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Market Wizard
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About bobcollett

Personal Information

  • First Name
  • Last Name
  • City
    Johannesburg S.A.
  • Country
    South Africa
  • Gender
  • Occupation
  • Interests
    Reading , chess, golf, astronomy

Trading Information

  • Vendor
  • Favorite Markets
    ALSI 40 South Africa
  • Trading Years
  • Trading Platform
    IG Markets
  • Broker
    IG Markets

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  1. Hi Farridin Some more morality John the apostle wrote Revelation. He then helped George Taylor write TTT. Both incomprehensible You can use both books to "press"leaves. Theres another thread on TL ," Beyond Taylor ", which has some useful info It was started by Mishibushi, a London car dealer, but very knowledgable. The posts used to be numbered, but no more Look for Patucas posts from page 29. He is the only trader I have seen to start a book,trade daily using TTT, document it, and show a profit Worth a read Regards bobc
  2. Hey Patuca How you doing? I was thinking about you the other day. I have this option on the Brooklyn Bridge and I know how you love a bargain. Let me know Kind regards bobc
  3. The beat goes on, after all these years........... Hi Farridin If you wanted to learn to play golf, what would you do? Read everything you can find on Golfers Laboratory. Study all the books on the subject.Talk to lots of golfers.And practise on the range... lots. SIM . Then you have a few real games.Not quite what you expected.you need some lessons! The same with TTT. Find a mentor.And if you have to pay Richbois, it will save you years of struggle. You must have the same chart as the expert and follow him with the count, see when he enters/exits. Otherwise you are wasting your money. Try Elovermore, if hes still around. And after all the lessons, you will face five up days in a row F..k Nobody explained this And the you face nine down days in a row, double f..k Good luck bobc PS Dont listen to zdo
  4. Heres an interesting article on how the Spot Gold market works. Paper Gold Market: A Look Inside The Secret World And its mostly paper trading. No physical delivery. What would happen if a client asked for delivery? bobc
  5. Heres some info for the Brexit referendum in Sept. Everybody is short the GBP, because it will weaken on a possible EXIT of GB. So no matter what the outcome, the GBP will strengthen.Hows that for trading logic Buy the GBP just before the referendum. And this logic leads to a weaker $, and GOLD goes up. And as I say to myself every morning at 2.30am,"anything can happen" regards bobc The GBP idea comes from Jared Dillian of Maudlin Economics
  6. Gold is moving up because the $ is weaker and OIL is weaker. That fits my plan Equities are up because the FED says no more interest hikes. That fits my plan BUT Equities and OIL work together. They go up and down together. And Gold and Equities work in opposite directions.So everything is out of step, and corrections are required.Wish I knew what will correct. Gut feel says the Feds comments are the strongest :missy: So Equities are good. OIL and the $ are going sideways. And Gold is going down. JUST NOT TODAY. Silver was up 5% yesterday... Second day play gives it another move higher.You can buy from zdo. He is selling :doh::doh: regards bobc
  7. Dear zdo What has happened to all your Silver holdings? regards bobc
  8. Hi zdo Dont believe everything you read Kind regards bobc
  9. Hi zdo, Interesting post. Gold has gone sideways for a while, and theres a strong support level.. So we just need a catalyst to go UP. Weak $ and expecting another 3% fall. Almost a BUY .... with some rules Regards bobc
  10. LOL:rofl: My wife is a psychologist. I have sent your post to her for comment. Dont worry , I will keep it all confidential. But I think you have a problem. bobc
  11. Hi zdo Today is a public holiday in sunny South Africa. Markets closed. And my big money game on the golf course was disasteraous. Why do you want to short the index? Please dont post someone else 's idea. In your own words, why? kind regards bobc
  12. Hi zdo Heres my idea of when to get short the index. When OIL falls to 37.30, SELL 1 contract. (Index) Tight stop. When OIl falls to 36.30, SELL another contract. When OIL falls to 34.40, SELL another 2 contracts and pay a visit to your local Merc dealer.You might also want to visit your bullion dealer and buy some Gold/ Silver. If OIL goes above 39.00, SELL the merc and buy the index.. OIL is down 1.7% today.... BUT Euro Bank reduced interest rate to 0% today...... thats bullish. Kind regards bobc
  13. Heres a chart for GOLD showing some EDGE. Without EDGE you will fail :crap: Note after the TEST , you could have made some money. Also note GOLD is trading in a band with a breakout today on LOW VOLUME Its just a scalp BUY. Draw a line above and below the trading range ..... thats consolidation. Until we see another TEST. Then Bobs your uncle. And if it breaks either way , there MUST be volume, otherwise its false. bobc PS Warning I am trading CFDs and the chart might differ from yours.
  14. Hi zdo More............... Gold will rise if the Index falls..... my theory. So you should play a straddle, Sell the Index and Buy Gold..I think you like these sort of hedges. My view on a hedge is you have limited your risk and that obviously limits your profit. Whats happening at the moment is Gold is rising and the Index is rising. "Here comes that rainy day feeling again" There is another factor, ignoring the $. I think thats OIL. OIL is somehow affecting the price of Gold, and the latest bounce in OIL on raising inventries is false.And the professionals see this and are buying Gold on a rising OIL price. And while OIL says above $34, DONT SHORT THE INDEX. regards bobc PS . Please post an index chart. regards bobc
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