Replies to post #10306 on Market Swings

[75playa]

Risk reward will be wrong because of these much better entries.


TS3 Entry BUY: GLD trigger at 104.69

Protective stop: Sell trigger at 102.27

Profit Targets and Risk/Reward Calculations:

Minimum Wave C Profit Target is: 118.15, Risk/Reward: 5.56

Typical Wave C Profit Target is: 121.73, Risk/Reward: 7.04

Typical Wave 3 Profit Target is: 130.49, Risk/Reward: 10.66
(could be because December to February sure looked like a ABC to me
so if we stay above $112.18 it could easily be in a 3)

Maximum Wave 3 Profit Target is: 148.42, Risk/Reward: 18.07

[lawtell]

Looks like $HUI is at the upper trend line drawn across the tops in Feb, Mar and April.
Lets'see if it breaks to the upside.


lawtell

[Bangtime]

Looking

to reenter on hopefully a pullback\backtest of the 114.25-114.50 area and then let my hands off it this time. :) Also watching housing report today for a pop and possible short entry thereafter.

[Bangtime]

GLD getting closer. eom.