Patuca

I thought you were the founder..now you are a super moderator? Does anyone ever notice these changes besides me? I thought traders were supposed to be an observant bunch? :haha:

cap bob that house is too big..too many colors..and too many wheels....and too much to take care of..how will i findtime for fishing? I think I'll leave Alabama sometime this month and go to Kentucky.. Patuca

LOL LOL :rofl: :rofl:

I was afraid of that? What must I do to escape this level....?

blondes don't care about fishing but they like $$$$

LOL....Trading and fishing work good together except when you hook a big fish and at the same exact moment a BIG trade takes off. Do you throw down the rod and attend to trading (as you can always buy another) OR do you attend to the fishing and neglect the trading? What is most important fish or $$$$$? Please advise... Patuca

Nary a soul commenting?...:helloooo:

TW how long will i be stuck stuck the idiot level? My ego is suffering greatly......

Zzzz..zzzzz.. Yes? ...zzzz...zzz what? Did you say wake up a J Ross trade just took place....did you get it on video...zzzz...i'm going back to sleep...zzzz..zzz..zzzzzzzzzzzzzzzz Well done mr handle...pay no attention to patucas humor. He is at the complete idiot level you know..per zdo.. Patuca

Will that horse be able to run up my gold channel on my post or will he stumble..falter...and fall completely out of my channel?

As PREDICTED BEFOREHAND ....PER CAPT BOB REQUEST- This is a followup to my post 1087. PLEASE NOTE IT WAS PROJECTED BEFOREHAND..Gold traded down to the first horizontal line (60% chance remember), penetrated it slightly making a low of 1374.20 (red circle). Then it reversed. It has since gone to 1407.60. Over 33 points. So, a trader who went long at the green horizontal line could take 1/2 off after 18 to 22 points profit (depending on ones exact exit on 1/2 of position) and let the remainder trade on up and get out now or just continue to le it run moving up stop loss. The point is if one manages their Stoploss correctly this trade cannot turn into a loser. It is already at least an 18 point winner (probally more, depending on what the trader does) regardless of what market does afterwards. And if one totally exits right now he has a around 30 to 33 point winner. I like selling into strenght and buying into weakness..catching falling knifes...and other idiotic tactics....AS LONG as the PA to the left supports such tactics. Gold remains bullish. Heads up for a possible ATM zone after rise tapers off. This was with oct contract..i stuck with that chart as it was the chart of post 1087 mentioned above. It is now not the contract with most vol so in future i will use either cash or front running contract with most vol. but for comparison purposes i stuck with oct. Perhaps this prediction will advance me from the COMPLETE LEVEL TL RATING (which means complete idiot per zdo) to the master level?..:rofl: :rofl: :rofl: PS Warning never listen to Patuca and never do what Patuca does.. It is all for information only and to gloat a little as trading can boring.......i need to find another fishing spot....getting tired of trading. Chart is barchart ....Idiotic markings are patucas

Ps Sitting Bull went back to his tipi for some venison stew and to smoke the peace pipe as he ponders the seasonal changes soon coming. He doesn't seem worried.....

I can't say you are wrong. You just run the risk that if you have misjudged the direction or strenght of the market then you can end up giving back your profits. In others words, you can be 20 points to the good and give it all back..it is a disgusting feeling... I just like to lock in some profits then adjust my stop up (in an up move) so that if i get stopped out on the last half of my position i still end up with a profit from the first half. Some traders do the opposite...they scale in and add as market moves their way. While they are scaling in i am scaling out and putting money in the bank...jingle..jingle..how sweet the sound...once i am flat IF the move continues on up i just jump back in for more jingles...at some point there will be a pullback...potential quick short scalp.. I try to never follow PB very far unless volumes increases as the pullback is being made...i am speaking of trading here and not long term investing...ok

very feasible capturing 9 to 18 points per contract..although this isn't ATM BUT but in another instance, grabbing a 15 point scalp: just since i posted my channel chart gold traded down to the general area of the first horizontal green line on my chart and went back up enough for a 15 or so point scalp. Actually...if a trader got long at the green line he could take 1/2 off at 15 to 18 pts and let other half go for the ride..to where....ever...

Gold is in a channel. Gold is bullish. Price traded up just above a prior resistance level (see yellow circle) then reversed. Notice the volume on the bar that made the high price. Lots of volume but low close. That means lots of selling took place on that bar. Hence price went down on next two bars. So, price is in a PB of the bull channel. How big of a pullback? The trendline (pink) was broken. But most breakouts fail. However, the trendline and top channel line form a wedge. This is a topping wedge. Indicates weakness also. The trend could resume on the next trading session but i would think there is a 60% chance that price will continue down to, or close to, the first green horizontal line before reversing for a continuation of the bull trend. There is a 40% chance price will continue down to or close to the second horizontal green line. This would bring price down to the bottom channel line. Notice the vol on the last two PB BARS. Lower volume. That is good volume for a continuation of the bull trend after the PB completes. How would play this? At this point I would look to go long near or at the first horizontal green line IF the volume stays small. If were to continue the uptrend before reaching the first green line then I would get long at the market. If i got long at first green line and price continues down through it by more than 10 points i would exit for a loss and wait for next long entry at the second green line. Might would even short and get back my 10 points. If it makes the second green line then I would go long again. If it stops me out at the second green line then my bias would be changing to bearish and pretty much confirmed bearish (on a day chart) if it trades thru 1300. Much depends on the correlation of price and vol and spread size over the next few sessions but this how i view this present price action. The red boxes indicate the ATM areas for trading mini ranges. Once bullish trends starts back again there will be many more of these boxes. They, of course, also appear in downtrend areas so they can be played there too. In general i see gold as still bullish but in a PB. I look for it to resume the bull trend. Again, never do as i do and never do as i say do..never trust any projections i make...this is all for information only and to make you get a good laugh...and for me to gloat if i happen to be correct.....:rofl: :rofl: the chart is from barchart..the markings are mine.

August 4, 2013 Patuca

Fingers crossed?:rofl::rofl:

Well?...............

thanks! LOL LOL :rofl:

A trader may wish to take a long term bullish position in PM. AND also short term trade the many rally...declines..ranges..consolidations...as they occur. For ranges ATM strategy previousley disclosed on this forum by patuca applies. For rallies and pullbacks..brooks...some vsa techniques...some tape reading...or other methods of trading PB's.. could apply..i think mr blue horseshoe has some...or it may be zdo..don't remember... However, i repeat mucho more dinero can be made trading the ups and downs vs locking into a position and holding it. That is, on most extended moves of 80 points much more can be made by trading the rallies and declines..Pb ...ranges..consolidations...while the 80 point move is being made. On a long term position a trader will have made 80 points.. Typically, that can be surpassed many times over trading the others mentioned above. Hurst deals with this concept in his book.

but...how do i get the C....i have nothing to sell...all my nonsense is free...as they say...just giving back...but nobody listens...nobody cares..nary a poor soul...except MAYBE capt Bob....when he ain't playing golf...

LOL LOL :rofl: :rofl:

doesn't matter...strict rules the market does not heed...we cannot..must not...dare not...make rules for the market....we must obey the market...not the market obey us...the market is fickle and does not know our rules (except where our SL are located...so they can be gunned with confidence)...the market can change on a dime...we must change on a dime...when we are are out of flow and swimming hard against the current..

tis what i feared might spew forth...:rofl: :rofl: :rofl: i take comfort in the miserable idiotic fact that i was right! Indices down 80 and continue down...gold up and continues up..a so called..idiot predicted correctly...right? ...what does that say about the smart intelligent on this forum?.... :rofl: :rofl: :rofl: oh my side...it hurts :rofl: :rofl:

I am rated as complete....not sure what that means? If it means that is as high a i can go then i may quit the forum UNLESS complete is higher than wizzard level.....so what does complete mean? Does it mean i now go to master level? Or does it mean i jumped over the master and wizzard level and am at the highest level reachable on this forum...or does it mean i am a complete idiot? My ego cannot stand much more..........