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Patuca
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Everything posted by Patuca
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dollar is coming to its end...
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Capt Bob he doesn't believe in my fibs ....apparently..LOL Where you been? Mitsubishi has fled the chicken coop...i guess he got tired of it all.....? I'm hanging there...at the moment in ky....land between the lakes..near Paducah...
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LOL it will just be a double bottom shakeout. After .50 comes a fib number for next stop. You believe in fibs..right?
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Shake out my boy shake out...getting ready for BIG move UP.
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OEC HAS Heiken Ashi. Log onto platform ...select VIEW from menu at top...then select CUSTOM INDICATORS from drop down menu..then select CUSTOM INDICATOR LIBRARY from the drop down menu. Then scroll down and see Heikin Ashi _LP package. Right clik and select import from file. It will then be available in your indicator choices from the chart. You won't have to create anything!
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july is here price jump Thanks
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Yes it is for you. May not be for everyone.
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great! Maybe a good way to trade.
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Scaling in is also a good idea imo. But if daytrading one has to be careful to not go too far with it when taking positions, especially if, price is approaching res/sup.
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Point made. So....to employ averaging up/ down one must not go beyond max daily loss limit. That protects for time it doesn't pan out.
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Sometimes you make choices in trading and sometimes choices make you.....
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I suppose if whipsawing is good.....:rofl:
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like i said it isn't for everybody. IMO averaging up or down being for suckers is no longer necessarily for suckers...markets have changed and the rule carved in stoned are somewhat outmoded...out dated...the persistant belief in this one thing has probally busted more accounts than one would attempt to count.....in recent years. The world of algos..hft's has busted some of the "carved in stone" rules to pieces. Traditional SL placement is probally also guilty of busting accounts IMO. I think if a body is daytrading...working off max stop limits (for daily loss) and doing some averaging up and down is more conducive to profitability in this day and age. But again, whatever FLOATS ones boat is the way to go. As concerns long time frame investing via averaging down/up can also work IMO...but again you gotta have the $ to do so.
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Welcome! Please don't pay any attention to anything Patuca says on this forum. Mightymouse amd Boca Raton may wish to back up what i am saying! Mitsubishi used to hang around here but he left and we have not seen him for some time. Cap bob is still after gold..i guess.
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One could possibly look at it this way...every time price goes against ones position it is actually getting closer to going in favor of ones position. So..down can be the path to up and up can be the path to down......could it be that things are not as they seem but they are as they seem not? ..in the markets could it be squares are circles and circles are squares ...bearish is bullish and bullish is bearish? Markets cannot go straight up or down.
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Have you not heard of theory about catching a falling knife? Or averaging down? Yes i know both are no no's in the world of trading rules..BUT as we know via a cursory glance at any and every chart, that, price cycles..rotates...up and down. So a body may want to go long as prices are dropping and short short as prices are rising (i am not recommending this..just saying). Why? Well the end conclusion of going up is a going down. And the end conclusion of going down is a going up. Sooner, or later. True, the variables can there..i.e. it may go down then down some more and down some more and more before turning up or vice versa, but it will turn and when it does a body has loaded the boat and has a good average price...and it will be nice sunny sailing for bit littered by visits to the bank retrieving funds from brokerage between ports. Naturally, breaking the rules is not for any and everybody however, if one is able to do so it can be profitable. If one is not able to do so it can be the sinking of the sailboat. Gold remains bullish regardless of what the pundits say. As a matter of fact it tis more bullish now than it was 6 months ago.
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could be LOL a body might wish to make haste and buy some. You never know. :shrug::shrug:
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Wait till july and august Thanks
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:haha: LOL:rofl::missy:
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LOL :rofl: its a pullback LOL :helloooo: that is what the chart says.
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Gold remains bullish. It has been bullish for years.
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Whether we realize it ...own up to it or not ...or even strongly deny it...we as traders all react to price action (pa is any movement in price even one tick), and from our reaction to past pa we form a bias..and extend that out into the world of anticipating or predicting probable future price action. Otherwise, there is no point in taking any position. We indeed make an attempt to anticipate probable future price action by the very act of going long or short. Most just hate the word predict....tis laughable to me......:rofl: :rofl: :rofl: verb Predict say or estimate that (a specified thing) will happen in the future or will be a consequence of something. verb Anticipate regard as probable; expect or predict. synonyms: expect, foresee, predict, be prepared for, bargain on, reckon on; More guess or be aware of (what will happen) verb React respond or behave in a particular way in response to something. verb Bias cause to feel or show inclination or prejudice for or against someone or something. verb Forecast predict or estimate (a future event or trend). synonyms: predict, prophesy, prognosticate, foretell, foresee, forewarn of More noun noun: forecast; plural noun: forecasts a prediction or estimate of future events, especially coming weather or a financial trend.
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Al Brooks deals with trades similiar to trades discussed and tested in the 20 ema thread mentioned above. His terminology may be different but basic concepts are about the same. In addition, he goes into many more details and many more trading opportunities. Candlesticks patterns and setups alone are not the key. One must look at market structure and pressures that are present in the context prior to the candlestick pattern or setup evolving.
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yep..me thinks i should trade the trade the range... short at top.... long at bottom. right now, odds, very slightly, favour an upside breakout when a breakout does happen but at this moment bull and bear pressures are about equal.
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you don't think USA bubble is about to burst too do you? or maybe you think USA is not in a bubble?
