Todays video is about the rule of three! Pivots, Fibs and EMAs when areas of support and resistance line up with EMAs and Fibs
Good Trading and stick to your stops
KT
Good Trading and stick to your stops
KT
Gold bouncing out of ambush long!
Gold is just poking its head out of the Ambush Long Set up.
Zone: 930.10 - 915.00 level
Reuters article on gold suggest China needs to buy more gold reserves as the metal is needed to support the greater international role envisaged for the yuan. Read the article
Good Trading and stick to your stops
KT
Quote from Interview “Gartman: I think Mr. Buffett made some terrible mistakes last year. We all made some mistakes. And the fact that Mr. Buffett was down, what, 45 percent, that Berkshire was down 45 percent, and that not enough action was taken to mitigate those losses, I thought was disconcerting and poor trading. I am short Berkshire Hathaway right now for that reason. It continues to sell at a huge premium to net asset value, so I’m short of it and I’m long of Goldman Sachs. I’m short of Berkshire, and I’m long of Loews because they sell at discounts. But I think that Mr. Buffett made some terrible mistakes last year and when you’re down 45 percent for a year, I’m sorry, that’s inexcusable.”
Yes Mr Gartman I happen to think you are a good Trader and fund manager but really you need to keep things in perspective. Warren Buffet is NOT a trader…. he is an investor! As Tim said.
Its great to jawbone your holdings on CNBC. There was plenty of poor performers in the funds management world you had Value Funds, Hedge funds, Growth Funds, Macro Funds the list goes on that incurred steep losses in a time when markets where probably the most volatile this side on the great depression. Ask Warren! Oh and who didn’t make mistakes last year?
Good Trading and stick to your stops
KT
Bearish setup as we test 200day MA. Possible support levels.
Good Trading and stick to your stops
KT
Corn Ambush long set up- Watch the USD, Ethanol please.
Good Trading and stick to your stops
KT
Gold is it a wedge, double top or both? Remember sell double tops but buy triple tops!
Wait for it to load.
Good Trading and stick to your stops
KT
TradeStation Definition and Explaination:
“Range Bars were developed in 1995 by a Brazilian broker and trader, Vicente M. Nicolellis, Jr. The purpose of Range Bars was to focus only on changes in price; thus they do not close at a specific time, but instead only when the range is complete. Each bar has a specified price range, rather than being charted in units of time or ticks. With a focus on price movement, long periods of consolidation may be condensed into just a few bars, removing excess noise in the market and highlighting “real” price movements. So it is possible that an entire month of daily bars could fit into a single Range Bar, and the next month would have 30 Range Bars.
Range Bars are built by the underlying closing data that shows the directional trends as per the range amount. Range Bar charts are time independent so that time axis increments will not be fixed. The size of the bars will always be the range size set by you and will never be anything smaller or larger unless it is the current bar that is building.
Range Bars look like standard bars, but are different in four ways:
1. Range Bars are all equal in height, based on the Range High to Low.
2. The open of each Range Bar is always equal to the close of the previous Range Bar.
This is the primary difference between Range Bar and Momentum Bar charts.
3. Range Bar closes are always at the top or bottom of the bar.
4. Range Bars charts have no gaps.”
Hope This Helps and enjoy the video - click the above icon to play the Video. Please wait for it to load.
Stick to you stops KT
