Pailin's Trading Corner

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Wed, Apr 29, 2015 - 11:01am
Scarecrow
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Anyone shorting Silver?

Whose got 'em?

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Anyone?...

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Wed, Apr 29, 2015 - 11:32am
Scarecrow
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Lemmings Short Silver @$16.66 (spreadbet!)

Call me jaded, cynical or whatever but...

I just can't help it!

No limit order on this trade, I see an inverse H&S and I'm shorting it at the neckline.

Could be the bottom is in...

We'll see soon enough!

What'ya got bugs?

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Wed, Apr 29, 2015 - 1:25pm
Scarecrow
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$Gold (Daily)

For what it's worth...

I never saw the triangle.

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Thu, Apr 30, 2015 - 8:28am
Scarecrow
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Stopped out of EUR/USD Short this morning...

Stop was at 11240, so if it goes down from here I'm gonna be quite pissed!

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Thu, Apr 30, 2015 - 9:35am
Scarecrow
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Closed Silver Short @$16.00

200% Profit on that one...

Feel a little less sore about the yourow now.

Trading Silver is totally bonkers!

Anyhoo that's me done for now...

Toodles!

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Thu, Apr 30, 2015 - 1:35pm
pailin
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Congratulations Lemming

Congratulations Lemming :)

EURO has me buggered too, have a few small invoices due and now POP! Bah :(

Not a big thing (the move is costing me -literally- four or five dollars!) but it's the principal of the thing...see I'm not supposed to ever buy EUR on the uptick. That goes against all the basic laws of Nature. Durn it :)

To the intelligent man or woman, life appears infinitely mysterious, but the stupid have an answer for everything. -Edward Abbey
Thu, Apr 30, 2015 - 8:31pm
Cú Chulainn
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Martin Armstrong's movie

has anyone paid to view the Forecaster online and is it worthwhile?

i gather Armstrong is being less public about his forecasts--does anyone pay for his service? any recommendations?

thanks Pailin for this oasis of sanity

Fri, May 1, 2015 - 1:49am Cú Chulainn
z28
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Movie

I saw the movie at the first part of April at a movie house in Pasadena Ca. It was mostly about his problems with the law and did not cover much about the method of his forecasts. I don't pay for his service ,I just read the blog.I paid $5 to see the movie because I am old and there were more people than I thought would be there on Wednesday afternoon.

Fri, May 1, 2015 - 2:05pm
Urban Roman
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Copper rising

Just watching the metals on the finviz heat-map, and while most of them are just going sideways, or down, copper has been rising sharply the last couple days.

Does anyone here know why?

Fri, May 1, 2015 - 3:50pm
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Urban Roman- re:copper

Within an article at ZH (so take it as you will) I read that the Chinese Central Bank has recently been jawboning the potential for more QE sometime soon, and that if true this would translate directly to a renewed new construction market there (which had previously been the biggest market for copper in the world). So with that possibility out there, copper has gotten some new spec money flowing in. No idea if the Chinese cb will actually do this, or is just talking, but the recent bid under copper is pretty clear.

Mon, May 4, 2015 - 2:09am
csquared13
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pretty much cleared sneaker

pretty much cleared sneaker inventory just one pair left. 8.5% profit when all said and done. taking money and running. trying my best to be ready for whatever opportunities present themself.

“Everybody gets what they want out of the market.” -Ed Seykota
Mon, May 4, 2015 - 8:26am
pailin
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inventory management

Yep that's the play, when margins compress, reduce inventory (and look for other richer opportunities).

Now I just need to follow my own advice. Inventory coming in much faster than going out, margins...really good, I guess (still 100% on avg hold 1 year or less) but having to hold longer and not as rich as years past, could be beginning of long term downtrend? (aka...deflation, in spite of capital flight out of EU??)

Anybody keeping up with Armstrong's blog? Recent post on holding physical cash and gold being the same thing was pretty interesting...both are insurance against pure e-money and bank disruptions, failures...but high-risk against (potential, likely?) cashless legislation. Of course in my own world, artwork accomplishes the same thing, but less liquid (and higher, much higher reward...so far :) I'm probably way too concentrated in physical (of all types). Sigh...

To the intelligent man or woman, life appears infinitely mysterious, but the stupid have an answer for everything. -Edward Abbey
Tue, May 5, 2015 - 9:56am
Scarecrow
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New Maund (from yesterday)...

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Thu, May 7, 2015 - 9:07am
Scarecrow
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Since it's the UK election today...

Thought some of you guys might appreciate this!

Video unavailable

As you might have guessed I'm taking everything extremely seriously.

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Thu, May 7, 2015 - 10:40am
Scarecrow
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Was just about to short GBP/USD...

But IG's changed the minimum guaranteed stop distance to 450 pips!!!

For reference on EUR/USD it's 10...

45x increase in the minimum stop distance seems a tad high but WTFDIK?

Way too expensive for me to do what I want with options so i'm stuck on the sidelines.

EDIT:

Ok it's not that much more expensive with options but they're not 24Hr...

And I'm not dead keen on the greeks right now!

GLTA!!!

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Thu, May 7, 2015 - 11:18am
Scarecrow
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Sod it... Lemmings Long 22 May GBPUSD 15150 Puts (spreadbet!)

Yeah... I know.

Still don't understand how the Tories stay in power, had it explained to me but it sounds pretty fragile.

Labour, SNP and Lib Dems still seems most likely to me.

Dollar rally possible...

All I'm looking for is a wobble and it looks like IG's scared.

Plan?

Hopefully I'll be out of this before the greeks become an issue.

EDIT:

It turns out these options are 24Hr...

(Sorry, used to comex ones - my bad.)

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Thu, May 7, 2015 - 11:48am
Scarecrow
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Anyone else noticed the new-look Finviz?

https://finviz.com/futures.ashx

Took a while to get used to but now it's growing on me.

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Sat, May 9, 2015 - 10:00am
Urban Roman
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Well, it clinked nicely.

But it was gone from my pocket on Thursday. So I'm going to stop clinking it.

Found in the sofa cushions (whew) ... just in time for a boating accident :-)

Tue, May 12, 2015 - 11:02am
csquared13
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https://fredblog.stlouisfed.o

https://fredblog.stlouisfed.org/2015/05/labor-force-participation-is-a-t...

Saw this and was reminded of a discussion that was had here..IIRC, P was talking about global supply/demand dynamics of labor/laborers.

“Everybody gets what they want out of the market.” -Ed Seykota
Wed, May 13, 2015 - 8:50am
madcow
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Nintendo is making a nice run

Nintendo is making a nice run (or was, havnt looked today). Timed that one pretty good myself minus that not putting enough dosh into it. >:o

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