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Swing Trade Idea – Barrick Gold Corp

Courtesy of Read the Ticker.

swing-trade-idea--barrick-gold-corpRetail investors must have a plan. Their only chance is to follow the foot prints of the large market players. Find their price moves (waves) and jump in for the next move.



The point and figure chart is great for Price Wave Analysis. These charts show the price waves that matter! The waves on the chart are the market massive foot prints the retail investor must follow.



The first chart is the ETF FXY (the FXY has been inverted) or the USDJPY. It shows the transfer from down waves to up waves and the waves that matter (3,2,1 in blue and red). If you are bullish you wish for the blue waves to behind you. Ride the wave until the wave support falls off!





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FXY


After reviewing the above chart, how different is it from the chart below? Short answer : Not much!



In the chart below we now must watch for the next blue 3 or 2 wave to signal that further move higher is on!



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ABX




The above charts are designed to use with Richard Wyckoff logic.





NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net



Investing Quote…



…”Mathematics is the only exact science. All power under heaven and on earth is given to the man who masters the simple science of mathematics.”…



William D Gann





..”It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong”..



George Soros







…”The four most dangerous words in investing are ‘This time it’s different’ “…



John Templeton





..“How many millionaires do you know who have become wealthy by investing in savings accounts?”..



Robert G Allen





After a question on how to become a better investor professional Mr Munger responded, ..“Read history, read history, read history.”..



Charlie Munger








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Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!