Showing posts with label stocks. Show all posts
Showing posts with label stocks. Show all posts

Monday, May 2, 2011

Dilema? - let's speak charts!

I'm home having my coffee again, follow and comment if you are interested.
NOTE: I am Not a professional trader and i am NOT giving out advice, i am an evil mastermind trying to make some money by trading online, to build a hideout on a volcanic island. And get followers to support me to build a Master Control room (look at earlier post).

Ok guys lets do this together (by this i mean to analyze the chart), if we pull this thing off we might make some money. so here are the charts from Kitco.com they came out today, i just pulled some yellow and blue vertical guide lines to make my point. Lets have a look see.
 
so here we have it the daily with the 21 day moving average, an the MACD (12-day EMA - 26-day EMA)
we see the blue line crossing over the red Bullish indicator so i pulled a yellow vertical and a blue vertical was my sell signal when the red one crosses over the blue line. I actually made this trade. the next yellow was my other buying signal and as you can see it worked pretty well so far. But i am not sure to wayt for another MACD sell signal we are pretty close to the "1600$ technical resistance" according to Jim Wyckoffs chart and i think we could bounce back and stay under 1600$ at least for a while. I think is should set a stop-loss at 1539$ and a take-profit at 1588$ but I'm not sure what to do.

Tell me what do you think?
Also tell me what would your dream job be?

Sunday, May 1, 2011

What to Expect

On my way of becoming a mastermind of pure evil, (already having the right mindset for it) I will only have to encounter smaller issues such as the problem of coming up with the money for my Moon Base or owning my own island.

Since I have no patsies yet, I will have to play by the rules for now and make money the traditional and boring way of starting a business and Trading stocks, commodities and currencies on the market, so for the next few months mostly I will be talking about what i know as a trader and about my business ideas for which I will probably need partners too.
I have been trading stocks for about a year now, i am currently owning some gold, I will be sharing my experience and my future plans of owning stocks.

Currently i am also working as a web developer and web designer so expect some tech talk too

Quick Tip: I am owning gold with a 1:10 leverage , i expect gold to bounce back before reaching 1600$ /ounce so i will sell at about 1590$ an re-buy if later at 1550$ or at 1610$ if it makes the break. Tell me what you think.