PowerX Strategy "PowerZ"

[IgazI]

You're doing great Igazi. It's from the my side that things get scrambled.

I know you said that it depends on the viewer, but I want to understand what you see. You're probably aware, but "in's"/Patterns are every where. I can make them as small as I want or as big as I want. As you've mentioned, the closes, anchor the optics. For me, it's usually a "Close - Wick" pattern that creates the "in" for the chosen time frame.

Just trying to get my eyes right - is either option here close to what you're trying to say?

Patterns are a 'to',
breakouts are an 'away'.

Price is either 'in' or it's 'out'.

If you say "hey, that looks like a breakout" then somewhere behind it is a pattern.

If price looked like it moved to a location, then that is likely the location of a pattern.

While there are many choices, there are significantly fewer "good choices"

Marking printed charts is the best way to learn, think, and grow.

some_thought.png (4.04 KiB) Viewed 2432 times

[IgazI]

I decided to bring my platinum up to 18 ounces and gold up to 9/10 of an ounce, or 5% of what I hold in platinum.

The gram bars are on sale for $13.99 over spot. . .
they are still overpriced at $2206/oz, of course
but, if you're only buying a few, who cares?

plat_I_guess.png (39.58 KiB) Viewed 2392 times

[Yirbu]

I decided to bring my platinum up to 18 ounces and gold up to 9/10 of an ounce, or 5% of what I hold in platinum.

The gram bars are on sale for $13.99 over spot. . .
they are still overpriced at $2206/oz, of course
but, if you're only buying a few, who cares?

plat_I_guess.png

No, no, no, no....gram bars are soooo tiny.
They belong in a dolls house

[IgazI]

I decided to bring my platinum up to 18 ounces and gold up to 9/10 of an ounce, or 5% of what I hold in platinum.

The gram bars are on sale for $13.99 over spot. . .
they are still overpriced at $2206/oz, of course
but, if you're only buying a few, who cares?

plat_I_guess.png

No, no, no, no....gram bars are soooo tiny.
They belong in a dolls house

I'm buying metals as a hedge, planning for all scenarios:
if gold goes to $50000/oz then I'd offload the 2 gram bars for $12000

The first thing I'd sell are the gram bars, then silver, followed by platinum.

[BambinoFlex]

You're doing great Igazi. It's from the my side that things get scrambled.

I know you said that it depends on the viewer, but I want to understand what you see. You're probably aware, but "in's"/Patterns are every where. I can make them as small as I want or as big as I want. As you've mentioned, the closes, anchor the optics. For me, it's usually a "Close - Wick" pattern that creates the "in" for the chosen time frame.

Just trying to get my eyes right - is either option here close to what you're trying to say?

Patterns are a 'to',
breakouts are an 'away'.

Price is either 'in' or it's 'out'.

If you say "hey, that looks like a breakout" then somewhere behind it is a pattern.

If price looked like it moved to a location, then that is likely the location of a pattern.

While there are many choices, there are significantly fewer "good choices"

Marking printed charts is the best way to learn, think, and grow.

some_thought.png

A picture is worth a thousand words. I understand the words now.

[Don_xyZ]

You're doing great Igazi. It's from the my side that things get scrambled.

I know you said that it depends on the viewer, but I want to understand what you see. You're probably aware, but "in's"/Patterns are every where. I can make them as small as I want or as big as I want. As you've mentioned, the closes, anchor the optics. For me, it's usually a "Close - Wick" pattern that creates the "in" for the chosen time frame.

Just trying to get my eyes right - is either option here close to what you're trying to say?

Patterns are a 'to',
breakouts are an 'away'.

Price is either 'in' or it's 'out'.

If you say "hey, that looks like a breakout" then somewhere behind it is a pattern.

If price looked like it moved to a location, then that is likely the location of a pattern.

While there are many choices, there are significantly fewer "good choices"

Marking printed charts is the best way to learn, think, and grow.

some_thought.png

That.
The smart can take hints. Others will eventually get there too.

[BambinoFlex]

You're doing great Igazi. It's from the my side that things get scrambled.

I know you said that it depends on the viewer, but I want to understand what you see. You're probably aware, but "in's"/Patterns are every where. I can make them as small as I want or as big as I want. As you've mentioned, the closes, anchor the optics. For me, it's usually a "Close - Wick" pattern that creates the "in" for the chosen time frame.

Just trying to get my eyes right - is either option here close to what you're trying to say?

Patterns are a 'to',
breakouts are an 'away'.

Price is either 'in' or it's 'out'.

If you say "hey, that looks like a breakout" then somewhere behind it is a pattern.

If price looked like it moved to a location, then that is likely the location of a pattern.

While there are many choices, there are significantly fewer "good choices"

Marking printed charts is the best way to learn, think, and grow.

some_thought.png

Okay, I think I’m talking the same language now.

As always, your insight is greatly appreciated

NOW I can go back and reference that picture on support

[IgazI]

Okay, I think I’m talking the same language now.

As always, your insight is greatly appreciated

NOW I can go back and reference that picture on support

Your drawing looks good to me

How you see things is just as valid as how I see things.

PS: instead of thinking S/R, think:
patterns and breaks + breakouts and closes + breakouts and reversals.

[IgazI]

Platinum eating good today!

platinum.png (31.89 KiB) Viewed 2110 times

[IgazI]

Maybe someone smarter than me can give me a scenario in which the dollar does not crash:

either they keep interest rates high and debt spirals out of control or we lower interest rates to 0.75% and send the price of commodities to the moon.

Thoughts?

dxy.png (23.47 KiB) Viewed 2051 times