM

Thanks for sharing,

 

I have had a SLV position for a few days under water and broke my own rule and added to it today. I am shocked/concerned how the metals gave up all overnight strength.  But from what you said it was expected.  Why?

 

Best



#6 punter

punter

    Member

  • Traders-Talk User
  • 1,800 posts

Posted 12 September 2019 - 07:32 PM

Thanks for sharing,
 
I have had a SLV position for a few days under water and broke my own rule and added to it today. I am shocked/concerned how the metals gave up all overnight strength.  But from what you said it was expected.  Why?
 
Best


Bcos I am looking for one more bounce on indices before correction. So gold still flat before up.

Keep Calm and be Long

My opinion on markets, or anything, is a health hazard. Follow or fade at your own risk!


#7 punter

punter

    Member

  • Traders-Talk User
  • 1,800 posts

Posted 12 September 2019 - 11:38 PM

At this point, the Chinese Communist are more trustworthy than white house. Looking for some wishy washy statements next week.

And I certainly dun trust wall Street. Looking to them to bring it down to load it up.

I also think this wave up into year end is for long term holder to lighten up. It is a long accepted notion now that Asia and west are going for decoupling. After 400 years of an unfair relationship, it is time to breakup.

Edited by punter, 12 September 2019 - 11:41 PM.

Keep Calm and be Long

My opinion on markets, or anything, is a health hazard. Follow or fade at your own risk!


#8 punter

punter

    Member

  • Traders-Talk User
  • 1,800 posts

Posted 13 September 2019 - 02:19 AM

looking likely that final top is a mon or tue instead of mooncake day. must be the mooncake recipe from grandma.....

 

still holding on to some stocks here on Asia. Long that is. And still have gold short.....


Edited by punter, 13 September 2019 - 02:21 AM.

Keep Calm and be Long

My opinion on markets, or anything, is a health hazard. Follow or fade at your own risk!


#9 punter

punter

    Member

  • Traders-Talk User
  • 1,800 posts

Posted 13 September 2019 - 03:10 AM

looking likely that final top is a mon or tue instead of mooncake day. must be the mooncake recipe from grandma.....

 

still holding on to some stocks here on Asia. Long that is. And still have gold short.....

 

have to add that while I am holding gold short, this trade is a small position and has limited leverage. So even though I have been relatively accurate in trading gold, I have also been reducing exposure as I move towards my target. Which was my point last week that nobody who I knows keep large, open and leveraged positions through out all their trades. So even if one has a perfect record, it is very difficult generate theoretical billion dollar return in short time, without taking on excessive risks.

 

this is also what I alluded to when I said 'nobody trade targets'; i.e. don't become someone else's target. 'A fisherman always see another fisherman' Gordan Gecko


Edited by punter, 13 September 2019 - 03:18 AM.

Keep Calm and be Long

My opinion on markets, or anything, is a health hazard. Follow or fade at your own risk!


#10 opinionated

opinionated

    Member

  • Traders-Talk User
  • 4,796 posts

Posted 13 September 2019 - 06:40 AM

So, as I understand nothing technical just gut feeling?

Gotcha

😯