GREY:ALXDF - Post by User
Post by
goldopportunityon Mar 22, 2017 6:04pm
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Post# 26016950
Fwiw......
Fwiw......If you're gonna win at this game, you're going to have to think like a winner....and be strategic. The noise after 3 pm, quite frankly, was done by a bunch of losing trolls. I'm going to give you a quick lesson in how you should view any close. Among other things:
- see if anything has changed in the fundamentals of the company or gold
- look for broker swaps....could be a signal of some "playing" of the sp
- was there an abundance of trades done by 1 brokerage on either side
- look at the closing spread between the surface bid/ask, and supply
- check volume flow during the day
- look at u.s. sp, range+action during the day, closing sp and closing boc rate
- look at gold indices, pog and usd charts
You should also check ta indicators on cdn chart vs u.s. chart. I see several very important differences between azx and alxdf, one of which is a positive par/sar on the u.s. chart, and negative on cdn. Put everything together and it looks like the cdn retail who sold today got "played" by the best. Yep, the cdn retail just sold into the laps of the pros, imo. Think arbitrage...it was so text-book.
As for the sp....nothing has changed. Think of the cdn sp like a coiled spring, and when it's sprung you're going to see some good upward trajectory. So we'll see what happens. Jmvho.
p.s. I won't charge you trolls for the above lesson. Hopefully you learnt something.
goldopp