Gold
Gold tagged the bottom of the rising channel. So far buyers came in to the tee. Will see how the rest of the day goes. If this does not turn gold around, then we will be looking at much lower prices.
Gold
Gold tagged the bottom of the rising channel. So far buyers came in to the tee. Will see how the rest of the day goes. If this does not turn gold around, then we will be looking at much lower prices.
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2019 IS350 AWD
20xx NX350 AWD
Whoa, my 15.49 on JNUG hit lol. I'm back in the leveraged miners again.
good pickup if gold turns around here for goodThis quote is hidden because you are ignoring this member. Show Quote
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2019 IS350 AWD
20xx NX350 AWD
normally PM gets the short end of the stick, its nice to see it do the opposite for a changeThis quote is hidden because you are ignoring this member. Show Quote
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2019 IS350 AWD
20xx NX350 AWD
I fucked up last week and bought them at $1.99. Now I'm long. Totally misread that. Figured after trading was halted it would spike. Woops.This quote is hidden because you are ignoring this member. Show Quote
Found the wallstreetbets guy. I made $$$ on JNUG in Dec.This quote is hidden because you are ignoring this member. Show Quote
Gold needs to hold yesterday's low or the good reversal will be all for nothing
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2019 IS350 AWD
20xx NX350 AWD
Natgas
after playing the 2.55 to 3.00 bounce and 2.75 to 3.19 bounce. didnt want to touch anything above 3.2 given it's wild swings. Sure enough, while bulls were laughing all the way to the bank when it was over 3.40, it was clearly marked for death. a 5 waves sequence with an extended 5th wave. Now it is coming down pretty hard. given its record, I think opportunity lies when price backtest the red neckline (until it breaks up or down)
Might try this again if natgas can give us <3.00
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2019 IS350 AWD
20xx NX350 AWD
Weed
Price broke the Jan 12 low. while not every MJ stock is exactly the same, but I think Weed paints a pretty similar picture for most. this is a clear H&S shoulder breakdown, unless price quickly reverses and maintains above the neckline. the longer it lingers below it, the more sellers will come in and the possibility of price reaching back down to the previous trading range of 16-22 will be on most sellers radar. A gap around 24 will be filled first.
Trading these breakdown or breakout are never easy because they only have about a 60-70% success rate. You cant ignore them but you cannot depend on them fully as well which makes it very difficult to trade. Wiser traders will exit and wait for either A). price to drop significantly and buy back. or B) see if this breakdown becomes a head fake and buys back on the next swing low or trendline breakout with stops. I guess there is the C) just turn off your monitor and come back in a few months.
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2019 IS350 AWD
20xx NX350 AWD
HIVE.TO down 13% today, broke the 21 day MA. Have a buy order in at $1.75 think it will touch down that low?
I suspect it's the markets reaction to FUD (South Korea) and real reaction to USD Tether (if the auditors departure was related to it not being backed 1:1 to USD)
Might be a good buy today, but markets reward patience sometimes too so I'm waiting on the sidelines.
Last edited by Chandler_Racing; 02-01-2018 at 11:37 AM.
anything is possible, I have always wanted to see the 1.6-1.7 area reached as the low side of the target. The frustrating grind for months has even gotten the best of me. I may add a bit more if we ever get that lowThis quote is hidden because you are ignoring this member. Show Quote
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2019 IS350 AWD
20xx NX350 AWD
The heck just happened to miners...
gdx alt count
I would expect some strong action in the miner given gold's reversal yesterday, sadly it isnt moving like it should so an alt count could still see miners drop down into another 5 wave sequence down to the 22.5 area after it establishes a wave b bounce higher.
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2019 IS350 AWD
20xx NX350 AWD
What are you using to buy/sell/track your stocks?This quote is hidden because you are ignoring this member. Show Quote
Investing.com app is excellent for my needs for tracking on phone. I keep a small browser window open if I'm on a desktop during the day if I have the time to monitor my watchlist.This quote is hidden because you are ignoring this member. Show Quote
To buy/sell, I just use my Canadian bank's TFSA as my trading account for short term investments.
GG gold. What a POS.
Interesting that market is killing MJ stocks, lumping them with Crypto bubble.
As well, US weed operators are getting killed. But in reality, US weed stocks are really low risk but the media has hyped it to epic proportions and everyone's afraid.
But really it's probably more safe to invest there than in Canada which is way over saturated for the population we have.
wtf going on this week. weed stocks murdered, google down 6% today. I see blood everywhere. Should I be calling suicide hotline?
Instagram: aka_drinkawaythepain
Best to stay on sidelines and be mostly cash in situations like these as Silver pointed out.
I was thinking about HMMJ but now just watching and waiting till bloodbath subsides a bit. Would be funny if it went back to 10
gdxj
using this instead of gdx, clearly no wave (b) bounce, this is now my prefer count we are wave (c) in full force. for now I want to see the backtest hold and a clean 5 waves down. I will have more confident if we can see stability for the next few days around the current area
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2019 IS350 AWD
20xx NX350 AWD