mp
Junior Member
Posts: 77 
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Post by mp on Jun 5, 2014 7:26:02 GMT -5
Looks like ECB put rates to negative... lol. "You pay us to hold your money"
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Post by simonsays on Jun 5, 2014 7:37:05 GMT -5
Welcome fo Orwell's 1984.
It's funny because I was just looking at my trading fees, withdrawal fees, and other general fees charged to me by my bank, all for the privilege of being subject to huge counterparty risk. I wonder how long before NIRP comes to North America as well.
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Post by simonsays on Jun 5, 2014 8:50:50 GMT -5
Very weak action in GDX relative to gold so far....
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Post by platy on Jun 5, 2014 9:33:23 GMT -5
I think we got our gold Jupiter 36° cycle today, and Monday is Neptune Rx so I think that will be a high. Still looking for a bottom on the 14th.
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Post by simonsays on Jun 5, 2014 9:53:44 GMT -5
Went back into Primero and FNV for day trades or more. Stops at days low.
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mp
Junior Member
Posts: 77
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Post by mp on Jun 5, 2014 10:41:34 GMT -5
Markets still staying strong. SPX have broken upper diagonal trend line. It is discouraging how the intra-day charts in the index have been diverging since mid-May. That is a pretty long time. Its killing my puts.
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Post by simonsays on Jun 5, 2014 10:45:42 GMT -5
Stopped out of my NQ short for 1.2% loss. The strength is quite amazing.
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mp
Junior Member
Posts: 77
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Post by mp on Jun 5, 2014 11:48:50 GMT -5
2.5 hrs of relentless upswing and no red bars showing up on the 15min chart.
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Post by platy on Jun 5, 2014 11:56:41 GMT -5
I think the 14th double triangle may impact equities as a major high.
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Post by simonsays on Jun 5, 2014 12:04:56 GMT -5
I think the 14th double triangle may impact equities as a major high. That long eh? I'm barely able to stop myself from buying the vix right here. |
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Post by radar on Jun 5, 2014 12:13:15 GMT -5
We are getting closer and closer to Platy's mid-June hair raising date. Thank heavens we are almost at the end...
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Post by radar on Jun 5, 2014 12:23:08 GMT -5
I remember trading the ES when it was in the mid 600's and actually executing a trade at 666! (que the mystery music)
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Post by platy on Jun 5, 2014 12:31:31 GMT -5
Wow very impressive Radar!!!
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Post by daniel on Jun 5, 2014 12:44:44 GMT -5
SPITZ.... all still on pace for the 14th major bottoming in Gold.... looks like the down (since only six more trading days) will not be too severe. This seems bullish in my limited context! Thanks!!
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Post by radar on Jun 5, 2014 12:59:28 GMT -5
Personally, I'm thinking the bottom is in or very close; if price on 6/14 or thereabouts retests the 1240 area or dips a bit lower (1220-30), that might fit the bill.
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mp
Junior Member
Posts: 77
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Post by mp on Jun 5, 2014 13:12:34 GMT -5
Personally, I'm thinking the bottom is in or very close; if price on 6/14 or thereabouts retests the 1240 area or dips a bit lower (1220-30), that might fit the bill. Maybe.. But trend is still up. My assumption is that the daily charts will clue us in as to a CIT is close to the 6/14 or sooner. I am guilty of having my emotions push me to execute a trade early rather than waiting for the indicators to confirm it for me. Until then, I am still learning...
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mp
Junior Member
Posts: 77
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Post by mp on Jun 5, 2014 13:15:03 GMT -5
Personally, I'm thinking the bottom is in or very close; if price on 6/14 or thereabouts retests the 1240 area or dips a bit lower (1220-30), that might fit the bill. Maybe.. But trend is still up. My assumption is that the daily charts will clue us in as to a CIT is close to the 6/14 or sooner. I am guilty of having my emotions push me to execute a trade early rather than waiting for the indicators to confirm it for me. Until then, I am still learning...
My ST track record speaks for itself as reliable.
tfaat.blogspot.ca/
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Post by platy on Jun 5, 2014 13:33:32 GMT -5
Do you have a recent analysis on gold MP? That is what Radar is referring to.
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Post by radar on Jun 5, 2014 13:39:51 GMT -5
Maybe.. But trend is still up. My assumption is that the daily charts will clue us in as to a CIT is close to the 6/14 or sooner. I am guilty of having my emotions push me to execute a trade early rather than waiting for the indicators to confirm it for me. Until then, I am still learning...
My ST track record speaks for itself as reliable.
tfaat.blogspot.ca/
I think we are talking about two different markets.... |
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Post by radar on Jun 5, 2014 13:40:28 GMT -5
I think MP referring to one of the SM indicies and YES ABSOLUTELY trend up. Would not short here YET. I used to short the SM (liked the $10 Dow contract) and made a little money but the market traded unlike anything ever before and unlikely ever again. It was wild.
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mp
Junior Member
Posts: 77
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Post by mp on Jun 5, 2014 13:58:20 GMT -5
I think MP referring to one of the SM indicies and YES ABSOLUTELY trend up. Would not short here YET. Sorry I was referring to the overall market... ie. SPX
But here is the update for $Gold... 
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mp
Junior Member
Posts: 77
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Post by mp on Jun 5, 2014 13:59:19 GMT -5
I meant to say Triangle instead of Diagonal, and Extent instead of Extend.. lol. Mind Freeze today.
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mp
Junior Member
Posts: 77
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Post by mp on Jun 5, 2014 14:07:23 GMT -5
I meant to say Triangle instead of Diagonal, and Extent instead of Extend.. lol. Mind Freeze today. Updated the Chart...  |
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Post by simonsays on Jun 5, 2014 15:08:50 GMT -5
Closed Primero for 1.6% profit. Probably should have held on but with these swings who the hell knows.
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