JohnKer
Long

Getting ready to go long gold and gold stocks

NYSE:KGC   KINROSS GOLD CORP
71 4 2
see text on chart
The chart shows wave 3. I was wondering where 0,1 and 2 will be located. It would help others learn, please. Thanks.
Reply
JohnKer sam.trader.10
Wave 1 began in January of 2016; wave 2 ended in Feb. of 2016. You can see them clearly on a daily chart. Just don't want price to go below $1.31 of KGC or it invalidates the long term pattern. Looks like however gold is coming to a bottom now to finish wave 4 which indeed did turn out to be complex. Personally I've been dollar cost averaging into KGC and a few other gold stocks...for the long term hold. @sam.trader.10,
Reply
@JohnKer, Thank you John. Much appreciate your response, helps the learning process. Elliott wave principle is pretty complicated and daunting.
Reply
JohnKer sam.trader.10
@sam.trader.10, you have to memorize the rules or you'll never have a chance of using it successfully; begin with reading Pretcher's Elliot Wave Principle book. Other suggestion, when a wave gets complicated just ignore it, count again when it becomes clear or go to a different mkt. You're goal is to make money (i hope) not perfectly count waves all day. Last, look at others who post here and do wave counting all the time - just looking at those patterns again and again with them labeled will get your mind tuned in to seeing the patterns/waves easily.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out