c505218304b50c59c3659f6dda43bae7-links-0–>Yesterday, we talked about our $1,500 profit trading the E-minis (ES). I also mentioned that we have a few other trades going on.
Well, this week we have 3 out of 3 wins for gains of over $4,500 so far!
Remember this chart I posted in Weekend Trade Recap – NUGT (+33%), Gold & Silver (+2.5%), GDX (+11%) ?
Nobody believed me when I said that there’s a potential for both the metals and the stock indices to go up at the same time. Everybody says they are inversely correlated — and that it’s not theoretically possible for them to go up at the same time.
Further, every expert wave counter has been trying to short the market again and again–often citing some fundamental economic reason – or some technical indicator that says “overbought” — therefore, it must revert back down. I have not found a single person who agrees with my wave counts or even come close. It’s too early to tell whether I’m wrong or wrong — I will always adapt to what I see — but it’s amazing how we all study the same charts —yet not a single person counts the same way I do.
Sometimes I find this frustrating, but at other times it gives me some comfort to know that I’m not simply following the herd.
Well, what you might not know is that we ADDED to our position and now look at the silver chart:
If you haven’t watched the video yet, here it is:
So far the market is following the pink line prediction decently. It’s not confirmed yet, so let’s see how resistance places out at 2120.
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