Tampilkan postingan dengan label false breakout. Tampilkan semua postingan
Tampilkan postingan dengan label false breakout. Tampilkan semua postingan

GLD / Gold drops and WOWS makes a killing on the trade


Here is a timeline and excerpts of Wolf on Wall Street posts related to our GLD trade which made nearly 215% in less then a week.On February 21st as part of a larger post that covered out longer term perspective on gold/GLD, I posted this chart.

Below the chart I said," A trading range has been established, this is a set up for T.A. traders, a breakout from the range is supposed to be bought,

MSPD Follow Up

My last post I showed the MSPD intraday bear flag, this is an update.
Above you see the bear flag that ran above resistance of MSPD's larger top pattern. At the red arrow on Friday we saw a false breakout from that bear flag, this would have the effect of drawing in long using conventional technical analysis (you buy a failed bear flag) and forced shorts to cover, it's a bit of extra cash for the
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