Pailin's Trading Corner

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Fri, Apr 27, 2012 - 10:32am
SilverWealth
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volume

Volume is puny in Silver on this upmove.

Fri, Apr 27, 2012 - 10:44am
Art Lomax
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$15 beans!

Don't want to be short this market!

Fri, Apr 27, 2012 - 10:47am
SilverWealth
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trendline

GC is now punching thru downtrend line off the 30 day chart.

I think this is important and buying will come in now in gold for intermediate term upswing unless of course its a defended area and we see a waterfall here.

LNG continues as the easiest trade imo. No fear of EE attacks, bull chart in uptrend,etc.

because of the tremendous fear and pain on the downside of metal it is difficult to take an aggressive position. This indicates we are somewhere around a bottom I would think but if you take a big position in GC over the weekend you play roulette with JPM. They are capable of body slamming price in thin traffic on Sunday night, Monday early.

Fri, Apr 27, 2012 - 10:52am
SilverWealth
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ES

ES setting up for another wave down to 1387 area imo where I will buy SSO for a bounce.

Feral cat at the door. A monster appetite. Time to feed her.

Fri, Apr 27, 2012 - 10:54am
pailin
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Hmm. Have money to buy and

Hmm. Have money to buy and ounces to sell.

Can we please either break lower or higher by .50-1.00? Please??

To the intelligent man or woman, life appears infinitely mysterious, but the stupid have an answer for everything. -Edward Abbey
Fri, Apr 27, 2012 - 11:24am
Perfidious Albion
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Amazon.. WTF is that about

Amazon..

WTF is that about ?

SW.. Au its that 1668 hurdle. One of Turdlets many battle lines.... I can almost hear the bugles sounding, thank god its the weekend coming up..

Who's going to stay long ? Apart from Professor Pivotski..

Humble newbie listening and learning. A lemming doesn't last long these days..
Fri, Apr 27, 2012 - 11:38am
Gold Nugget
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Joined: Jun 15, 2011
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THE MAKING OF A TRADER

I AM SUCH A BAD BOY. HAHAHAHA.

CHA CHING. I SOLD ALL 4. I DID NOT STAY WITH THE SYSTEM. I COVETED THAT MONOPOLY MONEY.

LETS SEE. I BOUGHT 6 UNITS OF SILVER AT 50 OUNCES PER UNIT. I HAD 300 OUNCES. I SOLD 100 OUNCES YESTERDAY AT A PROFIT. I JUST SOLD 200 OUNCES FOR MORE PROFIT.

DAMN IT I LOVE THIS. THIS IS WONDERFUL

I told you guys i would blow up the system and I tinker with it.

anyway today is FRIDAY and I HAVE A PROFITABLE FIRST WEEK. ALL CLOSED OUT.

The hardest thing for me to do is to sit with a position. It would be a great lesson for me to follow the system. I am going to have to work on that for MONDAY or Sunday Night.

I know I should have sat with the system. But there is a benefit. Now I have some monopoly money in the kitty to work with now if I lose that back I am still even steven. Now I am going to learn my lesson. My plan was to buy back on a drop down. But I will be in pain watching to continue up with me having nothing.

Do not do as I do. This is both wonderful and terrible. I have to get a real account open. This is such fun. With real money I will go crazy.

I have to be honest. It feels great to close out the week with a profit.

‘Nine times out of ten when I see an attractive woman walking down the street, I turn and take another look. Ten times out of ten she does not turn around to check me out.’
Fri, Apr 27, 2012 - 11:47am
Perfidious Albion
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GN Ketamine or

GN Ketamine or Ritalin..

Perhaps both, either will provide effective way of helping you to not get back in till AG has hit S2 if not S3.. And thats Sunday?Monday S2 /S3

Humble newbie listening and learning. A lemming doesn't last long these days..
Fri, Apr 27, 2012 - 12:01pm
worldend666
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Hello Gold Nugget I have the

Hello Gold Nugget

I have the opposite dilemma. I am invested more than I really ought to be and I am looking forward to a bigger upswing in silver. I held on through the dip yesterday more than I should have really. I wouldn't like to have to sit through a retest of 30$.

On the other hand I think it's wrong to exit here. We are on the verge of breaking a loooong downtrend:


Why should we break through this time? Well gold already has:

So what to do? Take some modest profits or stay in over the weekend and go for a payday but risk a restest of 30?

Fri, Apr 27, 2012 - 12:06pm
Rico
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@GN, Please start trading

@GN,

Please start trading your real money acct ASAP...

@666,

Keep an eye on the RSI, before you get too excited...

Fri, Apr 27, 2012 - 12:17pm
worldend666
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Zimbabwe
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Hello Rico Have a look at the

Hello Rico

Have a look at the RSI on the 4 hour chart. We have some way to go. Incidentally some of the best moves come as RSI peaks. Even as the RSI falls price can continue to rise.

Fri, Apr 27, 2012 - 12:18pm (Reply to #22299)
redwood
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Sorry OT

I respect your perspective, but so many could be included in this category. Are you comparing CW to someone like Obama? There are many more parameters that one can judge a man posthumously or not other than whether he promulgated the financial machine.

Einstein also introduced the fundaments for the nuclear bomb. Does that annihilate every other contribution he has made to science? This requires deeper analysis.

Fri, Apr 27, 2012 - 12:44pm (Reply to #22318)
csquared13
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worldend666 wrote: Hello Gold

worldend666 wrote:

Hello Gold Nugget

I have the opposite dilemma. I am invested more than I really ought to be and I am looking forward to a bigger upswing in silver. I held on through the dip yesterday more than I should have really. I wouldn't like to have to sit through a retest of 30$.

On the other hand I think it's wrong to exit here. We are on the verge of breaking a loooong downtrend:


Why should we break through this time? Well gold already has:

So what to do? Take some modest profits or stay in over the weekend and go for a payday but risk a restest of 30?

never hurts to lighten up a bit..doesn't mean you have to unload all of your shares.

“Everybody gets what they want out of the market.” -Ed Seykota
Fri, Apr 27, 2012 - 12:52pm
SilverWealth
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ES

getting into overbought on McClellan oscillator. Sets up another selldown. Volume up here not strong. Miners vulnerable to big sell off in ES mental patient.

Fri, Apr 27, 2012 - 1:04pm
SilverWealth
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Granny LNG and Churchill

LNG broke out again today, 1875 may cap this boner move, who knows? Ultimately its projecting now to 20 area. Only vehicle worth daytrading imo. The rest has most of its move in gap ups and when metals retrace often they fail to bounce.

Regarding Churchill. If one is making a ridiculous comparison between him and Obottom I must ask, "was Churchill gay?"

History is written by the victors and they always write it like the judges in American Idol. Its always presented to the sheeple as a personality sweepstakes thats how it best distracts and diverts attention from the real factors that move history.

What is the FORK reading on this fucking thing now? Where is our resident FORK OPERATOR? I am reequesting a reading now.

Fri, Apr 27, 2012 - 1:13pm
SilverWealth
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LNG

Granny LNG just hit 18.75. So I am out. Will buy the retrace at 38%,50% and 62% fibs intraday until this thing cools down. It wants 19 like a dog in heat wants a fire hydrant. Once at 19 it will move to the big round 20 off the intermediate chart.

all that said it could crater South at anytime for any reason since it is high beta and way above its 200 day. Not for the faint of heart. Reminds me of the Tech stocks of 99' and we all know what happened there.

Fri, Apr 27, 2012 - 1:30pm
worldend666
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Hey, it's the weekend. Closed

Hey, it's the weekend. Closed out so I can enjoy it without worries. Have a great weekend to all, especially those enjoying an extended holiday weekend!

See you next week.

Fri, Apr 27, 2012 - 1:57pm (Reply to #22324)
Denver
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Denver, CO
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FORK

I am not THE FORK OPERATOR, just an amateur lurking wanabe, but here you go:

https://screencast.com/t/Z8gbhSTRt4

Fri, Apr 27, 2012 - 1:59pm
tonym9
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added a 1/2 JAG lotto

added a 1/2 JAG lotto ticket, now dca'd at 3.06 at 1.5 lotto position. Wanted to add earlier but didn't. Prepared to add more if gets below 2.70, but I think I'm content at this level.

still have 51.35 AGQ

any of the miner pros care to opine on JAG? won't hold you to it, just curious and would like alt view. I have been hearing its' siren song as it lulls me to the rocks.

"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, Apr 27, 2012 - 2:00pm
tonym9
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added a 1/2 JAG lotto

dup

"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.