I have been doing quick trades using this channel for the past couple of days. Has been working well so i decided to share. Gives a good view of reversal points and possible entry/exits. 3 trades so far 2 in profit 1 is about even. I look for bullish/bearish bars near dotted lines/ I also use fisher and trend to get further confirmation on trades. The dotted...
^(^..^)^MOO? Trade what you see <3 LULU Of course price is still in a mini bearish channel... but notice where the buyers start stepping in... trade your charts ! ^.^ gdx still in profit .. Later grabs are at break even with gold at lower price. I bought the dip again and those calls are in profit.
Hello Friends! for those of you in the chat you know that this week has been awesome for us bears hehehe. Understanding reversal zones, pivots, fibs can be a big help for entry and exit points. I believe it is now time to ride it higher a bit and possible grab another prime meat short from (reversal points of interest). the Slides down will be very profitable...
Risk to reward is not too great to long at these levels. but.... And it might be scary to long in the face of dollar strength but.. ^.^ Thinking and knowing were price is going is useless if your (time) is wrong. I currently got back in GDX at 24.. and entered into certain miners last week. I will be looking to buy on weak dips into the approaching possible...
I do not trade forex just applying and watching
Iron ore/Copper price proves to be very volatile. ( industrial cheap ores)
Will the dollar die more please?
Price is giving us another opportunity. looking to long then ride it down another leg. 105-->108? 108?--> 103 ish is the rough game plan. (high risk as minor bullish trend has ended.)
One i will be keeping for a long long time ^.^ Entry can be tricky. No SL
Something is up. and the yellow metal knows it. (observation of important astro cycle.