DUST trade ideas
DUSTMassive dump on this one. This is ideal for quick weekly trade.
Short Vert. Call @ higher premium to cap loss just in case.
Potential Max Profit in 5 days W/ -10 Vert. Call @1.60: $1600.00
Target: 50% Profit
DUST - Big day?If gold can stay here till the USA market open we have a good chance that we open with a gap and DUST could rally again today. Yesterday we broke out of the bottom with good volume , I would like to see some nice follow through today. I'm still missing that big day when we print a more than 20% rally in DUST with a panic and strong selloff in the miners.
Maybe today....
In a few weeks I would like to see a pullback up to the FIBO 23.6%
Holding the long position
weakness on gold push down $GDX, this thing might went back.$25 is very possible. Sorry $NUGT, Fed's rate hike talks killed it.
DUST - Island reversalFriday gap down open. Today gap up open.
This is an island having a huge resistance.
I like this setup.
Holding long positions.
DUST (W)Please test this BATT pattern at give your feedback freely. I just want to see if I am missing any thing. I tested the Batt Pattern on DUST history, and when it comes, it worked perfectly.
The only way to know is to wait a couple of months and see.
Dust to test 1.35 resistance again Gold is starting to weaken but still might have some time left this is how I think it could possibly play out.
short dust Think this will be the last move down then we will see the move higher after gold drops here in the next week or so. But for now we will see im thinking tomorrow will be an up day for gold.
DUST PREDICTION: RUNAWAY GAP TODAYI'm not happy that some of you closed the DUST positions yesterday.
Today we will open with a GAP which will not be filled and we will break the blue trendline.
I'm 99.9% sure that we are going to run at least to 4$. And 95% sure that we we will tag the
FIBO 23.6% level at 5.95. (447%)
DUST - CapitulationDUST opened with a gap (hard to see on the picture if you ZOOM it's there) and suffered a -18.77% decline.
It was a capitulation. I think the thing what is happening in the miners is very important for gold. Miners will have an intermediate decline in the following weeks. And the reverse fund DUST will rally like crazy.
The intermediate lows in DUST are always printed with this pattern what we saw on Friday:
gap open , record volume, capitulation. In 2-3 days a big reversal was coming.
I'm using Fibonacci to predict how far this rally will go: I'm looking for
at least a 23.6% correction to 5.95. (447%)
Most likely a 38.2% correction to 8.82. (664%)
But the 50% to 11.14 is not out of the table (844%)
If it was not the bottom we are very close: 1-3 days. So I'm still holding my DUST position.
I'm not going to sell my shares to the banks at the exact bottom.
DUST - Take some awful chancesDust - this is a real S* Of a B*...
I do not recommend this one to beginners, but if you are a tough guy and can handle some risk this can be a good one now.
Gold will break down sooner or later . When gold breaks down gold miners will start a correction also and DUST will start to rally.
Many asked : go long now or later? DUST split is coming in MAY.
I think if gold starts a correction it will be fast and painful.
So the miners correction will last for 2-3 weeks and there will be only one really good week.
Split has no effect on the performation of the position. Your profit or loss will be the same after that.
I would enter now not after the split. At the split the price will be higher most probably, and possible that gold correction will be over by that time( 18.05)
If you enter now you have to surrvive a 1.5$ drawdown now. Im not saying that its coming down 1.5$ but you have to prepare for that. And one more thing. If you enter now you must not add after the split. Actually you should have a core position and no adding to that. I will post when I close my DUST positions.
DUSTWhose buying NUGT? I think that gold and miners are very over extended would you buy NUGT now? It could make you the guy holding the bag when it opens 20% down. Its just too late in the cycle to buy NUGT here. I'll wait for a pullback to get in. Buy DUST? Not sure I would do that any time soon. Too hard to tell. If you listen to others shorting a baby bull is a big mistake.
Just looking at the chart of DUST. Look at the oversold condition, look at the volume increase. Big buying volume Today. Look at the bounces when %R gets way oversold (blue boxes). Strictly from the chart I would say its getting time to buy. I just won't
DUST - Trade ideaGold seems to be starting its 4-6 weeks decline into the DCL.
If it is then DUST will have the chance to produce it's bounce to the upside in the following few days.
Watching the volume I'm quite sure that few big players had already positioned in this vehicle.
It's a good risk/reward : if we just fill the gap it's 120%.
I'm not going to hold this position more than 2-3 weeks, time will be very important in this trade.
DUST has touched 1.618 ext as well.Similar to Gold
Dust has touched 1.618 inverse ext As well..
Long DUST
SL: 3.10
TP: 11.30
Increasing Volume in Dust: Signals TradeFollow the volume. Moves signaled by low RSI, Low Money Flow, Fisher either low in reversal or in up signal, WITH INCREASING VOLUME FOLLOWED BY VOLUME ABOVE the increased volume average, signal a long DUST trade. Then, volume bell share with increased DUST Price as volume drops. Sell signal is normally at RSI over bought.when in an up channel, else RSI60 over bought when in a down channel. I'm long now: GLTALs.
