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Post by simonsays on May 12, 2014 7:09:06 GMT -5
Nice call on gold there Radar. i hope you're still in your trade.
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Post by simonsays on May 12, 2014 8:40:02 GMT -5
Good news for BAR.TO. Huge drill result, up 20% on the day. I will probably sell my shares into this and rebuy later.
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Post by simonsays on May 12, 2014 8:46:24 GMT -5
Duplicate post
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Post by simonsays on May 12, 2014 8:51:52 GMT -5
Cameco back above the 200 DMA. If this reversal holds, I will buy it later today.
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Post by radar on May 12, 2014 9:29:44 GMT -5
I'm still in both! We need some continuation (after some consolidation) I think....but maybe this is for real. And if it's not, risk is still low....
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Post by platy on May 12, 2014 9:44:56 GMT -5
Stupid SPX will just not go down!
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Post by simonsays on May 12, 2014 9:47:21 GMT -5
Sure is being stubborn. I am opening a short on NQ if it gets filled. HQD @ 8.20. Probably a day trade, stop @ 8.10.
edit: tsx btw. All my tickers are tsx unless noted fyi.
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Post by simonsays on May 12, 2014 9:48:51 GMT -5
It just filled.
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Post by platy on May 12, 2014 9:52:52 GMT -5
Great timing Simon!
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Post by simonsays on May 12, 2014 10:30:18 GMT -5
Dang dang dang. I accidentally posted on BBT when I meent to post here. Lol.
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Post by simonsays on May 12, 2014 10:39:11 GMT -5
Anyway, I notice that the VIX is at its' lowest levels since January.
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Post by radar on May 12, 2014 10:48:03 GMT -5
At some point the price of gold and silver is going to continue to rise. right now both are in trading ranges. Aren't we in the timing band for a low? Platy, could last night/this morning be the "bottom" your planets projected for last Friday?
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Post by simonsays on May 12, 2014 10:51:45 GMT -5
I wonder if we could continue in this range until late June and then slam down into the big turn date.
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Post by radar on May 12, 2014 11:00:06 GMT -5
If gold takes out 1332 and silver 19.95 I think the "slam" chances are less and less.
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Post by simonsays on May 12, 2014 11:08:34 GMT -5
If gold takes out 1332 and silver 19.95 I think the "slam" chances are less and less. Definitely. Personally, I do not think cycles are providing any trading edge at the moment. My limited experience suggests that they are much more useful in trending markets. With all the chop we have at present I think it's much easier to day trade or hold for perhaps a couple days at most. I like how Sophia is playing things at the moment. |
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Post by radar on May 12, 2014 11:28:46 GMT -5
That's why I'm using some other "techniques" for trading (other than cycles)
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Post by simonsays on May 12, 2014 11:39:51 GMT -5
That's why I'm using some other "techniques" for trading (other than cycles) Yup, me too. But a surprising number of folks still seem to being hanging their hats on it. |
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Post by radar on May 12, 2014 12:37:33 GMT -5
Simon - Platy - Radar: Larry, Moe, Curley
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Post by radar on May 12, 2014 12:49:25 GMT -5
A-B-C-D correction down 15 min silver. should have another push up...maybe new HOD
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Post by radar on May 12, 2014 13:14:48 GMT -5
I'd invite more people to join us but I don't know anyone nor have any friends who trade. Most of my friends/acquaintances don't have any idea what I do.....
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Post by platy on May 12, 2014 13:23:21 GMT -5
At some point the price of gold and silver is going to continue to rise. right now both are in trading ranges. Aren't we in the timing band for a low? Platy, could last night/this morning be the "bottom" your planets projected for last Friday? Yes that's what I think is happening. |
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Post by simonsays on May 12, 2014 13:26:41 GMT -5
I'd invite more people to join us but I don't know anyone nor have any friends who trade. Most of my friends/acquaintances don't have any idea what I do..... That's ok Radar. My situation is similar. Very few people actually trade for a living. I'd invite a few folks from BBT but I don't really feel like stirring things up over there. I figure if someone ever asks me where I went or is looking for somewhere else to post I'd direct them here but otherwise I'm not going to push anything. There's no cost to this place so if other people join great, if not, no big deal. I just needed a change of scenery more than anything....... |
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Post by simonsays on May 12, 2014 13:29:00 GMT -5
At some point the price of gold and silver is going to continue to rise. right now both are in trading ranges. Aren't we in the timing band for a low? Platy, could last night/this morning be the "bottom" your planets projected for last Friday? Yes that's what I think is happening. That would be great if it happens. Meanwhile, my HUV trade from Friday is getting hammered and may not survive the day. |
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