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Post by radar on May 15, 2014 7:24:58 GMT -5
Maybe another inside day for metals?
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Post by simonsays on May 15, 2014 7:42:59 GMT -5
Good morning!
Gold getting slammed again I see. More chop I expect.
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Post by simonsays on May 15, 2014 7:48:57 GMT -5
 I t seems like recently the whipping action in metals occurs at NYMEX open. Given the tight range, i'm starting to think that fading these sell offs/rallies is the way to play metals. So a person could go long gold with a stop at 1290.50. Here's kitco's chart that shows the slam at the open. Other days, it's been a hard rally. |
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Post by simonsays on May 15, 2014 7:58:20 GMT -5
Meanwhile, over in BBT land, two experts argue about whose untradable set-up is more favourable.
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Post by radar on May 15, 2014 7:58:53 GMT -5
Maybe another inside day for metals? Well we can throw that scenario out the window! I think today gets bought though. |
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Post by simonsays on May 15, 2014 8:01:21 GMT -5
Maybe another inside day for metals? Well we can throw that scenario out the window! I think today gets bought though. I agree. That seems to fit the current pattern of chop. Edit: so up to 1310 or maybe Platy's target and then back down. |
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Post by radar on May 15, 2014 8:17:58 GMT -5
I agree the fade trade is a viable option right now.... scalped a teeny from the long side on gold.
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Post by simonsays on May 15, 2014 8:36:24 GMT -5
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Post by platy on May 15, 2014 8:48:20 GMT -5
I truly can't stand Gary.
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Post by platy on May 15, 2014 8:53:55 GMT -5
Today is a gold turn date, looks like maybe a low?
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Post by radar on May 15, 2014 9:02:56 GMT -5
Gary was very condescending to his subs. Heis too eegotistical for my liking...not that there is anything wrong with that.
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Post by simonsays on May 15, 2014 9:08:16 GMT -5
I truly can't stand Gary. Lol. I can tell! Since I don't read or follow him anymore, my dis-taste has faded somewhat, although I'm sure it could be rekindled on short notice. For me, I see no difference between Gary and Poly. They are two peas in a pod. Both running a business and neither a serious trader. |
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Post by radar on May 15, 2014 9:10:09 GMT -5
GC back over 1300. We may be in buy the dips mode again.
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Post by radar on May 15, 2014 9:12:22 GMT -5
When I traded with Chris Terry who used to work with LBR.....the entire group was terrific. Real mentors. No question went unanswered and everyone treated with respect. CLASS act.
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Post by simonsays on May 15, 2014 9:18:34 GMT -5
When I traded with Chris Terry who used to work with LBR.....the entire group was terrific. Real mentors. No question went unanswered and everyone treated with respect. CLASS act. That's a healthy environment to trade in. Although there are some good traders at Poly's site, one view keeps getting pounded and eventually other views are driven away. I suspect that the incessant defence of this gold ICL view is the real reason posting has slowed over there. How many times do we need to hear the same thing repeated? Welcome the other views and let it play out. |
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Post by platy on May 15, 2014 9:28:11 GMT -5
The tone is set from the top.
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Post by simonsays on May 15, 2014 9:30:59 GMT -5
The tone is set from the top. A much more concise way to put it! |
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Post by simonsays on May 15, 2014 9:34:03 GMT -5
Very tempting to go flat or short here. I think this action suggests that we will see a more sizeable correction. My vix trade is finally getting some love. Still under water slightly though.
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Post by radar on May 15, 2014 9:47:33 GMT -5
My computers are all in sick bay so I am corresponding via phone (God bless the little bigger). When I get my laptop back I will post a Bollinger band trade that works well in a trading range environment.
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Post by radar on May 15, 2014 9:49:38 GMT -5
P.s. my office computer has my emails and Rjo trading platform working but no webpage access....
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Post by radar on May 15, 2014 11:22:46 GMT -5
Simon, dear. Could you please email the link to this site to me again? Just got one workinglaptop back and iI forgot to ssave site to my favorites. Dutch@montanasky.us
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Post by radar on May 15, 2014 11:23:11 GMT -5
Crap!!! Dutch@montanasky.us
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Post by simonsays on May 15, 2014 12:00:19 GMT -5
Done. Sorry for the delay. I was away from my desk.
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Post by simonsays on May 15, 2014 12:03:31 GMT -5
Done. Sorry for the delay. I was away from my desk. It just bounced back radar. Not sure what happened. Will try again. |
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Post by simonsays on May 15, 2014 12:06:54 GMT -5
It failed again Radar. Please check your address again just to make sure.
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Post by platy on May 15, 2014 12:16:24 GMT -5
It's Dutchk
I emailed here.
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Post by radar on May 15, 2014 12:21:24 GMT -5
Yea! THank you! I finally got here!! Thanks Platy.
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Post by radar on May 15, 2014 12:28:08 GMT -5
Let's see if this a.m.'s lows hold for gold. This action is pretty whipsawed. best to sit on hands. Platy, you show a turn date (minor) for gold today? Then another one on the 19th?
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Post by platy on May 15, 2014 12:32:39 GMT -5
Let's see if this a.m.'s lows hold for gold. This action is pretty whipsawed. best to sit on hands. Platy, you show a turn date (minor) for gold today? Then another one on the 19th? Yes there is one today, but it's actually a pretty important one. The question is, is it a low or did it come a day early as a high? Not clear at all to me. |
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Post by radar on May 15, 2014 12:58:44 GMT -5
ok guys so wrong time of day to be trading metals and I see the stock market is priming itself for "sell in May"....I'm going to go out and chase one of my fat horses around his pasture.  |
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