timwest
Long

SPDR Gold -GLD -Daily -Chris Moody's Gann Swing Signalled...

AMEX:GLD   SPDR GOLD SHARES
497 18 10
Is anyone going to take this trade???
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Alisho
2 years ago
yeap.. in it from about 115..
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TASAVANT
2 years ago
Not yet bought some $NEM see if it sticks
+1 Reply
2use
2 years ago
GANN, GANN everywhere! I see it is quite popular now. Find it a bit weird that both gold and stocks went massively up today - someone will have to go down.
+1 Reply
Alisho 2use
2 years ago
there is not always an anti correlation of the stocks and gold.. mostly but doesn't have too.. more important dollar tanked today.. this let the gold rise.
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chartmojo PRO
2 years ago
looks interesting...but not going to take it...if I was I might wait for pullback tomorrow then consider it..looking at the patterns from the previous green signals..often followed by a down day..
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Marek99 PRO
2 years ago
Gold reaching a major inflection point (from a second baby one when it broke the triangle) , and retesting a key level. If things continue to go our way, I see gold at $800 level by march.
GLD inflection points w/ added scripts
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chartmojo PRO Marek99
2 years ago
great info M...also...weak europe = strong dollar = weak commodities in general
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Marek99 PRO chartmojo
2 years ago
I meant to say May, not march, heh I'v placed my bets, lets see now what happens
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Smarttrade1st
2 years ago
I will wait for 1, 2 more days.
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spiroka
2 years ago
Tim, are you taking this trade?
...would you take this trade? :)
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timwest PRO spiroka
2 years ago
I am not - I have exposure with SLV already to my max position.
I did jump on the Corn trade though, but before the system suggested it - so I looked at it as a confirmatory. For me, I don't want to just jump in and start taking trades out of the blue. The system looks robust but I want to watch a few signals too and see how they "feel" to me. I make my decisions with my own methods, so I will follow this awhile and post the trades that set-up because I like how they look. I'm still in Corn, for what it is worth, and it's been hard to stay with the trade, only because it is a different methodology. Do you follow all of that?
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2use timwest
2 years ago
Hm, didnt SLV dive from 20 to 16? Did you manage the position in a way - cut some profits? Because i recall you noted being in SLV up to max when it was 18 i think
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2use 2use
2 years ago
Sorry, need to add - i did sell SLV eventually when i lost confidence in it and it did go lower. We trade differently but i would like to know if you are same long term bullish on it. Also, i guess you seen it coming, but why not sell or cut some? (in case you did not)
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timwest PRO 2use
2 years ago
Hello 2use, yes, SLV did dive. It's my "insurance policy" that I hedge with shorts in IWM, SPY and other indices: IYT even. So, I made great money shorting the indices, and that covered more than my losses in SLV.
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timwest PRO 2use
2 years ago
I might need to add a little, actually, of SLV. 10% perhaps.
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2use timwest
2 years ago
Add a dash of gold as well :)
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spiroka timwest
2 years ago
Actually, I don't follow it all.. I follow some. In fact I follow almost all the charts and comments you post so I'm still studying your moves. I also want to say thank you very much for taking the time to do this - it is very much appreciated!!
+1 Reply
russ.browne.52
2 years ago
Interesting indicator, what is it based on? I am long nugt now, I think Gold will keep going up into January.
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