I just spent half an hour putting together two very juicy looking precious metals setups for you guys when silver suddenly fell off the plate, probably due to Draghi sneezing or passing some type of verbal flatulence. Gold fortunately seems to be less affected and if you act now you may just be able to snag one grade A entry:
I’m waiting a few more minutes for Draghi to finish and if she holds plan on grabbing a long position near 1200 with a stop a few ticks below 1197. However if that spike low gives then the entire formation is going bust and we may actually try a short entry on a retest of the 100-hour SMA.
Otherwise I won’t be doing much [...]
It seems that most forex and futures symbols continue to run in circles ahead of the Friday presidential inauguration and unfortunately I found little to share on that front. Which leaves us only with stock symbols but fortunately I was able to uncover a few goodies.
And we are officially ticking in 2017! I trust you enjoyed a memorable holiday season and are now ready to slowly abandon each and every New Year’s resolution you committed yourself to just last week. Personally I’m pretty proud of myself as I survived yet another Christmas without adding a single pound. Plus I spent much of the past 10 days collaborating with Scott and a few others on an improved version of Scalpius. I’ll be sharing more on that that as we’re forward trading the system over the coming two months.
The subtle sucking sound you may be hearing is the increasing drop in participation that started yesterday and is expected to exacerbate during the final trading sessions of the year. Which makes for increased intra-day volatility and the occasional stop run. ‘Tis the season after all – and when we’re not busy being run over by religious fanatics in weaponized tractor-trailer trucks at our local Christmas market, we’re now shifting focus on last minute errands and gift wrapping of useless trinkets guaranteed to be returned for soon to be illegal cash early next week.
For most people it’s been a rough year on practically all fronts: [...]