My only skeptical comment would be regarding timing. I would
expect the Fed to do what they need to, to keep the market propped
up until the election in November. I realize that has nothing to do
with TA, but it may affect the markets. I recall brophy’s
post about presidential election cycles.
No, I haven’t blown up my plan. I have made almost 20k in
profits the last two days. I have paid for this service for over
ten years and followed it pretty closely, but you’re right, I
struggle with developing a plan. And you’re right , I tend to
swing too hard and too fast, then react. Also I am a swing
trader, not a day trader, so interpreting day trade comments and
trying to convert them to swing trade action is a bit difficult.
I am using IRA money and have to respect the 2 day
restriction on selling. Per our DUST/GDX example, maybe I can learn
to enter and exit in increments so that I have more flexibility in
timing and can make more gradual shifts instead of too much all or
nothing. I have learned a lot from you, but not enough, and I tend
to trigger you when I ask a dumb question. Sorry for that. I’ll
work on it.
My observations are that this is the C leg of a possible ABC
reversion. I believe that Gold may be in a longer term
bull market, so this may be the time to take some profits. I
don’t think that 5 legs are likely in this scenario, but I could be
wrong.
Hard to know. “Halving” is supposed to be somewhere
between 4/18-4/20. Supposed to be a catalyst for bull run. Rare
event, but has been every time in the past, but don’t consider this
a reliable “truth.” Nothing is guaranteed with crypto.
I’m thinking we are in the lull before the
storm.
The community is delayed by three days for non registered users.
My only skeptical comment would
SPX and one scenario the abc
Posted by mdgfain on 27th of Apr 2024 at 10:02 am
My only skeptical comment would be regarding timing. I would expect the Fed to do what they need to, to keep the market propped up until the election in November. I realize that has nothing to do with TA, but it may affect the markets. I recall brophy’s post about presidential election cycles.
Extremely helpful charts. Thanks for
SPX and one scenario the abc
Posted by mdgfain on 27th of Apr 2024 at 09:28 am
Extremely helpful charts. Thanks for the perspective and potential scenarios, Matt.
Ok. Thanks. Sorry for the
Steve, Is it a good time to sell DUST?
Posted by mdgfain on 23rd of Apr 2024 at 04:27 pm
Ok. Thanks. Sorry for the confusion. It was under my heading on the Community post, and I didn’t open the whole chain. I have been working.
No, I haven’t blown up
Steve, Is it a good time to sell DUST?
Posted by mdgfain on 23rd of Apr 2024 at 02:44 pm
No, I haven’t blown up my plan. I have made almost 20k in profits the last two days. I have paid for this service for over ten years and followed it pretty closely, but you’re right, I struggle with developing a plan. And you’re right , I tend to swing too hard and too fast, then react. Also I am a swing trader, not a day trader, so interpreting day trade comments and trying to convert them to swing trade action is a bit difficult. I am using IRA money and have to respect the 2 day restriction on selling. Per our DUST/GDX example, maybe I can learn to enter and exit in increments so that I have more flexibility in timing and can make more gradual shifts instead of too much all or nothing. I have learned a lot from you, but not enough, and I tend to trigger you when I ask a dumb question. Sorry for that. I’ll work on it.
Thanks. That was helpful.
GDX 120 Additional Comments
Posted by mdgfain on 23rd of Apr 2024 at 02:34 pm
Thanks. That was helpful.
Thanks.
Steve, Is it a good time to sell DUST?
Posted by mdgfain on 23rd of Apr 2024 at 11:00 am
Thanks.
My observations are that this
Steve, Is it a good time to sell DUST?
Posted by mdgfain on 23rd of Apr 2024 at 10:59 am
My observations are that this is the C leg of a possible ABC reversion. I believe that Gold may be in a longer term bull market, so this may be the time to take some profits. I don’t think that 5 legs are likely in this scenario, but I could be wrong.
Speculating.
Steve, Is it a good time to sell DUST?
Posted by mdgfain on 23rd of Apr 2024 at 10:52 am
Speculating.
Steve, Is it a good
Posted by mdgfain on 23rd of Apr 2024 at 10:46 am
Steve, Is it a good time to sell DUST?
Hard to know. “Halving” is
Bitcoin $61,374.66 = anything to act on ?
Posted by mdgfain on 17th of Apr 2024 at 11:11 am
Hard to know. “Halving” is supposed to be somewhere between 4/18-4/20. Supposed to be a catalyst for bull run. Rare event, but has been every time in the past, but don’t consider this a reliable “truth.” Nothing is guaranteed with crypto. I’m thinking we are in the lull before the storm.
Thanks, Steve
Steve, what is the MES or ES equivalent of SPX ...
Posted by mdgfain on 17th of Apr 2024 at 08:32 am
Thanks, Steve
Steve, what is the MES
Posted by mdgfain on 17th of Apr 2024 at 08:08 am
Steve, what is the MES or ES equivalent of SPX 5107.94. About 5150? Thanks!
SOX tipping below trend line.
Posted by mdgfain on 12th of Apr 2024 at 10:45 am
SOX tipping below trend line.
mka127, KOLD looks like a
KOLD ... it's shoulder season ... keep an eye out ...
Posted by mdgfain on 11th of Apr 2024 at 02:39 pm
mka127, KOLD looks like a bargain. Is it actively traded enough to be able to sell when the price is higher? Thanks.
I understand the risk. Where
BTTR nice pop today, was up 20%, whoever posted it ...
Posted by mdgfain on 10th of Apr 2024 at 11:07 am
I understand the risk. Where is smoke, sometimes there is fire and sometimes somebody just burned the bacon! LOL! Thanks again.
Ha. Thanks anyway! It looked
BTTR nice pop today, was up 20%, whoever posted it ...
Posted by mdgfain on 10th of Apr 2024 at 10:53 am
Ha. Thanks anyway! It looked good to me. Got about 15% off of it and sold.
DigiNomad, I found your post.
BTTR nice pop today, was up 20%, whoever posted it ...
Posted by mdgfain on 10th of Apr 2024 at 10:46 am
DigiNomad, I found your post. Did you buy BTTR?
BTTR nice pop today, was
Posted by mdgfain on 10th of Apr 2024 at 10:37 am
BTTR nice pop today, was up 20%, whoever posted it (mla127, Digi. Matt?), do you have a target or did you sell already? Thanks!
Thx!
QCOM
Posted by mdgfain on 9th of Apr 2024 at 11:23 am
Thx!
Slightly upsloping pennant. You looking
QCOM
Posted by mdgfain on 9th of Apr 2024 at 11:08 am
Slightly upsloping pennant. You looking for a breakout, mla127?