Hopefully we'll get a washout today, volume was pretty heavy on
GDX yesterday, maybe a doji on high volume today. Just don't try to
catch a falling knife...
Another thing that would be positive would be a red to green
move where it's weak in the morning and closes up. A lot of
bottoms tend to form that way; start off weak in the morning then
reverse, NOT by starting off strong. Whenever I'm looking for
a tradeable low in something, I want to see it start off weak in
the morning not strong.
But this brings up a point, something I've learned over the
years. Never ever get over confident about trading, thinking you
master it and figured it out etc. A lot of traders get
superstitious but I can see why, because many times when I've been
over confident, look out, the trading gods come back and spank my
ass LOL. Never get complacent. Being serious for a min,
that's what happens, when you get over confident you tend to get
complacent and lose disciple and that's what comes back to bit
you
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I called the low to
JNUG buy: that was so obvious buy. Like shooting fish ...
Posted by torvix on 27th of Aug 2018 at 11:49 pm
I called the low to the day. Its so easy my friend. Im sorry to hear you having problems.
Sorry your low didn't hold,
Posted by disciple33 on 11th of Sep 2018 at 09:40 am
Sorry your low didn't hold, my friend.
Hopefully we'll get a washout
Posted by oatdust on 11th of Sep 2018 at 10:11 am
Hopefully we'll get a washout today, volume was pretty heavy on GDX yesterday, maybe a doji on high volume today. Just don't try to catch a falling knife...
on GDX yes I would
Posted by matt on 11th of Sep 2018 at 10:15 am
on GDX yes I would love to see a doji etc.
Another thing that would be positive would be a red to green move where it's weak in the morning and closes up. A lot of bottoms tend to form that way; start off weak in the morning then reverse, NOT by starting off strong. Whenever I'm looking for a tradeable low in something, I want to see it start off weak in the morning not strong.
It's still early, but GDX
Posted by pebs on 11th of Sep 2018 at 12:27 pm
It's still early, but GDX has that doji look to it. Let's see how it closes.
lol
Posted by roger on 11th of Sep 2018 at 09:51 am
lol
come on now guys let's
Posted by matt on 11th of Sep 2018 at 10:13 am
come on now guys let's not pick on him!
But this brings up a point, something I've learned over the years. Never ever get over confident about trading, thinking you master it and figured it out etc. A lot of traders get superstitious but I can see why, because many times when I've been over confident, look out, the trading gods come back and spank my ass LOL. Never get complacent. Being serious for a min, that's what happens, when you get over confident you tend to get complacent and lose disciple and that's what comes back to bit you