bobcollett

Hi SunTrader I always like to see other traders charts There is often something identified which I failed to see. Whats the oscilator at the bottom of your chart? How does it work? regards bobc

Hi equitrader Is that your guess, your view , or your opinion? Or are you really going to go short? regards bobc

Thought I,d also repost this for the disbelievers regards bob

Just thought I,d repost this for the infidels regards bob

The Secret Sign That Gold Has Bottomed I wonder if somebody with a bit more experience than me in Options, would care to comment on this article thanks bobc

My Blog Well , now that Patuca has left the forum, I can safely post this interesting article on Gold There is lots more on KING WORLD NEWS for the more intellectual member. (That sort of leaves me out ) regards bobc Sorry, I cant get my hyperlink to work (BBC...born before computers)

Hi Patuca You are starting to sound like zdo What are you referring to? regards bobc

Hi zdo, I could,nt agree more bobc PS Testing my new look for the Lunar red period .......markets weaken

Hi Mircea, I see you are from Romania, so you wont understand that our comments are just about making fun at one another .And at the same time perhaps adding to our knowledge. There is no problem between Patuca and I. But Patuca has lots of problems with the other members..... hes a tough old goat so I dont think he is too concerned I am his last friend :rofl::rofl::rofl: kind regards bobc PS Are you a boy or a girl?

To all members I am sorry It is my fault I posed the question about Coffee on this Gold thread. And my friend Patuca is just trying to help. And bear in mind , he is nearly 72, so he might not realise the implications. ;) regards bobc

I have a possible bottom for both Gold and Silver based on Uranus cycle. I wont post it to avoid all the ridicule, unless someone is interested. We all understand the fundamentals.........its a bear market (You do understand this Pat???) How do you find a bottom using fundamentals? Some comments please Now for a different idea in the technicals I thought I would look at FIBS, having read a whole thread elsewhere on TL I note both SunTrader and Siyua find FIBS useful. I struggle to decide on the start point. Do I start at the high $1833 and project down 0.618 = $1132 So the turn is at about $1132 Or do I still take off the $255 where the trend started =$ 877 We still need to discuss elliot wave.... next week. regards bobc PS Some more . The only FIB in nature is 0.618. All other FIBs are hogwash (burros)

Hi Patuca No trade taken.I need to understand the coffee market a bit more.....get a feel for it. I also received some inside info from a coffee grower to BUY at a breakout of 123. So I did nothing. Rome wasn,t built in a day. regards bobc

This is a true story An elderly man,Pat....short for ,owned a large farm in Alabama. He had a large pond in the back , next to the river. Nice clean water. He added picnic tables, some apple and peach trees and HORSESHOE courts. One evening, he decided to go down to the pond and pick some apples. He took a 5 gallon bucket along to bring back the fruit. As he neared the pond, he saw a bunch of young women skinny -dipping in his pond. He made the women aware of his presence and they all ducked for the deep end. One of the women shouted to him, "We're not coming out until you leave !" Pat frowned and said "I didn"t come down here to watch you ladies swim naked or make you get out of the pool" Holding the bucket up , he said, "I'm here to feed the crocodile..." regards bobc

Hi Ammeo Heres an idea if you dont want to risk too much money ALL the Gold miners are operating below their CASH costs Pick the one with the highest P/E and sell it short. Target 5% profit Stop 2% Have a look at the attached for ideas Regards bobc

Come on Patuca, thats not nice. I realise you are under a lot of pressure, with all those gold bars under the seat of your 1974 Ford Mustang , and I note MM questioning your stops and risk.Still, dont get personal. If you dont like it ,say thank you , and move on. regards bobc

I wonder where Tams is? He likes motor vehicles

Hi Ammeo Talk is cheap. Are you a buyer , or are you just talking. You can trade Gold using a CFD and 10: 1 leverage, so $20 000 will give you a facility of $200 000.Thats more than enough for retailers. If you need more than that , you are on the wrong forum. regards bobc PS I see my favourite Goldman Sach has taken a dive :puke: The other big banks will follow.

You see Patuca Even gianno knows the trend is down. And there you are holding on to your Gold bars :doh: And if you bought at $1500 you will soon have to sell your farm in Alabama to pay the margin :crap: Happy Independence Day Your friend bob PS Is it raining in the US? :spam: PSS. I see you are back from your long weekend. When do we get some insight on your chart .

Patuca has gone away for a long weekend , leaving us all in suspense, wondering what we cant see in his chart. So heres some useless information Tomorrow the earth is at its furtherest point from the sun. Thats called aphelion. You would think it would be a bit colder, but not so. It makes summer in the US 5 days longer and I predict lots of rain. :helloooo: And Gold ....... its goes sideways. regards bobc

Hi Patuca I think these pervesity points, which I call pivots , are just the ebb and flow of the market.Random noise in a low frame time 5 m chart. And without the open / close of each bar visible I would not be able to scalp the short trends.... Brookes style. And without the long term trend visible, I would not be able to swing trade And without a TURN point., I would stay out. regards bobc

Well Patuca, What can I say? You have an amazing sence of humour. Strangly enough , women rate a sence of humour as sexy ,and more important than a tennis court. Ha. You thought.... BUT Second time I am telling you You have to start being nice. And stop chewing tobacco regards bobc

Hi Patuca I am out....no position Half day in New York affects my market + no market tomorrow., and half of the US will take an extra days leave on Friday I am getting a possible Major TURN on the US $ from Friday. What would affect the dollar?Gold would do the opposite. Still looking for a bottom. regards bobc

Hi Detective Pat. I forgot to ask in my previous post I hope you are'nt still LONG in Gold? Or have you moved your stop loss ? :haha: Kind regards bobc

Hi Patuca After that brilliant detection on "Beyond Taylor" ( LSTTT in a girl ):cool:I think you should be called Detective Pat Ok I am getting all my facts together on Coffee, but I might have to start a new thread, which wont go far. Nobody trades Coffee. Perhaps you can spot the secret code. But no moving Stop losses regards bobc PS Do they grow Coffee in Alabama?

TRYING TO FIND A BOTTOM Will all the technical traders have a look at my chart. The last time the RSI fell to -20 , it bounced back nicely. Could I use this to find a bottom if it bounces again off -20? regards bobc