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murray t turtle
Registered: Dec 2001
Posts: 6272 |
08-10-11 08:22 PM
Partial bluehorse quote;Quote from ogarbitrage:
10 year trading plan?
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 Well i have looked on 10 year charts & longer & shorter.
But to put it simple,one may want to add a shorter plan also;
that way if gold stalls about $4,000, GLD @ about 400.44+/,
silver,SLV may be worth a study. Not a prediction
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FireWalker
Registered: Oct 2003
Posts: 815 |
08-10-11 09:22 PM
Quote from murray t turtle:
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Well i have looked on 10 year charts & longer & shorter.
But to put it simple,one may want to add a shorter plan also;
that way if gold stalls about $4,000, GLD @ about 400.44+/,
silver,SLV may be worth a study. Not a prediction
If you can trade those markets short-term, more power to you. Scares the crap out of me. I only see a trading opportunity in those markets a couple of times a year.
Something seems to be going on right now, but I would not do anything other than the plan above.
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murray t turtle
Registered: Dec 2001
Posts: 6272 |
08-17-11 08:34 PM
Quote from FireWalker:
If you can trade those markets short-term, more power to you. Scares the crap out of me. I only see a trading opportunity in those markets a couple of times a year.
Something seems to be going on right now, but I would not do anything other than the plan above.
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Firewalker-Trend
Well i do like some short term charts[daily candlecharts];
& 10 year monthly candles are quite useful.
Another medium term favorite chart is 3 year weekly;
unusually strong trend as of wednesday[weekly candles]
unusual strong trend , gold up 7 [seven]weeks in a row.
Looks like its going past $2,000;
but Goldman maybe right, price target,gold less than $2,000 .
I like to tighten up long term stops when its[gold,GLD ]up seven weeks in a row.........................................................If it still a strong trend fine,stay long . Other wise , adios amigos[goodby my trend friend]
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peilthetraveler
Registered: Jun 2005
Posts: 7060 |
09-23-11 10:48 PM
Quote from peilthetraveler:
I dont know many people that can "afford to lose" $100k. I mean...thats a pretty nice night out in Vegas for that kind of money. :P
I once lost $1,500 in 10 minutes at blackjack. I was able to able to get 1 bud light in that time frame.
So let me tell you...a $1,500 beer does not taste as good as a $3 beer at the bar, so a $100k night out in vegas is a horrible night. 
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