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Whether these backtest prove out remains to be seen but as of today it looks like standard issue. They may not hold though as I had originally penciled a rally to start on Oct 2nd but maybe that inverts? Crucial time, backtest done and drop or 2/3 week rally? Shall See
GSR
Silver-not sure if it wanted a little BT or if will squirt through for a bigger big BT at 16.60 … See if GSR holds
Platinum-open interest at an all time during a backtest? First commercial green shoots in many moons though.
Palladium-the bullish one. Pretty bull flag backtest off the 15 year TL. It is up against 2000 high and channel mid-line which could make it put in a 4th point but looks aggressive thus far.
I really appreciate that you are listening to the market, rather than telling it what it ought to do.
Your GSR and Silver chart especially enlightening for me. Thanks, Sir Schism, for sharing.
Well, I try. I’ve been guilty of bias charting and it sucks…all you do is collect kudos from other bagholders. If you don’t listen what’s the point of charting. You see it all the time…lines get fatter and looser with weird angles and more obscure patterns. But Shit for all I know the metals will blow thru these lines on Monday but I will adjust then for sure. Betting money on FBO’s is how accounts get blown out.
Always appreciate your work as well Fox. Cheers
“Betting money on FBO’s is how accounts get blown out”–advice every trader needs to heed…
all you do is collect kudos from other bagholders
LOL