NUGT trade ideas
Good chart so far look at the linkstill following the chart so this next week will be very choppy till fed talks then..I think this chart will be useful after fed talks if they raise rates since they did not raise rates last meeting .
RedGreenRun a 2 minute chart.Add a moving average 1 unit offset by 10 on the low. Colour it green. Add a Moving average 1 unit offset by 6 on the high. Colour it red. When price moves above the green MA, then buy. When price falls below the red MA then sell.
Your opinion please.
Long NUGT (pending at 15th of March 2017)NUGT
As today sellers took control in GOLD and in the miners, our system is recording bullish potential. An entry around 15th of March would be very likely as a time trigger alligned in price at 7.20 dollar
Final long target: 16.78
Time stop: 3rd of May 2017
This stock is under continuous screening for time&price allignments via our inhouse developed mathematical and statistical models. Traded via ProRealtime Software.
Expected backtested hitratio of this system is higher than 75%.
Best to your trading!
With kind regards,
Trading Ecology
Trading natural patterns unnaturally perfect
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waiting for the channel break and subsequent impulsewaiting for the channel break and subsequent impulse
Is this Just the Correction to Another $32 Run???So I have been using RSI and the 20 level on triple leveraged ETFs and is has been going nicely.
Today I noticed a pattern. A double bottom on the RSI led a huge upside run that lasted for 8 months. Well that pattern has formed again. Will it lead to a bullish run I am not sure but this trade is very affordable and can triple your total initial investment if it hits target 1.
The only difference between this and the previous double bottom is that the long term bullish cross of the 10 ema and the 100 sma at all time lows was in effect. That is a powerful buy signal that this new opportunity does not have.
Not sure if this is a good trade with all the uncertainty: rate hike and Clinton wanting to put miners out of business.
Your advice is appreciated.
1 year NUGT chart (by Got Goldies)I applying my new GG Quadruple line graph to NUGT.. mainly for bottom finding in between the channels.. and this is what I come up with.. And Of course you have to know where Gold is going first.
This new method of mine is about 1 year old and I'm learning all kind of things from it.
You can also follow my charting at anatomy of Silver forum.
NUGT- Bought $12 Jan-17 calls, as GOLD reverse from strong suppGOLD (XAUUSD) seems reversing from its long term strong support of EMA 161, which is considered very crucial for gold. Interestingly the same reverse point is 68% Feb-retracement point of the December low of last year.
So we think gold will have a short term upward move, and to play this short pop potential we took NUGT $10 January-17 Calls last traded for $1.12
You can check our detailed analysis on NUGT in the trading room/ Executive summary link here-
www.screencast.com
Time Span: 13:20"
Trade Status: Pending
NUGT buy 9:50 10.40-10.30Buy nugt at 9:50 if nugt is negative from open to 9:50. IF nugt goes up at open and till 9:50 short gold with dust..9:50 EVERYTHING CHANGES I DO NOT KNOW WHY.A good buy in around 10:40-10:30.The lower the better.
NUGT longas inflation rises and interest rates may not rise comparably, there is, apart from the averall stock market, one who benefits from the process of dispossession: Gold. 2017 could be the year that lifts Gold and other commodities tremendous.
I see a good chance for NUGT to break down through that recent uptrendline, squeezing traders out just to turn then back up into new local highs. I would most certainly be a buyer in the low 9.xx area
bullish outlook indictors see bullish action within the next 2 hours buy in 9.75-9.63 .sell at 10.10 to 10.20
NUGT nearing reistanceFormer uptrend support moving average for NUGT should function as current downtrend resistance. The next leg of the downtrend should extend significantly below the 2016 low. IMHO, a reverse split will be required. XAUUSD is also facing technical resistance. All of this should be good news for DUST.
NUGT: New pattern found and just broke out...Nugt has produced a new pattern and is easy to 'read' right now. The BIG (pink) flag is formed and was foreseen... We have now a short term target of al least 16 usd.
The bigger picture gives a much higher target...
short nugtthe time is right? made this chart 10 days ago been right so far.i believe nugt will have a huge pullback to 8 or 7.70
NUGT Update: Nugt just broke out of the pennant NUGT Update: Nugt just broke out of the pennant ... See for yourself...
Nugt: Nugt wants to break out. Just a matter of time.All the patterns here on the chart are positive and tells us the NUGT is on the brink to move higher.
We see a head and shoulder pattern which is already confirmed and tested, tells us we are going higher = positive!
We see a big wedge (blue), tells us we are going higher = positive!
We see a pennant (green), tells us we are going higher = positive!
Nugt and Gold: New Caculations...MUCH HIGHER prices?It looks like the h/s pattern is correct.
Calculation is still the same:
First SHORT target is 15.30 usd;
If we look somewhat into the future, for what it's worth:
(Don't hold me to this one!)
I can see a pattern which is developing, more about this pattern in a new update..
A LONGER target (after consolidation) could be ca. 48 usd.
A another year repeat?I believe that nugt will go up to ten within the month based off the same set up as last.First was raise in interest rates only in December and plans to raise rate 5 time in 2016.That didn't happen second was the stock market at highs and didn't respond to fed rates until the beginning of the year.So if history repeats itself buy tvix and nugt.my chart shows nugt starting to go up starting Jan 6,2016.
