Great Depression 2 underway as of July 25, 2014

Chris Mac said:
If you wait for a huge market crash, wait for the leaders to go south first.
It means Nasdaq MUST make a first correction, try to rebound and boom you got your krach.
We still do not have a first correction !
Apple, Amazon, Tesla, Google and friends must go south first. Without them, no hope.
More...


We sure did and I caught both of them = EurUsd Short and American Express short all details in this thread itself - I would have stayed with both but the TOP CALL went awry so I took profit and will live to try again.

Where I'm hassled and struggling is Gold
 
zdreg said:
do you live in the past?
More...

:):):):):):)


The first dinosaur arrives - soon others will follow - the clan with 20k to 50k posts free apartments at ET yet they complain thusly

"again, full of bugs.
search does not work. etc. etc.
the original ET was just fine. then there was the previous terrible update full of bugs. now we have this version"


Where's my bug spray?

:D:D
 
I would be doing the same in your shoes with your perspective - most likely.

Trading strategy is much different than chart reading. That is I don't know either your portfolio or timeframe.
My time frame for futures is short.
If you are trading ETFs with an accumulation strategy then the leverage doesn't hurt as much and the swings are easier.

Are you trading ETFs?
 
aquarian1 said:
I would be doing the same in your shoes with your perspective - most likely.

Trading strategy is much different than chart reading. That is I don't know either your portfolio or timeframe.
My time frame for futures is short.
If you are trading ETFs with an accumulation strategy then the leverage doesn't hurt as much and the swings are easier.

Are you trading ETFs?
More...


Yes and w.r.t. Gold its also the solid metal as I've stated in 10-baht and 1-baht slabs, plus Silver esp. for grocers :)

Bulking up on US Dollars is a given since I earn my money from business in Dollars and that's a good thing.
But the flipside trade EurUsd is my favorite. When this crappy situation in Gold completes one way or another, I will be able to focus again on my long-term short of EurUsd - this I expect will be a hold for months and months with short-term additional trades on 1H with huge leverage especially in a 3rd wave.

That's the PLAN. Can I follow it? Will I follow it? Do birds fly? :)
 
aquarian1 said:
9:42 AM 9/2/2014

the aggressive trader chart said
breaking 1284 gives 1276 this happened
(that would be $800 - though I didn't take this trade)

The triangle chart top one said
sell < 1270 for targets 1240 and 1180

The bottom chart is the current chart
1270 is broken so I am short two at 1270
with the targets given.

-->> all sim - I don't trade gold

I have a lot of experience with charts and I use simple charts
as the first two are. (the lower is just an older chart template kicking around).

I hope it helps -- lets see how the Sell of 1270 works out
I'm giving myself $20,000 sim dollars :)View attachment 144019
More...

OK, short at 1270 and 1263 based off your chart.....

OP is long at 1320 and 1290+ and 1280+....

LOL
 
AfterLOS said:
Yes and w.r.t. Gold its also the solid metal as I've stated in 10-baht and 1-baht slabs, plus Silver esp. for grocers :)

Bulking up on US Dollars is a given since I earn my money from business in Dollars and that's a good thing.
But the flipside trade EurUsd is my favorite. When this crappy situation in Gold completes one way or another, I will be able to focus again on my long-term short of EurUsd - this I expect will be a hold for months and months with short-term additional trades on 1H with huge leverage especially in a 3rd wave.

That's the PLAN. Can I follow it? Will I follow it? Do birds fly? :)
More...

Ok that explains a lot.
Most of my chart stuff doesn't really matter if you are ETF and warrants.
Then you can dollar cost average and sell spikes.

Your EurUSD do you trade that forex?
 
Market action in ES looks like it may have topped.
Draghi's cut only held it for a few hours
and we've had -19.25 which is a big day compared to late.
 
explanation for BUY Gold @ 1259.5:

(1)

Gold 4H upwave from 6-3-2014 to 7-10-2014 looks like an impulse wave to me; therefore the correction must be an A-B-C. In such corrections the most likely = high odds is that wave C = A

A-B-C correction down begins from 7-10-2014. Wave A ends 8-1-2014. The wave B up begins and ends on 8-8-2014. Then wave C down begins.

Wave C will always show a clear 5 waves. So have a look and see - there are a clear 5 waves down from 8-8-14 to current (9-5-14)

So my first place to look for reversal of this A-B-C is where C = A = 100% = a typical characteristic of corrections. Other alternatives are 161.8%, 261.8%, but equality is the most common

So I took my shot there.

STOP goes below June 3rd on 4H for this play TOO


(2)

I'm not too bad at catching falling knives = proven multiple times in this thread :):)


(3)

Losses are in line with concept that the Scriptures must be fulfilled
 
You must log in or register to reply here.
Back
Top