PRS #4 PICK'EM FINAL ROUTE. CHILL, 22 PTS PB IS NOT A CRASH!
At 1765 I said, "If you only listen to me once, don't walk away from this trade."
Now at 1800, I say again, "If you only listen to me one more time, don't walk away from this trade."
We all know gold traders are emotional. But chill out guys and gals, it's 1800 last second I checked. We are 6% from all time highs. 5% yesterday during which August futures were 1858, 3% from all time highs.
A note on fundamentals and classical technical analysis: I can see the double top on the weekly or monthly chart. It's not a double top until the rally fails. If it breaks out, then it's not a double top. I put six years of my life into this strategy/software, I am not here to waste your time. I am well aware of seasonality, I've said this many times over. So if we had 1.6 Million payrolls beat in July of all months, why did gold break 9 years highs? Because there are more buyers and sellers, period full stop.
See you, space cowboys.
Now at 1800, I say again, "If you only listen to me one more time, don't walk away from this trade."
We all know gold traders are emotional. But chill out guys and gals, it's 1800 last second I checked. We are 6% from all time highs. 5% yesterday during which August futures were 1858, 3% from all time highs.
A note on fundamentals and classical technical analysis: I can see the double top on the weekly or monthly chart. It's not a double top until the rally fails. If it breaks out, then it's not a double top. I put six years of my life into this strategy/software, I am not here to waste your time. I am well aware of seasonality, I've said this many times over. So if we had 1.6 Million payrolls beat in July of all months, why did gold break 9 years highs? Because there are more buyers and sellers, period full stop.
See you, space cowboys.
Comment:
Hehe typo: more buyers THAN sellers, period...
Comment:
FRIDAY 7/10 Again, It doesnt have to stick to the lines. It can also do a mix of those lines. The point here is once it chooses to break up, it usually (especially here) follow one curve the rest of the way to 1920.
Comment:
But the question of the shape zig zag before is just a dice. Generally speaking, it shouldn not touch 1794 again AND IT ONLY HAS LIMITED TIME TO RETEST BY WED 7/15. IF I STICK TO BASE REGRESSIONS, I HAVE TO THINK IT WOULD BE COMPLETED BY TUESDAY.
Comment:
12:57 PM CT 7/10
Moments of ago bounce off 1794. I put 60% in by now at 1795 For trade #4. Thats all 3 tranches.
Again I tranche like this: Divide your trade size into 4.
1 - 10%
2 - 20%
3 - 30%
4 - 40%
For trade size where I absolutely convinced, I add:
5 - 50% of (1 to 4)
6 - 100% of (1 to 5
Total of 1 to 6 should be a defined % of your bank roll. For me thats 1/8.
So lets say you dont have a lot.
1 - 500
2 - 1000
3 - 1500
4 - 2000
Total 1 to 4 - 5000
Bankroll 5000 × 8 = 40000
If you dont have 40 K, then lets say "x" is minimum entry. Then you need 80x bank roll.
1 - x
2 - 2x
3 - 3x
4 - 4x
Total trade is 10x. Total bankroll 80x.
That means at 200 entry you need 16000. Dont have 16000? Go get 16000.
Moments of ago bounce off 1794. I put 60% in by now at 1795 For trade #4. Thats all 3 tranches.
Again I tranche like this: Divide your trade size into 4.
1 - 10%
2 - 20%
3 - 30%
4 - 40%
For trade size where I absolutely convinced, I add:
5 - 50% of (1 to 4)
6 - 100% of (1 to 5
Total of 1 to 6 should be a defined % of your bank roll. For me thats 1/8.
So lets say you dont have a lot.
1 - 500
2 - 1000
3 - 1500
4 - 2000
Total 1 to 4 - 5000
Bankroll 5000 × 8 = 40000
If you dont have 40 K, then lets say "x" is minimum entry. Then you need 80x bank roll.
1 - x
2 - 2x
3 - 3x
4 - 4x
Total trade is 10x. Total bankroll 80x.
That means at 200 entry you need 16000. Dont have 16000? Go get 16000.
Comment:
Need an 1803 close.