New idea, instead of maps and bubbles, let's try a BB-type zone. Excited to see results.
NO MORE TREND LINES. JUST TRADE ZONES.
TRADE OF THE CENTURY #15 IS CANCELLED, IT WAS A GIANT COMPUTING ERROR. SO LETS ACT LIKE THAT DIDN'T HAPPEN. MEANWHILE... Had some technical problems with my crew calling out MASSIVE HIGHS ALL AFTERNOON. But it's not happening. What will happen is a little better than what was thought possible originally. This does imply that 9/05 has a shot above 2160. But...
THIS IS THE FIRST DRAFT OF PRS LIVE TESTING #15. THIS WILL ALSO BE THE LAST PRS LIVE TEST. WILL EXPLAIN LATER. Need to see what happens on 23rd and 24th. I need 1920 first followed by 1820 OR something like it prior to 7/29 dual FOMC/rollover ramp.
IF #4 CAN CLOSE 2040 THE FIRST OF AUGUST, THIS IS WHAT'S COMING AFTER THAT.
IF YOU TRADE GOLD PAY ATTENTION RIGHT NOW, THIS IS RIGHT NOW BETTER THAN A COIN FLIP!! BUT IF THIS PLAYS TO 1917. IT WILL CORRECT AT LEAST 3.5% IF NOT ALL THE WAY TO 1818. IN THIS SCENARIO: YOU ONLY HAVE 1 CHANCE TO GET IN BEFORE SOME MASSIVE MOVE UP THAT COULD BE 2200 LITERALLY BY 9/05. THIS IS NOT A JOKE!! ALL THE NOTES ARE SELF EXPLANATORY.
LAST CALL FOR THIS TRAIN. CHOOSE YOUR BUBBLES. STRATEGY IS HOLD THROUGH AUGUST, IGNORE 1920 AND DEMAND 2025, 2040. THIS IS GOING TO TO TAKE 7 BEAUTIFUL WEEKS. Just don't get too crazy and start demanding 2100, bc a major retrace is going to happen to retest the breakout. You should be stingy as a trader. But now is not the time to wait for 1792 or even 1810. ...
PRS #4 (TRADE OF THE YEAR) REPOSITIONING 100 HOURS FRACTAL THIS IS THE BREAK BETWEEN PART 1 AND PART 2. THE SHORT IS NOT A LIVE TESTING TRADE. BUT IT'S WHAT I SEE RIGHT THIS SECOND. ALL UPDATES WILL CONTINUE HERE UNTIL I UPDATE A NEW CHART.
SOME ONE JUST NOTIFIED ME THAT MY LAST CHART DIDN'T MESH WITH THE COMMENTS, SO HERE IS A BETTER VIEW. BASICALLY:SELL NOW, REBUY IS FRIDAY/MONDAY AROUND 1805-1810.
Well, I didn't call it trade of the year for nothing. Will update ahead of 7/29. This date is highly critical whichever way you cut it.
The widow-maker never makes it easy. If we tag $1.55 going down next 10 days, let's call it a win and get back to it later.
IF WE DON'T TOP ON MONDAY, WE WILL FOR SURE ON WEDNESDAY. YOU SHOULD GET SITUATED FOR FOMC ON 7/29. That's because I believe it's an important entry for the following 5 weeks which will see all time high in gold prices. Before we get there though, I'm looking at a 40+ pt drop leading into FOMC. The annoying part is I can't tell if it's from 1830 or 1845. This...
This is PRS's second move on the Dow Jones Index. It looks weak, but not quite ready to die. Shorts should wait until Monday night. If you're conservative, just wait until point C. At C, the DOW is a HIGH VALUE SHORT. As always, will add more when I'm free unless these women take up all my time.
This is continuation for PRS LIVE TEST #10, BTCUSD all time high. This is ATH we are talking about, so 45 days is a splash in the bucket. Since I did that write up last, we have bounced a bit and then went no where. While PRS is decidedly an intermediate trading system, I wanted to put this on the record to prove PRS's value as a longer term trading guide. ...
This is a continuation of PRS LIVE TESTING #12 (OIL GOING TO 33). We have 3 short entries under $41. ANY MOVE ABOVE 41 PRIOR TO 7/29 IS A STRONG SHORT. Oil is about 7-10 days out from moving to 36 in 2-3 weeks. Originally, PRS called for 33. However, with respect to manipulated markets, PRS believes its smart to close the short at 36. The blue route is...
This is a continuation of PRS LIVE TESTING #11 (NATURAL GAS GOING TO 1.50). PRS have 3 short entries under between 1.80-1.89. ANY MOVE ABOVE 1.81 PRIOR TO 7/29 IS A STRONG SHORT. Some markets people cry because of manipulation. In natural gas it is the reverse, people CRY FOR MANIPULATION. This is probably not a true statement but funny and witty. Really,...
The zig-zag before the train leaves is always the hardest for new traders. Will there be another opportunity to buy? I think so as the 2 FED dates are likely to sandwich this "wave 5" (Ralph Nelson, karma is real, you better not fail here). But, that doesn't mean you'll get a another shot at 1795. BTW, PRS is an intermediate trading system for this very...
Well, while they are representative of price from different periods (or perspective), none of them are truly representative of price action as a whole. I have presented this question before: What does the 50-day moving average tell you? Well, the 50-day moving average. So let's say you use 3, 50-, 100-, and, 200-day averages. You are leaving out...