bobcollett

You are correct Patuca, They should really make you a Wizzard.....even if its just temporary Stopped out for 9 point gain...chicken feed :crap: regards bobc

Hi handle No problem with the disclosures.Your method is nonsense.Nothing personal. You can determine my performance on the Gold thread. You might even want to change your method after reading about Gann trading. regards bobc

OK TW I will try again with some examples My index SA top 40 closes in 30 minutes , so I must concentrate. And the professionals trade at the close :rofl::rofl: regards bobc

Heres some useless info for budding astronomers and S & P traders. Our solar system is situated in one of the lesser spirals (arms ) of the Milky Way) It revolves around the Centre at a speed of 830 000 km per hour It takes 250 million years to complete a circuit.Thats how big the Milky Way is. Now every 65 million years it passes through a big spiral (arm),and the proverbial hit the fan Last time this happened all the dinosaurs died. Well next Monday is the end of another cycle.So index trader be careful :( I am going to take the day off :haha: regards bobc

Hi TW If the chart is UP , draw a 45 degree angle from the bottom left hand corner If the chart is DOWN, draw a 45 degree angle from the top left hand corner BUT you can start with any candle, just in the right corner. Yesterday was an UP day, but it still made a lower low than the day before. There is another RULE to Gann trading.... lower lows mean the short term trend is DOWN, until a higher low is made.Thats the simplest way of trading,but you lose every time this happens.. Close of day prices apply I dont think I have explained this very well:doh: regards bobc

LONG at 1401 from yesterday Stop now at 1410 Target 1420 Gold is BELOW the 45 degree Gann angle....thats bearesh The numbers to watch .... break below 1410 goes to 1395 .....and then to 1370 SUPPORT The price bounced off 1372 yesterday. Lots of demand at this level .So thats the BIG number for a home run. .....break above 1421 goes to 1434 RESISTANCE .....break above 1434 is a home run (and SunTrader is dead) regards bobc .

OK handle Enough You show me yours and I'll show you mine. Explain your entry / exit strategy and I will teach you the Ambush method. regards bobc

Well Patuca, For starters you will have to move home regards bobc

Nothing beats a BIG fish Unless she's blond... regards bobc

Hi Patuca We cant all post from a laptop on a marlin boat. Some of us have to trade for a living . regards bobc

Hi Super Model Builder, We live and learn.....I have never heard of a Genie on a pair of roller skates. Do you talk to your roller skates? regards bobc

Mighty Mouse in disguise

Hi TW Just read post 21 ....the rest is nonsense regards bobc PS I v'e got a new Coke bottle

Thank you SunTrader Regis is a beautiful horse. But Regis is a champion. The horse I was going to buy, before I got stopped out was more of a plodder. Thats why I was going to call him....... :rofl::rofl::rofl: Kind regards bobc

Hi TW, Whats a double three? An elliot wave term? regards bobc

Hi Patuca, You make an interesting comment....take off half the trade at a certain point. I wonder what other traders think of this, rather than letting the full trade run. I know Might Mouse and SIUYA have made some comments on this somewhere on TL. I like to let the full trade run.Am I wrong? regards bobc

Hi Patuca I now finaly see how your ATMs work I like this....but for these scalps to work , you must have very low costs ? regards bobc

Hi SunTrader, You are either right or wrong......50% of the time. You dont sound confident when you say..."if I am right?" Please explain how your chart works. regards bobc

The rally is over Back below 1400 And its a bear market......or is it? Draw a couple of trend lines and decide And draw a couple of horizontal lines for support / resistance regards bobc PS Its a 6 month chart

Thank you for your reply TW, TOO LATE Hope you enjoyed your 3 week trip to Antartica....did you see any penguins? regards bobc

Stopped out today at 1419 for 18 point profit. New horse cancelled, but I have enough money to pay the HP on the Merc. Now have a look at the attached....live The arrow shows the trendline break. The red square shows consolidation And we have a move UP with a possible breakout... orange highlight Please post your comments NOW ... what would you do? No hindsight. regards bobc

Dear Patuca RELAX Everyone listens.... except SunTrader. ;) Hes short on the 10 year time frame. ( Sorry SunTrader, just joking.I know you are a sensitive person.) RELAX Patuca, Whether you are a COMPLETE trader or a MASTER trader does not affect your bank balance .It just hurts your ego. And sometimes, thats the worst "hurt" . But you are nearly 70 ,so its "been there, done that" NOW I've been away on a golf trip . I'm back, LONG Gold @ 1401(breakout) And looking for a home run .......50 points. :doh: Goldman Sachs JHB have asked me not to disclose my analysis.Apparently,Meryl Lynch have been copying my trades to their advantage.. Well ,what can I say.? In the mean time, heres a thought. The threat of WAR dampens the INDEX and pushes up the price of commodities, PMs etc.The outbreak of hostilities does the reverse....wait about 3 days. Kind regards bobc PS I am going to call my new horse Sun Trader , but with a space between the Sun and Trader

Hi Handle The Traders Trick Entry At last a genuine Joe Ross method. regards bobc

Elliot Wave has a TOP in the Euro If the Euro goes down , the $ goes UP, and Gold goes down. I am now totally confused Also,today, we have a LOW below Tuesdays LOW.It needs to CLOSE lower and the trend is DOWN........based on a Gann swing chart The Gann swing chart has one rule.......it will go up while highs are broken, and it will go down while the lows are broken. Basics. I add rule 2. End of day prices apply. regards bobc

In the mean time.... WHAT IS THE TREND?? We have 16 days UP 11 days DOWN 9 days UP The UP days must exceed the down days for a change in trend. NO CHANGE.....its a bear And we have that ugly gap in volume which CAN be filled (yellow arrow) The purple arrow shows my predicted TURN.day At least I got that right . The systm works. Its me that preempts the results. Resistance is at 1384 BUY at 1387 SELL anytime..... its a bear Patuca says I must go back to Brooks and scalp Thats the orange arrow....inside bar... BUY above the break and SELL below . I think I can get a home run bullish. And mitsubishi has questioned my judgement ..... and maybe he's right. Lets see. regards PS SunTrader is still not talking. PSS. And for all those members who have not wished me happy birthday for the 23rd......dont walk down a dark alley.