Other than Happy Tuesday the weekly trading system that played out over and over in the last quarter of last year is now officially dead. News coming fast and loose and it will dominate the buying and selling each day and hopefully the short term charts will anticipate that.
The Borg is back in the Hive reprogramming its Algo drones, seeking new life forms, absorbing what it can as it morphs into this year's transmutation.
Rangebound boredom right now. Nothing moving. Wish it would just happen one way or the other already...
LNG is the Beast Spawned by the Bernank
Yeah, Natty took a nice hit from the highs. Glad I covered. Wish I shorted. Welp.
Probably going to look for a buying opp on the 30 yr bonds since they're getting so destroyed.
when trading the pivots (s3 / s2 / s1 / pp / r1 / r2 / r3) -
do you allow just one buy/sell per PIVOT per day? or do you buy/sell a little each time price hits PIVOT?
thanks!
I think he has said that he sells a little at each resistance up to r3. But not sure what he is buying technique is on the way down. I am personally curious about this one.
Criminal takedown of gold and silver at the designated 1-1:30 hr.
BTFD
Hi to all Pailinites 
As per the recent calls to BTFD, especially on Silver, there is probably going to be a strong move in the not too distant future and time is very short if you don't have a position. I would not be a betting man waiting for a minor pull back to buy in, this next move will possibly leave some players without a seat at the table and cursing they missed out on the calls to BTFD.
Couple of questions. What timeframe of chart are you using to determine pivots - daily? Do the pivots change on a daily basis - or do you use the pivots from the same chart as you made your purchases off of?
when trading the pivots (s3 / s2 / s1 / pp / r1 / r2 / r3) -
do you allow just one buy/sell per PIVOT per day? or do you buy/sell a little each time price hits PIVOT?
thanks!
It depends on what my present "inventory" is. Assuming my bias is long (as it is at present) and I enter the day flat - I want to BUY (but always cheap) as much as I can so I'll buy 1 position at S1, 2 at S2 and 3 at S3. That will fill me up and give a very low cost average. In general I'm buying during daylight and selling while I sleep or when I wake up. So today's buys are tomorrow's sells.
As each buy executes, I'll enter a corresponding R sell in the same method in reverse - sell 3 at R1, 2 at R2, etc. This strategy tends to leave me an inventory overnight and often over many days...which is what I want in a bull. If I enter the day with inventory already on hand, then my buying is scaled back (1, 1, 2) and my selling is prominent (3, 3).
But it's not a formula, I still use a lot of "gut", which is why I'm not offering a subscriber service system :)
Man that's a sweet system Pailin. Kinda seems more effective in silver than gold. Guess you just have to be a little more patient with the yellow stuff :)
Wow, agriculture was MURDERED today. Sick stuff.
Couple of questions. What timeframe of chart are you using to determine pivots - daily? Do the pivots change on a daily basis - or do you use the pivots from the same chart as you made your purchases off of?
I'm using DAILY, same that I post almost every day.
They change daily based on previous day action/volatility. I reset too.
Almost headed off at the PAAS.
Excellent bouncing vehicle of late. Wears flubber on its heels.
BTFD
Hui is strongly diverging from DJIA today, hence my calls have been off. Right about the Dow, wrong about the Hui. But I will not be deterred....this is a bull market until otherwise specified.
Short LNG at 14.49
the Borg hunts tirelessly to consume heavily margined positions that game the futures. Its waterfalls are designed to trip stop/losses of humans who cannot survive the downdrafts.
Pailin uses the Pyramiding Ray-Blaster to neutralize the Borg's mindless wreckage. In fact it invests in Borg tactics and then flips them. IT invests in loss. It employs Lao Tzu and the ancients, aikido and the Judoka. It is much hated by the Borg.
What was the $12 GC beatdown about, a few mins ago? any news? or just routine mayhem?
Having difficulty choosing which HL class action suit to join in.
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when trading the pivots (s3 / s2 / s1 / pp / r1 / r2 / r3) -
do you allow just one buy/sell per PIVOT per day? or do you buy/sell a little each time price hits PIVOT?
thanks!
It depends on what my present "inventory" is. Assuming my bias is long (as it is at present) and I enter the day flat - I want to BUY (but always cheap) as much as I can so I'll buy 1 position at S1, 2 at S2 and 3 at S3. That will fill me up and give a very low cost average. In general I'm buying during daylight and selling while I sleep or when I wake up. So today's buys are tomorrow's sells.
As each buy executes, I'll enter a corresponding R sell in the same method in reverse - sell 3 at R1, 2 at R2, etc. This strategy tends to leave me an inventory overnight and often over many days...which is what I want in a bull. If I enter the day with inventory already on hand, then my buying is scaled back (1, 1, 2) and my selling is prominent (3, 3).
But it's not a formula, I still use a lot of "gut", which is why I'm not offering a subscriber service system :)
__________________
I never buy at the bottom and I always sell too soon. -Baron Rothschild
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