$SILVER - Chart Link- remember Silver broke out
of it's bullish triangle and had a successful backtest of previous
resistance turned support - that was super low risk area to load up
if you were not already long
USAU - Chart Link- all the pm stocks are doing
great, this was a lower priced new one I had in Wednesday's
newsletter, nice pop last couple days, esp today
ha ha Steve and I know a couple guys, that's all they do, look
for large level 2 offers and scalp all day - the guys are good at
what they do but so fast, I tried to follow some of their trades in
a chat room and when I was getting my order in they were
already scaling out LOL. They are almost high frequency human
bot traders
Those guys are lightning trades LOL, so damn fast - not my
style, I do some day trades on momo stocks and futures, but I like
to catch more swing trades - and I'm so busy anyway
interacting with customers, and working on systems, website stuff,
no time for me to hyper focus all day long on level 2 scalping 100s
of times
sorry I was trying to post this in time but BA just popped.
here's the image, BA had a fairly large offer there at 184.18, here
is shows 4103 shares offered there, but it was 7,000 - when
those large offers match a resistance level, generally you get a
quick pop once that offer is taken out
anyway price took that offer before I was able to post, but this
can be an educational example
remember the BPGDM updates intra day now, you can always
check it anytime. No changes - just pull up the URL from a
past trading community post or newsletter
also you have to think about how those trending systems work:
They are going to do very well catching wave 3 trending moves, but
could have a propensity to get some chop on wave 2's and 4's where
they may not react fast enough or on noise.
the system caught a massive wave 3, and that reversal signal on
was triggered by a wave 4. My guess would be that if it goes
back long here it will be sometime in the wave 5 - which also puts
it at risk to not make much or be another whipsaw if wave 5 doesn't
trend for a while.
also keep in mind that GDX's biggest weighting is NEM, which
hasn't been as strong as the others - the strongest have been the
silver stocks
IREN - Chart Link- excellent pick by MLA the
other day, wasn't shown in last night's newsletter, was in my
Monday newsletter but I wanted to give kudos to MLA127.
TMDX - Chart Link- some of these trade ideas
that triggered 2 and 3 weeks ago continue to trend higher, simply
trail those stops up
As you know, mid day I sent out an alert that I was exiting 1/2
of the open MES breakout system trade. ES is about 25 points lower
from that exit, too early to say if wave iv has started yet but it
also could have. Still have an open contract of course with
stop in place above entry
The community is delayed by three days for non registered users.
weekly KISS updated as well,
KISS STS tables updated
Posted by matt on 17th of May 2024 at 04:43 pm
weekly KISS updated as well, and emails sent out
https://breakpointtrades.com/sts_weekly/?search=BPT_basket
yeah all the silver plays
MAG Updated
Posted by matt on 17th of May 2024 at 04:41 pm
yeah all the silver plays have been on fire for obvious reasons
if you want one that hasn't went parabolic yet, SSRM
KISS STS tables updated
Posted by matt on 17th of May 2024 at 04:14 pm
daily systems are updated. The weekly will be updated shortly - the weekly only updates on Friday for obvious reasons
https://breakpointtrades.com/sts_table/?search=BPT_basket
Silver
Posted by matt on 17th of May 2024 at 03:14 pm
SLV - Chart Link- monthly SLV
$SILVER - Chart Link- remember Silver broke out of it's bullish triangle and had a successful backtest of previous resistance turned support - that was super low risk area to load up if you were not already long
USAU
Posted by matt on 17th of May 2024 at 03:10 pm
USAU - Chart Link- all the pm stocks are doing great, this was a lower priced new one I had in Wednesday's newsletter, nice pop last couple days, esp today
ha ha Steve and I
BA daily watching
Posted by matt on 17th of May 2024 at 03:06 pm
ha ha Steve and I know a couple guys, that's all they do, look for large level 2 offers and scalp all day - the guys are good at what they do but so fast, I tried to follow some of their trades in a chat room and when I was getting my order in they were already scaling out LOL. They are almost high frequency human bot traders
Those guys are lightning trades LOL, so damn fast - not my style, I do some day trades on momo stocks and futures, but I like to catch more swing trades - and I'm so busy anyway interacting with customers, and working on systems, website stuff, no time for me to hyper focus all day long on level 2 scalping 100s of times
sorry I was trying to
BA daily watching
Posted by matt on 17th of May 2024 at 02:58 pm
sorry I was trying to post this in time but BA just popped. here's the image, BA had a fairly large offer there at 184.18, here is shows 4103 shares offered there, but it was 7,000 - when those large offers match a resistance level, generally you get a quick pop once that offer is taken out
anyway price took that offer before I was able to post, but this can be an educational example
YINN, BABA continue to follow through
Posted by matt on 17th of May 2024 at 12:07 pm
YINN - Chart Link- added a new demand zone below, and supply zone above
BABA - Chart Link-
UNG continues, Commodities higher
Posted by matt on 17th of May 2024 at 12:06 pm
UNG - Chart Link-
DBC - Chart Link-
remember the BPGDM updates intra
GDX KISS should be a new STS today
Posted by matt on 17th of May 2024 at 11:14 am
remember the BPGDM updates intra day now, you can always check it anytime. No changes - just pull up the URL from a past trading community post or newsletter
also you have to think about how those trending systems work: They are going to do very well catching wave 3 trending moves, but could have a propensity to get some chop on wave 2's and 4's where they may not react fast enough or on noise.
the system caught a massive wave 3, and that reversal signal on was triggered by a wave 4. My guess would be that if it goes back long here it will be sometime in the wave 5 - which also puts it at risk to not make much or be another whipsaw if wave 5 doesn't trend for a while.
also keep in mind that GDX's biggest weighting is NEM, which hasn't been as strong as the others - the strongest have been the silver stocks
GDX KISS should be a new STS today
Posted by matt on 17th of May 2024 at 10:56 am
hella move in the metals and stocks
gold/silver stocks of course continue to push
Posted by matt on 17th of May 2024 at 10:01 am
EXK - Chart Link-
RGLD - Chart Link-
PAAS - Chart Link-
AU - Chart Link-
KGC - Chart Link-
IREN, TMDX
Posted by matt on 17th of May 2024 at 09:55 am
IREN - Chart Link- excellent pick by MLA the other day, wasn't shown in last night's newsletter, was in my Monday newsletter but I wanted to give kudos to MLA127.
TMDX - Chart Link- some of these trade ideas that triggered 2 and 3 weeks ago continue to trend higher, simply trail those stops up
LU still one to watch, tightly coiled
Posted by matt on 17th of May 2024 at 09:50 am
LU - Chart Link- idea from Monday that hadn't triggered yet
VIX 2hr and daily
Posted by matt on 17th of May 2024 at 09:40 am
$VIX - Chart Link- some nice divergence on the MACD via 2hr time frame
$VIX - Chart Link- the daily had RSI 5 divergence
ES breakout system
Posted by matt on 16th of May 2024 at 04:20 pm
As you know, mid day I sent out an alert that I was exiting 1/2 of the open MES breakout system trade. ES is about 25 points lower from that exit, too early to say if wave iv has started yet but it also could have. Still have an open contract of course with stop in place above entry
FUTU updated view
Posted by matt on 16th of May 2024 at 03:42 pm
FUTU - Chart Link haven't posted this in a while, been holding a position because of the weekly chart break about a month ago
nice rebound in BABA, nice continued move in YINN
Posted by matt on 16th of May 2024 at 03:38 pm
BABA - Chart Link-
YINN - Chart Link-
MU testing previous highs, nice trade
Posted by matt on 16th of May 2024 at 11:43 am
MU - Chart Link-
for COST, KISS system on
COST 800+
Posted by matt on 16th of May 2024 at 11:01 am
for COST, KISS system on the website went long April 9th, not a bad entry at all
https://breakpointtrades.com/ts/view_chart.php?s=COST&g=NASDAQ_100