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  • #14,021
  • Aug 12, 2014 10:03am Aug 12, 2014 10:03am
Quoting Mr.Kane
{quote} Curious .... So, when is the best time to hedge ? symmetrical triangle ? rectangle ?
Best time would be above a clean peak out on VSA-H1
Hello World!
  • #14,022
  • Aug 12, 2014 10:04am Aug 12, 2014 10:04am
Quoting Verve
{quote} my bad lol yes i meant well done chap silver and gold not in sync, someone forgetting to hit the refresh button down in chicago. The patterns are all different, anyways seems xag is in a wedge, however in downtrend on a few time frames where as gold is in uptrend on almost all time frames {image}
Yah being watching for a silver break that never came... silver comes second again.
As the lights go by so too do the shadows move
  • #14,023
  • Aug 12, 2014 10:08am Aug 12, 2014 10:08am
this hour to 1316.11 then hopefully down
  • #14,024
  • Aug 12, 2014 10:15am Aug 12, 2014 10:15am
around 1313 reloading longs
  • #14,025
  • Aug 12, 2014 10:21am Aug 12, 2014 10:21am
Imo it looks like PA has reached a demand zone and should hold this level. The 4hr Fib (previously mentioned) level is at 1320.7 (23.6) that hasn't been reached yet. For a full pullback from here would be a bearish sign imo, but I do have an important resistance TL (currently at 1317.3) that could take an hour or two to break.
As the lights go by so too do the shadows move
  • #14,026
  • Aug 12, 2014 10:51am Aug 12, 2014 10:51am
Quoting Matts Micro
Imo it looks like PA has reached a demand zone and should hold this level. The 4hr Fib (previously mentioned) level is at 1320.7 (23.6) that hasn't been reached yet. For a full pullback from here would be a bearish sign imo, but I do have an important resistance TL (currently at 1317.3) that could take an hour or two to break.
The current bullish wave may continue till London morning at least, at least its effectiveness and nature..

then some correction.. if I'm not wrong.
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  • #14,027
  • Aug 12, 2014 10:54am Aug 12, 2014 10:54am
Added 2 more shorts @ 1315
Net: 10 shorts now

Time to call it a day.

Logic Repeat: ..

PS: I was a little impulsive in opening first set of naked shorts today (not wrong on a broad level though), lucky to see peak-outs on M15 and M30

Quoting ClockTrader
Added 2 more shorts @ 1316 Net: 8 shorts now Logic: Nice 2 x peak outs on VSA-M15, not bad 2 x peak outs on M30, this may not be enough to bring price down, but I don't expect gigantic price shoots during the remainder week, bullish may carry on, but not aggressive Bulls anymore unless I'm wrong. PS: Closed most of the Green contracts, can't hedge there. So, been taking profit. Only residual long contracts left.
Hello World!
  • #14,028
  • Aug 12, 2014 11:02am Aug 12, 2014 11:02am
Quoting ClockTrader
{quote} The current bullish wave may continue till London morning at least, at least its effectiveness and nature.. then some correction.. if I'm not wrong.
yah, the correction will come, the question is whether it will be sooner or later. We can only go with the probabilities and be prepare for failure.

Perhaps it might be Silvers time to shine
As the lights go by so too do the shadows move
  • #14,029
  • Aug 12, 2014 11:12am Aug 12, 2014 11:12am
best price to go long for 6 hrs from now 1313.4 bid price
  • #14,030
  • Aug 12, 2014 11:13am Aug 12, 2014 11:13am
Quoting ClockTrader
{quote} The current bullish wave may continue till London morning at least, at least its effectiveness and nature.. then some correction.. if I'm not wrong.
hahaha,tomoorow is more up.
all times learnning
  • #14,031
  • Aug 12, 2014 11:22am Aug 12, 2014 11:22am
if silver give us a clear break of 2014 tommorow,i think will see 20.80,i wonder where gold will be at that moment
  • #14,032
  • Aug 12, 2014 11:24am Aug 12, 2014 11:24am
Quoting verdisol
{quote} hahaha,tomoorow is more up.
There is much PA to work through (blue box) and could be more sidewards. However imo the daily BO is still in effect and has had its pullback so could break through quicker than norm.
Attached Image (click to enlarge)
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As the lights go by so too do the shadows move
  • #14,033
  • Aug 12, 2014 11:41am Aug 12, 2014 11:41am
Gold will go down to 1302 shortly
  • #14,034
  • Aug 12, 2014 11:44am Aug 12, 2014 11:44am
Quoting Matts Micro
{quote} There is much PA to work through (blue box) and could be more sidewards. However imo the daily BO is still in effect and has had its pullback so could break through quicker than norm. {image}

at the moment 1314.13 dodji spin on top close for the day
m.a.s 200- 1310
m.a.s 50- 1300
b.b.s 2.10-1318.11+1310.00 as limit short for the next 4 hours
i can be wrong but can some help here..
all times learnning
  • #14,035
  • Aug 12, 2014 12:22pm Aug 12, 2014 12:22pm
will 1308 hold!!
  • #14,036
  • Aug 12, 2014 12:32pm Aug 12, 2014 12:32pm
it bouncd right from the nk line dont think it will hold
Attached Image (click to enlarge)
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Senior Trader Multi-Account Manager
  • #14,037
  • Aug 12, 2014 12:38pm Aug 12, 2014 12:38pm
next 4hr it will move to 1308 and 22 sma on 5 min. chart,if the price doesnt the average must stop this crap
  • #14,038
  • Aug 12, 2014 12:38pm Aug 12, 2014 12:38pm
a break of 1307.80 will open 1302 and 1295 go go bears lol
Senior Trader Multi-Account Manager
  • #14,039
  • Aug 12, 2014 12:41pm Aug 12, 2014 12:41pm
I think they got what they wanted, stop out some positions. or Lorix could be right and the geos are not convincing more long positions
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  • #14,040
  • Aug 12, 2014 12:43pm Aug 12, 2014 12:43pm
this is how they do it,if dont know exactly where the numbers are so to get panic and close hahaha
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