Judging The Judges


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Good trading all.

Steve Chapman, TRI

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24 comments on Judging The Judges

  1. apple
    March 31, 2014 at 12:09 PM (3 years ago)

    Thanks. I just looked at it and appears to be consistent the last couple of days. Can you please explain how you use it in tonights report and what distance is required. Thanks.

  2. Kansas Guy
    March 31, 2014 at 1:30 PM (3 years ago)

    I followed your last trade as listed in the Positions tab and closed out this losing trade this afternoon when we dropped below $1285. Now I see you mentioning end of quarter and VWAP feel stuff. Lesson learned by me, but if $1285 wasn’t a hard number, why not share that with us from the get go?

    • Steve Chapman
      March 31, 2014 at 2:54 PM (3 years ago)

      I didn’t have a stop in there originally but some subscribers always ask for one because they can’t be at their computers. There is not a lesson to be learned, but I’ve always felt that the price action plays a role in the the decision making process and I hate hard stops. If we are 20+ days into a daily cycle the context is different than if we were on the 7th day for example. There is nothing ever wrong with closing a position.


  3. Dutchisu
    March 31, 2014 at 1:51 PM (3 years ago)


    There is a third scenario that you haven’t talked about and that is we just continually grind down in gold for another 5-7 days not giving anyone a chance to short gold. If feels like we have a lot of trapped longs that won’t capitulate. The action is gold is just pathetic. Gold once again dropped to new low and then went sideways the rest of the day. That doesn’t seem like capitulation action to me. We need a sharp sell off on heavy volume followed by a sharp rebound. Then we will know we have wiped out all those longs that are holding and hoping for higher prices.

    • Steve Chapman
      March 31, 2014 at 2:56 PM (3 years ago)

      That is a valid scenario too. The action was definitely pathetic.

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