Would like it close to the 38 stop or with a down candle on higher volume... If I'm wrong, I want the stop really tight. Dangerous stuff on either side of the trade after the parabolic break, but when the massive overhead supply realizes it's not going back up there to break them even (if it isn't?), it's could be crushing.
http://stockcharts.c...1680&r=9500.png
Searching for the silver short
Started by
diogenes227
, May 27 2011 09:24 AM
20 replies to this topic
#1
diogenes227
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Posted 27 May 2011 - 09:24 AM
"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."
#2
diogenes227
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Posted 31 May 2011 - 10:46 AM
Nibbling short side for a day trade. For now. Maybe more later.
"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."
#3
SemiBizz
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Volume Dynamics Specialist
Posted 31 May 2011 - 10:57 AM
It filled first gap today, that's not a sign of weakness. (SLV)
2nd Gap overhead at 38.27.
Volume declined off the high this morning
Instead of accelerating, which would reinforce your bearish position.
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#4
SemiBizz
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Posted 31 May 2011 - 10:59 AM
Heh...
Volume just ACCELERATED...
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#5
SemiBizz
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Posted 31 May 2011 - 11:05 AM
July Silver can easily pullback under 37 here and still be in just a consolidation.
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#6
diogenes227
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Posted 31 May 2011 - 11:11 AM
Semi,
Thanks for those posts. Much appreciated.
"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."
#7
diogenes227
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Posted 31 May 2011 - 02:59 PM
Closed for martini money.
"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."
#8
diogenes227
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Posted 01 June 2011 - 12:24 PM
Try, try again.
"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."
#9
dougie
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Posted 01 June 2011 - 01:25 PM
think there is one more high in here after some st wekaness
#10
diogenes227
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Posted 02 June 2011 - 10:57 AM
Took profits on half.
Tightened stop on the rest to better than break even.
"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."
