Whatever the reason,
gold just had its biggest flash crash in nearly two years,
as a targeted stop hunt launched by the dumping of $2.7 billion
notional in product, accelerates the capitulation of the momentum
buyers (and in this case sellers) pushing gold to a level not seen
almost since 2009.
The price appears to have rebounded after the initial shock, up
about $20 from the intraday low of $1,086 but we expect that to be
retested shortly, and for gold to plunge further into triple
digits, at which point gold miners will simply cease to produce the
metal whose all-in production
cost is in the $1100 and higher range, when it will also become
clear that only derivatives and "paper" are the marginal "price"
setters.
Shorts - When
price is below the 160 day SMA, when RSI closes above 10%, take a
short position at the close of the day.
Exit the Short when price closes
below the 8 day SMA, if our custom momentum indicator doesn't tell
the system to hold the trade for a longer period of time, exit the
trade at the close of the day.
Good advice. I was thinking the same on the candle.
I guess I am trying to gauge the chance of Greece having a
change of heart and trying to enter into negotiations.... I
think highly unlikely, however i have been wrong more than right
with prognostications. ;)
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Congrats Matt
Posted by whs956 on 12th of Aug 2015 at 05:33 pm
All the best to you and family.
From Zero Hedge
Gold Futures Down in Asia
Posted by whs956 on 19th of Jul 2015 at 11:13 pm
Whatever the reason, gold just had its biggest flash crash in nearly two years, as a targeted stop hunt launched by the dumping of $2.7 billion notional in product, accelerates the capitulation of the momentum buyers (and in this case sellers) pushing gold to a level not seen almost since 2009.
The price appears to have rebounded after the initial shock, up about $20 from the intraday low of $1,086 but we expect that to be retested shortly, and for gold to plunge further into triple digits, at which point gold miners will simply cease to produce the metal whose all-in production cost is in the $1100 and higher range, when it will also become clear that only derivatives and "paper" are the marginal "price" setters.
XIV
Posted by whs956 on 13th of Jul 2015 at 02:18 pm
Fun trade today. I am sad about losing the TICK TOOL.
Matt: RE: Tick Tools URL
Posted by whs956 on 13th of Jul 2015 at 08:42 am
Does your link not work until the open?
very nice
How to play the Tick Tools 11:30 thing?
Posted by whs956 on 10th of Jul 2015 at 03:08 pm
short the rips, cover the dips
Posted by whs956 on 9th of Jul 2015 at 01:17 pm
looks like a good plan for today =)
need to edit the overview in Mech Systems...
SPY RSI 2 short watch?
Posted by whs956 on 30th of Jun 2015 at 04:05 pm
here is what it says:
Shorts - When price is below the 160 day SMA, when RSI closes above 10%, take a short position at the close of the day.
Exit the Short when price closes below the 8 day SMA, if our custom momentum indicator doesn't tell the system to hold the trade for a longer period of time, exit the trade at the close of the day.
SPY RSI 2 short watch?
Posted by whs956 on 30th of Jun 2015 at 03:40 pm
below 160, above 10%
SPY RSI 2
Posted by whs956 on 30th of Jun 2015 at 10:51 am
short setting up here? below the 160 and above 10%?
Thanks Matt
informal opinion poll
Posted by whs956 on 29th of Jun 2015 at 03:05 pm
Good advice. I was thinking the same on the candle. I guess I am trying to gauge the chance of Greece having a change of heart and trying to enter into negotiations.... I think highly unlikely, however i have been wrong more than right with prognostications. ;)
H&S seems like it is going to play out. my bias is remain short
informal opinion poll
Posted by whs956 on 29th of Jun 2015 at 02:29 pm
informal opinion poll
Posted by whs956 on 29th of Jun 2015 at 02:23 pm
thoughts on holding short positions over night?
nearing critical support on the H&S
Posted by whs956 on 29th of Jun 2015 at 12:26 pm
on the SPX chart. doesn't look good for longs here
topping tails on the 15 min SPY
Posted by whs956 on 29th of Jun 2015 at 10:54 am
sellers seem to have the upper hand right now
SPY RSI 2
Posted by whs956 on 29th of Jun 2015 at 10:29 am
looks like we may get a buy on this after the close?
15 min SPY
SPX daily
Posted by whs956 on 29th of Jun 2015 at 10:26 am
lower highs, lower lows. looks like shorting at resistance is a plan
Nice Matt.
Futures HUGE gap down down 40 points!
Posted by whs956 on 28th of Jun 2015 at 06:56 pm
Bonds
Posted by whs956 on 28th of Jun 2015 at 06:53 pm