Pailin's Trading Corner

42422 posts / 0 new
Last post
Wed, Jul 18, 2012 - 3:29pm
Titus Andronicus
Offline
Joined: Jun 14, 2011
1165
4537

Wednesday is often a <bleep> day for me.

I closed out my trades last night and sat out today. Wednesday is pretty consistently the least profitable day for me -- sometimes up, sometimes down, but usually not worth the trouble in the end.

Thursday/Friday action over the recent past has been Thursday down / Friday up, with most of the move occurring during EU hours (before the NYSE open).

I'm debating just dropping everything and going hunting for a couple days. My mind is getting a bit exhausted from the all the computer work and trading over the last couple weeks. The pressure of trading is quite a bit different from the pressure of other jobs -- and the gold market is a non-stop market.

Wed, Jul 18, 2012 - 3:32pm
Vypuero
Offline
-
Philadephia, PA
Joined: Jun 14, 2011
1111
3999

trends

Yes. Possibilities:

Break UP

Break Down

Fake-out either way, followed by reversal.

I favor the break down fake-out and reversal, but who knows?

Best strategy may be call/put spread. Sell one on a big move, then hold the other in case it reverses. Need a big move for that to work. Reversal is better but timing would be very tough to execute. Still, if you sell one for a net profit you could hold.

Wed, Jul 18, 2012 - 3:54pm (Reply to #25511)
sixdollarsilver
Offline
Joined: Sep 26, 2011
833
1576

Trends

Vypuero wrote:

Fake-out either way, followed by reversal.

Sounds about right... and then the other way a couple of days later for good measure.

Maybe this is what the Mayans were on about. We don't actually all die, it's just that everything becomes pointless and banal. I get the feeling that's how you're all feeling in the US of A about your upcoming *election*.

A good example of banality down here in NZ is that we have offered to loan the IMF roughly 1% of our piddly GDP by borrowing from international markets at a higher rate . F**king geniuses these politicians, I tell you.

Wed, Jul 18, 2012 - 4:12pm
Dagney Taggart
Offline
-
Canada
Joined: Jun 21, 2012
1436
10908

$XAU

closed below support line.

@sixdollar and Vyp: pretty soon those moves will be so fast we won't see them and PM price for the day will be like a lottery. No more heartbeats and pulses, only ataris.

-There is no difference between democracy and communism when the majority are unproductive.
Wed, Jul 18, 2012 - 4:32pm
pailin
Offline
Joined: Jun 14, 2011
4313
15417

Still bored. Back to Netflix.

Still bored. Back to Netflix.

To the intelligent man or woman, life appears infinitely mysterious, but the stupid have an answer for everything. -Edward Abbey
Wed, Jul 18, 2012 - 4:57pm
l'idiot du village
Offline
-
Eiffel Tower
Jersey
Joined: Jun 15, 2011
533
742

Trading Methods

Have been doing much better lately. Things improved once I started going long and short without any qualms, and realised that in trading terms, currencies, metals and energy are pretty much all just the same sh!t. I am just waiting for very oversold or overbought RSI's, then if things move against me, I just double, then double again if it gets worse. So far just been catching knives and a few swords. One day a sword will turn into a piano and my methods will be proven unsound. Only a fool tries catching a falling piano imo Still, it beats messing with stocks like atac resources. I think if they find they have more gold than Nevada, Then the shares will just kiss the upper bollinger for a split second or 2...

Wed, Jul 18, 2012 - 5:17pm
sixdollarsilver
Offline
Joined: Sep 26, 2011
833
1576

Come now, Pailin

Even my granny knows only boring people get bored :)

Nazis at the centre of the earth - classic!

Wed, Jul 18, 2012 - 5:18pm (Reply to #25514)
TPaine
Offline
-
Nunya
Joined: Jul 18, 2011
152
413

try Goon...

try Goon... one of the better one's I've seen on netflix recently.

(I'm not a nimble day-trader. Cash account, no margin and settlement periods makes swing trading more my style)
Wed, Jul 18, 2012 - 6:16pm (Reply to #25514)
hhesse
Offline
Joined: Jun 16, 2011
235
273

@ pailin

dup

Wed, Jul 18, 2012 - 6:17pm (Reply to #25514)
hhesse
Offline
Joined: Jun 16, 2011
235
273

@ pailin

have not seen that one.

but "red snow" was good, well entertaining

Red Snow Movie Download Full Movie

Red Snow movie download

Download Red Snow

i did not download it here. so be careful

Thu, Jul 19, 2012 - 12:18am
Gold Nugget
Offline
-
Klondike, AK
Joined: Jun 15, 2011
243
434

Kevin Haggarty Article

If someone is interested in a very profitable day trading method read this for free. it follows the dollar index and the spx or sp500 and other things. These guys are definitely professional traders. They know how to make profits. You might get some good ideas. Some people here will definitely benefit from this free article.

The author was the head of trading at Fidelity. Probably the biggest in the business. He now does Trading Research for TradingMarkets.com and publishes and sells his results for big money. What he does is computerize his results and give you a custom portfolio on his computer for a monthly fee. You need a large portfolio to afford the luxury. But you can trade the ideas on your own.

https://tinyurl.com/7n94k9p

‘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.’
Thu, Jul 19, 2012 - 6:05am
pailin
Offline
Joined: Jun 14, 2011
4313
15417

Daily Pivot Points

Thanks for the movie recommends guys :)

Daily XAU/USD
High 1586.40
Low 1567.64
Close 1573.25
R3 1602.64
R2 1594.52
R1 1583.88
Pivot 1575.76
S1 1565.12
S2 1557.00
S3 1546.36
Weekly XAU/USD
High 1601.64
Low 1554.75
Close 1589.31
R3 1655.94
R2 1628.79
R1 1609.05
Pivot 1581.90
S1 1562.16
S2 1535.01
S3 1515.27
Monthly XAU/USD
High 1641.23
Low 1544.61
Close 1597.36
R3 1740.81
R2 1691.02
R1 1644.19
Pivot 1594.40
S1 1547.57
S2 1497.78
S3 1450.95
Daily XAG/USD
High 27.420
Low 26.896
Close 27.156
R3 27.942
R2 27.681
R1 27.418
Pivot 27.157
S1 26.894
S2 26.633
S3 26.370
Weekly XAG/USD
High 27.611
Low 26.462
Close 27.303
R3 28.937
R2 28.274
R1 27.788
Pivot 27.125
S1 26.639
S2 25.976
S3 25.490
Monthly XAG/USD
High 29.922
Low 26.116
Close 27.477
R3 33.366
R2 31.644
R1 29.560
Pivot 27.838
S1 25.754
S2 24.032
S3 21.948
Daily EUR/USD
High 1.23072
Low 1.22162
Close 1.22827
R3 1.24122
R2 1.23597
R1 1.23212
Pivot 1.22687
S1 1.22302
S2 1.21777
S3 1.21392
Weekly EUR/USD
High 1.23348
Low 1.21617
Close 1.22484
R3 1.25080
R2 1.24214
R1 1.23349
Pivot 1.22483
S1 1.21618
S2 1.20752
S3 1.19887
Monthly EUR/USD
High 1.27488
Low 1.22877
Close 1.26602
R3 1.33046
R2 1.30267
R1 1.28435
Pivot 1.25656
S1 1.23824
S2 1.21045
S3 1.19213
To the intelligent man or woman, life appears infinitely mysterious, but the stupid have an answer for everything. -Edward Abbey
Thu, Jul 19, 2012 - 9:41am
Rico
Offline
Joined: Jun 14, 2011
1901
6337

Grain rave in full swing now,

Grain rave in full swing now, complete with Wicker Man, hospitality bowls full of Ecstasy, and a special guest appearance by Moby...

Personally, I just jumped down, spun around, and picked some bales o' cotton (the "new corn")

Thu, Jul 19, 2012 - 10:48am
Rico
Offline
Joined: Jun 14, 2011
1901
6337

Add:  was waiting to see what

Add: was waiting to see what would happen on the floor open. Fireworks up and down the 'modities today! Bought another bean contract on the beatdown (beandown?). Also remain long NG and CT.

Thu, Jul 19, 2012 - 1:36pm
SilverWealth
Offline
-
Rectal Springs, CA
Joined: Jun 14, 2011
3873
15406

the Borg

Introducing the anatomy of The Borg, -

https://www.hftalert.com/july132012.htm

Thu, Jul 19, 2012 - 2:34pm (Reply to #25524)
Rico
Offline
Joined: Jun 14, 2011
1901
6337

SilverWealth

SilverWealth wrote:

Introducing the anatomy of The Borg, -

https://www.hftalert.com/july132012.htm

Nice contribution!

Thu, Jul 19, 2012 - 3:05pm
BlackHawk
Offline
-
Truman Lake, MO
Joined: Jun 15, 2011
1456
3888

The Other Gold

Just doubled down on CORN at the comex close (I think that's the timing), when it took a dive to 48.69. Woohoo! Who knows??

Thu, Jul 19, 2012 - 4:09pm
SilverWealth
Offline
-
Rectal Springs, CA
Joined: Jun 14, 2011
3873
15406

no positions

No positions amounting to much overnight. Market feels toppy but could crawl higher. Corn put in a very ominous red engulfing candle on the daily. For real speculators it could be a short signal imo, its very high.

I know the Titus long metal trade is overnight, I will decide a little later. Gold is untradeable by the chart since all the spikes are phony. Only way to buy it is to average down and they know that pros don't like to do that, its not textbook. But you cannot buy breakouts or spike highs in gold, mostly they are Algo stop sweeps of shorts and fake bids to get the bugs excited before they are baked. Just a lousy trade. I am sorry to see it. It makes me sad to see the gaming and manipuation. I am sorry to see such a shitty market in something I respect but it says "technical traders stay out!" all over it.

Thu, Jul 19, 2012 - 4:51pm
Vypuero
Offline
-
Philadephia, PA
Joined: Jun 14, 2011
1111
3999

Looking at APC

After a recent run up, Anadarko looks like it is ready for a pull back I may short it tomorrow.

re/Corn - I think the prices on some of those puts are cheap, even as insurance they may be worth getting.

Thu, Jul 19, 2012 - 4:52pm
redwood
Offline
Joined: Aug 9, 2011
5309
10895

Tough day to trade, no gain,

Tough day to trade, no gain, no loss. Not our usual Thursday so why it would it be a usual Friday tomorrow. I remain flat and will see what happens tomorrow. Interesting how silver was given a floor yesterday and didn't drop below today. Saved my trading.

randomness