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bostonangler

CRITICAL UPDATES: Markets AND BEYOND

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BA I love your exuberance but this guy is a person they trot out everytime there is dip in the market. Do not get crazy listening to guys like this. Instead learn to read a chart and know that we haven’t broken below June’s low.  We may but I’m not in the least worried until that low gets broken. I’m trading this today and I see a lot of big boys buying their favorite cloud stocks.  Look at the green line on the bottom of the chart.  That is Dec’s low. If the 2nd red line (June low) gets breached you can start to pay attention.  We still haven’t broken the August low, the top red line. Now look at the 50 ma sitting right on the 100 ma. Those are Forward Moving averages that show a quicker trade than the simple moving average. I won’t get to excited until I see the 50 ( teal dotted line) cross the 200 ma which is the green dotted line.

 

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Thanks Pitcher... I'm watching a couple of silver miners right now... This has been a great year for my Gold stocks and I think silver can help erase some of my bad buys... LOL

 

B/A

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I’m long Wheaton, WPM, since 25 ish and I’ve been in and out of NEM several times.  The market is very volatile so I take my profits when I can.  I pay more in taxes when I do that but I can sleep at night.  I’m looking for trends and when people are scared they buy gold and silver.  I usually will buy above the 20 ma on the daily chart for Longs and swings.   Weird times.  Never know when Trump is going to send out a tweet that disrupts everyone’s thinking.  

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Check out my one great trade today.  10 min chart. In above the VWAP ( orange dotted line) at 45.14.   Out at the top Quadrant Line  48.13.  Added several times. Very solid trade.  It was a good day

 

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2 hours ago, Pitcher said:

I’m long Wheaton, WPM, since 25 ish and I’ve been in and out of NEM several times.  The market is very volatile so I take my profits when I can.  I pay more in taxes when I do that but I can sleep at night.  I’m looking for trends and when people are scared they buy gold and silver.  I usually will buy above the 20 ma on the daily chart for Longs and swings.   Weird times.  Never know when Trump is going to send out a tweet that disrupts everyone’s thinking.  

 

Yup booking profits is always a good thing... Trading and taxes, that's my only gripe about short term.

 

B/A

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1 hour ago, bostonangler said:

Trading and taxes, that's my only gripe about short term.

 

Agreed.  If you look at that trade you can see it was a 3 buck trade. Add to it as it goes up.  I trade 1000’s of shares so you should be able to see I don’t like paying high taxes but I’m doing well.  The crazy thing is I see these types of patterns 3-4 days a week.  It’s taken me a lot of time, effort, and loser trades to figure out the deal but I got it now and I don’t regret all the work it took to learn it

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