If the price can close above 534.90 should be long setup. If price breaks below 501.28, should go to 460 and at that time if price holds - it will be a buy... Hope this helps
I know it's been a while since I've posted. I'm working feverishly on my trading system. I hope to have something to show you shortly. Please stay tuned.
Here'e a nice setup for a potential long trade. You can wait till the price pull back a little more or you can enter now. Stop 1697.50 Target 1639.50 Hope this helps... Target Hit!
I posted this chart on 7-18 (scroll down), saying that the price action should test 1390 fairly soon. Well, it looks like the technicals were correct. Hope this helps
This is a weekly chart of the US Dollar. Notice how the price action has landed on the trend line. Will it hold or break through? Stayed tuned. Hope this helps
Looks like price will pop out shortly. If I had to pick which way the breakout will go, I would say to the downside. Keep your eye on the US Dollar.If the dollar breaks higher gold will fall. Hope this helps
Price is holding the trend line. So, tomorrow if price can break above today's high, I will get long (see chart for entry, targets and stop). Hope this helps...
This is so bad, price couldn't test the 50% fibo on the bounce. This is going to 25. You can short now or wait for the price to test MA and then enter. Hope this helps...
Price has held above the high of the low as it stays in a channel, building a nice base. Definitely worth keeping your eye on for a breakout... Hope thus helps
Many of you have expressed interest in my trading system. I'm working very hard to secure the system and preparing technically, so I can demo the system live. Please be patient as I should be ready soon. Stay tuned!
Another one worth watching. Price building a nice base. A close above 68.86 should be a nice long with a target of 73.71 and then reevaluate. Hope this helps
I have developed a trading system that has produced up 80.12 % for the first 21 trading days on total account not risk. At risk the return is over 100%. If your are interested in demoing my new system, just drop me an email. This system is very simple without a lot of rules...
I have developed a trading system that has produced up 76.38% for the first 19 trading days on total account not risk. At risk the return is over 100%. If your are interested in demoing my new system, just drop me an email. This system is very simple without a lot of rules...
Gold is entering an important area for a short opportunity, stay tuned! Hope this helps...
Wednesday, May 2, 2012
I Have to admit, I thought this market was going to correct and I'm sure it will - BUT WHEN? For now, you have to go with the technical pattern which says UP! Are any of you Day Traders?
The price action looks like its range bound. The longer this pattern continues, the bigger the explosion will be to either the upside or downside. Hope this helps...
Price has finally broke through the uptrend with huge volume. Wait for the price to retrace to the moving average and that should be a good short entry with low risk. Hope this helps
Interesting price action. Price cannot seem to close above the fibo 61.8% nor the down trend line or the moving average. Keep in mind there's a gap to be filled (see chart). Hope this helps
Price has taken out the high of the low bar and has held at the moving average while testing the down trend line... Should pop up shortly. Hope this helps...
What a chart! Price has held on a pullback to the moving average, Fibo retracement and keeps kissing the down trend line. Must be preparing to make a big move to the upside. You better have three eyes on this one. Hope this helps...
Looking at this monthly chart, you can see a very nice pullback to the MA as price has held as a bull flag pattern has formed. You could wait till price breaks 1682.70 for confirmation as price looks like it will retest 1923. Hope this helps
I'm sure some of you will cringe when you see this chart. Here's a nice short setup if price can test 532+ (see chart) for target, entry and stop. Hope this helps
Here's a weekly chart on silver. If price breaks 35.65, price should test 39.85. If you don't trade futures, you can use the ETF (SLV). Hope this helps
The price looks like it's in a holding pattern (bull flag) waiting for the EMA to bounce off. If price can break 1789.50, price will be off to the races and should test 1923.00. Hope this helps
A nice short setup. You can wait till price tests the 115 to 116 range, depending on how aggressive or conservative you are. The target (see chart). Hope this helps