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The Lunatic Fringe - Trading talk.

dpong

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S&P 500 closed last week above the 10 week moving average. WTT system's trailing stops are back to 40%. [But we never lower them.]

SEDG holding a gain of 81.68% currently.

icRFLmBB.png
 
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Zed

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Not sure at this point. Miners don't seem to be acting right at this point.
GDXJ is holding ground against GDX.

sc (2).png


AUD Gold is cruising into trend @ about election day.

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It's a yawn until then IMO.

... but then... then all eyes will be on December and that HUGE delivery potential.
 

Zed

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Dollar needs to get moving here.
If it surpasses the recent high it will have defined a new trend, in fact a decent bounce here will do that but we need the new high past resistance to make it meaningful.

JMO
 

Zed

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My take on weekly gold, it's a flag, you can see the STRONG support in the mid 1700's but the odds are we will not make it there and if we do it will be brief. Election day looks as good a catalyst as any from here. If that is deemed gold positive the naked shorts have a few weeks to get out of the way of the December delivery monster.

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Goldhedge

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D-FENZ

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Low volume move higher today the longer this goes on the more I think we bottomed 2 weeks ago. Probably doesn't pay to be too cute. AG actually acted like a Silver stock today. Probably washed it out last week at just below the 50 fibo. 8 weeks off the tops now. Sucker rally or off to the races I think we get the answer this week. 1/3 long AG waiting to add HL and CDE on breaks.
Daily chart on silver looks a lot like an ugly bear flag. Looks to me like we could be baking a $20 cake by Friday.
 

dpong

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That's it, it is the discipline to limit losses and REPEATEDLY go back to market KNOWING that every loss gets you closer to a win. It is HARD to do, but if you take ten small losses the odds are that you are closer to a big win than ever before. Requires a BULLETPROOF mindset.
Yes, that is it. The reason I feel so rock-ribbed with this system is I understand *why* it works. That is everything.
 

Lancers32

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Looks like we are going to see some resolution to the downside Gold and Silver thus far rejected at resistance.
CDE HL hanging tough MTA $hit the bed. IF we get suspected downside targets $1800 $20ish silver do we make new lows in the miners or do we catch at or slightly above the lows of two weeks ago?
Wish list. CDE $6.20 HL $4.25 MTA $6.35.
 

dpong

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Apparently Trump just called off GOP negotiating for a stimulus package. I think that is what is up here.
 

savvydon

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Lotta whipsawing happening here. Past week or two I have not reached my limit buys or sells. Sitting tight and ready for action either which way this thing resolves.
 

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Apparently Trump just called off GOP negotiating for a stimulus package. I think that is what is up here.
I was wondering what was up. Nadaq futures were hammered the last hr of trading and level 2 was nuts. I'm still testing out platforms, the one I am using now failed. :(. It was fine up until today then the heavy volume made it do quirky things. Talking with the company now to see if they can straighten it out. If not it's on to the next trial. LOL.
 

dpong

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I hope everyone gets the price they want in this pullback. It will take 1860 to break my bullish symmetrical triangle stairway to heaven scenario. Good luck, guys.
 

Zed

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Virtually no reaction down here to the overnight action in USD gold. AUD Gold still flat to sideways.
 

Zed

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The gold tribe have just gone green post lunch. Honestly I expected more blood... but nope!
 

savvydon

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The gold tribe have just gone green post lunch. Honestly I expected more blood... but nope!
Silver trying to crawl back out of its hole without dollar weakness in Asian trading. This is odd stuff, for sure... let the whipsawing continue.
 

Zed

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The gold tribe have just gone green post lunch. Honestly I expected more blood... but nope!
+~1.6% today.

Who'd thunk it after this AM.

The tribe have taken brave pills!

Aided by the fact that two of the tribe have agreed to a merger of equals to produce a global top 10 producer.... and the deal actually makes sense! Yesterday was ~ 10%+ bump off the back of the news, good day.

ASX:NST + ASX:SAR = ASX:???

Probably still Northern Star (NST) but we may get a new name. Not that it bothers you guys... who knows they may even move off the pink sheets in the US!
 

Zed

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Silver trying to crawl back out of its hole without dollar weakness in Asian trading. This is odd stuff, for sure... let the whipsawing continue.
Trend held, looking OK for now IMO.

Untitled.jpg
 

Varmint Hunter

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dpong

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The miners are bid higher in premarket trade.
 

Lancers32

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Noticed that PSLV is up more than nearly 3 times SLV on a % basis this morning. Strange.
 

Goldhedge

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dpong

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From Weekend Trend Trader strategy, here is my current distribution of trades. [I can't draw.]

I drew a center line [purple]. Trades to the left of that line are losses. Trades to the right are wins. I tried to sketch in an approximate normalized bell curve so you get the picture.

WTT works by always capping losses so the tail of the bell curve never goes very far to the left. But the right hand tail of the bell curve is allowed to go as far right as possible.

Currently there are more trades on the left of the center line. That would be because I was fully invested when the crash o' 2020 occurred. Still with all trades [open and closed] considered, we are winning right now..

[From the chart I currently have 10 trades that have larger gains than my 1 largest loss. Some of those wins are multiples larger.]

Window_and_2020_Positions-2.jpg
 
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dpong

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SolarEdge (SEDG) milestone. Up 100.86%.

[I'm starting to get lucky.]

VZFCuIpe.png
 

Zed

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Zed

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dpong

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