Some trade that BigPOW triggered todayHere are the days trades that BigPOW generated for multi day swing trades, actually ES triggered yesterday.
GC long FEb 8 at 1320
NQ short Feb 8 6475
ES short Feb 7 2684
ZB short Feb 8 144'24
will keep updating as new trades hit and watch these trades. BigPOW is new adaptation of the Day trade Algo
Gc!1
Gold Future (CME)Double Re-penetration Pattern. Trade setup with Buy Stop position (EP) at 1337.5, Stop Loss (SL) at 1333 and Take Profit (TP) at 1342.
Money Management
I have 22,800 USD in my portfolio. I can lose 5% of the port which is 1,140 USD.
Position Sizing
1 Tick = $100
1 Contract size need IM = $3,850 (I can open not more than $22,800 / $3,850 = 5.92 Cons)
It is 4.5 Tick from EP to SL, with 1 Con, I will lose 4.5 * $100 = $450
To lose 1,140 USD I need to open 1,140 / 450 = 2.53 Con
Then I will put 2 Contract
If I win, I will gain (1342 - 1337.5) * $100 * 2 Con = $900
Gold Future (CME)Turtle Soup. Trade setup with Buy Stop position (EP) at 1336, Stop Loss (SL) at 1329 and Take Profit (TP) at 1350.
Money Management
I have 22,800 USD in my portfolio. I can lose 5% of the port which is 1,140 USD.
Position Sizing
1 Tick = $100
1 Contract size need IM = $3,850 (I can open not more than $22,800 / $3,850 = 5.92 Cons)
It is 7 Tick from EP to SL, with 1 Con, I will lose 7 * $100 = $700
To lose 1,140 USD I need to open 1,140 / 700 = 1.62 Con
Then I will put 1 Contract
If I win, I will gain (1350 - 1336) * $100 * 1 Con = $1,400
EPA approval & Partnership news within 2017--> very BULLISHAMEX:NAK TSX:NDM FWB:ND3
NAK (Northern dynasty minerals) 100% ownership of the pebble project (pebble mine)
the following is just my opinion, you never know what happens :)
this month is probably the last chance to jump in.
- official EPA approval incoming, with pruitt its a done deal already! just formalities!| latest 14th Nov --> institutions jump in? spike to USD3+
- partnership news incoming, as per mgmt within 2017--> hopefully JV for 50% with an option for the other 50%! Maybe a consortium, and if we are very lucky BO | 50% for USD7 - USD9/ shares | BO USD15+
- permitting process incoming, starting end of 2017
the reason why we will get partnership news within 2017? The company has too little money left for the permitting process, and they already hired these guys:
"
Senior Vice President of Engineering and Project Director Stephen Hodgson (P. Eng.) will lead Pebble’s engineering and project development team, with responsibility for all aspects of project design, engineering and financial studies and regulatory compliance. He will be supported by Vice President of Permitting James Fueg (PMP, CPG), who assumes responsibility for all aspects of the project’s regulatory permitting team and process , including management of environmental and socioeconomic studies, liaison with federal and state agencies and active management of Pebble’s forthcoming Environmental Impact Statement (“EIS”) process under the National Environmental Policy Act (“NEPA”).
"
source www.northerndynastyminerals.com
- 33m short interest = ~10% --> short squeeze when we hit >USD3-4?
- biggest copper, gold, moly, silver mine found on this planet yet!
- safe mine design! no cyanide used. source www.northerndynastyminerals.com
- metal prices are rising, specially copper.
must read: very detailed report about this mine www.docdroid.net
GOLD Short Term OutlookShort term outlook of gold on the 4 hour time frame. A break of 1264 will create a new wave down and a break up from current price can see a very nice move up. The Euro is looking strong for today which is positive for eurusd and will also see gold up so I say a upper wave is more likely. But keep a close eye on it just in case 1264 breaks.
TP: 1288
SL: 1262, (if 1264 breaks start selling) 1262 instead of 1264 because I dont like stops exactly on the right spot in case of just a short spike.
GFI: Bought at market open - Huge potential, great fundamentals$GFI is an optimal pick when it comes to gold miners. The valuation is very good, and growth exhibited by the company this year exciting. The situation in South Africa has scared investors away, but I believe it will be a very interesting trend going forward. At the same time, this play serves as a risk off bet, which is welcome in the current enviroment. We are long with a 10% position from 14.09 as of today's open.
Best of luck if joining me on this trade. The monthly trend is potentially up, and there is a chance to confirm a rally to considerable heights by the end of the month.
Cheers,
Ivan Labrie.
GOLD GC XAUUSDWe have begun the rotation into the commodity cycle and ending the equity cycle. The unwind in equities will be apparent into this coming year. I will post a crude oil chart today also that is clearly demonstrating a similar set up. It's not the best time to get in as the current high in gold will see some short term consolidation as the chart shows. In the meantime I do expect equities to make a new high... for example I see AAPL reaching the 185 to 190 range in the short term.
This is only an opinion. Thanks.
GOLD Golden Sell SetupGOLD on the daily time frame gives a nice sell setup for the upcoming week. Its approaching the 14 ema and the 72 ema is very close to it. Since the indicators give a bearish crossover chances are high that these ema levels will break. As you can see in the past these breaks mostly lead to a further downfall giving it a very high probability that price will hit the 1244 support level. Judging by the size of the previous moves after an ema break its also likely that this 1244 support well break.
Sell at market open.
Stop at 1266
At 1244 move stop to 1252
At 1236 move stop to 1244
At 1224 move stop to 1232
At 1217 take profit or move stop to 1226 and aim at a further fall down