chart link
There is strength in the BB band width, and the MFI suggests room to move. I also like the 17 week cycle being neutral. Targets ~35 & maybe 48 if the news falls in behind the technicals. Use trailing stops. Watch for the initial move and pull back before you take the trade.
Remember, I am a silver bug and I have been wrong. Oh you noticed?
Best, Islander
silver move?
Started by
Islander
, Jan 14 2012 11:55 AM
4 replies to this topic
#2
dharma
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Posted 14 January 2012 - 01:58 PM
the parallel channel from the highs is a bullish pattern. we have @times all been wrong. the short term stuff is for the smart guys. the money is made by being w/the trend until into the parabolic. i am not a silver buff or bug. but, i do think this is going substantially higher in dollar terms.chart link
There is strength in the BB band width, and the MFI suggests room to move. I also like the 17 week cycle being neutral. Targets ~35 & maybe 48 if the news falls in behind the technicals. Use trailing stops. Watch for the initial move and pull back before you take the trade.
Remember, I am a silver bug and I have been wrong. Oh you noticed?
Best, Islander
dharma
#3
diogenes227
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Posted 15 January 2012 - 10:48 AM
Lots of red lines since the parabolic blow off on the daily last spring...
Nice bounce going on with a potential short term double bottom, but the daily trend still looks down to me...
Good luck and good trading.
http://stockcharts.com/c-sc/sc?s=$SILVER&p=D&yr=3&mn=10&dy=0&i=p18015852308&a=236101473&r=5924.png
Nice bounce going on with a potential short term double bottom, but the daily trend still looks down to me...
Good luck and good trading.
http://stockcharts.com/c-sc/sc?s=$SILVER&p=D&yr=3&mn=10&dy=0&i=p18015852308&a=236101473&r=5924.png
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#4
dougie
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Posted 15 January 2012 - 08:07 PM
that was the view that made me add zsl hedge friday AM
I wont overstay my welcome and it could go fast
#5
diogenes227
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Posted 24 January 2012 - 01:24 PM
Drive me crazy sometimes but every time ZSL drops below 12, I'm in. Stop is under 11.
Good luck and good trading.
http://stockcharts.c...1729&r=7779.png
Good luck and good trading.
http://stockcharts.c...1729&r=7779.png
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
