@ JHNEWMAN
Smelling like a rose today! Congrats! Tables turn quickly.
Pailin's Trading Corner
January 13, 2012 - 11:11am
#15182
Congrats Newman
January 13, 2012 - 11:13am
#15183
Euro getting slammed
There was a double bottom this past week around 1.2660, dropped right through it. Knife catchers in the house? This seems exaggerated.
January 13, 2012 - 11:16am
#15184
Corn
I'm still hanging around, learning from all the great posts here. Hat tips to all.
Since my post harvest rally fizzled out last Nov, I have been out of the markets.
Now that the crop report is out of the way, should be more clarity to the grain markets.
Nothing for the bull here, market was lined up for a bullish report and did not get it. Report was not bearish enough to justify such a strong reaction, but trade expected a bullish report and market was limit down without USDA confirmation. Carryout is 860, if you believe USDA, and new crop will build on that with normal weather if forecasted acres get planted.
Looks like sell the rally type trade here. Closed the December gap yesterday, support at 5.80 March corn likely to be tested. Trading range 6.30 - 5.80??? Weather issues in Argentina may light up the market later on, will watch that area closely.
Everyone have a great weekend.
January 13, 2012 - 11:28am
#15186
@Red Pill - All those MIA
Note: Full sarc on
come back you bunch of girls
BH present and volumteering to lead the charge if asked. Being of the female persuasion, I stand ready to take a kick b/c my package is neatly carried internally. I have often wondered why men are so happy to swing those thangs around so much, exulting their vulnerability in a battle. Sarc off
What a great morning to hold seven FAZ tranches stepped down from $40.05 to $31.17 at the close yesterday. Thank you atlee for all the coaching that made this postion possible. Go Euro downgrade. Bring it!
January 13, 2012 - 11:39am
#15187
FYI U.S. markets closed Monday
MLK day.
January 13, 2012 - 11:41am
#15188
quote of the day
Simon Hobbs on CNBS 30 seconds ago: "Obviously the Fed doesn't target the dollar."
January 13, 2012 - 11:54am
#15189
congrtas Blak Hawk
Congrats Black Hawk but I do not deserve any credit. It is all you and you are doing well. I hope it continues for you. I am long TZA so I too would like to see the market burn down. It is up on air and bs.
January 13, 2012 - 12:04pm
#15190
still holding ZSL. missed op
still holding ZSL. missed op to lighten up w/profit. reset sell orders split 13.89 and 14.19 to catch next wave down in silver. might not come until monday asia given news. feeel better holding ZSL than AGQ overnights and especially going into a holiday.
silver seems to be holding well given the pull of the Euro and overall market news tho.
amazing the difference a day makes....33's looked remotely possible given great auctions in eurotrash land yesterday. Now....not so much.
i'm looking for a probe into high 28s, thus my ZSL LSOs. Might not get it, mentally ready to hold, yesterday was shaky and I almost got smoked due to it.
January 13, 2012 - 12:10pm
#15191
LNG is a strong green this
LNG is a strong green this morning. More love for my portfolio. I keep plugging this one over and over. It's the single best momentum stock I am aware of. I will go short somewhere in the 9.90's and attempt to ride it back down again.
Apparently those outlier red miners yesterday were signalling something. It's amazing how the Cartel painted the gold chart at close yesterday to 1649.90. A dime short, and the algos take over. Same old, same old.
The scalp is always greater than the rally.
January 13, 2012 - 12:17pm
#15192
what a great character this guy was
January 13, 2012 - 12:32pm
#15193
29.60
long from 29.60
that is a perfect inverted head and shoulders very clear 5 hr chart.
high risk trade
looking to add second if see 28.55.
break below that out of first pronto
hold second little longer.
can't trade this market on a shoe string. It is high risk.
January 13, 2012 - 12:42pm
#15194
PSLV
Premium back down to 26% right now. Hope at least one of you took my advice and sold that 32% prem!
January 13, 2012 - 12:45pm
#15195
SW,
Great to see you. Now
SW,
Great to see you. Now where's Abe....the sirens of Scylla are calling. Bad metaphor because we don't aim to lure you in for punishment, but hey it could be seen that way. 
January 13, 2012 - 12:48pm
#15196
One from the cheap seats
Tony, I am addicted to the ZSL trade, too.
Bot at 13.46 @ 947 am EST and sold 13.74 @10:11
Back in at 13.44 @11:32 am .........
January 13, 2012 - 12:50pm
#15197
WTI under 98
Anything under 98 wti taking a shot. missed this morning. if get tight stop.
SW welcome home buddy.
January 13, 2012 - 12:56pm
#15198
Jager06, exactly, liking your
Jager06, exactly, liking your attitude soldier.
Blackhawk, you are clearly honorary combat troops wherever you carry your package. ;)
obviously I mean girlie girls, of the "sensitive shouldn't be at the battlefront" type.
January 13, 2012 - 1:00pm
#15199
firstsilver:
good entry
firstsilver:
good entry points. I got in too high, beginning of week. It's ALWAYS about the entry/exit number. I was a little off on both this week.
13.46 should be a good number for you. looking for the afternoon fade
January 13, 2012 - 1:01pm
#15200
all out
out of mar wti & mar silver. no view here, just have to go to a lunch and still not mobile. back afterwards.
GLTA
January 13, 2012 - 1:26pm
#15201
cheap seats ZSL II
.... and out of the ZSL trade (13.44, 11:32 a.m) at 13.64 @12:23 p.m
Hope silver rallies again, so can fade it.
By the way, I can justify all this as a hedge vs my physical.
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There was a double bottom this past week around 1.2660, dropped right through it. Knife catchers in the house? This seems exaggerated.
For fun you could definitely put a long on (pure knifecatching) with a stop of 1.26. That's $600 of risk on the smallest Forex position of $100k. If anything less than the worse happens tonight with downgrades, euro should pop back up on Sunday night. The worst (6 downgrades) is being priced in right now.
EDIT - that stop/loss risk just got cut :) to $250 now on the France downgrade rumor from Reuters.com.
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Man is a credulous animal, and must believe something; in the absence of good grounds for belief, he will be satisfied with bad ones. -Bertrand Russell