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kinda wanted to see usd/jpy breakout of the shallow channel its in and retest some of those higher numbers before falling to the 109's
When I first went long ugld, catching the falling knife, I thought /gc would bounce to test the 200sma... and then fall back to test that rising daily trendline.
It blasted above the 200sma and I'm now wondering if it will see 1270 before that rising trendline
premarket /gc toying with 300sma 1259.1 as support...
man, /gc could launch from it
is also nearing the 3day 15min lower trend line
well, maybe not.
I could sure stand a gap towards 1250 area...
see how it goes
I stayed with it. Stubborn.
/gcQ7 hung a 5min evening star... thought I'd stop myself out if
a 5min candle closes over the evening star
in dgld @ 48.59... I tend to get stubborn after taking a trade.
... hope I did the right thing
any thoughts on /gc ?
try that with UGLD ~ DGLD
re: this plan...
see previous post
*** The look into friday looked favorable so I added.
** I actually made more money after adding and selling it all @10.43 than if I had sold my position @the previous top.
* I didn't get any help from /es... it took off.
* usd/jpy had every opportunity in the world to follow the dollar down and it didn't/wouldn't.
* I still believe the previous post is possible but from where.
I didn't understand why gold wasn't performing better than it was in relation to the fall of the $. It spooked me, suggests /gc weakness, feared the monday gap down. Took gains.
I can only hope I get a better price to go long from next week for a ride and then grab some dgld back to maybe 54+? ... thoughts? Thanks!
I'm out. Have a good weekend
EUR/USD trying to make a new high?
EDIT:oddly enough: (/es 50sma resistance) & (/gc 50sma support)...
(/es 50sma resistance)
VS
(/gc 50sma support)
and
(/gc 200sma support)
?
I'm also eyeballing usd/jpy in the 109s.
it's currently casting a daily doji
so who knows
no
I have such good avg I thought it worth the look into friday
edit: dgld
I'm looking for large trades in dgld
puke is better than unwinding I'm looking for large trades in dglg as a hint when to bail on long gold but I'm not seeing any
if its not broke don't fix it My
* So far...
* gold and vix bottomed out last tuesday and appear to be holding?
* /es tried to meet or beat 2403.75 friday's 5/7/17 extended-trading-hrs high
couldn't do it
* but usd/jpy is making a 60min valiant effort to turn north
using 60min 200sma as support mac-d weakening as it approaches -0-
* I'd like to see /gc and the vix call bs if /es continues up
but I'd rather see /es unwind
ohhh and what a wildcard
gLtrading
/gcQ7 Aug contract support & headwinds? ...
Trying to dial it in vix s&p? #msg-131318545
I'm looking for feedback... thoughts?
4hr and daily charts... double click images to enlarge
4hr
daily
a vix sp*rk to 12 wouldn't hurt...
is the /es mac-d weakening... going to fail?
see how it goes.
trying to keep an eye on a few things
what are your thoughts about /gc /es /gcQ7 Aug contract
ugld/dgld ticking 100% on the aug contract now http://www.velocitysharesetns.com/ugld
... other factors I may be missing... etc... ?
double click image to enlarge
added @9.80 to see what the close brings
9.72 avg
need /gc 1227 to hold/bounce
Thanks. I like the weekly /gc candle over 1228.4...
what do you think of this plan Freeze #msg-131147160
maybe /gc only makes +/-1240?
all kinda hinging on
* usd/jpy continuing to @112 would be another ugld/dgld decision
and/or if
* /es intraday bounces needs to stop & show signs of "sell in May"
an /es monday gap down would make things interesting
* see if /gc bounces 1226.9 intraday
ugld close over 9.89 would make things look pretty bullish?
IF not/s look for /gc testing 1218
dgld will be back up to 54 maybe next week?
broken record turning this battleship...
up in premarket down all day again?
U&D~gld rolling into Aug... 20% to go
http://www.velocitysharesetns.com/ugld
/gc Aug contract
1/4 position of ugld under /gc 100sma thinking bounce but very unsure
could see 1212-1208-1200 easy
looking for a relief bounce of some kind
U 9.63
yeah pummeled the daily /gc 100sma 1222 I was waiting on...
currently under it...
very unsure here
I did see 4+k volume on the /gc 1min candle @8:42
1/4 position in ugld @9.63
apparently the roll starts the 10th trading day of the month not the 5th
so u/d roll starts the 10th
sorry
Target tagged: Initial Sunday SpazzzTrades...
rang my drawing alert
I wonder if that Sunday spike down is a nice feeler gauge to auto-short down to?
I'd like to see that/the same thing... "intraday" test the sunday low trades
* Intraday Daily 100sma rising for a /gc relief bounce?
* I'm still looking for that setup!
* Thought?
Thanks!
was referring to /gc only here... Re: ugld & dgld
Yes the J-twins move well but are too complicated... too many variables
a purer 3x trade to gold is
ugld
dgld
I'd like to see a real handle on /gc
some good scalp/n come/n if we~b~nimble
I'd love to hear/see ANY other view/read on /gc...
I need the % swings and I don't want to blow it!
Do you see a flaw in the basic outline?
gosh #msg-131106239 this is happening when I can't trade
smh
/gc crystal ball???? ...
would love to see it unfold this way
relief bounce from the daily 100sma 1221.4 to +/-1240
fall back to possible support yellow trend line +/-1212-15 depending on when it gets there
possible spike down to daily 500sma currently 1208.9
bounce to test the daily 200sma 1248.8 and falling... wherever it is, when it is
aultimately failing to launch over the 200sma and finding a new trading range under it for a while
I'd love to see that 100sma tested in regular hrs trading
and start swing trading ugld
big if's, so... In a perfect world