I am a master trader! LOL
I jumped out at a good time. I'm going to jump into DSLV tomorrow if this downside momentum continues. Monday mornings are always a doozy, and I am expecting to see those flash crash lows again (at a minimum)
So looking at my charts, I'm expecting price to catch around $15.55... Watching that price closely for my next trade. Here is what I saw in the price movements the past couple days...
Yes you made the right move!
Jumped back in long a few cents cheaper lol. Hoping for a good trading day on Monday
I wondered if you would bite. In my humble opinion as well the signs point up now.
This morning's price drop looks like a confirmation of support. Holding the long position for now...
As of right now, it looks like 16.00 is probable. PMs just don't seem too enthusiastic to go up right now
The area of $16.20 -16.40 is always a tough spot. I had a sell point yesterday thinking to hop off/hop on cheaper but missed by a hair. Still long.
Sold my new long position. While price keeps getting higher, silver keeps breaking through trading channel support. Maybe I can get cheaper prices tomorrow, though still not convinced I am fully bullish. Especially given this weakness in channel support
Yes, dang it the daily high keeps happening when I'm tied up and can't trade. A dip is due.
I think so as well. I'm getting my funds ready for the possibility of a short to $14.00
Just shorted CL at 1246.7 and will sell more above. Bessy looks overbought in the short term.
EDIT- Out for a buck. Thanks for playing you Central Bankers!
Sold a tranche of long at Ag=16.40
Hope it works out so you can change some Fiat* for some real money.
* Fiat- rusty old POS cars that break down and then collapse.
Nice trade happy. The support test I was expecting yesterday, happened today and 10 cents higher. I've got an ugly feeling this is the top for now, so I held off from trading today and perhaps tomorrow. I'll see where we are at on Monday...
16.445 with more sells above. Looks a tad overbough short term.
EDIT- Hit em again at .445
EDIT- Have sell in on GC at 1250 even.
EDIT- Hit the bid on more silver.
Covered the gold for a buck.
16.39 bid to cover the SI.
Selling more AG.
Selling gold at 51.1. <- More offered at 1252.10
Siver bid now 16.43 to cover.
Once again I thank those forces of evil for handing over their hard stolen gains!
... short term futures traders here?
I usually trade two or three days a week and have been sorta successful.
Just wonder if there is any interest.
PS- Sometimes when things are blowing up I become an "investor"!!
Looking for silver to close in the low $16.40s, and then we get a crash Sunday night/Monday morning, leading to my bearish scenario.