What do you think about gold in here? Turd is getting skittish, but I feel like the longer it hangs around in this area, the more I like it. 1528 as I type.
Turds Bottom #2 and the 50 day
The whole atlee perspective (and his on your work) is a distraction.
Your work is pretty much pure TA. Atlee and Turd both use other factors in making statements and predictions.
It's a style difference. TA can always be backed by math and yet the math works until it doesn't.
I follow all of you and then do my own thing anyway. Having been in the forecasting business for years I've seen a lot and there isn't one best method even though it would be easier to have a best method than to find best forecasters.
Really like reading your work. Thanks for contributing.
Maybe it goes to 150 MA maybe not. Maybe it goes down, maybe it goes up, - no matter. The point is to make money. To that end I will be buying some every 10 points down, tweaking my buys into a pyramid when necessary. If I spend all my time guessing about 'the bottom' or the next time cycle or whatever someone else said I will not only tie myself into a knot but I will be spending too much time on the wrong thing imo. Wherever it goes I hope to respond on all pulldowns,weakness and sales.
I am jittery about this summer/fall in general. My crystal ball is just really cloudy right now and I fear volatility in all directions. But for right here, right now, I feel good about gold.
I agree with Happy's post. I like your posts. I like atlee's posts too. I can digest it all and make up my own mind. I don't see why the butting heads all the time. But I digress...
I think I am beginning to lean towards your camp LH - however I am not ready to commit yet. If I see a downswing with support or an upside breakout I think I may go in.
That's a powerful chart. Right freaking on just prior to 10 am. 3 days.
I've been trying to trade that spike but I don't use market orders and have had to guess where it would top. Last two days I set my buy just a teeny tiny bit high and missed. Today I moved it down and took it before the maximum peak. In silver not gold but similar charts.
Wondering where that volume comes from and if it is a strategy of a big player to set up bull players. But that's not TA ;)
LevelHeaded - to add to my comments from the other day. I've worked with forecasters who are amazing yet use vastly different processes and even fight among themselves. I used to think it was about ego and some of it is for sure. Nowadays I think it's about loving their work and wanting to pull other strong forecasters into it.
Always enjoy reading your guys analysis.
This place is huge, glad I find your guys at last.
Hi level, glad I found you too.
Been so engrossed on the silver board, I haven't really looked around the rest of the site til now!
I'm also a fan of the 3 day charts, really helps show patterns.
Any thoughts of silvers moves next week with it's "frisky" finish?
I'd keep it in the Gold area. There's enough people watching every tick of the silver market.
Call it whatever you'd like. Use Level Headed in the name, or just something more generic like Gold Trader, or whatever.
How about Gold Headed?
Have to say I don't know who the hell is tipping me, I noticed I had more so tipped you to, well, tip the balance!
Gonna do some reading to tip which side of the silver fence I'm on, may wait for a little pull back on gold before I build on the longs. I hate buying on highs!
I am nobody. I posted in the old shop just couple of times then I was locked out because my google account.
Anyway, I have been reading your levelheaded comments and they are helpful because I tend to get emotional in trading.
It's a great idea to set a shop here or in silver forum.
I would wish you talked about gold and silver regardless where the shop is.
I just covered my equity short position and now I am 100% cash.
I planed to either side line or play short in the summer,
Gold looks great today, I start to worry the train leaves without me.
Maybe buy a little when dip comes next week.