Pailin's Trading Corner

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Tue, Jun 20, 2017 - 1:03pm
HappyNow
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Thanks Titus

I read Armstrong regularly and have for years although he continues to move his best stuff to the pay model.

This sure as heck sounds grave enough. On the other hand it sounds like any other huckster out there promising 'you DON'T want to miss THIS' hahaha.

I don't have access to his recent track record but always liked the calls that come from his software and data. Depending on the price this is the time to see what he has to sell.

Swing trade indexed ETFs. Long physical gold, silver, and 1 miner.
Tue, Jun 20, 2017 - 3:23pm
HappyNow
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Whoops forgot to say that

  1. Whoops forgot to say that yes, as a follower I've been waiting for MA to make this call as he's been talking it for a long time. As has our own AM in the Setup for the Big Trade - which I also follow.
Swing trade indexed ETFs. Long physical gold, silver, and 1 miner.
Wed, Jun 21, 2017 - 12:17pm HappyNow
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HappyNow wrote: When I look

HappyNow wrote:

When I look at the charts right now I have to work hard (too hard) to make them tell me a story about direction. That's a setup for making the charts tell a story that I already believe (confirmation bias). Still OK with taking the long side here but if it falls yes the next stop is $16.20 ish. That would be OK because I'd be pretty comfortable taking a larger long position then.

Have not picked a team all week. The failed retest of $16.60 didn't look good, but silver is not too eager to move heavy in any direction. I don't know if we will close above $16.60 by Friday... I think it is more likely we see $16.22, then new lows on Monday.

Wed, Jun 21, 2017 - 12:54pm Weasel Tracker
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Yes there's no team to pick

Yes there's no team to pick this week. It looks like the battle for 16.50 is being waged again but this time from the lower side.

I'm sitting on my long for now. Need more bulls to sit with me ;)

Swing trade indexed ETFs. Long physical gold, silver, and 1 miner.
Wed, Jun 21, 2017 - 9:52pm HappyNow
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Looks like silver just pushed

Looks like silver just pushed past $16.60... probably joining you tomorrow!

Thu, Jun 22, 2017 - 4:06pm 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 Weasel Tracker
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 HappyNow
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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 Weasel Tracker
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Nevermind, back to ???

Nevermind, back to ??? LOL

Support broke, and is now resistance again...

Thu, Jun 22, 2017 - 10:28pm Weasel Tracker
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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 HappyNow
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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 Weasel Tracker
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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 HappyNow
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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 Weasel Tracker
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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 HappyNow
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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 Weasel Tracker
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Just an

Mon, Jun 26, 2017 - 12:58am Weasel Tracker
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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 Weasel Tracker
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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.