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  • #14,181
  • Aug 13, 2014 8:43pm Aug 13, 2014 8:43pm
Quoting weti
{quote} It may be cause for big bullish movement as silver would become more of a "safehaven" than ever before. I think we may see silver above $21.00 very soon
I think you are right. However there is a good chance of seeing 19.50 first.
Money Makes Money
  • #14,182
  • Aug 13, 2014 9:35pm Aug 13, 2014 9:35pm
Quoting nw24x
silver broke last week low 19.74. Price is below 60SMA on 4hr, 1hr , and 5min so 3 ducks favor Selling Silver. Montly candle bearish. So I sold silver at breakdown 19.72.
oh man,i hope you right,it took me a while doing all i can to see whats going on with silver,brother silver didnt break any daily resistance,but the thing is it did find a daily support recently for the past 3 days only,yesterdays support was having a middle over 1989...it was 1988 not a break but im sure it was a support test and it did hold ,todays support is 1976,to keep in shape as the past few days it must close the day with a middle over it ......as in gold a week ago,was suppose to break the daily resistance to be bullish which was 1298....but i bought it before the break coz of the daily support that accured begining of 80s i think you get lucky today if the price( not the middle coz it wont) go under 1976 and its 1983 now,and its major daily resistance 2004
  • #14,183
  • Edited 10:34pm Aug 13, 2014 9:59pm | Edited 10:34pm
due to the involvement with silver numbers,im closing half of my gold positions @1311.3 now to get margin to by silver now @ 1982
  • #14,184
  • Aug 13, 2014 10:03pm Aug 13, 2014 10:03pm
I would like to sell more once price breaches 1317 or around that.. (provided small peak outs are there on VSA)

Net pos: 10 shorts
Hello World!
  • #14,185
  • Aug 13, 2014 10:56pm Aug 13, 2014 10:56pm
I was working and missed a good potential 25 pipper:
Attached Image (click to enlarge)
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #14,186
  • Aug 13, 2014 11:00pm Aug 13, 2014 11:00pm
Good morning people... Good to see gold trading around $1.30 from yesterday's high... Since yesterday PA has been respecting the BB middle & 21ema on the 1H, and price hasn't closed below 21ema since 6 Aug... Still very positive we going to see some more green... Happy trading all...
Itchy Spirit Return This Year: na
  • #14,187
  • Aug 13, 2014 11:18pm Aug 13, 2014 11:18pm
Quoting heispark
I was working and missed a good potential 25 pipper: {image}

hahaha ...thats why i quit working
  • #14,188
  • Aug 13, 2014 11:24pm Aug 13, 2014 11:24pm
Quoting wafiqsalameh
{quote} hahaha ...thats why i quit working
Yes, I envy full-time traders. In 2-3 years, hopefully I will be one of them.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #14,189
  • Aug 13, 2014 11:59pm Aug 13, 2014 11:59pm
Quoting heispark
{quote} Yes, I envy full-time traders. In 2-3 years, hopefully I will be one of them.
Enjoy your work mate, working part time you can make more than full time traders.. depends on your strategy, win rate, capital etc..
Hello World!
  • #14,190
  • Aug 14, 2014 12:31am Aug 14, 2014 12:31am
Quoting ClockTrader
{quote} Enjoy your work mate, working part time you can make more than full time traders.. depends on your strategy, win rate, capital etc..
Don't forget that you got two streaming sources of income right now..
Hello World!
  • #14,191
  • Aug 14, 2014 12:37am Aug 14, 2014 12:37am
the 4hr support was stuck @1303 for few days,moved higher to 1310.43.....,fasten your seatbelts
  • #14,192
  • Aug 14, 2014 12:48am Aug 14, 2014 12:48am
Waiting to see if it breaks the trendline, but that spike south makes me wonder if they cleared out some orders and will charge back down, because spikes tend create a magnet. No direction...just some thoughts.
Attached Image (click to enlarge)
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Shapeshift greed and catch em' off guard
  • #14,193
  • Aug 14, 2014 1:20am Aug 14, 2014 1:20am
Good afternoon everyone!
Closed my 3 shorts from 1308-1309-1310 to 1306 as of yesterday night, didnt hold long enough to ride the downspike.

Quoting heispark
I was working and missed a good potential 25 pipper: {image}
I hear you man.
Working right now, not tooo much time to look at charts, and also not a fan of setting stops.
Just got back from a meeting, wanted to get a short in @ around 1313, but was too late. hopefully it'll come back up just long enough for me to take a shot at it.
By the way, what indi/system are u using? seems to be pretty interesting.
  • #14,194
  • Aug 14, 2014 1:47am Aug 14, 2014 1:47am
Quoting Czaray
Waiting to see if it breaks the trendline, but that spike south makes me wonder if they cleared out some orders and will charge back down, because spikes tend create a magnet. No direction...just some thoughts. {image}

let see
Gold spot Intraday: bullish bias above 1305.

Pivot: 1305

Analysis: Long positions above 1305 with targets @ 1322.7 & 1329 in extension.

Alternative scenario: Below 1305 look for further downside with 1301.5 & 1297 as targets.

Comment: The RSI is mixed to bullish.

http://www.tradingcentral.com/newsletter/spacer10.gif http://www.tradingcentral.com/chart/...0814064059.gif
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced
all times learnning
  • #14,195
  • Aug 14, 2014 1:48am Aug 14, 2014 1:48am
Entered 2 shorts at 1313, TP 1308. Let's see how this plays out.
Planning another short at 1314, using a pending this time round.
Hopefully this is the high of the day according to the flag pattern.
Overall sentiment is up, just looking for a few pips down
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  • #14,196
  • Aug 14, 2014 2:10am Aug 14, 2014 2:10am
you should be on the right track see Attachment.
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  • #14,197
  • Aug 14, 2014 2:16am Aug 14, 2014 2:16am
Morning.
Buy @1312.5 TP 1320
That which does not kill us makes us stronger
  • #14,198
  • Aug 14, 2014 2:17am Aug 14, 2014 2:17am
Quoting Verve
Something else to consider this week is the end of the silver fix, i dont recall what happened to the xau price... i will look into this momentarily. In the meantime... read this: With the withdrawal of Deutsche Bank from the London Silver Fix, the organization is breaking apart. August 14 will be the last day of the silver fix. Some are speculating that the price of silver will jump on August 15. If the silver fix was really fixing the price (which still sounds ridiculous), then maybe prices will adjust accordingly once the manipulators are out...
haha, fixing can go either way. they might be fixing it to go up, so now no more fixing it might just go straight down back to it cost price around 5 ~ 8 dollars per ounce?
  • #14,199
  • Aug 14, 2014 2:21am Aug 14, 2014 2:21am
Please, can you give me an idea why you would by at 1312.5 and take profit at 1320 ????????
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  • #14,200
  • Aug 14, 2014 2:25am Aug 14, 2014 2:25am
My chart simpler than yours
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That which does not kill us makes us stronger
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