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GDX is again giving an entry on the hourly. There was a more reasonable RET and price is showing some strength. GLD/gold futures are also in giving similar signals. Daily charts and price behaviour isn't something I like for the trade but the signal came on the hourly so the hourly entry it...

Time is not an issue, the behaviour of the price is. The fact that the price didn't behave as I had anticipated it to forced me to scratch it. I don't wan to sit there trying to guess when the drop is going to come to a halt. Yes, at times I might miss out, and the price might even open gap...

This was a scratch. I guess now we have a better SL breach and potential RET. Doesn't look like we'll get a signal for today.

GDX hourly is giving a buy signal. The drop has been sever in the past few days. So there is this chance of some kind of a rebound. Whether this pans out or not is yet to be found, but keep in mind this RET is coming after a V bottom so we might head back down. The purists might rightly say...

There has been a global RE boom since the 2008 crisis hit USA and credit creation and lower interest rates caused real estate to rise. Since china is now experiencing the same financial issues USA was facing half a decade ago, there is this chance to see where the Canadian RE stands. The...

Q's have had a DL break and a RET. There was a partial mini-RET earlier but that's in the past. There's a possibility of short in case price continues down. The bounce around 88.63 is a check against shorting as price didn't continue after the first RET. Price at times does take some time to...

GDX has had quite an interesting movement in price recently. First we'll look at the daily and see where we are and how we got here. The cool thing that there are two hinges in a row and both have had breakouts to the upside with different outcomes. The recent hinge had a nice upside...

Gold futures have dropped out of the steeper TC. The price is in proximity to the apex of the hinge. There's another dotted demand line (blue) to show the change in stride, to a bit slower. The drop after the BO from the hinge has been strong. Had it been more gradual we could have given...

GDX had a nice clean BO above the hinge. Price though has fallen back and testing the mid of the hinge. There are a few possibilities here. Price could bounces around the mid and then resumes up. Price could break down here and have a BO to the downside now that the up has not be successful...

BBRY has given an indication of the possibility, but not the certainty of a trend change. We can wait for market to go through some correction if it comes and see how BBRY operates. The whole thing is that the stock might move up faster if the market starts to rise. We cannot just discount...

89 wasn't holding so this had to be scratched.

Q's for the hourly or even shorter intervals are around 89 and holding. The risk is quite defined with 89 so visible and a long won't be too bad an idea with exit if it doesn't pan out. Gringo

Someone in the Ghost thread was mentioning the mechanical short in ES. I wanted to highlight the QQQ and the weakness that it's exhibiting. There's this demand line break and also the retracement and today's drop. For me the weakness is becoming clearer however I would want to see price break...

It gets easier when you start enjoying the process. I am glad there are a few who are beginning to see some light. Knowing how price moves doesn't mean you'll start making accurate decision, it only means you'll have a better understanding to hopefully identify what can be corrected. When...

GDX (gold miners) daily is also consolidating. There is enough room for the hourly to wait for extremes and hop on, however price is dead in the center where the wise don't bite. Since I am one of the wisest alive, I'll behave like the wise ones and not mess with this for now. Since the...

Gold hourly is currently in a no man's land. There is this channel that gives some perspective. Gringo

No shorts. I took the chance to go long when price bounced. The short I had initiated earlier but covered when price wouldn't drop. Db in chat had raised a point that perhaps my emotions are getting the best of me, and missing out on the long earlier in the year is causing me to short in an...

Lets see where price is compared to the previous two bursts. We are rising but there doesn't appear to be a sign of a major change in trend. The smart money (that would be me!) is on the long side. Now this doesn't mean we are not going to have normal corrections along the way. What it means...

Avoid unnecessary worldviews To prevent any perception skews Weakness isn't in one's purviews It's in responsibility, when one eschews Behind every news what really brews? Focus on price itself and not on other reviews And fear not the deviant views From the bearer of bad news Gringo p.s...

Now that's a way to put it. You might end up turning into a poet one day.