• Robert Edwards
    Still Searching for bottom in $GDX, $NUGT, $JNUG, balancing $JDST, $DUST. Buying $UGAZ, not $DGAZ. Watching $FXI, $FXP, $YANG, $YINN, $FEYE
    8/5/14
    Reply (447)
    • Robert Edwards: This is the new thread. Just did an article shorting Chinese market (FXI) using FXP or YANG, click http://seekingalpha.com/p/1v3qj
      8/5/14
    • Rubenov: Subbed.
      8/5/14
    • RCamuti: Thanks for starting the new thread RE, Looking at the gold market now, seems to be starting a little higher on the day so far.
      8/5/14
    • Robert Edwards: Palladium is down hard today, in the 840s when it was in the 880s a week ago. Taking profits on that spread helping gold a bit probably.
      8/5/14
    • Robert Edwards: I want to get long Palladium during this dip but no rush to buy right now. Grains are down again, after big surge yesterday. US Dollar up.
      8/5/14
    • Robert Edwards: copper bounced from 3.20 to 3.25 yesterday but today below 3.22 so stock market probably lower today. Nat Gas has a bid today
      8/5/14
    • Robert Edwards: I am not long NUGT/JNUG, waiting for Dec Gold to get cheaper, 1285 or lower. Gold does not look very strong in here.
      8/5/14
    • Robert Edwards: Gold back to unchanged but Palladium in the 830s.
      8/5/14
    • shopvac20: RE .. this might be a stupid question .. but how are you buying copper and palladium ? is there a symbol for these ? thanks
      8/5/14
    • Robert Edwards: I buy futures contracts. My accounts at Interactive Brokers let me trade stocks or commodities. There are a couple ETNs you can
      8/5/14
    • Robert Edwards: trade - JJC for Copper and PALL for Palladium. I have traded those before. Low volume but they do work.
      8/5/14
    • Robert Edwards: With commodities you get 30 to 40 times leverage but no slippage like triple ETFs. You have to play small or use stops -- can't let your
      8/5/14
    • Robert Edwards: losers run because they can wipe you out. Once you know how to trade, they have many advantages over stocks and great for scalping
      8/5/14
    • Robert Edwards: Bot a sept copper contract on dip to 3.2050. Every 1 cent in copper you make or lose $250. Has 4 cent range most days.
      8/5/14
    • shopvac20: Thanks, I will look into them, do you have to have your series 3 to trade futures ?
      8/5/14
    • Robert Edwards: Made a quick scalp in copper of half a cent ($125 less $5 commission). Just bot a Dec Gold contract to scalp again, at 1287.00
      8/5/14
    • Robert Edwards: Sept nat gas is about to break out here, just under 3.90
      8/5/14
    • shopvac20: NICE ... I want NG to go up up up ... get back over 4
      8/5/14
    • shopvac20: with Interactive Broker can you get in on the IPOs, I tried to get in on the LOCO IPO last week and Scottrade does not participate :(
      8/5/14
    • Robert Edwards: No requirements to trade commodities. You can paper trade or place simulated orders for awhile till u feel comfortable using real cash
      8/5/14
    • Robert Edwards: You do have to be capitalized sufficiently. Can't be trading for grocery money. That does not work.
      8/5/14
    • Robert Edwards: I have never bought IPOs through IB so I can't address that. I do know IB is discount and lots of big funds trade thru them to save money
      8/5/14
    • Robert Edwards: sold my Dec gold for 1288.50 for a profit of $150 less $5 commission. I try to do 25 to 50 sometimes 100 scalps like this a day.
      8/5/14
    • Robert Edwards: Sept Nat Gas broke above 3.90 but now slipping back under 3.90, not sure if it wants to continue higher or not.
      8/5/14
    • shopvac20: Thanks for the info Robert ... sounds like your off to a great day, lets keep it up.
      8/5/14
    • Robert Edwards: I have developed a system where I get buy signals or sell signals with very high probability of making 10 or more ticks in 1 to 5 minutes
      8/5/14
    • skysurfer83: NG at 3895 up 6c... do you think it will break through RE?
      8/5/14
    • Robert Edwards: I try to only take signals with very very high probabilities for success and often have 20 or more straight winners. When I get a loser, I
      8/5/14
    • Robert Edwards: have various techniques dealing with it and that is why I would like to start a chat room because much is hard to explain without actually
      8/5/14
    • Robert Edwards: doing it in real time. It has taken me over 30 years to be an overnight success.
      8/5/14
    • Robert Edwards: If I want to get 5 ticks for $50 or $60 then I often can be in the trade 15 to 30 seconds and I find many more trades to do. But that is
      8/5/14
    • Robert Edwards: using 1 minute bar charts. I like using 10 minute bar signals best as they are most reliable but you get fewer signals. I try to make
      8/5/14
    • Robert Edwards: sure that I do 1-2 trades per hour to pay for my time watching the markets. Once out, I am in cash and can go about my day until I have
      8/5/14
    • AlphaOne777: I think it would be fantastic to watch and learn in a chat room. When do you plan on getting one? Just curious!
      8/5/14
    • Robert Edwards: a few minutes to do another trade. Right now I am in 100% cash. Very easy to sleep that way!
      8/5/14
    • Robert Edwards: I have used 30 second and 1 minute bar charts and traded around the clock (commodities trade from Sunday night to Friday night with just a
      8/5/14
    • AlphaOne777: Second question ... Do you think the miners are close to final bottom so we can get some up trending NUGT & JNUG? Thanks
      8/5/14
    • Robert Edwards: few minutes here and there of being closed. Makes it hard to sleep if you are watching markets overnight. That is why I like cash except
      8/5/14
    • Robert Edwards: for when I am scalping. I usually do position trade overnight in stocks or commodities, but very small.
      8/5/14
    • Robert Edwards: Told you I was waiting for 1285 in Dec Gold, well I just bot 1285.50 for a scalp trade. See how it works out.
      8/5/14
    • Robert Edwards: got out 1286.70 for 120 less 5 commission so made $115 in about a minute or so. Will buy again on weakness
      8/5/14
    • Robert Edwards: bot again 1285.60 for another scalp Sept Gold
      8/5/14
    • shopvac20: I bought WholeFoods after they dropped 5% last week .. just shot up 5-6 % right now .. gonna get rid of it
      8/5/14
    • Robert Edwards: sold 1286.10 for just $45 after commission, taking too long and I got nervous. Should have been more selective on the buy, bot too high
      8/5/14
    • Robert Edwards: bot dec gold 1283.80. gold is slipping pretty good in here.
      8/5/14
    • Tatt2d: whats up with UGAZ?
      8/5/14
    • Robert Edwards: sold 1284.60 for $75 net after commission. I don't post my trades usually but I am doing this all day and in multiple markets.
      8/5/14
    • shopvac20: Sitting on some cash now from WFM .. anything looking good out there ?
      8/5/14
    • Robert Edwards: This final buy got to a pretty good support area and I got a signal that I could hold for more than a scalp and should have bot an extra
      8/5/14
    • Robert Edwards: contract to hold long-term. I consider long-term an hour or more.
      8/5/14
    • Robert Edwards: bot again 1283.80 and got out 1284.60 for another 75 net
      8/5/14
    • RCamuti: Bought second half of JNUG tranche @ 21.64 for a small scalp.
      8/5/14
    • RCamuti: trying some RE, Grow & Lefty techniques of scalping and teetering both JNUG & JDST.
      8/5/14
    • Steven Couche: I was in a horrible JDST position...just sold out of half at breakeven. The other half has covered calls written on it
      8/5/14
    • Robert Edwards: bot again 1283.80, sold 1284.60 for another 75 net
      8/5/14
    • Steven Couche: It is nasty if you hold it for too long. Bot at 18, then 14, then 9 and 9 again, that was a difficult position, couldve lost it all
      8/5/14
    • Robert Edwards: You really have to space in the triple ETFs especially if you are shorting. Can be scary and frustrating but with patience u can work it out
      8/5/14
    • Robert Edwards: bot again 1283.80.
      8/5/14
    • shopvac20: love your action today !
      8/5/14
    • Robert Edwards: I usually don't like to buy same price more than twice or 3 times. 4th or 5th time usually breaks on down.
      8/5/14
    • Robert Edwards: out 1284.60 for you got it $75 again. I can do this all day LOL
      8/5/14
    • Robert Edwards: That's right. I do this all day.
      8/5/14
    • Robert Edwards: finally we break on up and I should have had my extra contract to do the long-term (1 hour trade) for $250 to $300.
      8/5/14
    • shopvac20: gold is WEAK .. why is JDST not soaring :(
      8/5/14
    • RCamuti: To all the scalp traders, how does a trader decide when is a good time to lock in gains?
      8/5/14
    • shopvac20: shocked that NUGT is at 42 with gold at 1282
      8/5/14
    • Robert Edwards: If I had my extra buy in Dec Gold at 1283.80, then I would immediately place a sell order 1286.80 and drop a couple ticks lower if I have to
      8/5/14
    • Robert Edwards: If I was impatient then I could take $200 now or try for $300. I tend to take the $200 and have trouble holding for $300 but it is doable
      8/5/14
    • RCamuti: what about when using 3x etfs like JNUG & JDST. Is it smart to use percentage moves or fixed amounts?
      8/5/14
    • Robert Edwards: If I am scalping, I will take partial profits with a 2-3% gain intraday on JNUG or JDST and then blow all out with 5% gain or more.
      8/5/14
    • AlphaOne777: GettinLong...I can understand your pain in JDUST as I am in worse shape in JNUG. Looking for some "Golden Sunlight"!
      8/5/14
    • Robert Edwards: Interactive Broker lets me make unlimited daytrades in my IRA and don't have to wait for funds to clear. They are very liberal on rules.
      8/5/14
    • Robert Edwards: I look at resistance levels on the chart and try to get out as we hit resistance. I also look at large bid or ask limit positions and move
      8/5/14
    • Robert Edwards: one penny ahead of that big order, thinking the big order will stop the market but I will just get out. I use bid and ask size as another
      8/5/14
    • Robert Edwards: system that tells me when to buy or sell and gives other info.
      8/5/14
    • RCamuti: I use Merrill and for me i have to be sure i want to sell because i only have a few shots @ making gains for the day.
      8/5/14
    • Robert Edwards: There is a bullish bias right now in miners probably based on seasonality so NUGT and JNUG will trade higher than expected while JDST lower
      8/5/14
    • Robert Edwards: Palladium is almost back to 850 when it dipped into the high 830s today. This is very bullish and makes me want to be long Dec Gold here
      8/5/14
    • Robert Edwards: I will look at NUGT/JNUG to see if I can buy some shares and at what price.
      8/5/14
    • burntbun: AlphaOne... you and I are in the same boat... bought at the worst time (seemed good at the time though)... I'm hoping to break-even...
      8/5/14
    • Robert Edwards: JNUG made a new recent low today. Based on past action, JNUG should bottom either today, Wedn or Thursday. Need to buy by Friday this week
      8/5/14
    • RCamuti: if im reading the charts right, JNUG hit resistance @ 22.30.
      8/5/14
    • Robert Edwards: Palladium has bounced over $10 off the low and I need to buy now on any weakness.
      8/5/14
    • RCamuti: Looking to take some profits on my scalp trade @ 22.35
      8/5/14
    • RCamuti: Also have a sell for a portion of my JDST position @ the high of 12.11. Starting to unwind my JDST for small gains of each tranche.
      8/5/14
    • RCamuti: JNUG stuck sideways for the last half hour. Will break out soon. RE any thoughts for today?
      8/5/14
    • RCamuti: Gold is$2 off the lows and well off today's highs, i am thinking it will try to move up as the day goes on.
      8/5/14
    • Robert Edwards: Gold was falling today and you might wonder why I just did not go short and ride it down. However, my scalping system involves fading
      8/5/14
    • Robert Edwards: extreme weakness (where I buy) and selling extreme buying pressure (sell or go short). It is a contrarian system & it makes me a contrarian
      8/5/14
    • Robert Edwards: Many large traders are contrarians as they have to take the opposite side of the retail customer but sometimes they go with trend making a
      8/5/14
    • Robert Edwards: move exaggerated before they switch to other side.They leave a big footprint and u can see they liquidated and are switching sides & join in
      8/5/14
    • Robert Edwards: Professionals like to sniff out where stops are and they are buying where the sell stops are placed. This info is also helpful when scalping
      8/5/14
    • Robert Edwards: I think gold will bottom in here but it might take until Thursday to turn. Yesterday was supposed to be a down day but instead of falling
      8/5/14
    • Robert Edwards: one day, gold is taking two days to fall. I am looking for Wednesday to be the up day that I was looking for Tuesday to be earlier. .
      8/5/14
    • Robert Edwards: I never held on Monday's dip as I felt we should hit the 1283 to 1285 area in Dec. Gold which we did get today
      8/5/14
    • Growfast: Target support on JNUG is at 17.28, If we get there, I may be a buyer. JDST has some room to pop if Gold will work its way below 1280. Only
      8/5/14
    • Growfast: time will tell. TNA holding up well today while other indexes were off.
      8/5/14
    • Robert Edwards: We could rally some later today but the rally could wait until tomorrow or even Thursday but I do see a rally coming to get up back to 1300
      8/5/14
    • RCamuti: Missed my sell mark for JNUG and is now moving down again.
      8/5/14
    • Growfast: At 12.81, there is some resistance for JDST that if we hit, could push it back down a little or slow it down if we do get a bit more pop. If
      8/5/14
    • Growfast: we break through, good bit of room to move. Just going to depend on where Gold wants to take us.
      8/5/14
    • Robert Edwards: If you are short gold, scalping from the long side works great as it is bonus money going the opposite way while u catch both sides of trade
      8/5/14
    • Robert Edwards: I stay locked long and short or I am completely out, overnight so I can relax and not have to watch every second.
      8/5/14
    • Robert Edwards: I could be short Sept Gold from yesterday's high and then buy the December gold contract on scalps. Eventually I take profits on short &
      8/5/14
    • Robert Edwards: switch to being long Dec Gold and then maybe scalp from short side in Sept against resistance on rallies.
      8/5/14
    • Robert Edwards: copper broke below 3.20 here so it is headed for 3.16 and very bearish for the stock market. I don't see stock market bottom till Friday
      8/5/14
    • RCamuti: My holdings are basically 80/20 right now in favor of JDST, but I am working towards getting long while locking in gains in JDST.
      8/5/14
    • RCamuti: Would like to be 80/20 in favor of JNUG by weeks end.
      8/5/14
    • RCamuti: Totally blew the scalp trade today in JNUG when i missed my sell order at 22.35. Now all shares are in the negative.
      8/5/14
    • RCamuti: will have to use more cash to average down.
      8/5/14
    • Robert Edwards: You will probably get another chance to sell JNUG later today. If we sit a few minutes then I take profits at a lower price and don't push
      8/5/14
    • Robert Edwards: to get the perfect price to get out as I have been caught too many times like u did RC. I also look at order size on bids/ask 2 determine
      8/5/14
    • Robert Edwards: likelihood I will get the better price. When u posted, I checked and saw that it would be hard to get higher than 22.25.
      8/5/14
    • Robert Edwards: RC, since I can do unlimited trades, if I see weakness creep in, I will sell out half my position at a loss maybe at 22.00 and then buy back
      8/5/14
    • Robert Edwards: 21.50 and lower my average price on half position by 50 cents. I do this early and often and even when carrying a loss for days I already
      8/5/14
    • Robert Edwards: have repositioned into a profit.
      8/5/14
    • Robert Edwards: Switch to IB as your broker and it will make all the difference in the world when it comes to profits. The rule that limits trades is so
      8/5/14
    • Robert Edwards: ridiculous. Like trying to fight someone with your hands tied behind your back. I think all the rules are stupid I am an adult and let me
      8/5/14
    • Robert Edwards: fend for myself. Get out of my way. The rules are to help big money and hurt the little guy. That is what happens anyway
      8/5/14
    • RCamuti: RE and Grow one piece of advice you gave me that has worked well so far, is to break my tranches down to smaller ones.
      8/5/14
    • RCamuti: this way when i'm wrong or if i miss the scalp it doesn't get as exaggerated.
      8/5/14
    • RCamuti: Grow, i am watching for your resistance call in JDST @ 12.81. Do you think we have a shot of reaching that price today?
      8/5/14
    • mtt5010: RE started looking at one minute bar charts from your post earlier and I really like it. Very helpful advice.
      8/5/14
    • Jeremy49: In JNUG at 21.16 for mid-day reversal to 22-ish as gold has not fallen out of bed yet. Quick scalp
      8/5/14
    • Growfast: RC - JDST is certainly working on that direction today. Gold is below the 50 and 200 Day MA's now and trend is down - unless broken. If we
      8/5/14
    • Growfast: break below 1280 Gold, I would watch for nice pop in JDST. If we break trend, that could interrupt. So far, all in tact for JDST move higher
      8/5/14
    • Growfast: Love the spirit on the rules, RE. Rules made by financial institutions and not our own trading rules, are never in consideration of our best
      8/5/14
    • Growfast: interests.
      8/5/14
    • Robert Edwards: If u are patient you can get a $3 pop in gold from the 1283.80 to 1286.80 area, we just hit.
      8/5/14
    • Jeremy49: Out of JNUG at 21.74...bot 21.16. Love this teeter totter
      8/5/14
    • RCamuti: RE, Peter Hug of Kitco is saying that 1285 is a key level for the month of August. If breached he says we could go to 1260. Do you agree?
      8/5/14
    • Robert Edwards: I see the support being 1280 instead of 1285. Next level is 1273 and finally 1260. one of these should hold I believe
      8/5/14
    • RCamuti: What are you seeing as the direction of JNUG and JDST the rest of the day. Gold is only down $1 now, and climbing. Hard to judge next move.
      8/5/14
    • vanebfbc: Stock dips on news of Taliban attack in Afghanistan that kills an American general. My condolence to his families.
      8/5/14
    • Robert Edwards: If we can get and stay above 1290 in Dec gold then the bottom may be in for today and maybe for this move.
      8/5/14
    • Robert Edwards: If you have your JNUG order in at 22.25 to sell you would have just been filled.
      8/5/14
    • Robert Edwards: I had a buy order sitting in Dec gold at 1285.10 and it hit the price but I was not filled and missed the current rally.
      8/5/14
    • RCamuti: Sold @ 22.24 strike. then dipped lower again.
      8/5/14
    • Robert Edwards: After Palladium hit 850, fell back to 845 and I should have bot there and rode back up to 850
      8/5/14
    • RCamuti: Looking to unload some JDST shares for a scalp @ 12.02 that were bought @ 11.80
      8/5/14
    • RCamuti: Sold some losing shares of JNUG also to even the gain out in JNUG, to re position at a lower price.
      8/5/14
    • Robert Edwards: Dow Jones formed a negative engulfing pattern so down hard today and should also be down tomorrow with I will see reversal back up on Thurs
      8/5/14
    • skysurfer83: The question is where u see gold tomorrow RE, made 2 good scalps today but just RC i need to wait for $ to settles so I have a trenche
      8/5/14
    • skysurfer83: that I cant sell till tomorrow.
      8/5/14
    • skysurfer83: Dec gold heading to 1290
      8/5/14
    • RCamuti: Nothing like some headline news out of Ukraine to move the markets.
      8/5/14
    • skysurfer83: sold second one at 22.41 after buying at 21.75, very happy with that as my first 2 scalps ever were succesful. Thanks to RE and Grow
      8/5/14
    • RCamuti: If this Russian Invasion of Ukraine is just a rumor or speculation gold should correct back to where it was before the spike.
      8/5/14
    • Robert Edwards: I got a sell signal in Dec gold at 1292.30 but since I missed the pop going up I did not take the sell order. I missed 2 big buys today
      8/5/14
    • RCamuti: Imagine if I held my JNUG scalp to wait for these headlines, would have done very well.
      8/5/14
    • Robert Edwards: I would not short into this rally right now because if we get back above 1295 we could explode to 1300
      8/5/14
    • Robert Edwards: told u RC you could get a chance later today to sell your JNUG, LOL! It is looking like we carried through to 1283 to 1285 level and now r
      8/5/14
    • Robert Edwards: heading back towards 1300. Not be surprised if gold actually closes up today.
      8/5/14
    • Robert Edwards: I made money late Friday buying JNUG 24.90s and out 25.40 & 25.50 but today went to mid 21s. Pays to daytrade 3X etfs as scalp
      8/5/14
    • RCamuti: RE, you must have known about the troop movements in Russia i guess.
      8/5/14
    • RCamuti: When events like this happen, how do you trade it? Just ride the momentum higher?
      8/5/14
    • Robert Edwards: I believe the markets trade on technicals and then the fundamental explanation is created. I saw Monday having weakness and then turning
      8/5/14
    • Robert Edwards: back up off lows on Tuesday. I predicted it based on technical action alone without any news item like Ukraine.
      8/5/14
    • Growfast: Long position in TNA via call options.
      8/5/14
    • RCamuti: Not sure if i should buy more JNUG to ride the wave higher, or did i miss that boat.
      8/5/14
    • Robert Edwards: I saw this action a couple days in advance. I got lucky and hit it pretty well on my prediction but got out of sync catching dips late
      8/5/14
    • RCamuti: could buy more JDST to go into the close also.
      8/5/14
    • RCamuti: Scalp the other way.
      8/5/14
    • Robert Edwards: in my actual trading. Trading is error prone and I make mistakes of commission or omission like everyone else.
      8/5/14
    • Robert Edwards: Tricky call in here. We are about to bust out above 1295 and if we do, I may call the retest of lows successful and time to get long
      8/5/14
    • RCamuti: As a contrarian, would you be buying DUST and JDST here?
      8/5/14
    • Robert Edwards: I would not fade this rally unless dec gold pops to 1300. This rally is starting to look real
      8/5/14
    • Growfast: To me, it is still sitting in the same range on Gold. Markets pulled back and if they recover, I think Gold is coming right back down. Could
      8/5/14
    • Growfast: always be wrong, but still think we are in a bear cycle so far.
      8/5/14
    • Robert Edwards: My indicators tell me to only scalp from the long side on rallies (breakout and momentum trades) and buying on dips when selling off.
      8/5/14
    • Robert Edwards: We may not rally beyond 1330 in gold but there is higher risk being short rather than being long gold and miners. JDST buyers will be
      8/5/14
    • Robert Edwards: more challenged trying to make money than JNUG & NUGT buyers. I choose the easy road and stick with JNUG & NUGT scalps right now
      8/5/14
    • Robert Edwards: News and momentum is unpredictable so I am just hopeful we don't boom since I did not buy and don't want to have to chase gold higher.
      8/5/14
    • Robert Edwards: If we can correct a bit then I can find a spot to get long gold and possibly palladium as well.
      8/5/14
    • Robert Edwards: My gut agrees with you Grow and getting me to buy gold in here is making me buy kicking and screaming. However, my indicators are saying
      8/5/14
    • Robert Edwards: the safety trade is long gold and miners rather than short. I can't go short unless that changes, so I scalp from long side & miss some
      8/5/14
    • Robert Edwards: trades when I don't get the perfect setup. I am not taking all buy signals as I am not wanting to buy that badly.
      8/5/14
    • Robert Edwards: Looking more like it was a news headline driven technical bounce and nothing more. We spent the entire day falling to lows and had to
      8/5/14
    • Robert Edwards: force the shorts to cover a bit so maybe we roll back under 1290 and I can find a buy spot in the 1280s.
      8/5/14
    • Robert Edwards: Gold is skanky enough right now bears and bulls can both make money. Does not really matter your bias, you have good chance for success.
      8/5/14
    • Robert Edwards: The premarket high in Dec gold was 1294.30 and now we ran stops above that price. The big money shorted up there when other shorts getting
      8/5/14
    • Robert Edwards: stopped out on the move back above 1290 and 1294
      8/5/14
    • skysurfer83: NUGT is performing better than JNUG... is because of lags or I just dont undersand gold at all lol
      8/5/14
    • Robert Edwards: I am convinced RC that when playing 3X ETFs you can't ever chase to get in unless you are buying to balance and prevent losses. My trading
      8/5/14
    • Robert Edwards: style is perfectly suited for triple leveraged ETFs, because I buy dips, trying to buy low and sell high. You make money buying the 3X ETFs
      8/5/14
    • Robert Edwards: when you buy after (not before) but after support breaks down to a new low level.
      8/5/14
    • Robert Edwards: On that gold pop one should buy the cheap JDST rather than high priced NUGT/JNUG. Always add cheap price that allows averaging down
      8/5/14
    • Robert Edwards: Prices are only place holders and I don't really care if "gold or anything else is getting away from me or not" just can I find a profitable
      8/5/14
    • Robert Edwards: scalp in the next few minutes to pay for my time sitting around watching tick by tick. I also watch prices to get clues to future movement
      8/5/14
    • Robert Edwards: The bearish algorithm that caused gold to fall from 1286 to 1283 was stronger in magnitude of sell orders than the bullish algo that popped
      8/5/14
    • Robert Edwards: us thanks to large buy orders, from 1288 to 1295. That decreases chances we close up today unless another bullish High Frequency Trading
      8/5/14
    • Robert Edwards: large size algo trade occurs. On the other hand, I am impressed with the size of buy orders that came in to balance out and hold 1283 area
      8/5/14
    • RCamuti: bought half tranche of JDST @ 11.21 to go into the close
      8/5/14
    • Robert Edwards: I am getting a scalp buy signal at 1291 in Dec Gold if we fall there, for pop back towards 1293+
      8/5/14
    • RCamuti: Looks like so far i was 10 cents too early, but i think this headline buying in gold will correct itself.
      8/5/14
    • Robert Edwards: Gold is creating a bullish harami candlestick pattern today. If we go up tomorrow, especially closing above 1295, would be confirmed
      8/5/14
    • Robert Edwards: I see two-way action again tomorrow as most likely, but depending how tomorrow trades and closes, Thursday could be explosion higher move up
      8/5/14
    • Robert Edwards: Because gold uses 1:30 EST close instead of end of day, we got 1285s close today so no bullish harami pattern based on that close. I trade
      8/5/14
    • Robert Edwards: using charts that record prices 24 hours per day. there is controversy as to whether only day prices should count or all ticks overnight too
      8/5/14
    • Growfast: RE, your short-term trades always seem to work quite well for you. I'm working on the channel wedge down on Gold and, based on this channel
      8/5/14
    • Growfast: Going short at 1296 area (upper channel) or long 1278 (lower channel) seem to be good bets. Caveat being that these downward wedges break
      8/5/14
    • Growfast: out statistically, 2/3 of the time to the downside. News, events or the big banks could surprise us in any direction.
      8/5/14
    • Growfast: You probably get indicators for buys or sells even inside the channel ranges just based on small momentum shifts.
      8/5/14
    • skysurfer83: cashed out other position in JNUG at 23.41 for a nice $183 profit. 3 well executed scalps today. RE you might get me addicted to this ultra
      8/5/14
    • skysurfer83: short hold strategies. So far very productive Mon n Tue trading. Appreciate all the info and stategies recos as usual
      8/5/14
    • Robert Edwards: Grow, the stock market (Dow Jones) is in a rising wedge and it usually gets resolved to downside. Presently I see gold in a declining wedge
      8/5/14
    • Robert Edwards: with lower highs and lower lows, but it should be resolved to the upside about 2/3rds of the time. This is how I always looked at it, but I
      8/5/14
    • Robert Edwards: have not researched it recently. And if we do break down, I see the snapback rally the other way at least twice as big as the down move
      8/5/14
    • Robert Edwards: My scalps are varied depend on the system that generated it. The gold buys today were mean reversion trades. Other times I am using buy or
      8/5/14
    • Robert Edwards: sell imbalances to give me indications we are about to move up or down. The buy or sell imbalances can sometimes be fake orders that are
      8/5/14
    • Robert Edwards: pulled to fool people like me who are looking at them, an attempt to influence or manipulate the market. Mean reversion trades are almost
      8/5/14
    • Robert Edwards: profitable but sometimes they burn out and end after only a few ticks. That is why I try to take only the strongest signals. Trading less
      8/5/14
    • Robert Edwards: often, I actually make more as I am only taking highest probability trades. If I have a big windfall day, I might play more just for fun &
      8/5/14
    • Robert Edwards: sometimes really hit it big but as time goes on I tend to trade less often, just try to make my few trades count and stay out of trouble.
      8/5/14
    • Growfast: Did 1 scalp type trade today on TNA. Just exited for 12% profit on call options in 1 hour.
      8/5/14
    • Growfast: I would have to see it charted out as it seems this bull market has broken out to upside a number of times. Eventually, the break out does
      8/5/14
    • Robert Edwards: GRPN is popping on close, will be fun to see if we pop or get killed. Closing this strong might be a positive sign if volume picks up some
      8/5/14
    • Growfast: have to happen the other way from wherever the top or bottom turns out to be. If we have seen bottom, we'll go to upside. But fundamentally
      8/5/14
    • Robert Edwards: when earnings are announced in a few minutes. So far I am not that impressed with volumes but I don't know what normal is for GRPN
      8/5/14
    • Growfast: this is where I believe we have not seen the bottom in Gold on this cycle. But that is where I could be wrong and you may turn out to be
      8/5/14
    • Growfast: right. Only time will tell. In the meantime, the channel trades have been working well. And, watching you guys teeter totter around range
      8/5/14
    • Robert Edwards: There are dealers and commercial interests along with big money funds (specs) that have better information that we do. The news or funda-
      8/5/14
    • RCamuti: Holding a predominantly JDST position going into the day tomorrow. I am still thinking the headline trading will put pressure on gold.
      8/5/14
    • Robert Edwards: mentals are not so important. What is important is the reaction to fundamentals and/or news. The movement of big money can be tracked and
      8/5/14
    • RCamuti: Gold did not hold its gains it made this afternoon and is now back to even.
      8/5/14
    • Robert Edwards: it shows up on charts. Hey, GRPN is nearly down $1 to $6.04. Is earnings out yet?
      8/5/14
    • Growfast: This article suggests your position RE, that the downward wedge is a mostly bullish pattern - confirmed only by breakout above the upper
      8/5/14
    • Growfast: trendline with high volume and multiple closes above. http://bit.ly/1pB8YQH
      8/5/14
    • Robert Edwards: bot dec gold 1288.30
      8/5/14
    • Robert Edwards: GRPN is $5.95, looks like my article to take profits was right on. If GRPN gets cheap enough I might buy it now earnings are out.
      8/5/14
    • Robert Edwards: I gave bad advice today when I said one should not fade the rally. Rally should have been faded and I got sell signal that I announced but
      8/5/14
    • Robert Edwards: did not take. I need to not let my bias affect my trading or my advising. I should have posted that I got a sell signal and no comment
      8/5/14
    • Robert Edwards: I am in the gold trade for 22 minutes but slowly moving up and I am sticking with it instead of taking 10 minute timeout sell.
      8/5/14
    • Robert Edwards: Buy orders almost 2 to 1 outnumbering sell orders in here so I have some protection there.
      8/5/14
    • Growfast: RE, no system is going to give you 100%. I think your advice is often right on the mark. And, the fact the exchange uses multiple views to
      8/5/14
    • Growfast: compare is invaluable and considers many alternatives. If folks who participate in your forum don't learn, don't contribute to all learning,
      8/5/14
    • Robert Edwards: Sold Dec Gold 1289 so cleared $65 for scalp
      8/5/14
    • Growfast: and come out better over time in whatever strategies and tactics they deploy - then it is no fault of your leadership of the forum I can
      8/5/14
    • Growfast: promise you! Thank you for all the passion and effort you put into this!
      8/5/14
    • Robert Edwards: Thanks Grow! Markets are my life. Trading is the only thing I do that is not work.
      8/5/14
    • glaserdx: 2nd Grow comments
      8/5/14
    • RCamuti: RE, your advice is based on your expert opinion on the matter. If someone chooses to listen or not listen is up to them.
      8/5/14
    • RCamuti: I gave everyone in this Forum, my research findings and my opinions based on that research. You help us to interpret the technical side as
      8/5/14
    • RCamuti: well as the historical trading patterns, based on similar events that have occurred in the past. Your advice errs on the side of caution.
      8/5/14
    • RCamuti: Which is something we all need on occasion. Traders like yourself and Grow have a lot to teach novice traders like myself.
      8/5/14
    • RCamuti: Learning from traders like you makes me a better analyst and trader, and because of people like you, I look forward to trading every day.
      8/5/14
    • RCamuti: All of the traders on this forum give us all very well thought out and good ideas on how to trade everyday.
      8/5/14
    • RCamuti: I look forward to hearing how you traded tonight and very early tomorrow. I look forward to checking in later and to give my newest research
      8/5/14
    • shopvac20: 3rd grows comments ... its an awesome community we have here
      8/5/14
    • Growfast: RCam, your contributions and questions have helped many learn as well. Always nice to see the active engagement and interest.
      8/5/14
    • fwsk: http://bit.ly/1klyQRt
      8/5/14
    • Lefty6x6: I think we all should hug it out....but yea, we do have a solid bunch here for sure ! STICK IT TO THA MAN ! until we are the man I suppose
      8/5/14
    • Jeremy49: I'm always here listening to you guys...Lefty your teeter totter is changing my life...really. I'm beginning to average 10% return per week
      8/5/14
    • Jeremy49: on my total capital just scalping with teeter totter all day. With compounding and zero taxes in Puerto Rico, consistently averaging 5-10%
      8/5/14
    • Jeremy49: per week would be insane. Thanks to you and RE and Grow as I could not have succeeded without all of your comments. RE I agree...this is
      8/5/14
    • Jeremy49: only thing I've ever done that does not feel like work! I hate Fridays and love Mondays LOL
      8/5/14
    • Jeremy49: If I ever buy a really nice place in PR on the ocean you all are invited to come down...maybe organize a group gathering of as many here
      8/5/14
    • Jeremy49: that want to come and have some fun. RE can give a seminar for us on the beach! Thanks in advance Robert! :-)
      8/5/14
    • Lefty6x6: J49 has come down with the fever....
      8/5/14
    • WahahazZz: I have been following the thread for while you guys are amazing. Just for following I learned a lot about commodities especially gold.
      8/5/14
    • RCamuti: Gold futures look to be holding so far in early trading in asia.
      8/5/14
    • RCamuti: Gold miners were up based on prices around the levels we are seeing so far in Asia. I have not seen a lot of headlines re: russian troops.
      8/5/14
    • RCamuti: Lefty, i would like to discuss with you and RE further the execution of a Teeter trading style with more depth.
      8/5/14
    • RCamuti: The novice trader like myself has a lot of questions about executing the strategy effectively so as to maximize its potential.
      8/5/14
    • RCamuti: RE, i know you covered this, but maybe we could see a post sometime where you go through different situations and how to trade it.
      8/5/14
    • WahahazZz: Previously you guys were following $TWTR for a bit, since its kinda IPO trade, have you guys ever look at $KING? I am wondering
      8/6/14
    • Robert Edwards: When KING was a new IPO, I liked the story and recommended buying it.I have since gotten busy and moved on to other things but still like it
      8/6/14
    • WahahazZz: Thank you for reply RE. I am just wondering about it since their ER is coming next week. It never break the down channel.
      8/6/14
    • WahahazZz: Consensus Estimate $0.50, which i thought its kinda high, but it is holding up well even through the indexes sell-off. Any thought on ER?
      8/6/14
    • Robert Edwards: Copper dipped below 3.20 yesterday and I stated this projected a move to 3.16 which occurred in premarket. Bot Sept Copper 3.16
      8/6/14
    • Robert Edwards: Gold popped this morning. Instead of buying gold I bot Palladium as it dropped to 841 area. I would have made more $$ in gold it turns out
      8/6/14
    • Tatt2d: Any predictions for tomorrow for $Ugaz \ $Dgaz?
      8/6/14
    • Robert Edwards: Another surge in gold above 1300, the bullish signals that I was getting have turned out to be valid. Short covering propelling higher
      8/6/14
    • Robert Edwards: Dec Gold hit 1306.80. Any news item out there to account for surge. The HFT buy orders today look quite powerful so gold & miners r buys
      8/6/14
    • Robert Edwards: on dips today. I hope we fall back to 1295 to 1300 area so I can get long gold but we may stay above 1300 for rest of day
      8/6/14
    • Robert Edwards: Saying not to fade the rally turned out to be pretty good advice as we will be opening strong today in gold & JDST bot yesterday on lows
      8/6/14
    • Robert Edwards: will be under water. Again two way action in gold demands teeter/totter approach and not holding to long or short bias. Let the market do
      8/6/14
    • Robert Edwards: its thing and go with the flow. Buy NUGT /JNUG when they dip to support and do the same with JDST and take profits when and where you can
      8/6/14
    • shopvac20: glad I sold out of JDST above 12 yesterday... should have thrown into nugt... looking for entry today ... thanks RE
      8/6/14
    • Robert Edwards: My system is telling me to buy gold at a certain price but then it is surging higher and higher and not letting me in. This is scary bullish
      8/6/14
    • shopvac20: Trend lizard looks at gold and silver http://bit.ly/XDBwzL
      8/6/14
    • Robert Edwards: It is pretty well only a gold thing as Palladium not that strong. That is the only negative I see. Gold is being supported by profit-
      8/6/14
    • Robert Edwards: taking of long Palladium short gold, long platinum short gold etc trades that are now being unwound.
      8/6/14
    • AlphaOne777: RE: I've been underwater in JNUG but today looks good. Do you think this has greater legs than it's premarket price today or premarket HOD?
      8/6/14
    • Robert Edwards: Right now this move looks explosive. I thought gold would pop like this tomorrow but it is doing it a day early.
      8/6/14
    • Robert Edwards: My indicators are smarter than me. I need to rely on them & be more bullish when they are giving bullish signals and get rid of my neg bias
      8/6/14
    • Robert Edwards: It is ridiculous that my systems were flashing buy signals yesterday and today and I missed trading most of the up move
      8/6/14
    • AlphaOne777: Yeah! It put a smile on my face this morning. I wonder if JNUG might hit 27 today that was my first in position. Made sleeping rough!
      8/6/14
    • Robert Edwards: Bot a Sept Nat Gas contract 3.894 on the fact we broke up towards 3.925 and could be breaking out to up so I am buying on a small correction
      8/6/14
    • Robert Edwards: If UGAZ can break above 3.90 should hit 4.00 pretty easy so UGAZ is a buy on any small dips in here.
      8/6/14
    • skysurfer83: Sold last portion of JNUG, bought at 21.79 and out at 25.55 (i am glad i couldnt sell yesterday)
      8/6/14
    • skysurfer83: Picked up some TQQQ and TNA, lets see if it moves today.
      8/6/14
    • Lefty6x6: gotta luv the morning pop...! JDST below 10 may give a nice scalping opp sometime today.
      8/6/14
    • AlphaOne777: Sold JNUG @ 25.59 was in 1/3 27.15, 1/3 26.50, 1/3 21.36 = AVG. $25 I'm going to get some good sleep tonight!
      8/6/14
    • Robert Edwards: I am watching GRPN and may buy if it corrects a bit more. Earnings report not that bad and did bounce to 7.00 pre-report but got smackdown
      8/6/14
    • Robert Edwards: as expected post report. In doing research on stock and then looking closely at technical, it appears one can make money buying on dips
      8/6/14
    • shopvac20: Groupon down 17 % is this a good entry ??? what is your target entry RE ?
      8/6/14
    • Robert Edwards: Alpha, that is how you have to do it. Buying that cheap last 1/3 was the key! When you are hurting you have to do what you can to average
      8/6/14
    • Robert Edwards: down to reduce your breakeven and allow yourself to get out. Also good you took advantage and got out when you could. Now just buy small
      8/6/14
    • Robert Edwards: and space out buys if u can buy more on weakness. Otherwise ride first tranche higher and diversify other cash in other instruments
      8/6/14
    • skysurfer83: The vix is loosing ground, good sign. Thoughts on tomorrows NG reports RE?
      8/6/14
    • Robert Edwards: Don't like Nat gas skanking into 3.87s so I sold out 3.902 at a small profit. Hoping gold sells off enough to let me buy
      8/6/14
    • shopvac20: NG injection forecast is around 89 from what I have seen ... I think anything in the 80s will be bullish, thou weather has been cooler
      8/6/14
    • shopvac20: might be setting us up for another cold winter and our reserves might not be what they were last year ... that sounds bullish as well
      8/6/14
    • AlphaOne777: RE: Thanks. I'm going to look at your old posts to see that buying pattern you posted. That should help me.
      8/6/14
    • skysurfer83: if thats the case shop, good profit on UGAZ, but bad for my utilities bill. MN is already cold on normal winters
      8/6/14
    • shopvac20: thats why we offset our utility bills with UGAZ lol ... but NG is very difficult to predict, this year has been a great example for this!
      8/6/14
    • Robert Edwards: I bot some GPRN very small at 5.78, but will add every 10 to 15 cents lower with intention of selling above 6.00. Figure it should bottom
      8/6/14
    • Robert Edwards: by Thursday and then try to bounce back and I wanted to catch the snap back. Looking for 50 to 60 cent move (8 to 10%) in a couple days.
      8/6/14
    • Robert Edwards: Not that keen on fundamentals but heavy short interest (short covering) and loyal following of bulls and cheap stock, should be bouncy
      8/6/14
    • burntbun: AlphaOne... I was in JNUG at 26.90 and got crushed after I bought it... wouldn't be the first time either!
      8/6/14
    • Robert Edwards: I like NUGT over JNUG because when you are wrong you really get clobbered in JNUG. I only buy JNUG for intraday scalp and when it breaks to
      8/6/14
    • Robert Edwards: new lows it has not been at and I can buy it cheap, cheap, cheap but after a few days leave it along unless I can buy lower prices.
      8/6/14
    • Robert Edwards: Bot gold 3 times for $65 scalp trade but keep missing the big moves. New high in Dec Gold at 1311 and I missed being in to profit at highs.
      8/6/14
    • Robert Edwards: Gold was a buy at 1307.00 but it never quite dropped that low to let me in at a good price so I had to get in and out in 30 seconds or less
      8/6/14
    • shopvac20: other then short coverings what is the driver for gold .. could DUST be presenting a opportunity ?
      8/6/14
    • Robert Edwards: Keep buying copper (Sept) 3.1660 and lower and selling out 3.1725 and higher so at least that is working well today. I like buying dips
      8/6/14
    • Robert Edwards: My systems are now saying to buy Dec Gold at 1307.90 but so far today I have not yet gotten gold to correct down to my buy price. This is
      8/6/14
    • Robert Edwards: very bullish. Dec Gold could pop to 1315 to 1317 if we do not get a decent correction soon. At 1310 now
      8/6/14
    • Robert Edwards: Over the weekend I was looking for down Monday, bottoming Tuesday and reversal up and then follow through to upside on Wednesday. Gold has
      8/6/14
    • Robert Edwards: performed quite as expected. I need to do research now to see where we go over the next few days. Right now, looking like we r heading up
      8/6/14
    • Growfast: 1310 and 1325 look like big hurdles. And, is this news driven on rising tensions in Ukraine? I'm still cautious on the bullish side, but if
      8/6/14
    • Growfast: we break through resistance on strength, maybe it can keep running. JDST has strong support at 10. So far, holding and JDST not knocked down
      8/6/14
    • Growfast: much by this move so traders still expecting Gold to go the other way. Going to be interesting. I'll add more options at 10 on JDST and if
      8/6/14
    • Growfast: we break below that, find the bottom to add more for longer cycle down. I'm still thinking contrarian in here, but also watching for bull
      8/6/14
    • Growfast: to confirm if this thing really is going to have a sustained run to the upside.
      8/6/14
    • Growfast: My JDST options at present, because I got a really good buy price, at still sitting even - although I did miss a good opportunity to cash in
      8/6/14
    • Growfast: nice profits yesterday. The rapid decline in the markets boosted Gold and by the time I was able to get back to view the charts, it had
      8/6/14
    • Growfast: already moved away from me.
      8/6/14
    • Growfast: RE, you certainly had a good call on the breakout of the downward wedge.
      8/6/14
    • Robert Edwards: That's why Grow I tend to cash in half when I get a big move. I miss the home runs that way but the singles and doubles add up. Especially
      8/6/14
    • Robert Edwards: good to take partial profits when trading options (limited time frame) and commodities or futures (leveraged).
      8/6/14
    • Robert Edwards: I hate this rally too Grow, in gold. My head agrees with you but we are getting a short-covering rally. Gold rally probably end soon.
      8/6/14
    • Growfast: TSLA is cranking on large volume. I almost pulled the trigger on long yesterday, but never got my buy price.
      8/6/14
    • burntbun: agreed RE.. was hoping for a 20-25 cent pop after FOMC mins for a scalp... been stuck with it since... that's what I get for chasing...
      8/6/14
    • Robert Edwards: Palladium is not strong and that gives me more confidence that gold rally will burn out shortly. JDST/DUST may be buy late today or Thursday
      8/6/14
    • RCamuti: Good morning all, sorry i couldnt make any comments this morning with all this gold action.
      8/6/14
    • RCamuti: One would have expected a much stronger reaction to the gold price move in JNUG. These headline price moves are tricky trades.
      8/6/14
    • RCamuti: Reports out of Italy arent helping the fear traders out of Europe either this morning.
      8/6/14
    • skysurfer83: Nice 4.7% scalp in XIV today as well, RE i agree with your analogy $50 profits here and there adds up really quick. The way you guys changed
      8/6/14
    • skysurfer83: my view of trading in only 2 months its increible. Glad i took the time to loose 2K in DGAZ, it allowed me to find you LOL
      8/6/14
    • RCamuti: RE & Grow would would be your buy target for JDST?
      8/6/14
    • shopvac20: I got in on GRPN with RE ... I like to see it march towards 6 ... TSLA is moving along nicely, you think its gonna make a run at the high ?
      8/6/14
    • Lefty6x6: JDST supported at 10 so far today, might be a good spot towards the close and an overnight hold - if you don't need sleep....
      8/6/14
    • Growfast: At present, RCAM, 10 is solid support for JDST. I plan to pick up some more JDST options if we hit 10. If we break below that, I plan to
      8/6/14
    • Growfast: look for the bottom and accumulate more. I think RE likes DUST better as it tends to be a little more predictable. I like JDST and JNUG for
      8/6/14
    • Growfast: a bit longer-term, short-term trades as the mis-behavior presents great buying and selling opportunities when you have time and patience
      8/6/14
    • RCamuti: 10 seems to be good support at present, perhaps buying a small tranche @ 10 and waiting to see if it breaks lower to buy more.
      8/6/14
    • Growfast: Sky - I agree on scalping when people have the time. Hard to do for folks working day jobs. Full-time traders, an IAB account being able to
      8/6/14
    • Growfast: trade commodities like RE does is ideal. That way you can diversify out of just the action in stocks and ETFs.
      8/6/14
    • Growfast: And, take advantage of the leverage in commodities. Leverage is why I also like options, but it takes some time to learn the behavior of
      8/6/14
    • Growfast: options.
      8/6/14
    • AlphaOne777: Burntbun: I hope you didn't get hurt to much on that JNUG. I came close to bailing yesterday but took one last stab and hoped for the best!
      8/6/14
    • AlphaOne777: The pop up today was a blessing fo me
      8/6/14
    • Robert Edwards: glad to see the beanstalk does not grow to the sky and Gold finally corrected down a bit. Will watch to see if I want to buy or not.
      8/6/14
    • Robert Edwards: Look at Dow Jones chart of July 8, 9, 10 & 11 and it looks just like the action of the last 4 days. If these are related, could boom stock
      8/6/14
    • Robert Edwards: market tomorrow and should be buying 3X stock market ETFs today like TNA and others
      8/6/14
    • Steven Couche: Grow...I have some calls on EXEL and ANGI expiring next week. Both have stagnated after a strong move then pullback
      8/6/14
    • Steven Couche: I'm hoping to sell them if I get a pop on either but they are dead, would you just sell out or hold on for the pop with the bad decay?
      8/6/14
    • Growfast: Two choices that may make sense depending on your expectations. If in 1 week you don't expect them to move, 1) sell them and take what you
      8/6/14
    • Growfast: can. Or, if you think in a longer-term interval they are going to move in price and IV, then you can roll them forward into a time frame
      8/6/14
    • Growfast: that will cover the expected changes. If you have cash/margin, could also sell some puts, or call or put credit spreads for the week
      8/6/14
    • Growfast: OK; that is more than 2 choices, but 2 choices on your current option holdings.
      8/6/14
    • Growfast: Picked up small TSLA short position. Just seems overbought in here to me.
      8/6/14
    • Growfast: RE, on the market indexes, I agree. If today holds and doesn't sell off hard, I think we could start to see some real strength. Gotta watch
      8/6/14
    • Growfast: TNA has resistance at 69. If we hit that level today and get a pullback from there, it may present a good entry point, or, can wait till it
      8/6/14
    • Growfast: breaks through for confirmation before entering.
      8/6/14
    • Robert Edwards: Hey, I scalped gold from the short side from 1309.20 down to 1307.90, for $125 scalp. I will have to scalp short side if it won't fall more
      8/6/14
    • RCamuti: Having trouble figuring out how to get into this gold market for short term gains. Not seeing an entry point in JNUG or JDST to scalp yet.
      8/6/14
    • RCamuti: I am hesitant to buy JDST because I feel we will still test the $10 price before the close, I might be wrong, its just a feeling.
      8/6/14
    • RCamuti: I have been burned by chasing the market in the past, and have learned from all of you that chasing is ill advised.
      8/6/14
    • burntbun: wiped out some of my previous gains... frustrated that it dropped for days right after my buy... it's like the mkt was waiting for me.. lol
      8/6/14
    • Robert Edwards: This is a messed up day and other than copper I have done little. Fridays r my best trading days. good 2 wait for a great setup save cash
      8/6/14
    • Growfast: TNA did hit resistance today and cross through slightly to 69.10. Now pulling back. Support is at 66.8 which might be a good place to go
      8/6/14
    • Growfast: long if it doesn't look like these markets are going to break down to the short side.
      8/6/14
    • RCamuti: RE/Grow, what are your feelings on the gold miners for tomorrow. After the day we had today in gold, would it be safe to short tomorrow?
      8/6/14
    • WahahazZz: Anybody think about quick scalp on $JDST at the end of the day?
      8/6/14
    • shopvac20: Still holding in GRPN from this morning ... up $450 on it at the moment, thinking about getting out .. RE thoughts ?
      8/6/14
    • Robert Edwards: I think there is a good chance tomorrow we close down but could show a bit of early strength and then high prices rejected and turn down
      8/6/14
    • Robert Edwards: I like JDST 10.15 and lower for small buy and be ready to add tomorrow to as low as 9.60 but should get chance to sell JDST 10.60 or higher
      8/6/14
    • Robert Edwards: by late Thursday. Like Grow said lots of resistance for gold above 1310 to work thru
      8/6/14
    • Growfast: JDST at 10.13. A small byte Wa, might be OK to play with. Nothing makes me eager to buy heavy in here yet - any position relative to Gold
      8/6/14
    • shopvac20: nice ... sitting pretty now about 600 up .. might just call that a day
      8/6/14
    • RCamuti: placed a buy order for JDST @ 10 for now, may adjust closer to close.
      8/6/14
    • RCamuti: 1/2 tranche @ 10, holding cash to possibly buy on further weakness tomorrow. As RE prescribed.
      8/6/14
    • donnavet4pet: LO to buy DUST @ 15.23
      8/6/14
    • WahahazZz: Thank again RE, for the price range for $JDST. What do you think about silver? Its seem to be stronger this year compare to gold.
      8/6/14
    • Robert Edwards: GRPN 6.30 was highest trade in the aftermarket. I just unloaded at 6.24, and would sell out 6.29 Shop
      8/6/14
    • Robert Edwards: the remainder of my position so that I can buy again tomorrow or later today at 6 or lower. I am only bullish under 6 right now
      8/6/14
    • Robert Edwards: Sold Dec Gold 1309.90, bot back 1209.10 for net $75. Like shorting gold against resistance of 1310 to 1311. Bot JDST 10.12 small
      8/6/14
    • Robert Edwards: Got completely out of remainder GRPN at 6.24. If 6.30 was taken out could run to 6.50 but not pushing it. Will buy again tomorrow
      8/6/14
    • Lefty6x6: I'm buying at 10 JDST. I mean, somebody has too, right?
      8/6/14
    • Robert Edwards: Should have doubled the size of my GRPN trade today but 48 cents on $6 stock, you can't complain
      8/6/14
    • Robert Edwards: I will play bigger once we get to Thursday and Friday. GRPN could pop back to $7 within the week
      8/6/14
    • Lefty6x6: RAD at 6 is not a bad pick either....
      8/6/14
    • donnavet4pet: $FEYE dropped 10% today.......do you think it would be a good buy now?
      8/6/14
    • shopvac20: thats awesome .. good eye on GRPN .. closed out around 6.20 ... I will take that... right at 700 buck after commission
      8/6/14
    • Tatt2d: Question from a new guy - if I'm sitting pretty with NUGT, and we are pretty confident in a rally this week, why would I start partial
      8/6/14
    • donnavet4pet: Lefty....I placed an LO for JDST at 10 too. It looks like it may hit but not my LO for DUST @ 15.23
      8/6/14
    • Robert Edwards: Donna, I think FEYE has potential as a buy candidate on the current dip but right now not seeing any hint it is about to turn up.
      8/6/14
    • Tatt2d: selling? just to lock in known gains?
      8/6/14
    • Robert Edwards: I would look to buy FEYE probably on Friday if we fall more tomorrow and stabilize on Friday. FEYE hard to turn once it gets going one way
      8/6/14
    • shopvac20: I cant lie .. DUST is starting to look really good at 15.30
      8/6/14
    • Robert Edwards: A $3 smackdown, like you said 10% drop. Usually want to buy a stock 1-2 days later but rarely on smackdown day. I will add to my watch list
      8/6/14
    • shopvac20: but if the gold bulls are ready to run, I dont wanna get caught in the path .. though if Gaza calms down, we might get a little drop
      8/6/14
    • Growfast: JDST at support. Adding to options.
      8/6/14
    • Lefty6x6: Tatt - it is never a bad thing to take gains....
      8/6/14
    • donnavet4pet: Thanks RE.... I will wait.
      8/6/14
    • WahahazZz: $JDST try to grab some below $10... we will see
      8/6/14
    • Growfast: Got the fill.
      8/6/14
    • Growfast: 9.5 might be next buy level to accumulate if your thesis is on Gold going lower since it is up on Ukraine news.
      8/6/14
    • Robert Edwards: I have made more selling out half and holding rest for higher prices than selling nothing and either hitting home run or striking out. If u
      8/6/14
    • shopvac20: FEYE has my interest as well, might just look for a couple % pop from that
      8/6/14
    • Robert Edwards: free up cash you can make money on another trade and maybe come back and pick NUGT up again later on a dip. Diversify is also good
      8/6/14
    • WahahazZz: filled at $9.90
      8/6/14
    • Robert Edwards: Buy order sitting at 9.86 to add to JDST. Should have had in sooner when it fell to 9.85 but I had placed it at 9.80 and had to move it up
      8/6/14
    • Robert Edwards: At 10.12 bot 1/6 of a tranche and placed bid to buy 2/6 (1/3) at 9.86 and if filled will add 3/6 (half) tranche tomorrow 9.51 in JDST
      8/6/14
    • Robert Edwards: Putting more money in at lower prices really helps lower the average price. 1/6th buy then 2/6th buy and 3/6th buy to complete one tranche
      8/6/14
    • Lefty6x6: we may see a n end of day pull back in gold and miners
      8/6/14
    • Robert Edwards: Looks like I may not get the shares today at 9.86 but will put 1/3 tranche on tomorrow in that area and add more towards 9.50 (1/2)
      8/6/14
    • Robert Edwards: For every 600 shares u buy of JDST, buy 100 first, 200 on more dip & 300 on further drop. This is a valuable scaling concept to implement.
      8/6/14
    • Tatt2d: The $ amount you set the target buys at, are those what you see as support levels?
      8/6/14
    • donnavet4pet: Great scaling in concept RE. that I will use. I hope tomorrow gold will be down. I am "trenched" out for JDST/DUST.
      8/6/14
    • Robert Edwards: 9.50 is support level and big round number so I put one tick higher than that to get caught on smackdown to 9.50. I bot 10.12, & then 30
      8/6/14
    • RCamuti: Got my jdst fill @ 10, holding half tranche in cash for further weakness if it happens. May use the other half to scalp 3X Juniors tomorrow.
      8/6/14
    • Robert Edwards: cents lower would be 9.82 and 30 cents lower you get 9.52. That is another possibility. I move price up a it to get caught sometimes
      8/6/14
    • Growfast: So far, TSLA strong and refusing to roll over. Jumped significantly out of the Bollinger Band today. If the markets don't just take off on a
      8/6/14
    • Growfast: bull run tomorrow, I'm looking for a bit of a corrective day. AMZN looking strong. Shop, FEYE very well may get a bounce after drop soon.
      8/6/14
    • Growfast: I may look for opportunity to sell some FEYE puts again.
      8/6/14
    • RCamuti: RE, did you get the JDST fill @ the low of 9.86, or did you have the order @ 9.82?
      8/6/14
    • Jaybone20: RUSL looks interesting with one more day. Solid support around 12 and exhaustion gap today. If Russia chills out it should correct a bit
      8/6/14
    • Jaybone20: RSI at 30 as well but I would like to see it get mid to low 20's tomorrow, previous two lows acted in same pattern with exhaust gaps at 12
      8/6/14
    • shopvac20: it finished the day pretty weak .. might see what out there in the afterhour session... anything look good for a morning pop out there ?
      8/6/14
    • shopvac20: looking at FEYE, DUST/NUGT, UGAZ/DGAZ .. I know things are going to be moving, I just dont know which way yet lol
      8/6/14
    • Tatt2d: Missed partial Nugt sale and Jdst buy. Was expecting another pop at closing.
      8/6/14
    • Robert Edwards: I missed the 9.86 buy in JDST and should have bot at market at 9.90 but I will get some tomorrow maybe 9.60 or lower LOL!
      8/6/14
    • Robert Edwards: Bot Dec Gold f1307.70 for quick scalp and stuck in here for 30 minutes. They usually rally gold just before it stops trading 5:15 EST
      8/6/14
    • Robert Edwards: Post report, might play UGAZ after the report comes out Thursday morning, especially if it sells off. Won't be buying before the report.
      8/6/14
    • RCamuti: RE, you were right on with that price target, sorry you didnt get it it at 9.86. 1 cent off the low would have been money.
      8/6/14
    • RCamuti: right now i am positioned in JDST primarily till, with a little more powder for tomorrow.
      8/6/14
    • Robert Edwards: RC, I had a limit buy set at 9.80 and when it stopped at 9.85 then I moved it up to 9.86 and missed it. It was acting weak and I thought it
      8/6/14
    • Robert Edwards: would bounce around and catch me. Actually placing trades is sometimes harder than prognosticating even when doing right thing
      8/6/14
    • RCamuti: Judging from past performances in JNUG & JDST, tomorrow should move opposite of today in favor of JDST. Gold hit resistance @ 1310
      8/6/14
    • RCamuti: Unless there is a material change in the markets, there should be profit taking tomorrow in gold and gold miners pushing prices down.
      8/6/14
    • Lefty6x6: in JDST @ 10 -- should be good action in nat gas tomorrow
      8/6/14
    • WahahazZz: So far so good for gold in Asian market, not even touch 1310.
      8/6/14
    • Robert Edwards: This thread is getting too long, will start another.
      8/7/14
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