PowerX Strategy "PowerZ"

[kiwiarian]

When shorting/hedging metals, think about the price at which you would sell your metals;
$1980 is a terrible price to sell physical, so you want to buy / drop your hedge instead.

In my previous post, I said that I expected price to go straight up "sooner rather than later".

My earlier trade was a 5 min duration trade, or would have been.
I'm obviously missing most of the puzzle here, this is the highest it has been against the USD. Im ignoring the pending doom on the US dollar for 5 min trades.

In that case, only go long; the upside risk is 10000x greater than the downside risk.

Going long one metal and short another is also acceptable.

if price is going up, then go long is the premise even if it is an all time high I guess is what you are saying.

[IgazI]

My earlier trade was a 5 min duration trade, or would have been.
I'm obviously missing most of the puzzle here, this is the highest it has been against the USD. Im ignoring the pending doom on the US dollar for 5 min trades.

In that case, only go long; the upside risk is 10000x greater than the downside risk.

Going long one metal and short another is also acceptable.

if price is going up, then go long is the premise even if it is an all time high I guess is what you are saying.

Shorting is always unlimited risk, whereas with buying there is a realistic minimum price (except when talking about oil )

Darvas always loved buying charts that were making yearly highs, but should you do that?
every trend is the expansion of a range, so he's probably not far from making the perfect play.

Be careful, taking advice from a swing/position trader can be detrimental to a day trader; we're simply two different species, my thoughts are not your thoughts.

If you're a day trader, your default should be to seek out Alias or Don. . .
if you want to entertain the idea of one day being a swing/position trader then stay awhile and listen

[kiwiarian]

In that case, only go long; the upside risk is 10000x greater than the downside risk.

Going long one metal and short another is also acceptable.

if price is going up, then go long is the premise even if it is an all time high I guess is what you are saying.

Shorting is always unlimited risk, whereas with buying there is a realistic minimum price (except when talking about oil )

Darvas always loved buying charts that were making yearly highs, but should you do that?
every trend is the expansion of a range, so he's probably not far from making the perfect play.

Be careful, taking advice from a swing/position trader can be detrimental to a day trader; we're simply two different species, my thoughts are not your thoughts.

If you're a day trader, your default should be to seek out Alias or Don. . .
if you want to entertain the idea of one day being a swing/position trader then stay awhile and listen

OK good point, I have been following closely along with Alias and Don recently more so than longer term trading at present.
Bambino might be your number one fan at present

[kiwiarian]

In that case, only go long; the upside risk is 10000x greater than the downside risk.

Going long one metal and short another is also acceptable.

if price is going up, then go long is the premise even if it is an all time high I guess is what you are saying.

Shorting is always unlimited risk, whereas with buying there is a realistic minimum price (except when talking about oil )

Darvas always loved buying charts that were making yearly highs, but should you do that?
every trend is the expansion of a range, so he's probably not far from making the perfect play.

Be careful, taking advice from a swing/position trader can be detrimental to a day trader; we're simply two different species, my thoughts are not your thoughts.

If you're a day trader, your default should be to seek out Alias or Don. . .
if you want to entertain the idea of one day being a swing/position trader then stay awhile and listen

If you're a day trader, your default should be to seek out Alias or Don. . .

Press 1 for swing trading
Press 2 for day trading
Press 3 for psychology

[IgazI]

if price is going up, then go long is the premise even if it is an all time high I guess is what you are saying.

Shorting is always unlimited risk, whereas with buying there is a realistic minimum price (except when talking about oil )

Darvas always loved buying charts that were making yearly highs, but should you do that?
every trend is the expansion of a range, so he's probably not far from making the perfect play.

Be careful, taking advice from a swing/position trader can be detrimental to a day trader; we're simply two different species, my thoughts are not your thoughts.

If you're a day trader, your default should be to seek out Alias or Don. . .
if you want to entertain the idea of one day being a swing/position trader then stay awhile and listen

If you're a day trader, your default should be to seek out Alias or Don. . .

Press 1 for swing trading
Press 2 for day trading
Press 3 for psychology

I thought that '1' was reserved for 'English'

[IgazI]

I'm sure that you've all heard you're in 2024

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DXY H4

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[IgazI]

They threw us for a loop with the make-believe-BS numbers, but this time. . .

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. . .this time boys

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I think it's going to be real.

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We need price to go to the $2080 area for the initial breakout.

[BambinoFlex]

if price is going up, then go long is the premise even if it is an all time high I guess is what you are saying.

Shorting is always unlimited risk, whereas with buying there is a realistic minimum price (except when talking about oil )

Darvas always loved buying charts that were making yearly highs, but should you do that?
every trend is the expansion of a range, so he's probably not far from making the perfect play.

Be careful, taking advice from a swing/position trader can be detrimental to a day trader; we're simply two different species, my thoughts are not your thoughts.

If you're a day trader, your default should be to seek out Alias or Don. . .
if you want to entertain the idea of one day being a swing/position trader then stay awhile and listen

OK good point, I have been following closely along with Alias and Don recently more so than longer term trading at present.
Bambino might be your number one fan at present

I admire the simplicity of it all. Slowly, I'm accepting a lot of the "basics" and I can't find a reason to look back.

[IgazI]

My only real regret is that the 125 ounces of silver that I purchased is not 45 grams of gold . . .
hopefully that changes soon

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[IgazI]

I think of a candle as a group of people coming together to decide upon a price; they start somewhere, the conversation goes all over the place, and they end the meeting wherever.

We're looking at two different things, the price levels being discussed and the conversation itself.

A "chart is not a chart" because longer discussions carry more weight than shorter ones.

That said. . .

Large charts are not always useful, and small charts are not always useful; everything is useful when it is useful

The most "natural" setup is to simply have a daily and weekly open next to your MX chart.

For minute charts, I think the optimal choice is either M1 +/- or M5 +/-.

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