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Patuca
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Everything posted by Patuca
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every man has to pull his on little red wagon... As far as inflation i think the average american feels it regardless of the numbers gov spouts out. Just like they say we are in a recovery and economy is getting better..hog wash...un employment getting less...hog snot...businesses are closing left and right..dropping like flies...housing getting worse..official koolaid is horse pee... Indices will crash....bubble will go ONE BIG KABOOM....soon..sooner than most think... -
just buy the physical metals...no worry about leverage...im right ...not wrong..time will prove me out within 5 years probally within 2.
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LOL...so he was off a year or two...in the macro scheme of things that is not much...soon...things will flip....then we will have some fun with you.....you will see:rofl::rofl::rofl:
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like i said trading is one thing investing another. Trading gold on long side is favorable now from a monthly time frame. It also is favorable for the short side. Depends on where it is at in the range. But as long as it is above the 89 sma the long side has slightly better probabilities regardless of a 20 period ema showing a downtrend. Gold is bullish for taking intermediate long positions and bullish for investment purposes on a monthly chart. Now if daytrading it or intraday trading that is different. I am referring to price action here on a monthly chart. The 89 sma shows the intermediate to longer term trend and that is STILL bullish. Thats all.
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Scrap trade.waiting for new setup.
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Me thinks, that for me, shorting ES at 1883.50 if it gets there will be good for a point or two scalp. Maybe 3 pts.
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Sounds good! On a daily chart what position would you take on gold?
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yes, you are correct. It has shown a downward bias for many months and all that can be clearly seen via ma's. nevertheless it is bullish. At the moment it is forming a range. It will break out of that range in one direction or the other. Odds favour a resumption of bullish move. For investment purpose gold is bullish. For trading purposes it can be traded both long and short many times over. As concerns ma's. An 89 period Ma shows the long term trend to be intact. Generally it is best to be long when price is above an 89 period sma. Short when below.
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I would say to become a better trader study the concepts of price action (good source may be brooks:rofl:..IF you can handle it:haha:) and volume as it relates to price (volume spread analysis ...mr wyckoff and disciples...) tape reading concepts...mr george taylor ..iffin you can wade thru it :helloooo:, THEN pick one or two instruments and watch PA for a year so seeing how learned concepts apply...THEN sim it for 6 months...THEN if profitable simming live trading may be next. If not profitable simming then rinse and repeat until profitable simming. :rofl: IT IS A PROCESS. AGAIN, IT IS A PROCESS, FINALLY, IT IS A PROCESS and THAT process must become second nature to oneself. :helloooo:
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Do you actually trade by your mood?
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i don't like journals...i don't need to rate myself..i already know i am going to feel bad when i get my carcass out of bed...my state of mind is almost continually pessimistic..rarely do i get much sleep...i am not a heavy drinker...so basically everyday is the same for me. I pull my boots or shoes on and make the best of it enjoying life as much as i can. In others words...one journal entry would suffice me for 5 years.
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Me thinks grabbing 4 pts here is reasonable.
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with 70% of trades being via computer..algo..hft...etc devoid of emotion could it be getting harder to detect emotion in the herd..? Me thinks i should make haste and short ES around 1897 to 1898 today may 13 around 10.08 a.m. Central.
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really? 1 pt 12.50? 32 pts 400.00?
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I Studied Trading for 10 Minutes then Jumped in
Patuca replied to JayPrime's topic in Beginners Forum
What happened to JayPrime? And Mitsubishi? -
True LOL....but lines depict for visual purposes where the market appears to be going but alas one person see a line here or there and another sees a line there or here...so one see a trend...the other a range...ones see support..the other resistance...one sees a triangle..the other a wedge...one is bullish...the other bearish... You are bearish...i am bullish. Time will tell the tale...gann might have been right???
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it all depends on how you draw the lines....
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Trading Tip #13: How to Pick Intraday Market Direction – the 80% Rule
Patuca replied to tradingadvantagetm's topic in Futures
did you get any harmony on the all together response?.. -
excellente statement that should always remain in forefront of ones mind at all times in any time frame.
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Hurst concepts always interesting. Too bad the semantics and verbiage will drive the average trader away instead of pulling them towards understanding the concepts.
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LOL long on gold and silver may solve all mortgage problems for farms???
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LOL ......bagdad Patuca...well we shall see....pm will arise quickly and defeat the naysayers...we have them surrounded..the bears will have to surrender or be burned in the rise....
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still very true...anytime now....
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LOL! Could i get a slice of his money too? He should watch out for those .....those money managers. They laughed real hard at mr peter schiff in 2007/2008 wasn't it? Me thinks he got the last laugh in around latter part of 2010. :rofl: :rofl: :o:o
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Newbie Question: What is Market Maker's Role in Bid/ask?
Patuca replied to mastertonster's topic in Stocks
A tactic that some traders used alot in the past was to scan several stocks for an abnormal wide spread in that particular stock and place an inside bid to buy ..limit order..and then when filled place and inside offer to sell thus attemping to take a slice out of the wide spread. Or vice versa on the short side. They would look at the size of the present inside bid and offer to determine where the pressure was..i.e. long or short side.... and then implement the technique accordingly. This could be done over and and over until the MM or specialist ...if NYSE.... determined what one was doing and narrowed the spread thus removing the opportunity.