JP Morgan couldn't deliver Silver to the Comex Vault so they went ahead and applied to be vault, which was approved in record time. Now they can "Deposit" the "physical" silver in their "own vault" vs. the Comex. That took care of having to deliver on the contracts. They are now buying Silver supposedly.
- Post# 4,822
- Quote
- Apr 14, 2011 7:23am
-
- LasVahGoose Joined Nov 2007 | 3,172 Posts | Status: Conscious Incompetence
Don't wish it were easier, wish you were better. ~ Jim Rohn
- Post# 4,828
- Quote
- Apr 14, 2011 8:37am | Edited at 8:48am
- beeb Joined Oct 2010 | 1,633 Posts | Status: Member
Loading longs!
maybe you're right or maybe the market wants you to think you're right before taking it down......
market is flapping (technical term lol) not trending imo
(there's always another trade out there)
beeb
- Post# 4,832
- Quote
- Apr 14, 2011 9:04am
maybe you're right or maybe the market wants you to think you're right before taking it down......
market is flapping (technical term lol) not trending imo
(there's always another trade out there)
beeb
Can't make out a word of it.
Inserted Video
- Post# 4,835
- Quote
- Apr 14, 2011 9:45am
- SunTrader Joined Mar 2006 | 7,001 Posts | Status: Trade the reaction not the news!
- Post# 4,836
- Quote
- Apr 14, 2011 10:04am | Edited at 10:17am
-
- XTrade Joined Aug 2009 | 5,403 Posts | Status: Patience. Do not Overtrade.
Always good to look at multiple time frames 
Sometimes you can catch things earlier. I got used to the higher TFs. Less stress less noise.
Sometimes you can catch things earlier. I got used to the higher TFs. Less stress less noise.
thanks for the advice and to answer you question no im not an exprerienced scalper
and if you see my posts i used more then one timeframe and as i stated in the 5 min chart post "zooming on action" so using a 5 min chart is to magnify the move for a more clear action
goodluck
GOLD & SILVER - Learning, Day Trade, Long Term, Discussion, Fundies, Techs
- Post# 4,837
- Quote
- Apr 14, 2011 10:05am
-
- XTrade Joined Aug 2009 | 5,403 Posts | Status: Patience. Do not Overtrade.
GOLD & SILVER - Learning, Day Trade, Long Term, Discussion, Fundies, Techs
- Post# 4,838
- Quote
- Apr 14, 2011 10:08am
-
- XTrade Joined Aug 2009 | 5,403 Posts | Status: Patience. Do not Overtrade.
Attached Images (click to enlarge)
GOLD & SILVER - Learning, Day Trade, Long Term, Discussion, Fundies, Techs
- Post# 4,839
- Quote
- Apr 14, 2011 10:51am
- SunTrader Joined Mar 2006 | 7,001 Posts | Status: Trade the reaction not the news!
The thing is as far as I know, Fibonacci's work because people plot them and react to them. Don't know how long they have been used on charts but it would be interesting to see if price reacted to these levels before people plotted them - personally I doubt it.
.....
Take a look at this chart of the Dow of one example of many from late 1928 leading into the high before the crash of '29.
Bars have same open/close because back then they didn't record the open. Even today indexes don't really have a true opening price since not all stocks open exactly at the bell.
But as you can see 61.8% price retracement nailed this drop as well as it fell timewise between the 61.8 and 100% time retracement of upswing.
Fibs work and sometimes not, always have always will.
Sometimes they are self-fulfilling but many market participants are not even aware of them, could care less about them or are trading on an entirely different timeframe.
This can be said about most TA techniques such as MA's, Trendlines, Oscillators etc etc.
Attached Image (click to enlarge)
| Thread Tools | Search this Thread |
| |