The setup for the big trade

12383 posts / 0 new
Last post
Wed, Jun 12, 2019 - 1:39pm argentus maximus
boomer sooner
Offline
-
Norman, OK
Joined: Apr 18, 2013
1768
8608

Hammer thingy at the end,

Hammer thingy at the end, bounce a little, then shit the bed. Down to lower range going back 5/6 years.

Looks similar to gold inverted.

Wed, Jun 12, 2019 - 2:17pm
Silver_Surfer
Offline
Joined: Jul 5, 2014
135
325

I'd be cautiously optimistic.

I'd be cautiously optimistic. Reversal candle looks like it's putting in a higher low, will consolidate a bit and take off after the inflection. Looks suspiciously like the inversion of a doodle I made on a precious metal chart once. ;)

Looking to trade crypto on leverage? BitMex is the biggest and most liquid crypto futures exhange that offers leverage up to 100x. Click here to get a 10% fee discount during the first 6 months. Please don't wreck yourself by actually leveraging 100x. Alternatives are 1Fox & 1Broker (1Broker has forex & legacy markets also).
Wed, Jun 12, 2019 - 3:07pm
Solsson
Offline
-
Ankeborg
Sweden
Joined: Dec 14, 2013
1098
4197

Looks like a currency but it

Looks like a currency but it's not GBP ...

breakdown backtest and then freefall to test bottom range, buy precious!

Annoying sound, when I tried them all at the same time it sounded like the rythm of a heartbeat.

Wed, Jun 12, 2019 - 4:32pm
Offline
-
PA
Joined: Jun 14, 2011
2164
43782

My guess

My guess is the USD/CAD chart... and it’s going down, baby! USA!!! USA!!!

Wed, Jun 12, 2019 - 6:15pm argentus maximus
CaptK
Offline
Joined: Nov 12, 2013
191
1199

Bonus prize

It closely resembles the inverse of the monthly GOLD chart. I would be bearish of the chart depicted(bullish of the GOLD chart if correct).

Edit: I just noticed that Boomer Sooner beat me to the punch.

Wed, Jun 12, 2019 - 7:33pm
Offline
-
Dublin
Ireland
Joined: Jan 20, 2013
3826
25123

It's the inverse of gold -

It's the inverse of gold - IMF special drawing rights.

The XDR priced in gold, in other words. And that is a very important pricing for gold wherein ALL central bankers AND THEIR forex currencies are pushed onto the same side of the asset price, allowing us to gauge their ability to trade that one thing which is not theirs (even though they use ersatz gold, and extreme quantities of their forex to deliberately inflate/deflate the supply of real Au money).

I'll do analysis on it in the morning.

argentus maximus Rhythm and Price http://www.greenhobbymodel.com/rhythmnprice.html This analysis - global markets
Wed, Jun 12, 2019 - 9:11pm
Offline
-
Hiding in the lava tubes northwest of Flagstaff
Joined: Jun 22, 2011
4351
48985

What a fun little challenge!

At the end of a long day, with a beer and glass of wine under my belt, my gut said the chart was headed down. Thanks for posting this Argentus. As a teacher, I thought this was a great test question.

Thu, Jun 13, 2019 - 11:32am
zman
Offline
Joined: Jun 15, 2011
1399
4642

Federal deficit

https://www.marketwatch.com/story/us-budget-deficit-widens-to-208-billio...

"$208 billion deficit in May, a jump of 41% from a year ago" Yet, interest rates headed LOWER.

"net interest on public debt surged by 34%" This is why interest rates MUST go back to 0%'

"Revenue rose 7%" This is why asset prices MUST stay high and go even higher. Also, that is NOT a sign of a recession.

Fri, Jun 14, 2019 - 9:23am
Green Lantern
Offline
Joined: Jun 15, 2011
8517
48985

Lost my gold charts. Very

Lost my gold charts. Very strong impulsive 1,2,3 waves. Now corrective phase. Two huge bullish candles. No question within a summer rally. Summer solstice date 21st, inflection the 24th.

I'm looking to trade w/confirmation of corrective wave phase and then watch solstice date for another trade into Mid-July for a gold high. watching fib levels on the way down. Silver too. Not sure of inflections in silver so could have less pull back then gold?and run till Mid July.

1362 or 1365 monthly probably as high as it gets. Busts through that, then different game.

I'm looking at this as a trader. Good range, makes profitable trades.

The range down to an intraday doesn't seen to be random.

Instead of redoing charts, I'll share a quote. Boy don't mince words, and takes Gann and Elliott Wave public figures to task. He was 100% a gold trader. He knows this market.

Robert Miner, Traders World #22

I’ve put my knowledge and reputation on the line every month with published analysis and forecasts since 1986. Why aren’t these people who claim to have discovered the hidden secrets, the Holy Grail of the markets, doing this? The answer is pretty simple as far as I am concerned. The only thing they have discovered is how to tap into the illusions of others.

What other analysis and trading techniques do you use? It seems from the discussion up to this point, that Gann analysis is all I do. This isn’t true, although I know a large proportion of your readers are interested in Gann analysis techniques, plus I humbly claim to have written the only practical instructional material related to Gann’s work.

If traders take the time to thoroughly study market behavior by studying past charts and testing every single analysis and trading technique, they will gain the confidence to understand market activity. Few traders take this time. Trading is no different than any other business. The skills must be learned and experienced in order to be put into practice in a consistent manner.

Fri, Jun 14, 2019 - 9:25am argentus maximus
CaptK
Offline
Joined: Nov 12, 2013
191
1199

I'll do analysis on it in the morning.

Will you share it?

Fri, Jun 14, 2019 - 9:59am CaptK
Green Lantern
Offline
Joined: Jun 15, 2011
8517
48985

CaptK wrote:

CaptK wrote:

Will you share it?

me?

share what?

gold charts?

range/harmonic ratio in gold?

Fri, Jun 14, 2019 - 10:08am argentus maximus
erewenguy
Offline
-
GA
Joined: Jun 14, 2011
1007
3677

That was interesting.

That was interesting.

Fri, Jun 14, 2019 - 11:12am
CaptK
Offline
Joined: Nov 12, 2013
191
1199

Missing Post?

On the forums it states that erewenguy has posted on setup for the big trade but it does not show on the forum:

"Forums Forum Topics Posts Last post Traders For those looking to gain an edge in the markets! Up, down, or sideways, opportunities always exist. 146 56456

The setup for the big trade by erewenguy 54 min 41 sec ago"

Is anyone able to read this post?

Also on my last post #11941 it show I was replying to #11947 which is not the case. I am not a time traveler!!

Fri, Jun 14, 2019 - 12:17pm
Offline
-
Dublin
Ireland
Joined: Jan 20, 2013
3826
25123

Sure

There are several possible time inflections (against the top 5-7 FX comprising the IMF's SDR) shows, and I dated the ones nearer to the present.

The upper of the two descending blue trendlines, now acts as support, with buyers lurking in proximity to there.

The rising red trend has expired and is no longer relevant, though it brought a secondary high at its termination.

Harmonic projection has ducked and dived through two major cycle inversions during the period shown. We can see it "getting lost" after the mid 2018 low, until the recent high. Well, the recent inversion has not moved forwards enough to see if it is still "good" or inverted, and waiting is required to evaluate this tool for a while. I suspect it may "return to good" again, cautiously.

The centre of the 2017-2018 trading range, which is clearly on volume at price (not shown) has been exceeded ,price fell back to it in a retest, and the gold price has rebounded upwards after the retest. This is now also a stop location.

There was a fractal which helped bring gold back up to the long term eight year descending selling trend. that has expired and disappeared, but it got gold to the place where the breakout would take place. This increases probability that support (or resistance) will solidify and harden, (and gain longevity) at the breakout location. But stops rule over theory, and the above is theory.

The big cycle shown in green at the bottom is non directional. It's a proxy of a 5 1/4 year cycle in gold. the coming turn could be a top or a bottom, depending upon other factors. Stops rule and apply to positioning preceding final price swings as that date is approached.

argentus maximus Rhythm and Price http://www.greenhobbymodel.com/rhythmnprice.html This analysis - global markets
Fri, Jun 14, 2019 - 12:28pm argentus maximus
Offline
-
Dublin
Ireland
Joined: Jan 20, 2013
3826
25123

I wish to add to the above:

I wish to add to the above:

The large inflection price at end of 2018, is a pivot price. There was a breakdown below that price, but gold has recovered. If gold remains above that price, chances of an uptrend aborting are very reduced. And remember this is all of the big sovereign currencies in gold. Team central bank is being challenged at the current highs by gold buyers, which likely include some of those same central banks themselves acting for their own self preservation.

argentus maximus Rhythm and Price http://www.greenhobbymodel.com/rhythmnprice.html This analysis - global markets
Fri, Jun 14, 2019 - 12:41pm
Offline
-
Dublin
Ireland
Joined: Jan 20, 2013
3826
25123

Mass sentiment commentary

Oberlin College hit with maximum PUNITIVE DAMAGES (capped at $22 million by law) in Gibson’s Bakery case. Added to $11 million compensatory damages, brings total to $33 million

Thirty three million bucks. Ha hah.

I wonder does insurance cover that?

You can be sure that governance officials across academia will now review and revalue their previous estimate of existential risk of the actions of SJW activist college staff members.

Story here: https://legalinsurrection.com/2019/06/oberlin-college-hit-with-maximum-p...

By the way. What do you think that legal departments in national press, who have SJW reporters using reputation breaking smear tactics in their "reportage", will have to say to their editorial heads next Monday?

argentus maximus Rhythm and Price http://www.greenhobbymodel.com/rhythmnprice.html This analysis - global markets
Fri, Jun 14, 2019 - 12:48pm
Solsson
Offline
-
Ankeborg
Sweden
Joined: Dec 14, 2013
1098
4197

I will soon be dragged to the

I will soon be dragged to the funny farm, before that happens I will post some more crazy stuff

How about this, this little dude has been starring at me for a week now and all of a sudden it hit me, Seven Seals of the bible ...

I am not impressed by your language, a seal and a seal is not the same thing.

Seven seals or Seven seals ...

but Argentus posted 8 frequences, are there 8 seals? I have no idea. It's been a crazy working week thank God it is over. Three detonations within 24h in my hometown AND 3 thunderstorms by night in a row! I suffer from sleep deprivation.

This night was scary, Normally I am not afraid of thunder but tonite was different, it was circling my neighborhood until a building close by was hit by fire ...

Have a nice weekend.

Fri, Jun 14, 2019 - 4:35pm
silver66
Offline
Joined: Oct 8, 2012
3421
15911

Hey AM has the tide turned

or should I say has the cycle hit an inflection??

https://www.zerohedge.com/news/2019-06-14/campus-wokesters-expose-descen...

The jury gave more in damages than was required

Silver66

Silver66 Rage against the dying of the light

Fri, Jun 14, 2019 - 5:44pm silver66
Offline
-
Dublin
Ireland
Joined: Jan 20, 2013
3826
25123

It's hard to say.

It's hard to say.

If I was to consider SJW-ism as eg a price, then this question is akin to asking while looking at an upwards pointing price line "Is this a major top, or an interim high on the way to a major top?"

Time must pass before a proper judgment can be made on such matters.

But - I was looking for sentiment to change significantly at end of 2018-Jan 2019, and this is certainly one such candidate for extreme sentiment to reverse in a location of society outside the financial markets.

I tried to enable quantification of social sentiment by zooming in on public reception of "Woke movies" about a year ago. It started with Gamers complaining about Woke games being no fun to play, getting accused of being anti women etc by a conspiring (proved) gaming press. the gamers chose to not be intimidated into backing down and that was Gamergate. though if you look it up (in the media) you will see gamers still falsely accused of mysogyny, even in Wokipeedia.

So after that I looked for this to stay specialist or go more mainstream into the populace. I thought movie audiences would be mainstream enough and started a commentary about that.

A year later Star Wars made two failed movies (by SW standards) Miss Marvel made a billion but still fell short of expectations, Dr Who from BBC has a Rotten Tomato rank of only 18%, and that RT website has completely altered it's business model.

They deleted all votes from the public and only have "pay to vote" saying this is to ensure people who actually attend the movie can vote. Naturally with the number of total votes reduced a quantum, a block of pay votes will have greater significance. Cynical people have excellent reason to permanently doubt veracity of RT after that submission manouever to the movie making corporations.

So change is definitely in the air. Knowing where we are in the process is a lot harder to achieve. But Dark Phoenix - an X-Men franchise movie - just lost 100 to 120 million and it has been daubed with having certain SJW plot content. I haven't seen it, but it could naturally be ascribed to other reasons. The final Series 8 of Game of Thrones has been lambasted. Movies are not an ideal tool for measuring this because there can be many reasons for a movie failing.

This is why I am happy to see reaction to SJW extremism moving into the courts. Judgments can be quantified better, facts of cases are hopefully investigated, and damages are awarded by ordinary citizens. Time will tell its story.

As in my above post, SJW reputation smearing lawsuit awards in the courts will get noticed by risk managers of corporations and that knowledge will filter upwards into the decision making areas.

It's a 18/36 year cycle and will take time to turn if this is it.

argentus maximus Rhythm and Price http://www.greenhobbymodel.com/rhythmnprice.html This analysis - global markets
Sat, Jun 15, 2019 - 8:42am
Solsson
Offline
-
Ankeborg
Sweden
Joined: Dec 14, 2013
1098
4197

Something is up, a fourth

Something is up, a fourth thunderstorm incoming, the fourth in 5 days. That is one big BANG for every seal

Seven seals interpretation. An interesting weekend read that reminds us of our present time.

https://en.wikipedia.org/wiki/Seven_seals#Interpreting_the_seven_seals

The four horsemen of the apocalypse, marking a change of trend?

Revelation 6:1-2
1 And I saw when the Lamb opened one of the seals, and I heard, as it were the noise of thunder, one of the four beasts saying, Come and see.
2 And I saw, and behold a white horse: and he that sat on him had a bow; and a crown was given unto him: and he went forth conquering, and to conquer.

Edit:

This is epic!

Fifth seal, futurist view
This judgment encompasses Christians who will be martyred for their faith in Christ during the Great Tribulation by not bowing down to the Antichrist and by not submitting to the global economic system that forces all people on the earth to receive the mark of the beast. Their deaths place them in good company of the righteous throughout the ages.[17]

randomness