is...Either trading futures or fishing
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Trading gold is my bread and butter. I love how volatile it is. Its very easy to go long or short it. Although I do take some longer trades I usually scalp it intraday on the 60,15,5 and 1 minute charts. You can watch it all day long and there are always many opportunities to scalp 1 or 2 points here and there. I did lose Fridays profit to a short position I took in the S&P but im still in that trade and don't think I have anything to worry about. The best thing I like about trading futures is its traded 6 days a week 24 hours a day. I will be trading in about another 30 minutes when the markets open
Have a good weekend bud. Hit my targets and im off to Erie for some weekend fishing
I think the only one it hasn't defied is the ascending trend line on the daily.
Its very fast paced most of the time. I look at my daily and weekly charts to find out where trading is going to be for that week. then trade off of my 60,15,5 and 1 minute charts. I took a trade a little past midnight last night. The S&P is over bought and I shorted 4 contracts for a 10 point gain. We will see how it works out today. Could turn into a weekend hold
Thanks. I usually don't hold futures overnight but that was pretty much a guaranteed hit. Do you trade futures?
I enjoy the friendly debate but that's not proof.
Can you prove it? I have learned through the years to trade what I see and not what I hear. Being that I trade on TA when I say I believe a stock is going to do something I back it up with a chart. And then explain why I believe it will do what im predicting. So if you think it was him I would like some proof of it. I can make up a profile and say I was anyone on here. Please provide me with proof that this is Ichim and I will believe it
I doubt that was Ichim that made that post at all. Not bashing or anything like that. I also hold a nice block of this stock.
Have a good one. Soon as I reach my sell target im going outside to do some work.
Ok your added as a moderator
Now for some reason its showing no moderators. That's crazy
Got it set for 10 points. Just got up this morning and 5 points away. Im gonna se what it takes to ad you as a moderator
See if will let you ad your self as a moderator
Just thought I would start a board for people to watch and learn the futures market. Got one contract tonight to hold overnight
Look at my previous post and go to that board. I will make you a moderator. Its called " Scalping Gold futures "
Hey. I started my own baord
Here is the chart I use. No matter what im trading I use the same charts. I keep them simple and clean. There is no need to have every indicator know to man on your charts. These charts got me retired at a young age. I have used them for years and will continue to do so. When im trading futures I usually use 4 different time frame charts. The 60,15,5 and 1 minute charts. I have 4 screens and use all 4 while scalping the futures markets
Man I was finally the first to post on a board
You might want to go back and read several of my post. I have never said anything of the sort
Then by all means buy you some huge blocks of this company and get it rolling. I been in the markets almost 30 years and right at 13 years as a professional day trader. The mm's will let it go up when they decide to. Not when someone else decides on it
I have no idea when and if news comes on this stock. Im trading this stock pretty much on TA alone as I do about 95% of everything I trade. Im not one of those people that try and predict the future on news. I just trade what my indicators are telling me at the moment
The mm's control when this will move. That's why they are called market makers. They were not given that name at random. When they are ready to let this move they will let it move. No one or any group is going to make them cough up anything at anytime
Well with the stochastics bottomed out and all the other indicators lined up im expecting a little more upward trend this week. The 200 EMA is showing very strong support. Anyway. Im done for tonight. Was at granddaughters birthday party at chucky cheese today and im beat down. Catch you later
Its been some very nice trading. Im trading gold right now. Been using the 15,5 and 1 minute charts. Easy pickins on the 1 minute chart for some half to one point scalps. Not touching the S&P right now. Looking for a big drop in it. Its way over bought. So were you catching crappie? I need to teach these yanks how to pronounce it. They say crappy here in WV LOL. The way that BMSN charts are setting up im looking for some nice action this week. With the rumors of news and the patterns should be some nice bank
Guys we have been in the same pennant pattern for the past three days. Look at this chart. Pressure building as it nears the end of the wedge in the pennant. Nice strong decline in volume in which I love to see. The stochastics trending down and bottomed out at zero. This is going to pop hard. The mm's are also anticipating news as well and they are the ones who make the patterns form. They know when to hold it back and when to let it run. They are here for the same reason that every else in here is. TO MAKE MONEY!
BMSN is still in a very strong pennant pattern carried over from yesterday. Look at the first 60 minute chart. This is about as a perfect pattern as you can get. Pretty soon its gonna bottle neck up and break hard. I really love to see this pattern with a good volume decline. The second chart is the same 60 minute chart. I just removed the trend lines so you can see the strong support on the 50 period EMA. As long as it holds this support we are looking for a nice breakout. I see a lot of people that are worried about the low volume we have had for a while. You want low volume in these type of conditions. Have patience. It will come
No matter what time frame chart I look at I see a very nice pattern forming. We have had low volume the past few weeks or so and that's a good thing. Consolidation with low volume and the stochastics trending down = pressure. I would like to see this stock continue its pattern without news.
Be patient guys. This stock is setting up very nice without news. And low volume is not a bad thing. Seasoned traders are looking for stocks with patterns like BMSN is forming. Low volume just means consolidation with no selling pressure. This stock is not being day traded. I day trade and swing trade for a living on big boards and futures with the futures market being my bread and butter. This does not appeal to any day trader out there
This is just being shuffled around between the mm's.
Be good if we could get over the 200EMA on the daily one year chart and have a full candle close above it. I would love to see it do that without news
These two charts are looking good. The first is the 90 day 60 minute chart. We have a very nice looking pennant pattern forming. This is my favorite pattern. Also have a nice decrease in volume which I really love to see with a pennant pattern. Yesterday she took and nice pullback into the 20 period EMA and found support. We could see a little more consolidation today and another retest of the 20 if this pattern holds up.
The second chart is the one year daily chart. The 200 period EMA seems to be the resistance. Back on 6/18 we had a strong wick into it. She is testing it again and if we can get a candle to close above it we could see a very strong breakout. The triple bounce on an ascending trend line seems to be a viable trend line.
Look at these charts. The first chart is one I posted this morning before the market opened. This is what I said it was more than likely to do. Look at the second chart I just made. It did what I expected it to do. This stock was over bought and extended above the EMA's. This is nothing but a pullback into consolidation to allow the other moving averages to catch up with it. Nothing more and nothing less. All this talk about shaking flippers and everything else is just BS.