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  • #432,481
  • May 1, 2011 6:03pm May 1, 2011 6:03pm
Quoting Venice
We are due for a hefty correction sometime here... due to it going parabolic and all... always attracts the herd to buy into the very top... heh heh.
Every two months.

And yep...could have just wiped some sheeple out! Saw it hanging around $50...itchy fingers thinking they'd get the breakout. Margin...meet Call!

Hope you're well, mate!
  • #432,482
  • May 1, 2011 6:03pm May 1, 2011 6:03pm
Hi guys, just loged in, what's with the market?
  • #432,483
  • May 1, 2011 6:04pm May 1, 2011 6:04pm
I want to point out the green trendline, which is pretty close. Last week I planned going long if we touch it, but currently I might trade its breakdown.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.png Size: 29 KB
  • #432,484
  • May 1, 2011 6:04pm May 1, 2011 6:04pm
Quoting Jeheil
Help a noob...why does a sell off in silver give indication/or have correlation to a run on the Euro ?

Is this in general ? or just corrective across the board against the selling of the USD ?
it's the same huge trade that will explode one day.

sell usd buy everything else from copper, silver, gold, wheat, stocks, to pork bellies. everything on huge leverage.

one day something will make the dollar sky rocket but we need that sentiment of amero, country's not accepting usd and some other bs like that.

so if something that was so bid up in price like silver drops 10% gives some sort of signal to people worldwide. or robots.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #432,485
  • May 1, 2011 6:04pm May 1, 2011 6:04pm
Quoting kenfen69
Every two months.

And yep...could have just wiped some sheeple out! Saw it hanging around $50...itchy fingers thinking they'd get the breakout. Margin...meet Call!

Hope you're well, mate!
Yup! Good good... bit tired today though... rockin all weekend long and had to run into work this morning for about 4 hours... blehh lol Kinda sucks when I was out all night last night... oh wells, C'est la vie!
  • #432,486
  • May 1, 2011 6:05pm May 1, 2011 6:05pm
Quoting PipPipPip
i see a down day coming in on silver
its a big day for retailers. remember everyone, all big buyers are out for holidays this weekend. meaning asia/london/us all closed monday
pa is purely from sellers right now.

im still holding my silver/gold. we should see 60, 80, 120. but one step at a time.
  • #432,487
  • May 1, 2011 6:08pm May 1, 2011 6:08pm
Quoting Egy2011
Hi guys, just loged in, what's with the market?
Nothing, its just Cat Away Mice Play going on. Europe closed.
The Thief of Wall Street
  • #432,488
  • May 1, 2011 6:09pm May 1, 2011 6:09pm
Quoting mercy seat
Point of time ... and timing of your trades is very important too ...

And smaller TF pivotal views help to judge best time quality to act ...

Matter of experience ... do make your observations ... you will see after a while ...

I did post them only as a small hint ...

Just feel free to try them out ... and moreover you can calculate your own ones very easilly ... in order to get some at 8-hours or 12-hour basis as well ...

I will post for some of you a Link ... where you can obtain some useful information about it (formulas + how to interprete...

Pivots and the meaning of those levels ... that are things you should have in mind ... no charts needed then anymore ... after a while ...

That is the reason why they have been developed at least ... to give traders a reliable tool to adjust their money management in various situations ...

Pivots alone do not say you that much at all ... it is the mixture in combination to other things ... but often they work (in sich selbst) as there are many participitiants who do keep them in mind ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #432,489
  • May 1, 2011 6:10pm May 1, 2011 6:10pm
Quoting Egy2011
Hi guys, just loged in, what's with the market?
Herding......
  • #432,490
  • May 1, 2011 6:10pm May 1, 2011 6:10pm
Quoting Venice
Yup! Good good... bit tired today though... rockin all weekend long and had to run into work this morning for about 4 hours... blehh lol Kinda sucks when I was out all night last night... oh wells, C'est la vie!
Inserted Video


Greetings traders
  • #432,491
  • May 1, 2011 6:10pm May 1, 2011 6:10pm
Quoting PipPipPip
its a big day for retailers. remember everyone, all big buyers are out for holidays this weekend. meaning asia/london/us all closed monday
pa is purely from sellers right now.

im still holding my silver/gold. we should see 60, 80, 120. but one step at a time.
Good luck with that thinking/wish. Welcome to the herd. Take care that you are not at the end of the herd.......

Best to you,

Markus
  • #432,492
  • May 1, 2011 6:15pm May 1, 2011 6:15pm
Quoting PipPipPip
...

im still holding my silver/gold. we should see 60, 80, 120. but one step at a time.
I wouldn't doubt it, but if you're over 50, I doubt $120 silver will be in your life time.
  • #432,493
  • May 1, 2011 6:16pm May 1, 2011 6:16pm
First daily pivotal support zone at 1.4783 has been reached ... after first time reversal from area near daily 50% fib-retrace and Intermediate Midpoint RM1 ... bounce from there again ...

You need a longer time to get confident with them ... but once you will see ... they do work very nice ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #432,494
  • May 1, 2011 6:23pm May 1, 2011 6:23pm
Quoting mercy seat
Pivots and the meaning of those levels ... that are things you should have in mind ... no charts needed then anymore ... after a while ...

That is the reason why they have been developed at least ... to give traders a reliable tool to adjust their money management in various situations ...

Pivots alone do not say you that much at all ... it is the mixture in combination to other things ... but often they work (in sich selbst) as there are many participitiants who do keep them in mind ...



;-|

Hi Mercy,

hope you had a nice weekend and wish you a profitable week.

Hope you had no silver holdings (long) over the weekend.

Over the last weeks when silver went parabolic I told a lot of people to not hop on to the bandwagon. What goes parabolic, comes definitively down.

It is like with EURUSD here. Far to many are dreaming of 1.6 to 2.0 for EURUSD. I have mentioned it over and over again: you make no wave three ralllye up, when there are only 5% USD bulls left. In this case one have to overthink the counts because they are obviously faulty. I do not say that it is a given that we have seen the top, but when it happend a few days ago it would be perfect, because everybody and their dogs are awaiting 1.6 or higher first.

The counts are open to multiple interpretations right now. So the best play now is, to play it short term, wave for wave.

Best to you and take care,

Markus
  • #432,495
  • May 1, 2011 6:30pm May 1, 2011 6:30pm
Overall next move will be one more to the downside ...

Masterkey is daily always ... and Elliott points down as well towards 1.4733 area ...

Immer mehrere Faktoren sollten zusammenwirken ... möglichst gleichzeitig ...

This chart ... for example do show a MACD with higher acceleration setting than usual default setting ... and it can be used in combination with parabolic SAR as well ... in order to adjust and detect nice scalping opportunities ...



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Attached Image (click to enlarge)
Click to Enlarge Name: 2011-05-02 _ (01h22 CET) EUR-USD _ 005min _ 000 candle 324-538-09.GIF Size: 75 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #432,496
  • May 1, 2011 6:32pm May 1, 2011 6:32pm
Quoting infinitus
Hi Mercy,

hope you had a nice weekend and wish you a profitable week.

Hope you had no silver holdings (long) over the weekend.

Over the last weeks when silver went parabolic I told a lot of people to not hop on to the bandwagon. What goes parabolic, comes definitively down.

It is like with EURUSD here. Far to many are dreaming of 1.6 to 2.0 for EURUSD. I have mentioned it over and over again: you make no wave three ralllye up, when there are only 5% USD bulls left. In this case one have to overthink the counts because they are obviously...
Grüß' Dich Fini mein Lieber !


Nee ... keene Sorje ... ick mach nix in Metall ...

Nur gucken ... aber nicht anfassen ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #432,497
  • May 1, 2011 6:38pm May 1, 2011 6:38pm
Be careful with shorts just yet. EU H4 is testing the channel TL it broke out of and the H1 is testing C. It could very well bounce.
Attached Images
  • #432,498
  • May 1, 2011 6:38pm May 1, 2011 6:38pm
with labor day on the mind no break no shake walking the dog in the box till we break 4772 still the key for bears and 4878for bulls
enjoy the ride in between
Attached Image (click to enlarge)
Click to Enlarge Name: 1h eur.gif Size: 27 KB
  • #432,499
  • May 1, 2011 6:39pm May 1, 2011 6:39pm
It may just be testing that H1 Bull flag TL from Fri.in order to continue up.
  • #432,500
  • May 1, 2011 6:39pm May 1, 2011 6:39pm
Quoting mercy seat
Grüß' Dich Fini mein Lieber !


Nee ... keene Sorje ... ick mach nix in Metall ...

Nur gucken ... aber nicht anfassen ...
It is more than 30 years ago ... that I did invest in such things ... but that is more than past ...

Ein sehr erfahrener Industriekaufmann (und bekannter Rohstoffhändler in privaten Diensten und im Auftrag der DIAG) hat mir schon früh sehr klar dargelegt, dass Gold und Silber ein typisches Spekulationsmittel nur für "arme Leute" (wie er es nannte) sind ...



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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
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