Pailin's Trading Corner

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Thu, Jun 22, 2017 - 4:06pm (Reply to #41866)
Weasel Tracker
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No team yet... Probably will

No team yet... Probably will have to wait for tomorrow as this might last until way after market closes

https://i.imgur.com/7FyXmwu.png

Thu, Jun 22, 2017 - 7:59pm (Reply to #41867)
HappyNow
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Weasel Tracker wrote:No team

Weasel Tracker wrote:

No team yet... Probably will have to wait for tomorrow as this might last until way after market closes

https://i.imgur.com/7FyXmwu.png

??? is right. This is crazy-making. It's interesting that we always expect that history can be interpreted to give us direction, that is to say that the price is always 'going somewhere' or about to. We;re always trying to make meaning.

Twice today I had to fight off selling my longs to go short because the 'reversal' was so not convincing and I suspect a setup for short bear period . But since it would be a short term bear I could also wait for it to turn and for today I will do just that.

Here's to the last 24 hours of the trading week!

Swing trade indexed ETFs. Long physical gold, silver, and 1 miner.
Thu, Jun 22, 2017 - 8:13pm (Reply to #41868)
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Longs won ( I believe)

I did not buy today, but resistance just broke... A couple retests of support, then pop! Maybe a bit early, but congrats on holding!

https://i.imgur.com/RhRm6Nx.png

https://i.imgur.com/Tny9hKt.png

Thu, Jun 22, 2017 - 9:19pm (Reply to #41869)
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Nevermind, back to ???

Nevermind, back to ??? LOL

Support broke, and is now resistance again...

Thu, Jun 22, 2017 - 10:28pm (Reply to #41870)
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OK! All is good!

OK! All is good!

Fri, Jun 23, 2017 - 8:41am
HappyNow
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Thanks for continuing to post

Thanks for continuing to post the charts as this plays out. Overall it looks bullish with a chance of rain.

Given we're at or about to be at the next resistance level, and that it's been so difficult to chart for direction and the weekend in front of us I will be watching for a sign that I should take 1/2 of my long out for profit. Depends what I see during the day.

Swing trade indexed ETFs. Long physical gold, silver, and 1 miner.
Fri, Jun 23, 2017 - 12:47pm (Reply to #41872)
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New Pattern

Still have not purchased a long position.... $16.65 will be the new important battleground.

https://i.imgur.com/xeOZuj7.png

Fri, Jun 23, 2017 - 3:48pm (Reply to #41873)
HappyNow
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Weasel Tracker wrote: Still

Weasel Tracker wrote:

Still have not purchased a long position.... $16.65 will be the new important battleground.

https://i.imgur.com/xeOZuj7.png

And I didn't exit.

It's not like you've missed anything.

Swing trade indexed ETFs. Long physical gold, silver, and 1 miner.
Fri, Jun 23, 2017 - 5:54pm (Reply to #41874)
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Happy, you have just

Happy, you may have just gotten F*cked in the last few minutes of trading... Sunday does not look good!

Fri, Jun 23, 2017 - 8:06pm (Reply to #41875)
HappyNow
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Weasel Tracker wrote: Happy,

Weasel Tracker wrote:

Happy, you may have just gotten F*cked in the last few minutes of trading... Sunday does not look good!

yeah, I was making a what-if chart and because today's action was long and indecisive the setup was there for an easy negative violation. If you stand back it is only a few pennies of price but technically it looks bad. If it had happened hours sooner I would take it more seriously. I had some time to watch the bid-ask spread during the day and it was not unusual to see 6 cents of separation so I am going to call this an end of week who cares moment.

Swing trade indexed ETFs. Long physical gold, silver, and 1 miner.
Fri, Jun 23, 2017 - 8:43pm (Reply to #41876)
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Perhaps you are right. We'll

Perhaps you are right. We'll see what happens Sunday and Monday. Have a good weekend Happy!

Sun, Jun 25, 2017 - 9:29pm (Reply to #41877)
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Just an

Mon, Jun 26, 2017 - 12:58am (Reply to #41878)
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It did break through that

It did break through that support line, but looks like it wants to bounce off that highest down trending line before going south.

https://i.imgur.com/A5OmcGu.png

 

Mon, Jun 26, 2017 - 7:14am (Reply to #41879)
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Support broke and resistance

Support broke and resistance was retested. It Crashed to the bottom of the next channel. While the distance and timeframe looked odd, it did occur when an where I expected it as per my previous posts...

https://i.imgur.com/eg6b8RS.png

Mon, Jun 26, 2017 - 9:14pm
HappyNow
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Well another day and still

Well another day and still rangebound.

Good chartin :)

Swing trade indexed ETFs. Long physical gold, silver, and 1 miner.
Tue, Jun 27, 2017 - 6:56am (Reply to #41881)
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Silver just broke through the

Silver just broke through the month-long downtrend. I guess today I will buy a long position!

https://i.imgur.com/hgC6Uzi.png

Tue, Jun 27, 2017 - 8:48am
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Watch your stops

Watch your stops weaseltracker.

If it gets back under that trend, you could be looking at a five wave sequence down.

Not saying it is a failed break, just if it becomes one, it would have just become a wave four upwards consolidation, and a move away from such a failed break would be quick to try to capture the longs into their positions.

argentus maximus Rhythm and Price https://www.greenhobbymodel.com/rhythmnprice.html This analysis - global markets
Tue, Jun 27, 2017 - 11:06am (Reply to #41883)
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Thanks Argentus! Just bought

Thanks Argentus! Just bought a long position after retesting just now... we'll see

Wed, Jun 28, 2017 - 12:09am
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Argentus many thanks for

Argentus many thanks for popping in. Over time staying on a tightrope leads to fatigue.

Weasel as I post this you look to have read it well.

Swing trade indexed ETFs. Long physical gold, silver, and 1 miner.
Wed, Jun 28, 2017 - 11:41am
HappyNow
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I've taken one tranche out @

I've taken one tranche out @ Ag $16.80

Swing trade indexed ETFs. Long physical gold, silver, and 1 miner.