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Take a look at your daily charts....& draw it out...Gold diamond top is textbook.

You would think that these kings & queens of the HF world would be a bit more refined & saavy but when you read their wire tap conversations it`s almost disappointing & unprofessional to hear these insipid discussions. Rat was not part of the waspy & jewish "clubs" that get the preferential...

Interesting topping formations in metals....gold,silver & platinum...diamond topping patterns have served me very well over the years....locating a conservative entry should prove difficult for those looking to put on their shorts.

There was not a single sell signal here until the mondays close off the Osama/OBL closing candle on moday afternoon. i`ll give smurf credit here for being here & exposing himself to criticism...& even more credit if he were trading real presidents. watching for an inflection point at that NL.

My sentiments exactly....i would be tightening my trailer right around that level.

Luck has got nothing to do with it....hi close in conjunction with an IHS/explosive bullish pattern....big news events more often than not coincide & confirm the charts,helping them come to fruition....that close had gap north written all over it. There was not a single reason to be short in...

There`s your 63 print & hi close!

i was basing this off of the blow off top analysis from yesterday...obviously that was negated? more importanlty,you don`t have targets defined or R/R,risk reward scenario set....you`re basically dead in the water hoping for the best...i can`t think of a worse case scenario than NOT defining...

Surf You`re now 7 handles under water with you 53 entry acting as todays floor...PA doesn`t lie....see ya @ 63/66 target.. not trying to rub salt in your wound but am emphasising on the importance of stops...especially when trying to catch a turn...one of the most difficult tasks a trader...

There has been zero signs of a 'blow off top"....not even close! This is textbook consolidation for the next leg higher or an ERB.....one could make an argument for a spinning top/indecision depending on the closing candle. GL

It very well could be...2-tops usually provide a nice inflection/reactionary point on the charts.....this would actually be a good place to put on a small short position ...to see if the "reaction" turns into a significant move.....which it may....but off of powerful formations like a...

& that is why you will continue to get decimated by large moves against you while you pick up your nickels in front of freight trains & claim victory......1 losing trade will negate your 20 winning nickel trades & have you in the red in a blink of an eye. carry on,i enjoy your contribution of...

& your stop is located where just in case your 2-top doesn`t work out?........or do you not pay attention to those pesky little variables? if we bust the 2-top,we`ll see 63/66....which is the first magnet.

IHS all over the dailys & monthlys...freight train setups that have us sitting right on necklines like a peruvian necktie for those looking to put on their shorts.

+2...my sentiments exactly!

thanks for posting.

from someone whom used to make a mockery of technicals appears to have opened his mind .....50% fib served you well,cherub!

nice to see an old face in the mix....welcome back man.

Exactly....that right there is typical sufer smack talk.

Link?