Pailin's Trading Corner

42245 posts / 0 new
Last post
Fri, Jul 22, 2016 - 1:19pm
madcow
Offline
Joined: Jun 23, 2011
281
1405

im holding off on DUST until

im holding off on DUST until i see some sorta extended upward confirmation haha.... tho this price range still looks juicy.

Fri, Jul 22, 2016 - 2:05pm
tonym9
Offline
Joined: Sep 27, 2011
1490
2492

MC you're not missing much,

MC you're not missing much, that's for sure. No help from USD/JPY. GDX turned green on the day is at 28.90 with an intraday hi of 28.95 so far. DUST hi of 6.65 intraday. 

I've almost hit my stop in DUST several times today. Doesn't look like the move down happens this week.

Yes, the range is very juicy...but it just isn't getting traction. BOJ friday, options exp next week...I can't imagine DUST won't fly within the next few trading days but who knows. 

Won't hold over the wknd. 

"No! Try not. Do, or do not. There is no try." -Yoda Levitation will levitate until levitation doesn't levitate. Rates be the key matey.
Fri, Jul 22, 2016 - 4:04pm
tonym9
Offline
Joined: Sep 27, 2011
1490
2492

out of dust at 6.40 per, took

out of dust at 6.40 per, took the daily loss. flat. prolly should have held some for Sunday night action but not worth the weekend risk-seems it's all to the upside for gold. 

"No! Try not. Do, or do not. There is no try." -Yoda Levitation will levitate until levitation doesn't levitate. Rates be the key matey.
Mon, Jul 25, 2016 - 7:47am
tonym9
Offline
Joined: Sep 27, 2011
1490
2492

very quiet this morning.

very quiet this morning. premarket mid 6.60's B/A DUST....waiting on a good entry. Could have held over weekend, but risk mgmt said no. Better to give up a little than give up a lot on a headline...

"No! Try not. Do, or do not. There is no try." -Yoda Levitation will levitate until levitation doesn't levitate. Rates be the key matey.
Mon, Jul 25, 2016 - 12:58pm
tonym9
Offline
Joined: Sep 27, 2011
1490
2492

dust this morn at 6.85, sold

dust this morn at 6.85, sold at 7.20. Back in at 7.00, sold 7.11 per. took a break. it's 7.14/7.15 as I type. USD/JPY at 105.867, GDX 27.73/.74, gold netdania aug 1320.03, NUGT 121.15/121.36

looking for dust re-entry 

"No! Try not. Do, or do not. There is no try." -Yoda Levitation will levitate until levitation doesn't levitate. Rates be the key matey.
Mon, Jul 25, 2016 - 8:53pm
tonym9
Offline
Joined: Sep 27, 2011
1490
2492

final entry was 7.14 DUST,

final entry was 7.14 DUST, watched it go to 7.25 then watched it fade into the close. sold aftermarket at 7.09 per. flat. netted .40 per share today...shouldve done better but hesitated at the premarket open and didn't get in until 6.85, then had a computer snafu selling at 7.30 and ended up being 7.20 cuz of my connection needing a reset on the first position.. The gap up resulted in about a .70 range today. Ok day, not great, but not awful either. 

reset for tomorrow morn. still looking for a test of 13ohs. big day tomorrow. i have downside bias but will await what the charts say even if I have another late entry. glta

"No! Try not. Do, or do not. There is no try." -Yoda Levitation will levitate until levitation doesn't levitate. Rates be the key matey.
Tue, Jul 26, 2016 - 6:32am
tonym9
Offline
Joined: Sep 27, 2011
1490
2492

dust 6.86

dust 6.86

"No! Try not. Do, or do not. There is no try." -Yoda Levitation will levitate until levitation doesn't levitate. Rates be the key matey.
Tue, Jul 26, 2016 - 3:48pm
Island Teal
Offline
-
Cayman Islands
Joined: Jul 12, 2011
220
595

Trading the HUI

Looking for ideas on how to best trade the HUI long.

GDXJ ?

ABX?

JNUG?

?????

Tue, Jul 26, 2016 - 6:08pm
tonym9
Offline
Joined: Sep 27, 2011
1490
2492

hit stop at 6.63 DUST. Almost

hit stop at 6.63 DUST. Almost got back in at 6.40, didnt as my trading plan did not come to fruition. Flat. Now its back up to low 6.50s

IDK what to make of it today...just KNEW today was a DUST day, like 2 weeks ago knew and circled on the calendar knew. 

BOJ, FOMC? who knows

...feelin a little let down lol

"No! Try not. Do, or do not. There is no try." -Yoda Levitation will levitate until levitation doesn't levitate. Rates be the key matey.
Wed, Jul 27, 2016 - 7:32am
tonym9
Offline
Joined: Sep 27, 2011
1490
2492

not taking a position at the

not taking a position at the moment. no clear direction. risk management says sit on sidelines. lots of data this morning, later oil, then fed...too much to try to keep up with while working. my guess is DUST is the way to go due to fed speak but no way to 'know' for sure. 

You don't have to trade every trade. Wait for your 'pitch' and remember patience.

B/A via scottrade:

DUST: 6.46/6.49

NUGT: 132.35/133.28

GDX: 28.56/28.63

per CNBC: 2.2801

WTI: 42.66

GOLD: 1320.70

SILVER: 19.67

COPPER: 2.214

UST 10yr: 1.5662

USD/JPY: 105.52

UST 30yr: 

as of 625-630am cst

"No! Try not. Do, or do not. There is no try." -Yoda Levitation will levitate until levitation doesn't levitate. Rates be the key matey.
Thu, Jul 28, 2016 - 1:09pm
tonym9
Offline
Joined: Sep 27, 2011
1490
2492

missed yesterday's action,

missed yesterday's action, work was too demanding.

in dust today at 5.60, out at 5.83

in nugt now at 141.79 will sell end of day, looking for a nice bounce based on paying very close attn to bonds, once they started down I flipped to nugt

would like to stay in the nugt position but BOJ forces risk mgmt = flat tonight

glta...is anybody out there?

EDIT: out nugt 144.12, work just got in the way

"No! Try not. Do, or do not. There is no try." -Yoda Levitation will levitate until levitation doesn't levitate. Rates be the key matey.
Thu, Jul 28, 2016 - 7:12pm
csquared13
Offline
Joined: Sep 13, 2011
1149
1305

So I've been lurking and

So I've been lurking and quietly trading FX. I have been trading small positions as I slowly get in the groove of using real money and get confident with my system.

I've had losses, but just made back a big chunk of them just now in two minutes. Holy moly..I just caught a big short USD/JPY.

Sold 105.182 Bought 104.161

“Everybody gets what they want out of the market.” -Ed Seykota
Thu, Jul 28, 2016 - 7:32pm
csquared13
Offline
Joined: Sep 13, 2011
1149
1305

Sold 104.83 Bought 104.766

Sold 104.83 Bought 104.766 and 104.642

“Everybody gets what they want out of the market.” -Ed Seykota
Thu, Jul 28, 2016 - 7:46pm
tonym9
Offline
Joined: Sep 27, 2011
1490
2492

CS: Palin used to do forex

CS: Palin used to do forex IIRC. If you have questions I'm sure he'd help, but it sounds like you are doing just fine....congrats on the kill. Which way are you planning on playing BOJ? I'm flat. 

As per my usual, NUGT ran to 150 shortly after I got out at 144...hard as hell to trade sometimes at work. Taking profit is never a bad thing, but.... I want to flip to something that requires less babysitting...once I get a good size of house money it will probably be miners. 

Hit AGQ for .21 per today on a quick lunchtime play....been a few years since I played silver. 

"No! Try not. Do, or do not. There is no try." -Yoda Levitation will levitate until levitation doesn't levitate. Rates be the key matey.
Thu, Jul 28, 2016 - 8:39pm (Reply to #41180)
csquared13
Offline
Joined: Sep 13, 2011
1149
1305

Thanks tony. I won't play

Thanks tony. I won't play something like a BOJ meeting unless the system tells me to when the time comes, but at the moment I'd say it's favoring a move back to par.

“Everybody gets what they want out of the market.” -Ed Seykota
Fri, Jul 29, 2016 - 6:23am
tonym9
Offline
Joined: Sep 27, 2011
1490
2492

sitting on hands.... normally

sitting on hands.... normally i'm pretty aggressive in the premarket with dust/nugt....not today. GDP at 830am central gives me great pause. BOJ resulted in USD/JPY down, but US 30yr bond is up to 2.25.....crosswinds. GDX is down. My bias is to the upside once past GDP release so NUGT makes sense for me but I have a feeling I can get it at a better price later in the premarket...140 would be great. 

morning quotes as of 510-515 cst:

via scottrade ticker

GDX: 29.44/29.58

NUGT: 144.01/146.60

DUST: 5.81/5.83

GLD: 127.22/127.44

SLV: 19.08/19.13

via cnbc:

UST 30 yr: 2.2478 (changed as typing)

UST 10 yr: 1.5232

WTI: 40.83 (ouch and worrisome as it appears a low 3 handle is due....GDP may make UCO a big mover today)

Gold: 1340.60

Silver: 20.16

Copper: 2.202

USD/JPY: 103.56

Netdania has gold 1333.70

Remember, wait for your pitch and call your shot. After GDP I'm biased long gold for August. GLTA

"No! Try not. Do, or do not. There is no try." -Yoda Levitation will levitate until levitation doesn't levitate. Rates be the key matey.
Fri, Jul 29, 2016 - 9:35am
tonym9
Offline
Joined: Sep 27, 2011
1490
2492

3 mins before GDP report I

3 mins before GDP report I took a 147.38 NUGT position based on USD/JPY....was ready with a 143 sell order (didn't get hit bwahahaha). NUGT is positioned well for the open with GDX hitting 30.30, it is 156 land as I type. Nice way to start the day. 

as of 8am cst:

Gold via netdania: 1348.02

USD/JPY via netdania: 102.72

cnbc quotes:

30 yr UST: 2.2331

10 yr UST: 1.4958

5 yr UST: 106.87

gold: 1351,30

silver: 20.26

copper: 2.2065

wti: 40.90

GLTA all, hope you got a piece of that this morning. 

EDIT: out of NUGT at 157.20, buy order in at 153

EDIT EDIT: now that market is open, bought back NUGT at 155.90

"No! Try not. Do, or do not. There is no try." -Yoda Levitation will levitate until levitation doesn't levitate. Rates be the key matey.
Fri, Jul 29, 2016 - 10:26am
csquared13
Offline
Joined: Sep 13, 2011
1149
1305

Added a small position in POT

Added a small position in POT to the Roth IRA.

“Everybody gets what they want out of the market.” -Ed Seykota
Fri, Jul 29, 2016 - 3:24pm
tonym9
Offline
Joined: Sep 27, 2011
1490
2492

Multiple trades but netted

Multiple trades but netted 13.67 per NUGT share today. Now flat. Good day. 

Just glad to have an empty headline calendar in front of us for a bit. Cutting out a little early, plan to rest up for a busy Saturday of outside work. 

CS: Good luck with the POT...why do I smile every time I see that ticker lol

SSK: your INO play should start to get some legs here, FL reported today it has the most Zika cases, saw it on local news. Looks like it's at 9.85 per, weekly low was 9.06....not too shabby.

Upside bias in metals but may get a bit of a GDX pull back Monday...will take what Mr Market gives.

GLTA

"No! Try not. Do, or do not. There is no try." -Yoda Levitation will levitate until levitation doesn't levitate. Rates be the key matey.
Sun, Jul 31, 2016 - 1:32pm
csquared13
Offline
Joined: Sep 13, 2011
1149
1305

Weekend musings: Although my

Weekend musings:

Although my system caught the move in the Yen, I didn't capitalize as well as I should have.

First mistake, not leaving one contract to run. The trend was clearly down and I allowed the volatility to make me react to price, which was a big mistake. 

I think next time I make a trade like this, I should immediately step away from the computer to gather my composure.

This trade should have easily doubled my account capital, and I believe a good seasoned trader would have easily made $1,000 on that Yen move. I'm happy to walk away with a nice gain, but disappointed in myself for letting the market make me react emotionally. (instead of trusting the system I am trading)

“Everybody gets what they want out of the market.” -Ed Seykota

Notice: If you do not see your new comment immediately, do not be alarmed. We are currently refreshing new comments approximately every 2 minutes to better manage performance while working on other issues. Thank you for your patience.