Loading ...Surf’s Up
Surf City took profits on his Gold Mining stocks yesterday. Did you?
Since May 14, 2019, Surf has booked a total of $22,800 in his long Gold Trades (Profits were limited due to Risk Management approach that limits trades to this sector to 20% of my Capital base for now.)
https://surfcity.co/2019/09/05/surfs-up-226/
My nose has been rubbed in it. Surf is excellent. Wish I’d listened.
Meee Tooooo!
I unhedged yesterday
splat
You go ….Surfin Surf
Lets see what tomorrow brings before we cry in our beer.
https://www.youtube.com/watch?v=ESs6KvnWcSc
Based on Time & Price Cycle analysis, I think we have found the Intermediate High yesterday and that we should now expect a choppy move lower into Gold’s next Intermediate Cycle Low (ICL).
ICLs are not bad in markets. Rather they are needed to sustain any Bullish uptrend. ICLs reset investor sentiment to bearish which fuels the next Bull leg higher.
Time & Investor sentiment are two key components of my Cycle work which are used enter & exit markets.
I should add that Price action is the dominant filter but that
“Time & Investor sentiment” are also two key components of my Cycle work which are used enter & exit markets.