From now i will have one main idea, and all the ideas as we reach cycle targets for the year will be updated in the thread.
Fallow, like so you dont miss the updates.
I dont trade short term, keep in mind my ideas are longer term, and its boring.
We wait for the cycles to bottom and we wait once in the trade for the trade to mature.
Fallow, like so you dont miss the updates.
I dont trade short term, keep in mind my ideas are longer term, and its boring.
We wait for the cycles to bottom and we wait once in the trade for the trade to mature.
Comment:
Comment:
Update march until april:
Current cyclemodel shows downward pressure for gold until end of march.
On the weekly chart we are approching the 21MA and we expect to test or stretch trough before we find support for a new upmove.
On the daily chart we se the price stretched from the 21 MA, we expect the price to break the trendline and catch up to the 21 daily MA.
The way i trade this is to find longer term cycle bottoms and buy gold stocks, sicne they are levereage for higher gold prices. I have currently ticker: BBB
(Brixton Metals Corp, TSXV). Probally one of the best exploration stories i have found in a while. Its priced cheap, and i am loading up on stocks under price of 0.2.
This is our idea for March-April. Will update again for April-June, once this plays out.
Current cyclemodel shows downward pressure for gold until end of march.
On the weekly chart we are approching the 21MA and we expect to test or stretch trough before we find support for a new upmove.
On the daily chart we se the price stretched from the 21 MA, we expect the price to break the trendline and catch up to the 21 daily MA.
The way i trade this is to find longer term cycle bottoms and buy gold stocks, sicne they are levereage for higher gold prices. I have currently ticker: BBB
(Brixton Metals Corp, TSXV). Probally one of the best exploration stories i have found in a while. Its priced cheap, and i am loading up on stocks under price of 0.2.
This is our idea for March-April. Will update again for April-June, once this plays out.
Comment:
So far everything is going as expected, we fallow the plan.
Comment:
On the daily price catched up to the 21MA and dropped.
On the weekly price testing 21 weekly MA.
So far so good, fallow the plan.
On the weekly price testing 21 weekly MA.
So far so good, fallow the plan.
Comment:
Comment:
Weekly march-april update:
Our call was the daily price would test the 21MA and the weekly price would test the 21MA. Both came true. Based on cycles we expected a low end of march. This is stil valid. I am waiting for a better long entry by end of march.
Dont be fooled, fallow the plan. And dont fallow to much people, you dont know if they trade, sell courses for a living or anything about their proformance. True trading is boring but easy. If you dont like boring, you should not trade.
Our call was the daily price would test the 21MA and the weekly price would test the 21MA. Both came true. Based on cycles we expected a low end of march. This is stil valid. I am waiting for a better long entry by end of march.
Dont be fooled, fallow the plan. And dont fallow to much people, you dont know if they trade, sell courses for a living or anything about their proformance. True trading is boring but easy. If you dont like boring, you should not trade.
Comment:
Lets see if our theory holds true. There are alot of posts on tradingview about gold higher what will happen, the bank colapse.. These people are drien by their emotions and are not rational. They only focus on news and todays headlines. Its fast track to the poor house.
Whatever happens we accumulated when price was heading down. So we should have a good position, cycles stil show weakness until end of march. If gold drops again i will keep accumulating gold stocks. My current positon is BBB (Brixton metals corp, TXSV) i am buying alot as price keeps falling. Buy under 1,8.
Whatever happens we accumulated when price was heading down. So we should have a good position, cycles stil show weakness until end of march. If gold drops again i will keep accumulating gold stocks. My current positon is BBB (Brixton metals corp, TXSV) i am buying alot as price keeps falling. Buy under 1,8.
Comment:
Comment:
Weekly march update:
We expected a upmove and it happend.
Price is noe stretch above the 21MA on the weekly and daily, and price and avrages must catch up. Also there is divergences forming on the weekly chart. We expect price to cool off and catch the avrages, not much upside left, to big risk.
We expected a upmove and it happend.
Price is noe stretch above the 21MA on the weekly and daily, and price and avrages must catch up. Also there is divergences forming on the weekly chart. We expect price to cool off and catch the avrages, not much upside left, to big risk.
Comment:
Upate April-May:
Current cyclcle model show Gold will correct for now, after forming a low it will rally into May.
Current cyclcle model show Gold will correct for now, after forming a low it will rally into May.
Comment:
Comment:
Banks have been increasing shorts while veryone has been buying inn.
Short term its far stretched over the 21 weekly MA and will need to catch up and test it.
Short term its far stretched over the 21 weekly MA and will need to catch up and test it.