Tuesday, May 31, 2016
Gold finally post a bullish engulfing today (that little bull is asian trading time), should it move up? Let's see!
For oil, it's a bear for today although it goes to $50 shortly. I have removed 50 MA and 200 MA, just bollinger bands (20, 0.618) and MA (20) which is the middle band (for confirmation of the continuation of the trend). Now the plot looks simple. (simplicity!!!)
On this bull trend, it's hard to buy HOD for profit.
XP500 looks a clear bearish reverse!
Friday, May 27, 2016
Saturday, May 21, 2016
Gold, on daily chart it goes down to $1250, there's some support (50 MA) there. Could go even lower to 200 MA there.
On weekly chart it drops for three weeks. so it has pressure to continue goes down obviously.
Last Wednesday brought up the message of Dollar (increase rate possibilities) which cause the stock drop heavily. I was thinking if there's not such message, the gold will go up.
Overall gold is still in bull market (50MA is on top of 200 MA, and 200 MA 's direction it is move up)
My strategy is I am not sale my bull HGU for loss. I still own portion of HGD to cover the loss on HGU.
- Wednesday again an event day.
- can oil goes up to $50? If it goes to 50, gold will also move up.
It looks DXY is on up channel, that is why Gold and Silver is losing, can DXY drop next week? doji there, lets wait the direction on Wednesday.
Thursday, May 19, 2016
Today gold goes to 1250, in the trading time, the HGU and ABX are all up a little bit following yesterday's bearish report.
I would think it could continue to go low tomorrow.
I sale HGD at beginning of the market with trailing stop loss, but buy it back a bit early. The is hope HGD and HGU close to each other.
I would have the following additional rules for my trading.
1. Always have protect with money. (I main if I have Yin, I should have the money to cover Yang, right now I don't have in my account, which put me to the loss)
2. After sale a stock to take profit and buy it back I should buy with less money.
Yesterday HGU drops larger than HGD, that is difficult the two are not balanced. so everytime I make money, when I enter back, I should always put less from what I earned.
Wednesday, May 18, 2016
After two bull day for this week, it finally turns to bear today (Event Wednesday).
Monday I bought HGU, yesterday sold to take profit, but this morning I bought it back. then it drops 5 dollar per stock.
My HGD is profiting finally, but I am not put it on sale because I don't know whether it will drop over night.
Three factors are important for trading at stock market, first is defence (for a monk, the defence is their precepts, for me as a trader, I follow my rules (or discipline).
One rule is when stock drops I don't sale and buy it at lower price, it does not work for me, because I may miss to buy before it goes up)
the second rule is when stock drops, and I already have one, I don't buy it at already lower price, because the stock could go even lower, and I will be imbalanced (to put too much position on the losing stock)
To support my two rule, when the stock "yin" drops, I buy "yang" to cover the loss of "yin", after sale yang, I wait "yin" to go back, or buy "yang" again to fence off "yin" .
Now my problem this week is I don't have enough cash to cover all three yin-yang stocks. for gold and silver, I can only cover one with my cash. (reality, I have to cover gold and abandon silver for now, silver is less volatility)
The second factor is the ability to keep unmoved.(the samadhi power) This is a practise, you are not moved by the wind of market, for the wind I mean the emotions of greed and fear.
The last factor is the ability to win (wisdom). Currently I am still in loss. It will come when I practice the first two really good. For win, here are the things I am looking for:
- candlestick & bollinger bands for a good setup to enter
- weekly chart after a week, and determine the trend for the next week
- chart for years, determine the overall trend currently. (hold for longer position)
so far I put longer position on gold, silver and oil they are all bull (my previous post), but this week it is bearish on gold and silver.
Just keep practice.
Tuesday, May 17, 2016
Saturday, May 14, 2016
Thursday, May 12, 2016
Wednesday, May 11, 2016
Tuesday, May 10, 2016
Monday, May 9, 2016
Friday, May 6, 2016
Thursday, May 5, 2016
Engulfing pattern is my choice to play in the stock market. Today I noticed engulfing for bear, enter a little bit hesitate, but still make profit on it.
Moving average makes me notice the pace to enter and exit.
The decision is also refer to DXY, since this week still bullish.
Wednesday, May 4, 2016
- lavender (20 moving average, bollinger bands)
- steelblue (50 moving average)
- khaki (200 moving average)
I tried to use different average lines to determine enter and exit. Usually observe H1 plot on 20 & 50 moving average. If 20 & 50 crosses, it means the trend has changed. Also 200 (or on H4) average line shows the long term trend, which can be used to hold some position. with 20 & 50 I do short trading.
Enter when 20 and 50 average line cross over. Cross Over, exit due to fear.
Dollar index is switching to up band for this week, can be used for reference on gold (oil and silver).
For silver, I also enter with bear, it also cross over 200 average line.
Oil runs fast compare to gold and silver, silver runs slowest, I can use oil plot for reference on gold and silver.