This is a ratio I follow regularly and has some correlation to Gold's diections/prices.
http://stockcharts.c...id=p64310518613
-tria
Sold out
Started by
tria
, May 17 2015 05:22 PM
26 replies to this topic
#11
tria
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Posted 20 May 2015 - 02:40 AM
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
#12
tria
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Posted 20 May 2015 - 07:48 AM
Trading range ideally today.
If any weakness is seen I will buy the remaining 1/2 of my long position to sell it by Friday's close.
If no weakness is seen, so be it.
Another opportunity to add may be seen late May or early June.
-tria
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
#13
Russ
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Posted 21 May 2015 - 12:07 AM
Trading range ideally today.
If any weakness is seen I will buy the remaining 1/2 of my long position to sell it by Friday's close.
If no weakness is seen, so be it.
Another opportunity to add may be seen late May or early June.
-tria
Hi Tria,
Why are you looking to add if you are expecting the final washout this summer?
Russ
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#14
tria
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Posted 21 May 2015 - 01:01 AM
Russ,Trading range ideally today.
If any weakness is seen I will buy the remaining 1/2 of my long position to sell it by Friday's close.
If no weakness is seen, so be it.
Another opportunity to add may be seen late May or early June.
-tria
Hi Tria,
Why are you looking to add if you are expecting the final washout this summer?
Russ
Short term trading/plays till the potential summer low.
I believe I did say that if any weakness was seen yesterday, I was looking to add but only to sell on any expected strength by week's end. It didn't happen so only 1/2 long still.
-tria
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
#15
tria
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Posted 21 May 2015 - 05:09 AM
Just bought another 1/4th Silver trading position @ $17.15
Now 1/2 long Gold and 3/4ths long Silver.
-tria
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
#16
tria
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Posted 21 May 2015 - 07:47 AM
Big battle before next Tuesday's June Gold futures OPEX.
Very interested to see if the 'fat boys' succeed in eating the premium of the $1,200 call buyers...
-tria
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
#17
tria
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Posted 21 May 2015 - 08:41 AM
An hourly RSI divergence was observed from the 5/19, 5/20 and today's lows.
-tria
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
#18
tria
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Posted 21 May 2015 - 11:36 PM
The OI started acting nicely lately.
Increasing with higher prices and vice versa which is a bullish phenomenon.
With June possible cycle lows, I am still on high alert however.
3/4ths long Silver and 1/2 long Gold.
-tria
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
#19
tria
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Posted 22 May 2015 - 02:19 AM
With the US and most of Europe's mkts closed on Monday it should be fairly quiet unless the big boys play a dirty game in Hong Kong infront of next Tuesday's June futures OPEX.
I only have an order to sell 1/4th of my Silver position at a slightly higher price.
Have a relaxing long weekend all because next week could be tricky/interesting.
-tria
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
#20
tria
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Posted 22 May 2015 - 06:21 AM
Sold 1/4th of my Silver position @ $17.33
1/2 long in both Gold and Silver.
That is the long exposure size that I wish to face next week.
-tria
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
