Golden Trees of the Forest

Edward Hunt Has Had Over 100 Followers Rank: 11 Followers: 142 Votes: 380 Years Member: 8 Last Update: 18 January 2017, 20:56 Categories: Trend Analysis
Chart Patterns
General Market Commentary

Jan 18 > 3:30 pm > Gap fill back test now in progress....with stops...More JNUG AT $8.20. Indicators on the 10 min 7 day close to bottom. $.20 more for a NUGT gap fill at $9.80. JDST 10 min appears done.

Jan 18 > 2:45pm > Gap fill complete. Ain't this fun? Back in at $8.43 but now that the gap is filled, maybe down to $8.30. Do we get a bump and run or a tear and bear? A bump and run seems more logic...but of course with stops..

Jan 18 > 1 pm > Has a pull back in JNUG begun? Trend lines, resistance, support, projection lines, channels, chart indicators, do they matter? You bet they do! Will the gap get filled? It does not take algorithm or moon charting to figure this thing out, but it does take Patience and Diligence along with obeying the charts. Go to 10 min 7 day JNUG chart and the JNUG Renko charts.

Jan 18 > pre mkt > Good morning... What happened to 20,000 Dow? Another story for later... Yesterday JNUG had a real nice finish but left a large gap between 8.40 and 8.90. So far in the last 10 trading days all JNUG gaps have been filled. Will this one be different? Thanks for your voting support and welcome to all new follows. Have a great day my friend....

Jan 17 > Jan 17 > 9:55 am > Sold JNUG at $9.13 for 12.5% / 4 days (including holiday) using the 3 min scalp chart. JNUG should have bounced up over a buck and did not. Rallies should be used to sell into. I am NOT interested in buy and hold, but to buy and scalp. or buy and trade. If you miss a rally, not to worry, more coming but not to chase... Resistance for gold is $1207. So far this year, results are great, listed under chart #1. Have a great day... A vote maybe?

Jan 12 > UVXY has had a 5:1 reverse split effective today at $30.60.

Less

! ! ! ! ! ! ! ! ! $HUI - 5 Min 15 days

Jan 3 >..... Since Dec 30, two trades, 70+% on JNUG and 40% as of today on DGAZ.
Jan 9 > 25% on JNUG in two days.
Jan 11 > 13% on a one day JNUG scalp.
Jan 17 > Sold JNUG at $9.13 for 12.5% / 4 days

TOTAL 160.5% January / no losses

! ! ! ! ! ! ! ! $ JDST - 10 MIN 7 DAY

! ! ! ! ! ! ! ! $ jJNUG - 10 MIN 15 DAYS

! ! ! ! ! ! ! ! $ JNUG - 10 MIN 10 DAYS

Jan 6 Noon > The back test of JNUG and NUGT is now in play. $7.17 / $7.00 is the new 10 min channel support. So if you didn't buy yesterday, you get another chance today. Now you know why I said yesterday don't chase. So if the turn has come with gold, this is the shake out that must take place to take positions from weak hands. This will happen from time to time. Nothing goes straight up. Actually this is a healthy sign if this is the beginning of a trend change. So was the back test successful? By looking at the JNUG channel chart as of tonight, the test looks successful. Keep on the UBIO and LABU trades....Never become a bag holder, a profit is always better than any loss.
This is why support and resistance is so important. Once support is hit, wait for the turn up. If it breaks support, leave it alone. The JNUG resistance / support channel is plotting perfect. The 3 min JNUG scalp chart today was also just perfect.
Hope you bought some JNUG under $7. Did I? Sure did...

! ! ! ! ! ! ! ! $ JNUG - 10 Min 7 Day

! ! ! ! ! ! ! ! $ JNUG - 2 hour 15 day Renko, 1280

! ! ! ! ! ! ! ! $ JNUG - Renko Trading - 1 hour 6 Day Renko, 1280

! ! ! ! ! ! ! ! $ JNUG - USE THIS - 3 min Area, 1280

! ! ! ! ! ! ! ! $ JNUG 5 min 3 day Elder Impulse System, 1280

! ! ! ! ! ! ! ! $ JNUG 5 min 9 day Elder Impulse System, 1280

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