Starting a new topic.

gld and gdx 15 – seem to be doing their best to imply that the top might already be in, while also conforming to the scenario for completing minor 4.

Gdx got sold hard after the gap open at 25.32, where:

25.71 – 24.60 = .618 at 25.29
25.36 – 24.86 = .886 at 25.30

It has now moved to 24.61, where:

22.78 – 25.71 = .382 at 24.59

gld sells off hard and stops dead at the .382? Nice try.

I got crushed in the market yesterday in my paper trading. Today, at least I made a profit. I bought AET because it looked strong to me. I went long, price reversed, and I had a paper loss. I sold AET for a loss. A little later, AET rose above my entry point, but I had already sold at a loss. Again, I have to learn to improve my patience! I sold short INT, which had missed earnings estimates yesterday, after the CLOSE. I made some and got profitable. I need to learn more about the "uptick rule" (SEC 201).










Al : )

It seems that Cable is likely to follow the scheme from this week - sell around European open and keep it/reverse around American one.
My levels down are at 1.2460 and 1.2405 with minor support at 1.2430.

Again, Cable is spending hoursi n 30-40 pips range. They may send it a few pips above the current HOD before a drop.
Right now they are continuing to kill time. The last two weeks really suck in terms of volatility. Apart from one day, it remained in a lower 20% of daily range distribution.

NUS missed earnings estimates which were released yesterday after the close. I made a bit on NUS this morning by going short NUS. I got out too soon with a smaller profit, and could have made more, if I had kept my wits about me and noticed that price was repelled by the 8ema (the black dotted line). Yesterday, I lost on 60% of the trades I entered. : (







Al : )