Posted by highroller on 6th of Jun 2019 at 09:57 pm
your long term charts alluding to gold/silver breakouts are
wasteless info, implying that it is not safe to buy any gold/silver
stock because of some wedge, cycle is useless info. Look at all the
swings during the triangle where many profits have been made. Will
gold go straight up to a miracle point high where easy money
will be made? Obvious ups and downs as anything ,wrong site for 10
year projections in my opinion. Waste of screen real estate.
I appreciate everyone who takes the time to share ideas, so I
will never discourage anyone from sharing ideas so keep posting
goldnice. However the point you made is a similar one I've
stated before. I started BPT back in early 2003, I've seen a
lot of people come and go in that time. Most people are just not
patient enough to trade weekly and monthly patterns. Don't
get me wrong, I think it's still useful to look at larger time
frames, however I find that people here have a hard enough time as
it is trading a short term daily setup for 1 - 2 weeks, much less
trying to trade a triangle or wedge that is 8 years long. And also
patterns need to be redrawn, and fail at times, if you are trading
weekly and monthly charts, you might not find out for months or a
year or more that the pattern failed and you wasted your time.
I will look a weekly and monthly patterns, just like I did
with TSLA, but I trade off the daily and 60 min time frame, that's
my style anyway. To each his own that's what makes a market
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Silver {Big Picture} As exciting
Posted by goldnice on 6th of Jun 2019 at 09:25 pm
Silver {Big Picture} As exciting and encouraging as the recent action in gold and gold stocks has been we still need silver to breakout over $15.22.
your long term charts alluding
Posted by highroller on 6th of Jun 2019 at 09:57 pm
your long term charts alluding to gold/silver breakouts are wasteless info, implying that it is not safe to buy any gold/silver stock because of some wedge, cycle is useless info. Look at all the swings during the triangle where many profits have been made. Will gold go straight up to a miracle point high where easy money will be made? Obvious ups and downs as anything ,wrong site for 10 year projections in my opinion. Waste of screen real estate.
I appreciate everyone who takes
Posted by matt on 6th of Jun 2019 at 11:32 pm
I appreciate everyone who takes the time to share ideas, so I will never discourage anyone from sharing ideas so keep posting goldnice. However the point you made is a similar one I've stated before. I started BPT back in early 2003, I've seen a lot of people come and go in that time. Most people are just not patient enough to trade weekly and monthly patterns. Don't get me wrong, I think it's still useful to look at larger time frames, however I find that people here have a hard enough time as it is trading a short term daily setup for 1 - 2 weeks, much less trying to trade a triangle or wedge that is 8 years long. And also patterns need to be redrawn, and fail at times, if you are trading weekly and monthly charts, you might not find out for months or a year or more that the pattern failed and you wasted your time. I will look a weekly and monthly patterns, just like I did with TSLA, but I trade off the daily and 60 min time frame, that's my style anyway. To each his own that's what makes a market