Think silver is going on a run too??
Think silver is going on a run too??
Houston we have lift off.
Gold targeting to the confluence target with this breakout in the coming months to 1500 is very much under way. It would be good to look at silver play as it tends to play catch up. If there is any sort of decent correction/dip I will scale back in some leverage play.
edit: Gold needs to Gap'N Go within the next hour or so, the longer it stays sideways, the higher the chance we could have a short term topping and need a few days to correct. I welcome the latter as I will continue to scale in on good dips.
NIO/NBEV both looking good off the low so far. Will continue to hold.
Natgas, looks like the pattern ABC for a lower low unfolded. added to UGAZ this morning at the open.
Last edited by SilverRex; 06-20-2019 at 08:08 AM.
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Last edited by Sugarphreak; 08-18-2019 at 05:12 PM.
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That is a tempting to get into. I think Slack could be a big player in the future (more than they already are)
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Last edited by Sugarphreak; 08-18-2019 at 05:12 PM.
SilverRex - Thoughts on GPL? They have had a couple runs, worth jumping into longterm?
"Speed has never killed anyone, suddenly becoming stationary… That’s what gets you."
If gold breakout is real and we are onto 1500, all PM will move. I've been in and out of GPL, no position right now, my main silver play is usa.to. key is to spread out your position. if you dont want to think, then look at siljThis quote is hidden because you are ignoring this member. Show Quote
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Might start a ugaz position.
Reposting this for anyone who wants to look at the big picture. we are half way there. Even if we hit 1500, gold could still be remain in a much larger bear market. Bulls will want to reach the target blue box and bears will want to short that area for the next multiyear cycle heading to new lows to begin. The low risk setup has always been when gold remains trading under 1300 which has now came and gone. If there was another good buying area it will be to see gold back test the breakout line which depending on how to connect the highs, the min is at 1350.This quote is hidden because you are ignoring this member. Show Quote
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Gold
At this very moment, Gold has officially confirmed large degree breakout. Everyone dip should be an opportunity for the coming weeks perhaps even months. With negative divergence the first daily cycle should be coming to an end as we head towards a DCL (daily cycle low), the most logical place buy zone is a backtest of the 2016 high at around 1370-1375. I will scale into PM if I see this area reached.
2nd buy zone is between 1333-1350 which I actually do not prefer. Some of my other charting buddies do suggest if we get down to this area, then the rally is dead, but I am willing to hang on just because of my obsession with the yellow metal. My own breakout line pegs it around 1346.
3rd zone (red) is trouble which tells me the breakout was another fake one, falling knife begins. Opens up the opportunity to back test the 1260 area or lower.
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Last edited by Sugarphreak; 08-18-2019 at 05:12 PM.
That's why I don't even really like owning it. Not going to make any good money unless the stock goes to like 3600$. It's definitely more of a long play as Amazon slowly takes over the world.This quote is hidden because you are ignoring this member. Show Quote
Kicking my ass that I was about a half hour late getting my order in for Pembina the other day. It was down below 48$, which is a great place to catch it for a quick turnaround. Sure enough the next day it was back up to 49$.
Anyone play the DowJ? Ever since Trump became president it seems to swing like clockwork between 25000 and 27000. Sitting at 26,800 right now, seems ripe for a short position.
Spidey senses are tingling for a nice run here. Decided to load up..
SU
TRI
PEY
GILD
BNS
SLF
PEY always tempting hahaThis quote is hidden because you are ignoring this member. Show Quote
If you don't mind me asking, what is your normal stock strategy? Are you hoping for a 5% increase and sell? 10%? Or is it something different entirely?This quote is hidden because you are ignoring this member. Show Quote
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Oil
For this whole year, the larger ABC count has not changed. I am still expecting a wave C under the Dec 2018 Low. Given it still looks like just a 3 wave to the down side after topping out on wave B up. If you are an intraday trader, then I will watch carefully on 54.13 to the downside or 60.15 to the upside. For oil to remain bullish, 54.13 must hold, otherwise the resumption of the decline continues. if in the off chance it can close above 60.15, then I would say the alt count of a more drawn out 3-3-3 to the upside for wave B will be targeted. Even with this, I am still expecting another major decline in the future, it is more or less drawn out/delayed by all the surrounding tension and news with whats happening in the oil sector lately.
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Scalped JNUG $0.25 tee-hee. Been a while since I played 3x miners.
Normal strategy is just doing a ton of upfront research, finding the stocks I like, following them for a good entry and holding for a while. I usually track about 20-30 stocks in an excel spreadsheet I like and input some quarterly financials and update them as releases come out. I'll monitor the trends and invest into the ones I think are moving in the right direction.This quote is hidden because you are ignoring this member. Show Quote
I would say that is the basis for about 70% of my portfolio. The rest I would consider high-risk and take a totally different approach for nearly every trade.
Dunno if that helps at all..
NBEV
Ever since it made new lows and I opened 1 position and so far getting a good bounce off of it. Now it is in a critical moment, I would like to count this as wave 2 ending and a big run up is about to begin. If price comes down lower enough and knocks me out at my entry price @ around 4.3x, then I will have to exit and expect further weakness.
NIO, its in a similar patttern imo, except my position in much smaller.
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