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bobcollett

Market Wizard
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Posts posted by bobcollett

  1. Posted

    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

     

     

  3. Posted

     

    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

     

     

     

  5. Posted

    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. Posted

    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. :confused:

    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. Posted

    only the gullible should accumulate PM's

    everyone else should be keeping their 'certificates' for...

     

    bobc,

    don't believe anything you read... :rofl:

    World Class Journalist Spills The Beans & Admits Mainstream Media Is Completely Fake | Collective-Evolution

     

    or hear

     

    thank god they've never been spoon fed like that in financial news reporting...

    traders and investors can trust the financial media

     

    keep adding and 'building' big things in to the brains

    They Will Have To Re-Write The Textbooks For This One | Collective-Evolution

     

    Dear zdo

    What has happened to all your Silver holdings?

    regards

    bobc

  9. Posted

    bobc,

     

    ... PM's are a bandwagon instrument... hardly anyone on the wagon right now... good time to accumulate for wealth preservation...

     

    ..

     

    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

    Gold_daily.png.5240eda56187e3a7c2dd63c350ece735.png

  10. Posted

    cycles

     

    (btw I don't really 'want' to short the index(es) :)

    ... they 'need' to be much higher... )

     

    (and also... re golf

    I'm scheduled next mon afternoon to play the first time this year (and maybe last time :doh: ) )

     

    most games are about winning some sex

    golf is sex.

    18 times.

    most times it's bad 'sex'

    :2c:

    )

     

    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

  12. Posted

    ... discover emptiness in "misfortune”...

     

    stopped out again on the early entry portion of proprietary shorts in indexes.

    will still start getting short... somehow ... over next week or so ...

     

    bobc, hope you held your long... :)

     

    zdo

     

    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

  14. Posted

    Heres a chart for GOLD showing some EDGE. Without EDGE you will fail :crap:

    Note after the TEST , you could have made some money. :2c:

    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.

    Distribution_1.png.891ec15b9d096968f765e499893a731a.png

  15. Posted

    :off topic:

     

    Instead of buying stocks, I would like to short them starting today and tomorrow.

    Does anyone know a good way to do that? :confused:;)

     

    ;bak on topic;

    what would that do to gold?

     

    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.:cool: 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.:wtf:

    "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

  16. Posted

    :off topic:

     

    Instead of buying stocks, I would like to short them starting today and tomorrow.

    Does anyone know a good way to do that? :confused:;)

     

    ;bak on topic;

    what would that do to gold?

     

    Hi zdo

    Professionals sell into a rising market. Distribution.

    But they need to make sure there is no more strong demand.

    So they use a test. Nearly the holy grail.

    The market is marked higher using some news,and if there is no demand , closes back near the open , with VERY LOW VOLUME.The candle looks like a shooting star.

    What are you going to short and we can check for a test?

    No shorting until you see the test.

    But I think you know all this and the post is for traders who might just short stocks on your say so.

    regards

    bobc

  17. Posted

    Dera zdo

    My "tongue in cheek" post was written to try and get you to stop posting in riddles....and use

    understandable English. It was meant to show that your comments could be interpreted differently to your real meaning. And the Judge was my wife ... a qualified English school teacher.

     

    It was not meant to be a personal attack.So I am sorry if my bad communication offended you.

    kind regards

    bobc

  18. Posted

    Still working to add 10% more shorts into this strength. (As noted before: these trades are hedging a long physical PM position .)

    Fwiw - I would be stopped out of these shorts by certain auction/price action if gold prices were to go to the 1300 to 1330 range in the projected time... we'll see.

     

     

    :2c:

    This is 'fear/safety allocation' fiat coming in now... (and lots of it is non USD ) ... all of it is money that is typically easy to tempt back out of PM's

    It's not the real deal - the capitulation - the enanthropia of belief in the system. That is not occurring YET..

    There's no predicting when that will happen... but, imo, this ain't it - YET :).

     

    Noobs, (actually to 1 in thousands of noobs) - don't waste these days. They are wonderful times to learn how to 'fear' properly, etc. Will pay dividends in coming years.

     

    :missy:

    Hi zdo

    So what you are saying is.....:confused:

    You have this long PHYSICAL position.:angry:

    You actually own the Gold. :doh:

    So you must have bought it years ago.:roll eyes:

    At about $1400.:haha:

    And now you are hedging it. You are adding Short positions to your Long.:wtf:

    And if Gold goes to $1300 you will be stopped out. :helloooo:

    Good luck

    I still dont understand how you will make a profit. It looks like you are trying to recoup a loss

    bobc

  19. Posted

    Based on historical data bearish on gold.

     

    Hi MG

    Did you read this somewhere?Or is this your own view? :smoking:

    Hold it . I know. You are SunTraders cousin. :haha:

    The $ has lost ground, with more to follow...... weak NFPReport, possible hold back on FEd action. So I would think Gold is bullish.

    Kind regards

    bobc

     

    PS Got any ideas on Oil??;)

  21. Posted

    The perception of crisis was missing since 2009

    I feel the perception of crisis is rising. I am not suggesting that we will have a crisis.

     

    I have very strong opinions about the 2008 crisis that do not match up with the well known narrative.

     

    Well MM,

    You have reached that pinnacle of success

    The workers fail to understand either you or zdo.

    bobc

  23. Posted

    Although volume was rising on recent corrective up move and tailing off last two days, open interest was dropping. No good for sustaining this short term bull move. Dive, dive, dive ;):

     

    AAH ,Michael,

    About 3 years ago I realised how you could be so confident in calling the BEAR. And I forgot about it.

    You are trading options. No drawdown. Until the end.

    Notice Gold goes up on good volume with nice big candles, and falls on decreasing volume. Thats a sign of strngth. and the price is holding UP near 1120, even though the Stock Market is strengthening.Maybe zdo has a point, pullback and then move to 1140.

    bobc

  24. Posted

    Although volume was rising on recent corrective up move and tailing off last two days, open interest was dropping. No good for sustaining this short term bull move. Dive, dive, dive ;):

     

    AAH ,Michael,

    About 3 years ago I realised how you could be so confident in calling the BEAR. And I forgot about it.

    You are trading options. No drawdown. Until the end.

    bobc

  25. Posted

    Bobc,

     

    start a 'crude' thread.

     

    be warned though ... that fkn 'neck might show up. ;)

     

    btw 'neck doesn't remember ever going to or even through mississippi (but... no doubt have been over it ... to and from MSY, DFW, HOU etc. etc )

     

    zdo

     

    Sorry zdo, about the Mississippi redneck.I got you mixed up with Michael (SunTrader) :rofl::rofl:

    My friend Patuca come from Alabama :doh::doh:

    I googled your profile and I see you come from Mexico ;);)

     

    On a more serious note.... "start a crude thread" :roll eyes::roll eyes:

    Unless it includes some indicator, it will get three responses..

    People come to TL looking for the Holy Grail, which is usually an indicator. I DID. :helloooo:

    There is only one indicator ...... VOLUME. But thats a story for another day.

     

    And on a very serious note

    Today the SA Reserve Bank (equivalent of the FED), increased the interest rates by 50 bp.

    You can earn about 7% on your money, but if the Rand falls 10% at the same time.... how much did you make.?

    The increase in the interest rate immediatelly strenghtened the Rand,and the Gold price weakened a bit on a stronger Stock market. So that was the end of my marginal gold mine trades.:wtf:

    Nobody said it was easy :bang head::did I say that?::did I say that?::did I say that?:. And its the last time I trade with a clean keyboard.:crap::crap:

    regards bobc

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