Tag: technical analysis

Copper Triggered A Short Entry

Posted on by Aibek Burabayev

So, dear traders, our patience was finally rewarded last week. Copper has provided us an even better opportunity as the price climbed higher to make a deeper retracement and the distance of the drop is now even greater. We started from the $2.75 level, then we moved higher to $2.885, but none of them were activated.

I spotted the famous reversal pattern on the chart, which adds to my structure analysis and I will show it in the chart below.

Let’s go through the trade setup steps again as the entry signal was triggered.

Step 1. Chart Analysis and Step 2. Trading Idea

These steps can be skipped as we already know what we are looking for.

Step 3. Trade Setup

We should prepare a Sell Setup to enter the trade using specific entry, stop and take profit levels. These are the things that make a trade. If you don’t have all three levels in your mind, you better avoid trading as it would become mere gambling. Continue reading "Copper Triggered A Short Entry" →

Gold Sentiment Lesson

Posted on by The INO.com Team

[edit] an article critical of (anonymous) others is an appropriate venue to once again note publicly the biggest mistake of my own, which was an ill-conceived target of 888 on HUI last decade. I learned from that. It’s okay to admit mistakes boys. We all make ’em. But as with humility, that appears to be all too rare in the market writer world as well. It’s okay to once in a while simply state “I was wrong”.

The number in the title is in honor of the boldest forecast burped up by the gold community in February as the metal (and the miners) jerked upward and jerked the holdout would-be enthusiasts into the market. It was included in the anonymous (but real) quotes from a cautionary post last week on the Gold Bull Horns.

We also used these quotes in an NFTRH update in order to try to make a point, despite what were very short-term contrarian bullish readings that day (per Sentimentrader’s data) for junior and senior gold miners.

From the update (2.28.19)… Continue reading "Gold Sentiment Lesson" →

Gold Bullhorns Quieted For A Day, At Least

Posted on by The INO.com Team

Over in the gold patch, things went from disinterested and downright antagonistic (A Notable Lack of Interest in Gold) to sleepy (Gold “Community” Crickets) to ferociously over bullish.

Any long-time and right-minded gold bug will tell you that the latter condition is usually a signal to prepare for some turbulence. Wednesday and Thursday brought the turbulence in the form of a reversal and pullback for gold, silver and the miners.

Since we became constructive on the gold sector in Q4 2018 (per the links above and especially NFTRH reports/updates) the groundswell of gold boosting (pom poms and all) has steadily risen since it became obvious that something bullish was going on in January. And it appears that last week’s breakout from various daily chart bull flags in gold, silver and the miners finally jerked ’em all in. Enter the Thursday pullback.

In the very few days immediately before that $20/oz. pullback the gold “community” threw itself a gathering of the bullish clans. On just a quick look around the gold websites, some quotes popped out from 2 days before the pullback and one day before Wednesday’s reversal. It’s crickets no more… Continue reading "Gold Bullhorns Quieted For A Day, At Least" →

Copper Update: This Is How I Would Trade This Sell Setup

Posted on by Aibek Burabayev

Two weeks ago I put the spotlight on copper as I found there was a nice trading opportunity in the making. The trigger for the short trade was set at the $2.75 (below minor low) to avoid emotional trading or simple guessing, and it paid well as the price dipped from the $2.84 area and stopped 2/10 of the cent above the preset trigger. Then the price reversed much higher as I expected as it should retest the former top of $2.87 before it finally goes down.

We call it a trade setup. Before that, we had an idea, which was based on some kind of analysis. So, converting good ideas into profitable trades makes us better traders. Add patience, discipline and some sort of trading strategy to get consistent profits. Otherwise, a good idea could remain to be just a good idea without pleasant outcomes for us.

Let me show you in this post how I would trade this copper idea on the short side step by step.

Step 1. Chart Analysis: Copper Futures Daily,

Copper
Chart courtesy of tradingview.com
Continue reading "Copper Update: This Is How I Would Trade This Sell Setup" →

Our May Stock Market Prediction - Part 2

Posted on by Chris Vermeulen

If you missed PART 1 (SP500 Price Forecast) be sure to read it here.

Here is PART II let’s take a look at the NQ Weekly chart with the ADL predictive price modeling.

We are going to include predictions made by our Adaptive Dynamic Learning (ADL) price modeling system that originated from December 2017 going all the way forward through to the end of May 2019.

At this point, we are going to highlight our earlier predictions (all of 2018 and into Q1/Q2 of 2019) and show you what the market has done since these calls were made back in September 2018. Pay attention to this weekly chart and pay attention to the YELLOW ARROWS on this chart. We have highlighted key predictive price modeling points with these yellow arrows on the chart to show you what our ADL predictive modeling system suggested would happen back in December 2017.

Now, take a look at the NQ Weekly chart with the ADL predictive price modeling results displayed onto it. Pay attention to the similarities in the price patterns and the rotational modeling differences between the two charts. The ES ADL modeling predictions from “Part I” are similar to this NQ chart, but the differences really tell us about how the technology-heavy NASDAQ (NQ) will react in a different manner than the Blue-Chip heavy ES. Continue reading "Our May Stock Market Prediction - Part 2" →