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bobcollett
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Everything posted by bobcollett
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WOW kuokam, This is a sophisticated Market Profile chart. You never told us about this!! regards bobc
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Hi kuokam I read your post with interest. Well done . You are in the money. I think a $2 stop is too small when the average daily range is about $12. My stop varies on what time I entered but is usually about $5 I would welcome some comment on this. regards bobc
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C'mon Mighty Mouse, How are you going to trade your comment? Are you suggesting going SHORT at 1332, and looking for the1200 LOW?. Or are you already short and hoping for that LOW? I wonder if you even have a position with a comment like this. regards bobc
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Introduce Yourself Here - Don't Be Shy!!
bobcollett replied to trading4life's topic in Beginners Forum
Hi kookiemonster, You must have emigrated from South Africa or Holland , with a name like that. You will waste years of your life, and lots of money with your new venture.:doh: This is not the thread to give advice, but for what its worth....... You have to find a mentor to shorten the learning curve. And by a mentor I mean a local trader in your area who will help. Even if you have to pay for it.:crap:And with all the sharks out there you will pay more than once.:crap: Imagine deciding you want to become a professional golfer. Do you think reading 100 books will make you a professional golfer ? I rest my case. kind regards bobc -
Hi kuokam Ammeo had the balls to make a prediction, and he will be wrong more often than right. Thats trading !!!!!! regards bobc PS We look forward to your next call
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Here is an interesting article for comment regards bobc
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Hi SunTrader And I did see this, but after the last three lines of my attachment,and not one person offered support,what would you do? Would you carry on posting on TL bob PS mitsubishi sent me a PM I talk to Silver by email But my friend Patuca is gone
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Hi SunTrader, I am not very good at this but I will try.... I have never traded Bonds, but I "dealt " in Preferecnce Shares in my first job on the stock exchange......1968 And Prefs are very similar, just a much smaller market Bonds are inversely related to interest rates If a bond pays less interest , it is worth more eg $100 bond pays 3% pa = $3 pa.... everything is in balance Interest rate falls to 2.9% =$2.90 pa... the guy who issued the bond has a lower cost, but the poor bond holder is getting less, so the price will adjust For the bond issurer 100 =2.9 x = 3 Therefore 100 x 3 / 2.9 = $103.45 ... a nice capital gain. For the bond holder 100 = 3 x = 2.9 Therefore 100x 2.9 /3 = $96.66 The bond holder has suffered a Capital loss (unless he holds to maturity) So he will sell his bond and Buy something else...... maybe GOLD I think a Bond dealer should add a bit more to my poor explanation But at the end of the day, if interest rates are below 3%, (which was the high ) Gold will rise. regards bobc PS I think you know all this , so I am wondering why you asked the question? PSS.. Low interest rates will be the destroyer of our wealth, but thats another thread PSSS. Gold back to $249. I am getting nervous
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Dear SunTrader We all realise you had a tough childhood, up in them Kentucky hills..... but you are becoming a cynic. Never a good word. Tomorrow morning, try this famous Dale Carnegie idea. Say to yourself "I realise I should have been long Gold, at least up to 1275 . I will try and change my ways" :haha::haha: Your friend Bob
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Hi SunTrader We all have our methods Counting waves is very subjective. If you get it right, its a big winner. Now watching Bond yields is objective. As long as the yield stays below 3 %, gold will rise. Easy :helloooo: regards bobc
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Long Gold at breakout 1248 First target 1275 Real target 1322 Looks like a home run coming. regards bobc
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Hi Sun Trader, That was fast :) There is no difference, or very little . There is no edge trading a future or the Spot....... except the cost. I would welcome some comment on this statement. regards bobc
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A line on close should work Thanks boc
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Hi kuokam Go back for 10years . Early January. What did Gold Futures do at the beginning of each year ? regards bobc
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Hi SunTrader Please post your Futures chart. I would like to see if a big Futures move was followed by a big spot price move. Can you overlay them? regards bobc
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Hi Oily I see you come from the UK....so judging by your smutty posts.... I guess thats Edmonton, London, or Toxteth, Liverpool. bobc
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Hi Handle Sorry but I cant resist this.......you should be reading some books on Joe Ross. regards bobc
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Hi Deron I dont think you need rewrite the article You still need a starting point ..... in your trading model and mine, consolidation/ accumulation.And you are obviously going to tell us a bit more. regards bobc
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Hi morpheus, So there is a holy grail.....its skewing the maths in our favour. regards bobc
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Hi oilfxpro, Terrible bobc
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Hi meshpips What do those purple arrows on your chart mean? kind regards bobc
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Taylor Trading Technique
bobcollett replied to Dogpile's topic in Swing Trading and Position Trading
Hi GannTrader, Perhaps go back to "Beyond Taylor" Have a look at Patucas methology Start at post 595 Pay attention to post 612 .... and 771. I accept Patuca rephases. He changes the SELL days to something else:) And he made money. I would love to see somebody else take up the challange. kind regards bobc -
Hi mitsubishi, Thats what all retailers are taught.... Mr Blue. And thats why they make baby pips, and eventually lose their stake. I think Mr Pink must make a subjective decision to see a home run. (or suicide) And that subjective decision is based on a combination of things....NOT just a chart. regards bobc
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Hi Patuca Not quite sure what point you are making? regards bobc
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Be careful SunTrader Everything happening at the moment leads to a weak dollar.... thats a strong Gold I am LONG at 1301 regards bobc