Lots of speculation on GC right now, rather than giving the same answer to every DM and text, here is my 2Β’. Not advise, just my opinion. Many are calling for 1300. Note that Gold is one of those assets that has higher than normal respects for technicals (specifically the basics - horizontals, trendlines, channels, and fibs). It’s a fun asset, just like the RUT / $TF, the lines matter. This is not a clean channel here and it has been violated, but that’s not the point. After the bounce in 1Q 17, draw a regression line to date, notice how it has respected that line all year. There was congestion at these levels each occurrence. If we print 1300, we will have to cross that line and will most likely breach and retest, or just hang out and oscillate around it. Either way, hanging out, on a reversal creates higher premiums to be collected on a .20 delta write and groups of traders with unfinished business that will support the congestion.. My take away is I will short on a retest, as well as write (sell to open) OTM calls. We will most likely hang out (capture that theta burn against my units). If the implied volatility pops, I’ll hit both side and write a .20-30 delta strangles, maybe even ladder out if I can take a larger position. I will be using the big boy contract, pictured is a continuous view with front month quoted. $GC(g8) Thoughts? Btw we break congestion to the downside with out a retest, you can count on 1280/1300 as congestion area, either way, it’s on my radar. In a perfect world, we slam into 1300, possibly breach quickly, and start writing puts at 1280. May get tested, but you will have the unit to cover and the naked call to offset. #QEtoINFINITY #stockmarket #trading #madmoney #investing #commodities #invest #nyse #sp500 #wallstreet #wealth #oil #gold #dollar #equities #futures #getthatoffrine #daytrade #swingtrade #FOMC #nasdaq #cnbc #nymx #zerohedge #bonds #aapl #finance #money #spx
21
6 hours ago
Yourdailytrade: 2 Our FB position is sitting nicely, about 7% profit attained currently. There is still time to get into this trade! Our Key exit dates for this trade are right before earnings, after earnings and our expiration. The criteria for closing out at one of these 3 dates is: πŸ”‘πŸ”‘πŸ”‘ 1) satisfaction with profit attained.πŸ”‘πŸ”‘πŸ”‘ 2) downside risk remaining for the time period of the trade. Personally if I’m at a 50% profit mark before earnings I’m closing out. Otherwise I’m holding till expiration.
13
9 hours ago
Apple: The Party Is Just Beginning: On Dec 19 2017, Nomura Instinet downgraded Apple's stock to Neutral. Our Algo still reiterated its $235 price target. Then Yesterday, BofA raised Apple's target price to $220 per share which implies a market valuation of $1.1 trillion and now RBC's Amit Daryanani sees Apple netting $207 billion after taxes. Read Full Strategy: bit.ly/AAPLSTRATEGY #AAPL #StrategyAlert #StocksTrader #TaxRepatriation #Trends #Strategies #Analytics #Signals #Alerts #AccurateTips #DataMining #WealthCreation # Start2018Right #GameChanger #CreatingAbundance #ChangingLives #Algorithm #Quants #AI #QuantamentalInvesting
6
17 hours ago
So i was being cheap and not buying a back up internet ...was watching AA before the internet went off...i wouldve shorted it 100000% ...it tanked a dollar because of me trying to save like 30$/month on back up internet! Well done! Idiot of the day #daytrading #swingtrading #pennystocks #shorting #nvda #goog #aapl #forex #charts #indicators #money #success #wealth #rich #business #entrepreneur #strategy #scanner #wallstreet #spy #nasdaq #dow #investing #money # wealth #crypto #bitcoin #litecoin #shorting #swing #crypto #bitcoin #litecoin #etherium
31
19 hours ago
AAPL buy signal that I identified yesterday afternoon using my software.
8
20 hours ago
Load more