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gelstretch

gelstretch
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  • Watch For A Gold Rally Into The Summer Months [View article]
    rogro...

    I understand your frustration, as most all of us have experienced the same crap that makes trading difficult.

    Trading the ultras with wide spreads may well be the worst instruments to target, for the reason the market makers decide what orders are filled and when. If a market is moving quickly, price often blows right through your stops, which ain't good. Most all traders that have been executing trades in the ETF's relating to Gold have no doubt tasted this nastiness on many occasions.

    There is a solution however... simply trade the futures, You get quick fills, and your stops are respected. I trade on a "dome" and usually trade the current contract, as that is where the volume resides. You get the leverage you desire, and every trading strategy possible with options can be structured with the futures. The trade executions are instantaneous.
    Mar 30, 2015. 11:36 PM | Likes Like |Link to Comment
  • The 'End Game' - My Take On Indicators Leading To The End Of The U.S. Bull Market [View article]
    LTTFTrader

    When a market makes a change in direction from upward to downward, the action is quite swift... much more so than the inverse.

    Typically, the sellers take over the momentum of the market at the outset of the change, often with lots of volume, and then the stops are hit which boosts volume. Momentum is quick to accelerate, but I agree, volume is not the best indicator. Others like $TICK, market breadth, DMI, are also quite valuable.
    Mar 30, 2015. 09:12 PM | Likes Like |Link to Comment
  • Watch For A Gold Rally Into The Summer Months [View article]
    15492762

    Thank you for the best wishes, and I pass the same on to you in the days ahead.

    I follow Ben for the reason he is a very skilled analyst, but additionally he is also a very active trader (and I might add, a damned good one)..... if you notice he is not only very cognizant of the prevailing technical signals, but also has the ability to read the fundamental bias that prevails..... all of which is very desirable for accurate trading signals, but seldom seen among trading professionals.
    Mar 30, 2015. 06:55 PM | 3 Likes Like |Link to Comment
  • What's Going On? [View article]
    Babysteps.... ha, ha, ha.... yes, the Founder makes a "twit" and rocks the stock with blast to the upside. Fortunately, I was watching my short trade, closed it out and was able to catch most of the upward move today with long calls and some short puts. I am still in these positions, but when the "hoopla" subsides and the momentum drops, then I will again put on a short trade.

    Musk does these things just as the stock is at support.... I doubt they have a new "entrepreneurial miracle" that will change much of anything.
    Mar 30, 2015. 06:44 PM | Likes Like |Link to Comment
  • Watch For A Gold Rally Into The Summer Months [View article]
    rogro...

    I am a buyer at this level (why "nit-pick" over a few ticks?)... however I am not scalping. I like trading GLD (good liquidity) in the June-July timeframe with Bull Call Spreads. My long side call is ATM. If we get some additional moves down in price, I then sell puts in the same time period, thus balancing out my original target for profit.
    Mar 30, 2015. 06:37 PM | Likes Like |Link to Comment
  • The 'End Game' - My Take On Indicators Leading To The End Of The U.S. Bull Market [View article]
    If the market is showing increased volume, and the bars are red on the Weekly chart (2 bars), then a new trend to the downside is very likely.
    Mar 30, 2015. 06:08 PM | Likes Like |Link to Comment
  • Watch For A Gold Rally Into The Summer Months [View article]
    15492762...

    That is me..... many fond memories of my days while a member of Avi's trading room. A plethora of good trading advice, and terrific people make for a very positive experience....I will never forget those days.....best to your week!
    Mar 30, 2015. 06:02 PM | Likes Like |Link to Comment
  • Watch For A Gold Rally Into The Summer Months [View article]
    Derby...

    I like the idea of Call debit spreads on both of these.... positioned out toward the end of the year. I typically buy ATM calls and sell OTM for protection and margin efficiency. Earnings should be good, so will also take that into consideration for price and timing.
    Mar 30, 2015. 11:58 AM | Likes Like |Link to Comment
  • Watch For A Gold Rally Into The Summer Months [View article]
    Salty....

    Completely arbitrary.... just to get a feel for where Crude is likely to trend.
    Mar 30, 2015. 11:55 AM | 1 Like Like |Link to Comment
  • What's Going On? [View article]
    TSLA is one of my favorite shorts at the present time..... charts are "UGLY"
    Mar 30, 2015. 10:46 AM | Likes Like |Link to Comment
  • Watch For A Gold Rally Into The Summer Months [View article]
    Fish....

    If you wait two years to be prepared, then it is too late. Much like trading options, a trader has to have a solid position in place before the action begins, as trying to get positioned after the momentum is under way, you will miss a big piece of the action.
    Mar 30, 2015. 01:05 AM | Likes Like |Link to Comment
  • Watch For A Gold Rally Into The Summer Months [View article]
    Salty....

    The price of $48.35 is the current month.... slide your curser over to the right to the December month.... it is close, as the price has moved a little off the $58.05 since I did my spreadsheet. This stuff is helpful....
    Mar 29, 2015. 11:20 PM | Likes Like |Link to Comment
  • Watch For A Gold Rally Into The Summer Months [View article]
    Ninja.... after viewing your guest list, I now understand why you have insisted they respect the "swim suits required" restriction.
    Mar 29, 2015. 09:31 PM | 1 Like Like |Link to Comment
  • The 'End Game' - My Take On Indicators Leading To The End Of The U.S. Bull Market [View article]
    I agree Robert.... the bond market will be the primary signal that a change is coming.

    IBB does look "toppy"on the Monthly chart and the Daily chart appears to be breaking down. The same goes for IWM. I will be anticipating a correction (at least) should these nearer term patterns continue.

    I appreciate your informative article.
    Mar 29, 2015. 09:28 PM | Likes Like |Link to Comment
  • Watch For A Gold Rally Into The Summer Months [View article]
    bogi...

    The vast majority of professional Crude traders follow the NYMEX "strip", which is based off the Crude (/CL) futures. This is a 12 month average of Crude pricing over the contracts going forward. The current futures price off the "strip" is $58.05/bbl - 12 months out.

    This data is easily available at http:// http://bit.ly/1G6BxhY.... just click the "Oil and Gas" tab, then click the link marked "Nymex Miny Light Sweet Crude Oil"... simple and easy.

    My suggestion is to not focus on the spot price, as this price is for a delivery 72 hours or less.... the futures are for usually at least 30 days delivery. Spot prices are usually skewed to the downside. With a clear view of the Nymex strip, you can see where the bias is for forward trades.The market is currently in counting, so pricing is expected to favor the upside.

    Right now, I believe the best plays are in the refinery stocks, as we enter into the peak summer driving period. This is a good time for refiners, that are already beginning to move... Check out TSO and VLO (nice eh!)
    Mar 29, 2015. 08:59 PM | 2 Likes Like |Link to Comment
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