my crystal ball is out of batteries...sold JDST at 13.03 close to daily low. My mental stop was 13flat. Currently watching and looking for a new 9v. JDST is at 13.15 as I type
GLTA, I'm taking a break
This is the kind of shit I was expecting. Poor NFP and of course there is always the silver lining and miners go down, rather than up.
Never mind that we have a potential war on our hands!
Yeah, Tony we were right.
The market acts like a decoy. It generally wants you to go where it wants you to go, not where it's going. At least in the short term (daily and weekly) moves. I expect metals will be down next week. Silver has just taken a beating, so it doesn't look good for a rally. But then that's just MHO.
Right but still wrong...I think I need to write a book with that title. Candidly I got impatient today. When things died off this morning, I signed off after a net small loss on the day....then I peaked back in and proceeded to take out the ginsu knives and cut myself up. Missed damn near all of the JDST move. Got a small piece of JDST, flipped to JNUG...JDST wasn't done. The JNUG drop from 7.10ish to 6.80ish in a hurry was all for me, took the bait, got wrong footed, took the hit. Flipped back and forth making up some of it, but a small net loss on the day when I had the overall direction right...did not execute it correctly...if I were a coach I'd bench myself after today's game. End result is I didn't lose much in JNUG share count but I did lose some account value. Just not a good day at all.
As far as the military stuff goes, today was the best of all possibilities after POTUS unleashed the Toms. Russia didn't have a response that should start a pissing contest. For that I am very very grateful.
There is much unspoken coordination between the US and Russia. Russia was alerted of the impending attack and asked that Russian servicemen clear the area. Putin, of course, has to say there has been violation of international law, what else can he say. Silence would be regarded as complicit with the US. Look at his face. Does he really look disturbed? God knows we have seen him when he is really mad. This is a good account of what happened. No there won't be any fallout with Russia, or Iran for that matter. I'll be surprised if metals are up next week.
You expect the metals to be down every week. Whats new.
new canonma....he put this out this morning before the fade
the worst case in his video happened and in EW he says we should see abc with a 5 wave down....dang it
new ira, friday vid
Actually I don't, but let's wait and see and hope I'm wrong. But Tony's vid below unfortunately seems to agree.
Enjoy Broker, things are looking up. But for the short term (maybe a month or two) you have to watch for this, and that is why you have to be sharp for this week. We'll see what open brings this evening.
"There is not much for me to add regarding my analysis from last week. Silver is now testing its support noted last week, as expected. If we hold support and rally to a higher high, the next pullback will likely be rather shallow. However, a failure to hold this support, followed by a break down below 17.70 opens the door to re-test, and potentially even break below the March low. But, I view that drop as the set up for a powerful rally I expect to take us into the summer."
break 17.70 support and look out below, 16.50 here we come......break 18.44 on the upside and we get a shallow correction then wave 3 of 3 of 3 he's been looking for. Pretty clear. Love it when I can figure out what the hell Avi is trying to say...he can be difficult to get a handle on at times.
Ronnie Fattal is basically saying we channel for a little bit with gold/silver but he's bullish....1335 low 1362 hi...then break 1372 and then wave 3 of 3 of 3 is here....thanks to Silverwood for the heads up a while back about Ronnie.
i'll be interested in canonma's video monday morning premarket...i like his videos the best of those i've seen.
Ideally we get Ronnie's channel where we range play for a bit...i love ranges, always good for manufacturing shares....at 1250mid we are in the middle of the range, that's not good for range play, so I hope gold moves one way or the other tonight in Asia. Pending where it is at in premarket will dictate JDST or JNUG.
I'm leaning JDST based on my other reads of charts (not EW)...i don't like the fails of gold, and silver looks like it has more fall.
We'll see. either way my goal is to get sync'd....i've been off this week.
new canonma from 530amish this morning, he's still longterm bull but short term pullback expected
premarket trading update 555am cst 4/10/17
JDST: 188.8.131.52 (I'm in at 14.13)
EDIT: Sold 14.13 JDST at 14.40, flipped to JNUG at 6.63...trying to ride the premarket waves
...others are busy making money. Nice job Tony !
thanks billhilly....i must admit, I like the rhythm of the premarket better....it tends to move slower and you can watch mo/vol/bidask much easier. on news days it sucks unless you are on the right side, but days like today its great for range trading.
sold the 6.63 JNUG at 6.65....hate the way gold looks right now and am just not comfortable on the long side
back in JDST at 14.39
EDIT: sold 14.39 JDST, back in JNUG at 6.61...more wave riding
sold the JNUG, flat for the ride to work...LBO on JDST at 14.10
good premarket morning for me, great way to start the week. GLTA all, work is crazy today so not sure how much i'll be able to watch things....GO MAKE SOME MONEY TRADERS!
...but took out a short on Tesla. fingers crossed....
premarket trading report 520-525am cst 4/11:
JDST: 13.65/13.73 (I'm in at 13.80)
at 1248 i'll pick up JNUG and ride it back up. hope this pattern stays intact for a few cycles. 1245-1260 would be a great tradeable range.
...out of JNUG 7.24, in JDST 13.15 ; $/Y retested 109.63 and I'm looking for a move higher this afternoon...trade only !
that's a good move Billhilly...JDST is hanging in much better than i thought it would with breaking resistance. IF IF IF the cartel pushes back down it'll pop. I'm gonna take a loss today most likely, question is how big
Guys I started a thread for the x3 traders. I feel like I'm crowding out the original intent of PTC with all the x3 action posts here. So anyone trading DUST/NUGT JNUG/JDST feel free to post there.
PTC was once a great tutorial for trading all vehicles. I'd like to see it get back to that without me overwhelming the thread
thread is called x3rs of the pm
as always GLTA
But Tony, there is no one here other than the few of us. Everybody seems to have disappeared, including Pailin, who does pop by occasionally.
That's a shame too. This place used to be filled with some great traders willing to teach. I learned alot here and was a rookie when I showed up. I'm hoping if I step aside with the x3 talk the regular trading stuff can come back some. IDK, might be wrong. But it's been on my mind for months. I'd like to see it get back to what PTC used to be...and I really don't want to clog the pages which I've been doing IMO.
I'll still post here though...just not so much of the intradaily stuff
Also peeling out the x3 stuff might help the corner to not die. IDK...but my thought is the x3 stuff gets a negative reaction so it may be driving out those who don't like them ???
but also creating a x3 dedicated place for pm might also draw some new blood to post there ???? IDK, we'll see if it gets any traffic. in the meantime me not clogging these pages will be a good test