/ES nearing wave A low

With following buy point on attempted break of blue line with attempt ( on closing or intraday basis ) to establish DWave A low (lower than February 3rd low)  and start of Dwave B – it will happen tomorrow or Friday, which will produce sudden move up lasting 8-10 trading days and peaking around February 20th 2014 – where secondary great short opportunity will be given to SMART shorts – not IDIOT PERMA BEARS type shorts …

Trade well and don’t be lazy – refer to my prior posts on /ES – panning out perfectly so far – starting with my long term prediction of a MAJOR TOP IN MID JANUARY 2014 )

 

You can make money trading or you can lose money you made writing about trading – long live financial bloggers who can WRITE about trading…

 

Thoughts on gold (/YG) 2

 

 

So far gold is acting quite in the way I predicted

“What is insane?” And thoughts on gold (/YG)

and I am looking for good secondary long entry after slight selling pressure off TDST subdued.

I think it will be Thursday when wave B will print on daily – as always things might change, but for now that is the plan.

 

 

P.S. Oh .. and support area mentioned here

/ES INSIDE SUPPORT AREA .. for now

produced 17 /es intraday points bounce

trade well

/ES INSIDE SUPPORT AREA .. for now

 

Did not take long since I posted

/ES near support 

and /ES hit that red rectangle precisely .. again – faster than I expected, but that is why I love trading short – it is FASTER when it WORKS

 

Now I will be watching the break of that blue line – if it happen – all hell will break loose, but I think market will stabilize some for few days and set new slightly lower low in 3 days to print wave A on daily chart.

 

/ES near support

/NG Natural Gas Ready for consolidation

 

 

/NG hit wave 3 target (although MUCH faster than I anticipated … that is what market does – tricks everyone) and ready to take it easy for now

SPX 500 update

Looks like an attempt to form right shoulder longer term – keeping my short /es on the even shorter leash.

Stopped out of /cl crude oil futs

It is just like I’ve never left…

Just amazing what a difference … NOT … two weeks might make, I feel like I stepped into the same water in the land of phantasy…

 

The only trade I have on right now is automatically opened long /CL position off that magic upper trendline of my favorite long term triangle (helped to spot breakout back in June 2013 and strong bounce on Nov 15th 2013.

 

Still in the vacation mode, hands still bleeding from tying the knots on my buddy’s yacht and still trying to reach out to my lady friend who accompanied me on my trip (she is a real doll, 23 years younger then I and a really good friend…yes that IS possible between old burnout like myself and someone who played in few Broadway musicals) – stay tuned

 

 

 

P.S. Starting to look through the charts and so far is feels like my point of view of January 15th 2014 being a major top might just prove to be correct

AAPL

Boringly predictable or NIKKEI /NKD

Small EWJ short opened on combo sell 13 making some money, I am totally unwilling to place any significantly big trades until “end of the year that was 2013” profit taking will end and markets will reveal real intentions. I’ll be keeping it on the short leash around 15550 area. Why this level? Hmm.. – why not?

 

“What is insane?” And thoughts on gold (/YG)

 

Garland Greene: What if I told you insane was working fifty hours a week in some office for fifty years at the end of which they tell you to piss off; ending up in some retirement village hoping to die before suffering the indignity of trying to make it to the toilet on time? Wouldn't you consider that to be insane?

 

 

Back to gold – quite an impressive bounce once again off that now famous grey area and weekly TDST (blue horizontal line)

I have no position and I will be watching 1235 (red arrow) and if it gives – 1253 (green arrow) – why you ask? because I think if it will go above 1250ish it will signify trend change in spite of all those self important “gold goes to $600” false prophets.

 

 

 

I might take a quick short at 1234, but I do not put too much hope in that trade and no matter what it will be short lived indeed.

 

I am still in vacation mood, sitting on sidelines (leaving Jan 1oth with my friend who has photo shoot in St. Thomas – and I jogging along for all the goodies unmarried man might have having such friends LOL ).