Platinum breakout?

Hope you had your bracketing strategy in place...

Yep

Hi Paul,

Could I please have the links to the GDX and Volume sites that you use?

Regards

Justin

Justin... Here they are... 

GDX... https://au.investing.com/etfs/market-vectors-gold-miners-chart

Gold and Silver Volume... https://goldprice.org/live-gold-price.html

Much appreciated Paul!

Hope you got onto the moves in G&S recently... Justin.

Regrettably Paul I did not... however I have a bucket of haemorrhoid cream  for anyone who went long on GOLD and champagne for anyone who made good on that massive short LOL... ching ching!!!!

I heard what you said about the market being better placed for going short... but i stuck to my checklist on Friday morning and just reviewed  yesterdays trade only just an hour ago... what turned out to be a whopping bonanza.

There'll be plenty of NEXT TIMES 🙂

Kate... is Justin's offer any use?

Also Justin... remember that I didn't short on the basis of the Check List... 

I used my bracketing strategy around support/resistance...

Justin I won't ask why you have a bucket of hemmorhoid cream in your possession.  And if trading gives one hemmorhoids I suggest they are using the mouse incorrectly . 🙂 

Thanks Paul... I did see and observe your reasoning using the bracketing strategy and i did a little study on that...i will start to incorporate that into and including the checklist 🙂

Hey Nathan, I went and did a short entry on the 8th @ 1285 on gold which got triggered ... but it went long on Friday... massive green candle.

Problem... I forgot to put in a long entry short which would have been sweet... the long would have all but mitigated my short loss... only 2 units... I got stopped out at 1300.

So on Sunday ... I put in another short entry at 1290... triggered and against went long but I did this time put in a long entry at 1310.

As Paul said... its in no mans land but i was happy to be playing around with a strategy BUT point taken... there is no referencing of either a support line or resistance line... so that will go into my thinking next time another opportunity comes my way.

My thinking is that if that at 1310 should it be triggered ... I recoup some of my loss on the short entry at 1290... provided it smashes through at 1300... or if the market decides to go short... I go some way to recovering .... market closed at 1307 in gold.

Hi Justin I just saw your post.  I see that gold did just go over 1310 last week.  Did it trigger your long entry?  

Did you get any sugar from the big red candle on the 14th.   I only got a couple of coffees off gold but silver gave me a nice lunch and a tank of petrol. 

Whats your plan from here?  Gold seems to be acknowledging the  longstanding SR line from Dec 2015 .  Perhaps a bracket there? If it continues up to the bottom of the channel then the HP score long might be on.  Or if price goes down I intend to bracket at the same level we did last time except not right on the SR line of course.  I haven't checked Pauls latest update actually.  I will go do that now.   Best wishes 

G'day mate... 12:26am on  a peaceful Saturday morning.

As you may have noted... I applied the strategy that Paul highlighted in my hot seat 3 sessions back... which I subsequently endeavoured to replicate.

Having applied the stop entry positions both long and short on Gold (2 units) & Silver  (100 Units)...all my stop entries SHORT were triggered similar to what you experienced... only to have gold and silver move up in price ... net result $100 plus lesson (effective strategy at inappropriate timing =unfavourable result)

Suffice to say in lieu of this Wednesdays webinar... rather than twiddle my thumbs in what seems a dead pan week... I placed another stop entry short for gold long at 1310 (1 Unit For Fun & Learning)... another at 1290... and a stop entry long at 1325.

That was on Thursday 21st... my 1310 short was triggered by that red candle ... skinny tip and tail.... green candle today or was that yesterday as of 37 minutes ago.

I'm learning not to be complacent when the market is weak and potentially set myself up for a turn either way. 

I also placed a stop entry short on Palladium... first time ever... given the questions poised this week... at 1500 and going long at 1600.

I noted a significant red candle yesterday... so you never know... high of 1578 and low of 1522.

As i'm writing this ... I'm questioning whether it should be reversed...buy at 1500 and sell at 1600????

I will review the Check list on Monday and make a determination... whether to add to my positions.

Cheers

JP