The Journal of Ricky Bobby

[tomkat22]

"I'll come at you like a Spider Monkey!"

 

[maxinger]

Or early

it could be.

the uptrend started many centuries ago.

The most recent uptrend started 2 weeks ago.
The recent uptrend started 6 months ago. etc etc etc
So swing traders must be aware of it.

 

[SunTrader]

Breakout started Wednesday, then confirmed again on Thursday:-

 

[maxinger]

Breakout started Wednesday, then confirmed again on Thursday:-

View attachment 337289

the breakout strategy is a hopeless/useless/foolish/stupid strategy (see my earlier posting) unless you are early in the market.

If you missed a boat, perhaps wait for 2nd boat.
If you missed the 2nd boat, don't try to wait for the 3rd boat/4th boat .... !

 

[PPC]

Agree, the train left the station long time ago.

Gold and Silver are prone to false breakout, and since people are talking about breakouts on Gold, it might be a good signal to actually short the bull trap

 

[themickey]

Gold is breaking out. Momentum trade.
Long 5 contracts June 24 Micro Gold future @ 2,278.8
Profit Target: 2,359.8
Stop Loss: 2,260

Silver is a better breakout bet atm imo.

 

[maxinger]

That is 19*100*5 = $9500 loss in just a few hours.

Timing (when to enter) is very important.

 

[mervyn]

Didn’t read.

the name of Ricky Bobby sounds like a porn actor.

 

[tomkat22]

"Help me Tom Cruise,I'm on fire!"

 

[tony.m]

"Help me, Jesus. Help me, Jewish guy. Help me, Tom Cruise."
Tom Cruise is the first one to show up and opens his zipper.