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How I Trade For a Living

  #161 (permalink)
 
GruttePier's Avatar
 GruttePier 
Amsterdam, The Netherlands
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rocksolid68 View Post
I took a ZB long on the thought that since we are in a "risk-off" environment...


bobwest View Post
I'm familiar with the risk-on, risk-off distinction...

I'm not
What exactly is a risk-on and risk-off environment?

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  #162 (permalink)
 
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 bobwest 
Western Florida
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GruttePier View Post
I'm not
What exactly is a risk-on and risk-off environment?

Answer 1: Risk On, [AUTOLINK]Risk Off[/AUTOLINK] Definition from Financial Times Lexicon

Answer 2: wait for Alex's explanation tonight.

Bob.

  #163 (permalink)
 
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 GruttePier 
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bobwest View Post
Answer 1: Risk On, [AUTOLINK]Risk Off[/AUTOLINK] Definition from Financial Times Lexicon

Answer 2: wait for Alex's explanation tonight.

Bob.

Not sure if I get it...I'll wait for Alex' response. I'm sure he can explain it clearly

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  #164 (permalink)
 
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 bobwest 
Western Florida
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GruttePier View Post
Not sure if I get it...I'll wait for Alex' response. I'm sure he can explain it clearly

I never really got it either () -- that's why I said it would be interesting if it turns out to be useful after all....

I'm waiting for it too. It will be interesting, I'm sure.

Bob.

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  #165 (permalink)
 
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 rocksolid68 
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Alright fellas... Don't get too excited

I know what I would like to talk about, but I am just not sure if text is the best way to discuss it.

It is hard to convey all of my thoughts over one post. Haha.

I will try to figure out how to clearly present my thoughts!

Stay tuned!

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  #166 (permalink)
 
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 rocksolid68 
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Little tid-bit I thought I would post here.

There is a confluence around 67/68 that may provide some resistance.




I hope that we can hit this area, bounce to monthly +1SD, then go higher again.

That is my perfect case scenario.

I shall keep an eye on it!

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  #167 (permalink)
 
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 rocksolid68 
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I told you all I was going to write about market environments last night. Well, I didn't!

I am in contact with @tturner86 to see if I can do a little mini-webinar on the subject. I would be able to convey the information much better that way.

He is in contact with Mike and will be getting back to me soon.

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  #168 (permalink)
 
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 rocksolid68 
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Wow. My AoI from last night couldn't have worked better!



My target is +1SD (second arrow is pointing at it)

Once we get there, I will ponder taking a long.

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  #169 (permalink)
 
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 rocksolid68 
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Gold trade still in play.

We got a pullback overnight, but I think we needed to if we wanted to continue lower.

Hoping we can fall out the bottom again!



EDIT: We fell out the bottom!

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  #170 (permalink)
 
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 rocksolid68 
Duluth MN
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Morning Analysis:

Volume has been slowly increasing as we go higher.

As you saw on my larger timeframe photo, we hit that resistance area ON.

Here are my thoughts:

We dip at the open towards ON-L and Y-VWAP, then we head to ON-H. After that, we see the highs on 9/22 and R1.

It will be up there that we decide whether or not ATH's are in sight.




So, I will test long around the open!

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