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...
This is an improved 10-day map updated with futures not spot. This one is unique in that it was built from the ground up. Should be more accurate than the previous map for XAUUSD 7/14-7/24.
When the facts change, PRS will change. That said, the trend is up, way up. We're not going down, that much I can say with confidence. But the way up isn't pretty. If you don't have problem buy and holding, this is the perfect strategy for the next 45-50 days. I will update with short term charts if I have time. The nature of staircase moves makes maps...
So last time we opened at the first outing for #9 at 9059. After bouncing to nowhere for while, we can close it at a small profit (we also could have closed above 9300 several times and as high as 9475. But why close 9245 when 9900 is so available? Plus after promising 11400, 9245 seems so disappointing. I intend to to nail this 9900 call for BTCUSD and be...
Again in stair cases, outside of 10 days are not reliable will update then.
PRS HAS CALLED THIS RALLY SINCE 6/19 WITHOUT A MAJOR CHANGE TO THE FINALE, UNTIL NOW. First, replay derivative map from 6/19. After eliminating the bearish outcome, all following updates has generally follow this route. With addition to PIRL-PIMA-PIVO database, this 300 point 5-day swing is now the projected outcome for this rally's finale. This route IS...
At 1765 I said, "If you only listen to me once, don't walk away from this trade." Now at 1800, I say again, "If you only listen to me one more time, don't walk away from this trade." We all know gold traders are emotional. But chill out guys and gals, it's 1800 last second I checked. We are 6% from all time highs. 5% yesterday during which August futures were...
FOR THE RECORD: PRS LIVE TESTING HAS NAILED EVERY TRADE SINCE #2. SCORING 83/90 POINTS. THE INTERNET IS FOREVER, READ THEM FOR EVIDENCE. Notes are below. If you've been following me, this a supplement for PRS LIVE TESTING TRADE #4. #3 is closed because I dated it 7/7-8. If you took any entry since 1748, you're up. If you haven't closed it, do it tomorrow. ...