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Private Island Traders

  • #301
  • Oct 15, 2019 11:49am Oct 15, 2019 11:49am
Quoting Ll1979
Gold: Risk remains for a break higher – Commerzbank 15 October 2019, 15:51 In view of Karen Jones, analyst at Commerzbank, Gold’s price action continues to resemble a consolidation pattern. Key Quotes “We view this in a bullish light and would consider a close above the near term resistance line at 1515 as the precursor to a challenge of the 1557.29 4th September high.” “Gold has previously completed a major base. This offers an upside measured target to 1690/1704 longer term. The recent low at 1459 is regarded as an interim low and together with...
Hello Li, I had the right side for gold, seems it was stalling and I too'd and froe'd with direction, eventually closing on unpredictability, holidays never helped with volumes either, will keep an eye on gold, if it carries on then 1450 target, mental note, live and die by my own decisions, did you get my message, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #302
  • Oct 15, 2019 11:51am Oct 15, 2019 11:51am
WTI long, opened @ 53.52 chart leading the way, D

Target 58.50 if it goes a little ambitious but have it pegged on the 4hr

Volume activity in the selling has dominated but the buy activity coming back, seem the buying taken more ground than selling pressure, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #303
  • Oct 15, 2019 12:19pm Oct 15, 2019 12:19pm
After my position in WTI has closure in either way, I will be keeping out of the market for the brexit run up, unless I see a great opportunity arise, my powder will be keeping dry, will still be here and commenting though, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #304
  • Oct 15, 2019 12:36pm Oct 15, 2019 12:36pm
Quoting detector
{quote} Hello Li, I had the right side for gold, seems it was stalling and I too'd and froe'd with direction, eventually closing on unpredictability, holidays never helped with volumes either, will keep an eye on gold, if it carries on then 1450 target, mental note, live and die by my own decisions, did you get my message, D
Yeah but missing some stuff. On what timeframe do you trade atm?
persistence and determination alone are omnipotent
  • #305
  • Oct 15, 2019 1:21pm Oct 15, 2019 1:21pm
Quoting Ll1979
{quote} Yeah but missing some stuff. On what timeframe do you trade atm?
Ok, send me a message, time frame hourly & 4, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #306
  • Oct 15, 2019 1:43pm Oct 15, 2019 1:43pm
Quoting detector
{quote} Ok, send me a message, time frame hourly & 4, D
Will send you an email tomorrow
persistence and determination alone are omnipotent
  • #307
  • Oct 15, 2019 2:15pm Oct 15, 2019 2:15pm
closed NQ scalp for +7.5 points

opened it about 2 hours before trading close, I normally don't trade this close to 17:00 ET shutdown

NQ is my primary (only?) focus
  • #308
  • Oct 15, 2019 3:07pm Oct 15, 2019 3:07pm
Quoting Ll1979
{quote} Will send you an email tomorrow


Quoting timingchain
closed NQ scalp for +7.5 points opened it about 2 hours before trading close, I normally don't trade this close to 17:00 ET shutdown NQ is my primary (only?) focus
Great chess TC, I'm not looking past oli for the mo, my last trade until brexit, taking on a more of a consulting role (I Wish) D
I don't need to be good at the game, only good enough to beat my opponent,
  • #309
  • Oct 15, 2019 6:10pm Oct 15, 2019 6:10pm
Quoting timingchain
closed NQ scalp for +7.5 points opened it about 2 hours before trading close, I normally don't trade this close to 17:00 ET shutdown NQ is my primary (only?) focus
Nice work! Why NQ as opposed to ES or YM?
Self-sufficiency is the greatest of all wealth. - Epicurus
  • #310
  • Oct 15, 2019 6:38pm Oct 15, 2019 6:38pm
Quoting Ef5
{quote} Nice work! Why NQ as opposed to ES or YM?
NQ usually goes through larger % changes than the other two. NQ dropped ~80% during the 2000 crash--hoping for a similar move when The Great Unraveling arrives. How far will Apple, Google, etc, fall when the party ends?

Beyond that, I like its PA patterns, feel comfortable reading them.

Chart By Richard Kohar - I created this in Matlab. The data is from http://stooq.com/q/d/?s=^ndx, CC BY-SA 3.0, https://commons.wikimedia.org/w/inde...curid=39827960
https://upload.wikimedia.org/wikiped...to2015.svg.png
  • #311
  • Oct 15, 2019 6:52pm Oct 15, 2019 6:52pm
Quoting timingchain
{quote} NQ usually goes through larger % changes than the other two. NQ dropped ~80% during the 2000 crash--hoping for a similar move when The Great Unraveling arrives. How far will Apple, Google, etc, fall when the party ends? Beyond that, I like its PA patterns, feel comfortable reading them. Chart By Richard Kohar - I created this in Matlab. The data is from http://stooq.com/q/d/?s=^ndx, CC BY-SA 3.0, https://commons.wikimedia.org/w/inde...curid=39827960 {image}
Ahh, thanks for the explanation! That's the exact reason I have a lot of QQQ, the Nasdaq just moves more than the other two. That said, I thought NQ actually dropped less than ES and YM back in 2008-09?

I'll probably be taking on a long-term short position fairly soon. I'm thinking short ES and SPY puts, but I haven't worked out the exact plan yet.
Self-sufficiency is the greatest of all wealth. - Epicurus
  • #312
  • Oct 15, 2019 7:07pm Oct 15, 2019 7:07pm
Quoting Ef5
{quote} Ahh, thanks for the explanation! That's the exact reason I have a lot of QQQ, the Nasdaq just moves more than the other two. That said, I thought NQ actually dropped less than ES and YM back in 2008-09? I'll probably be taking on a long-term short position fairly soon. I'm thinking short ES and SPY puts, but I haven't worked out the exact plan yet.
It sounds like you have done your homework beyond what I have. I have not done a 2008 comparison, nor looked at many other alternatives.

I'm thinking about the transition from scalping and day trading to longer term--not ready yet.
  • #313
  • Oct 16, 2019 11:19am Oct 16, 2019 11:19am
Hello all, opened a speculative buy on gold, 1489, chart showing what could be a boost on the 4hr, price rising to a sloping support line, the setup could see it it push through, tight stop to get out if it fails, D
EDIT
1500 target
I don't need to be good at the game, only good enough to beat my opponent,
  • #314
  • Oct 16, 2019 11:29am Oct 16, 2019 11:29am
Gold had a failed attempt at the support on the las 4hr bar, price retraced, looks like another attempt, if it sticks it may well lead up, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #315
  • Oct 16, 2019 11:42am Oct 16, 2019 11:42am
Inserted Video
persistence and determination alone are omnipotent
  • #316
  • Oct 16, 2019 11:44am Oct 16, 2019 11:44am
Quoting detector
Hello all, opened a speculative buy on gold, 1489, chart showing what could be a boost on the 4hr, price rising to a sloping support line, the setup could see it it push through, tight stop to get out if it fails, D EDIT 1500 target
Great recovery on the oil D! Don't push the luck
persistence and determination alone are omnipotent
  • #317
  • Oct 16, 2019 11:50am Oct 16, 2019 11:50am
Quoting Ll1979
{quote} Great recovery on the oil D! Don't push the luck
Li your very right, and I forget you can see my TE, will keep a very good eye, was just an opportunity arising , will cut as soon as, have to admit, times when I thought of quitting the position, very nerveracking D
I don't need to be good at the game, only good enough to beat my opponent,
  • #318
  • Oct 16, 2019 12:30pm Oct 16, 2019 12:30pm
WTI short closed, still holding gold, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #319
  • Oct 16, 2019 12:33pm Oct 16, 2019 12:33pm
Added to gold ,D
I don't need to be good at the game, only good enough to beat my opponent,
  • #320
  • Oct 16, 2019 12:43pm Oct 16, 2019 12:43pm
I see weakness on the Dow, any comments, may short, the sloping res line has shown rejection of the price
I don't need to be good at the game, only good enough to beat my opponent,
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