Pailin's Trading Corner

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Mon, Jan 23, 2012 - 12:40pm (Reply to #15701)
Mr. Natural
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Nu Yu

atlee, do you still follow his blog? https://fx5186.wordpress.com/ what was the chart pattern of his you were interested in a ways back? does it tie into this? I'm too feeble-minded to make sense of it much less to even remember it.

Use the right tool for the job
Mon, Jan 23, 2012 - 1:00pm (Reply to #15705)
atlee
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Hello Mr. Natural Yes that

Hello Mr. Natural

Yes that is the one. Been right but like all there is a lot of territory in between the points. I am currently sidelined watching the action for "clarity". A rare commodity these days.

My systems went sell at 32.40.

Mon, Jan 23, 2012 - 1:19pm
SSK
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SW, Watching CDE here too.

SW,

Watching CDE here too. It got whacked at 12:15 for an unknown reason. Looking to add here.

JAG is struggling this morning. I've added down to $6.93.

LNG is trying to retest 11.30. Watching this here. If it fails again, I'm shorting.

Mon, Jan 23, 2012 - 1:33pm
l'idiot du village
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Although the market is often stupid

I've never had any luck trying to be smarter than it is.

Mon, Jan 23, 2012 - 1:55pm
Red Pill
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re forex metals

saw your question..

Hotforex allow this, they just don't ask where you're from, nor report anything to anybody.

theyre based in Mauritius, I've been using them since beginning of Dec and thoroughly recommend them. they also do this thing where every $100 you put in, they add $50, even after 6 weeks in, on my last deposit they still did it, I don't know how long that goes on for, but long may it last :)

good luck

edit, lol, this was supposed to be a PM, but now its out there..

I can only show you the door.. Take the Red Pill #Occupy Money
Mon, Jan 23, 2012 - 2:15pm (Reply to #15709)
BlackHawk
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@Red Pill

Have you tried to withdraw your winnings yet? Could be MFG on steroids to pull the money back.

Mon, Jan 23, 2012 - 2:25pm (Reply to #15708)
Silver is money
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captain unsensible

captain unsensible wrote:

Although this market is stupid, I've never had any luck trying to be smarter than it is.

One of the best trading quotes that I have read. Thanks. Feel like it should be printed in HUGE letters and looked at every time I want to get too "smart" about a trade.

Mon, Jan 23, 2012 - 2:27pm (Reply to #15704)
pailin
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kemp wrote:Is there a forex

kemp wrote:

Is there a forex account a US based person can use to trade metals?

I use forex.com. Never any problems, no complaints from me. But they do everything nice and legal-like :) and there's no leverage. It's dollar for dollar. Trading symbols are XAU and XAG.

EDIT - how soon I forget. One complaint. On two separate occasions on huge waterfall raids in silver they blocked market orders and only processed limit orders. That was only for a few minutes until the markets "righted" but it did limit high-risk BTFD action a bit :)

To the intelligent man or woman, life appears infinitely mysterious, but the stupid have an answer for everything. -Edward Abbey
Mon, Jan 23, 2012 - 2:33pm
pailin
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bought gold

2:30 pm buy @ 1676.79. $3.30 higher than when I sold at 5 am.

All that up and down and here we are basically even. Big deal, right?

Worth it to me to miss some of the ups to miss all those downs :)

I think I may exercise my temptation to buy partial at 10 am (after going flat at 5 am) tomorrow.

To the intelligent man or woman, life appears infinitely mysterious, but the stupid have an answer for everything. -Edward Abbey
Mon, Jan 23, 2012 - 2:42pm (Reply to #15710)
Red Pill
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BlackHawk wrote: Have you

BlackHawk wrote:

Have you tried to withdraw your winnings yet? Could be MFG on steroids to pull the money back.

lol, no, but I haven't had enough winnings to think about that yet.

I don't see why it should be any different to any other Forex company though to be honest. I read a lot of reviews, they seem ok, we shall see I suppose.

I can only show you the door.. Take the Red Pill #Occupy Money
Mon, Jan 23, 2012 - 3:05pm
redwood
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Most profitable time to buy

Most profitable time to buy miners Mondays between 1-4:00 pm.

And if you don't have forex a good trade is to hold over w/e (thanks to Titus), sell Monday am. and reenter Monday pm.

Mon, Jan 23, 2012 - 3:09pm
Rico
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Jeebus!  Nattie B. Goode!

Jeebus! Nattie B. Goode!

Mon, Jan 23, 2012 - 3:14pm
l'idiot du village
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Nat Gas etc

Am looking at Encana (TSE:ECA), a big natgas fracker, and am wondering if this is the start of an overdue bounce,. Was looking at a big gold junior called Exeter resources over the weekend. It's down around the 2/3rds off it's high mark. It has an enormous deposit near 30m ounces when one includes it's byproduct copper credits. I think the problem with Exeter, which has an exemplary team, is the same problem affecting NewGold, Kinross, Yamana, Silver Standard and other big names - they have too many of their ounces in the Southern part of South America, and I believe the market (rightly or wrongly) is in the process of downwardly revaluing these ounces. it might be more acceptable, if the market then sought to revise valuations on Northern hemisphere ounces in the ground....

Mon, Jan 23, 2012 - 3:18pm
Titus Andronicus
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I've just been sitting

I've just been sitting on my longs.

I am seeing eye-to-eye with Turd on his "bottom is in" thinking.

I decided not to sell the long I added at 2:30pm last Friday. I'm still trying to figure out how exactly I want to play the time-of-day trade.

I'm sitting on some nice profits so far this year just from sitting on my longs. I have yet to sell a position this year!

My stocks have been doing better than the HUI. Since the HUI is sitting near the bottom of the 500-600 range, I decided that the risk-reward was good and I maximized my very modest stock holdings -- we'll see if that pans out. I added TRX and AG over the last week or so.

I'm guessing that Sinclair is right about TRX being undervalued.

PVG sure has been the gift that keeps on giving. The bright star of my investing in the 2nd half of 2011. (Too bad I don't own very much! LOL!)

Mon, Jan 23, 2012 - 3:25pm
SilverWealth
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Harfwit

XRA was a big dissappointment last year. Thanks for explaining why. For months it was a sector leader, a great day trade too. Then one day it rolled over in the water like a turd in the bowl and that was that.

Granny laying in long gold and silver with orders to sell higher for the 1 a.m. Pacific . May as well go out and buy the spats, heavy pin stripe suit, cigars and signature thommy gun of the gangland guys now that I am trading their theme. Titus has turned me into a thug with his newly designed racketeering operation.

Mon, Jan 23, 2012 - 3:42pm
atlee
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I have a feeling we are

I have a feeling we are overdue for a turn around Tuesday that turns around the other way.

Maybe I am on a streak of being wrong.

I do believe 26 is the bottom but I am not so certain it is straight up from here. More comfortable buying after a beat down.

Good luck to all longs. Hope my streak continues.

Mon, Jan 23, 2012 - 3:44pm
SSK
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Natty gas was a buy with UNG

Natty gas was a buy with UNG at $5.00. I didn't have the patience to hold my shares. That happens. Still, the scale back CHK news is inherently negative. UNG could be setting up for a nice short here. It's not as if nat gas has any forward momentum other than a bounce off a shitty low. Watching with an itchy short finger.

Mon, Jan 23, 2012 - 3:46pm
SSK
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Short UNG

Oh yeah, it was 54 degrees here in Southeast IN. Gonna be warm all week.

Mon, Jan 23, 2012 - 3:51pm (Reply to #15722)
Eric Original
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Gonna be 40 here by week's

Gonna be 40 here by week's end. Everything melting all over the place. What a mess.

I'm in the green on my "knife catching" buy on HGT, and I'm holding.

This isn't a metals blog anymore. It's a right wing circle jerk, masquerading as a metals blog.
Mon, Jan 23, 2012 - 4:01pm
SSK
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If a crap miner like MFN can

If a crap miner like MFN can get a 36% premium buyout, there may be hope for HL after all. Come on PAAS, make a deal.

Seriously, the M&A in the miners is a bullish thing. Now for JAG to finalize the deal . . .