Pailin's Trading Corner

I'm going to post this here, since you asked for feedback about your latest endeavor.  

Your proposed fee for your trading service is $3K/year, and you anticipate an average acct size of $15k-$25K.  Do you know any hedge funds that charge 1-2% of customer equity per MONTH?  No offense, but that's just ridiculous. 

Today was not about FOMC.  The events are preplanned and pinned to these pathetic utterances.  The Gnome has been making noises of this variety for months.  Today we get the rocket launch.    It was anticipated some,  but damn what has changed that hasn't been ongoing for eons?  This is not seasonal, related to month, economy, Europe, Japan, the moon...... not even the election.  You don't need metals rising for the election, only equities.

Maybe we should ask Soros.  He knows.

Addendum:  And now @9:54 pm the metals take off again.  The only thing that concerns me is that when metals go up in Asia, they come down in NY.

Short EURO at 1.2550.  This is setup  where I use stochastic (or I could use RSI) I was talking to someone about the other day.  Uptrending fork, price hits medium line, stochastic is above 80 (I use 14 bars), then look for short.  Hopefully it works out better than my SI short, that was retarded, I should have at least waited for that horizontal resistance previous high at 29.88.  I find this setup doesn't signal change in trend, but it does get nice bounces, I'm looking to cash out at 1.2460 or at least take some profits, stop at 1.2550, no more dumb loses today, may cash out earlier depends how things look and when i go to bed.

http://www.screencast.com/users/RandyTabit/folders/EUR/media/f863a447-b383-4fa5-80cb-ab3812381f26

EDIT: Here is example of CAD daily with same set just reversed I took yesterday, I was just updating some chart and happen to see it, I wasn't following it or I may had went in to early.

http://www.screencast.com/users/RandyTabit/folders/CAD/media/7ada4d3a-76c9-42a6-b119-8279c112e4e3

a couple of things in my limited opinion. The Fed often telegraphs directly to players in Fed-Speak. It sounds absurd and opaque but basically what they said today is "we are more than likely going dovish again on money flow". They are preparing the market for their meeting in September and signaling directly to the Market.

I will not underestimate the change in character of the metals market. We have significant trendline breaks that have held since last March. In the past the hoods,banksters and operatives meddling in the market have at times stood aside especially when hot money enters to chase momentum, we are right on that cusp now imo. We may have character change in the market which means it doesn't trade at all like an old man perched atop a cold toilet as it has for months. It has BASED. Basing brings reversal and character change. This means forensic analysis of metals operations day to day may not fit what we have seen for a year now, it too will change and requires tremendous psychological flexibility in trading it. Buying aggressively something that has punished you relentlessly is what the Market can count on you not doing.

AEM is case in pt. A horrible nightmare hold for well beyond a year that took forever to finally bottom into a muck of hellfire and human waste. I did not even bother looking at its chart for fear of triggering severe post traumatic stress. The other day I looked at it like I would an old forgotten girlfriend who had just dropped 40  lbs, dyed her mousy hair a beautiful blonde and had a good surgeon slip in some DD saline cups for measure.

Maybe the entire sector follows suit, maybe it doesn't but change happens and I always have to be prepared for the unexpected and the least likely outcome.

No, you're not the only one...

I also agree with SW's technical observations, and need for mental flexibility.

do not want to jinx it but what the heLL?? anyone care to oFFer when the last time was we had Ag r3 premarket??? and kitco not working...http://www.youtube.com/watch?v=UmsLQFqdiQE

we got under an hour. just ticked 30.2o and on the drop...so we may come back to R1...that pivot lOOks a LONG way down, but that can of course aLL change VV quickly. hope you get some s3 magic in the near future. it is a few fireworks at any rate. a nice bounce back up to r2 oFF the top would be a heck of a solid start. peace

Deluxe, you're not alone by a long shot.  There won't  be any money printing.  Which is why SW's alert is worth noting.  This a cock tease at best in advance of FOMC in Sept.,  a human tragedy  at worst. 

Important  to understand 2 things imo.  First a verifiable reason for this sudden rise in metals in addition to the fundamentals that have been sputtered ad nauseum.  And secondly if you're investing in miners to discern whether there will be a distinct and continuing divergence from equities. 

..of the site, not this thread, has been acting like he knows something important, but is not telling.