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Morpheus Trading Group

Morpheus Trading Group
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  • 3 Reasons Why Now Is The Right Time To Buy Gold ETFs [View instapost]
    Sure, I like physical gold as well, but the ETF is a nice alternative as a short-term trading vehicle. I like physical gold for longer-term holds.

    Thanks for your comment.

    Cheers,

    Deron
    May 7 02:30 PM | Likes Like |Link to Comment
  • How To Know If A New Bear Market Is On The Horizon [View instapost]
    Thanks for your feedback.

    You make a valid point that there are better short setups in the market than Coach, and I agree.

    Nevertheless, I still would not hesitate to sell short the stock IF it met my criteria for entry by breaking down.

    One thing to keep in mind is that my strategy is based on technical analysis, so fundamentals like you mentioned do not factor into my decision making.

    Obviously, that works for you and others, but just not part of my personal methodology.

    Cheers,
    Deron
    Apr 24 11:21 AM | Likes Like |Link to Comment
  • Is It Time To Buy This Gold ETF Now? Here's My Technical Take On $GLD... [View instapost]
    Hi Welt,

    Thanks for your comment. Yes, actually when the 200-day MA starts sloping up, that will indeed confirm the reversal of trend.

    Yesterday, with the little shakeout in gold, we now have an even lower-risk entry point into $GLD or $DGP, which can now be bought just above the Aug. 29 high, with a stop below that day's low. I like clearly defined swing trading entries like that.

    Cheers,

    Deron
    Aug 30 01:32 AM | Likes Like |Link to Comment
  • Book Review: 2008's 'Trading ETFs' [View article]
    Thanks for the review of my book. I appreciate it. The follow-up to this book, Advanced Technical Analysis of ETFs, will be published in August of this year.
    Feb 22 10:01 AM | Likes Like |Link to Comment
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