Jump to content



Photo

we either have a wave 1 of a new bull market or more backing and filling


  • Please log in to reply
6640 replies to this topic

#41 K Wave

K Wave

    Member

  • Traders-Talk User
  • 27,550 posts

Posted 11 January 2023 - 01:00 PM

PL gettin' "The Look" after the big round number throwover...

 


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#42 senorBS

senorBS

    Member

  • TT Member+
  • 10,976 posts

Posted 11 January 2023 - 02:24 PM

Looks like we may finally see those 22 handles on Silver...

 

The we watch what happens at hourly line

 

IF....it holds, and Silver then takes out 24, then bulls could have something...

 

But, failure at the hourly could lead to bigger things downside...

 

we could get a significant correction at any time, if it comes from this area then one just buys more IMO, what's so complex unless one is a micro short term trader?

 

Senor



#43 dharma

dharma

    Member

  • Traders-Talk User
  • 9,629 posts

Posted 11 January 2023 - 02:56 PM

wave 2s tend to be deep and make traders lose hope.   so it sounds simple buy the correction , it will not be so easy

dharma



#44 dougie

dougie

    Member

  • Traders-Talk User
  • 9,085 posts

Posted 11 January 2023 - 02:56 PM

 

As senor says looks like we have 5 waves up. was that a C up or a 1?

seriously?

 

Senor

 

yes



#45 Smithy

Smithy

    Member

  • Traders-Talk User
  • 2,306 posts

Posted 12 January 2023 - 07:06 AM

1-12-22-flaf.jpg



#46 K Wave

K Wave

    Member

  • Traders-Talk User
  • 27,550 posts

Posted 12 January 2023 - 08:36 AM

This is probably Silver's best crack at breaking 24...see if they can do it....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#47 senorBS

senorBS

    Member

  • TT Member+
  • 10,976 posts

Posted 12 January 2023 - 08:43 AM

wave 2s tend to be deep and make traders lose hope.   so it sounds simple buy the correction , it will not be so easy

dharma

keep in mind we are in a much larger degree wave 3 higher IMO, the awful/larger degree wave 2 has ended last year in Sep, hence I would not expect any "deep" corrections within this large wave THREE move higher, my dos centavos

 

as a morning like today shows (so far) - if one has exited thinking a correction is coming where does one re-enter? This is a key characteristic of a large wave 3

 

Senor


Edited by senorBS, 12 January 2023 - 08:47 AM.


#48 linrom1

linrom1

    Member

  • Traders-Talk User
  • 4,062 posts

Posted 12 January 2023 - 09:15 AM

Same playbook with DXY and metals on CPI and FOMC days. SI is the most manipulated POS in the world, it makes FTX look respectable. Why is DXY crashing today? I shorted SI.



#49 linrom1

linrom1

    Member

  • Traders-Talk User
  • 4,062 posts

Posted 12 January 2023 - 09:51 AM

Same playbook with DXY and metals on CPI and FOMC days. SI is the most manipulated POS in the world, it makes FTX look respectable. Why is DXY crashing today? I shorted SI.

Covered.



#50 K Wave

K Wave

    Member

  • Traders-Talk User
  • 27,550 posts

Posted 12 January 2023 - 09:52 AM

And yet another epic failure on Silver at 24.

Mr Market may be trying to tell us something...

The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy