Pailin's Trading Corner

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Tue, Jun 27, 2017 - 6:56am HappyNow
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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 http://www.greenhobbymodel.com/rhythmnprice.html This analysis - global markets
Tue, Jun 27, 2017 - 11:06am argentus maximus
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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
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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.
Wed, Jun 28, 2017 - 11:44am
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Duplicate

..

Swing trade indexed ETFs. Long physical gold, silver, and 1 miner.
Wed, Jun 28, 2017 - 11:47am
HappyNow
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Duplicate

..

Swing trade indexed ETFs. Long physical gold, silver, and 1 miner.
Thu, Jun 29, 2017 - 1:50pm HappyNow
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Got out with a very small

Got out with a very small profit after seeing silver refuse to increase in price this morning. Looks like we may see a weekly close below $16.60 which makes the weekly chart look very bearish

Still hungry for $13.50 silver!

Thu, Jun 29, 2017 - 3:23pm
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lol I bought my long back

lol I bought my long back when $16.60 met just now. This has been workin for me so I'll rinse and repeat.

Weasel you did nicely on your trade to pocket it while up and with the signals still definitely mixed. That was me yesterday and today I'm back in.

A breach here would be really bad for the technicals. Hope it doesn't happen overnight when I can't trade. I will acknowledge that I'm paying very close attention to AM's work in the Setup thread and $16.30 is the violation point to me.

Swing trade indexed ETFs. Long physical gold, silver, and 1 miner.
Thu, Jun 29, 2017 - 3:54pm HappyNow
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I guess we will figure out in

I guess we will figure out in the next hour as this pennant clears. No guesses on my end.

Fri, Jun 30, 2017 - 3:57pm Weasel Tracker
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Reverse head and shoulders play

Bought into USLV today with a hopeful exit higher on Monday...

Fri, Jun 30, 2017 - 11:09pm
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We're on the same page but a

We're on the same page but a day out of sync. It works out the same given the sideways grind.

For what it's worth I had an open order in the am to buy another tranche if it hit 16.50 and all day a sell of one of the two I have at 16.80. Neither happened. I saw your post about a possible $16.90 and crash,...totally viable proposal today. That's why my buy was only open in the morning but the sell ready all day.

Happy that month end is behind us but still there's no chart that shouts up up and away to me.

Swing trade indexed ETFs. Long physical gold, silver, and 1 miner.
Fri, Jun 30, 2017 - 11:58pm HappyNow
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Yeah that after hours trading

Yeah that after hours trading looked pretty ugly again, but it didn't seem to have much affect on Sunday's open last weekend. Hoping for the best!

Mon, Jul 3, 2017 - 7:33am Weasel Tracker
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Yep, misread the chart. I

Yep, misread the chart. I should have not tried to play that short-term burst... I think it's only going to drop harder from here as well. Switching to the short now I think... I guess it's possible I get to see my $13.50 silver price again!

Mon, Jul 3, 2017 - 10:59am
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Hotshot here failed to note

Hotshot here failed to note markets in Canada are closed today. No trades for me so I sit on my long. Had thought about the 4th and futures but not the local holiday that fell on the weekend and will take today in lieu. Whoops.

16.30 has been taken out so this whole sideways grind can now see direction.

$13.50, maybe.

Swing trade indexed ETFs. Long physical gold, silver, and 1 miner.
Mon, Jul 3, 2017 - 6:53pm
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Weasel were you able to get

Weasel were you able to get in at a decent price? Most of the action happened as it usually does just at the opening of NYSE hours. Always tricky when volume is thin. I am still not convinced of the short going far.

Swing trade indexed ETFs. Long physical gold, silver, and 1 miner.
Tue, Jul 4, 2017 - 12:57pm HappyNow
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Nah still holding. I have

Nah still holding. I have some Obama level hope that we retest $16.50, before/if $16.00 breaks. If 16.00 breaks in the next two days, then I guess I'll eat dirt!

Tue, Jul 4, 2017 - 9:51pm
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I had an order on the long

I had an order on the long side but was in meetings and not able to get it to match (I don't like market orders).

Swing trade indexed ETFs. Long physical gold, silver, and 1 miner.
Wed, Jul 5, 2017 - 6:08am HappyNow
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Eating dirt!

Eating dirt!

Wed, Jul 5, 2017 - 6:47am Weasel Tracker
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So I have $15.70 as this

So I have $15.70 as this week's support. Probably hold until I can try to get out just shy of $16.00 on the bounce Thursday or Friday. Don't think I'll see $15.90s at market open...

I had a sell order in at a limit price that was just shy of happening. I should have sold market! Oh well!

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