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  • #1,021
  • Jun 17, 2014 1:49pm Jun 17, 2014 1:49pm
Quoting stewrigh
Another reason I'm bullish silver - palladium and silver are normally fairly closely correlated - This is a chart of silver overlaid with palladium. {image}
Inserted Video
  • #1,022
  • Jun 17, 2014 2:28pm Jun 17, 2014 2:28pm
Quoting stewrigh
{quote} https://www.youtube.com/watch?v=lIWo4A3sbjQ#t=44

Interesting video. Thanks S

Olu
If you think you can or cannot do it you are correct
  • #1,023
  • Jun 17, 2014 11:29pm Jun 17, 2014 11:29pm
hi: I opened sell EU (although sell AU appears more interesting-but I have kind of bad luck with AU). not sure yet about my TP.
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  • #1,024
  • Jun 19, 2014 8:59am Jun 19, 2014 8:59am
i exited my short EU, was not good idea.
  • #1,025
  • Jun 22, 2014 10:16pm Jun 22, 2014 10:16pm
Quoting stewrigh
Another reason I'm bullish silver - palladium and silver are normally fairly closely correlated - This is a chart of silver overlaid with palladium. {image}
Its going to the moooooooon!
  • #1,026
  • Jun 23, 2014 2:01am Jun 23, 2014 2:01am
Quoting mypipbull
{quote} Its going to the moooooooon!
Nah! The stars lol - just keep buying the dips
  • #1,027
  • Jun 23, 2014 5:38am Jun 23, 2014 5:38am
Quoting rehab
i exited my short EU, was not good idea.
Hey rehab,
Thanks for posting. FWIW I think shorting the EURUSD was not a bad call, perhaps a little low for my liking but directionally good IMO.
I would prefer to short it a bit higher perhaps around the EMA50/100 (which are now grouped).
This would coincide with previous broken support that may now be resistance.
So if I see reversal PA at around 1.3700-1.3675 I would be very tempted to get involved.

Good trading to you rehab
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  • #1,028
  • Jun 23, 2014 7:20am Jun 23, 2014 7:20am
Quoting stewrigh
{quote} Nice - looks like you'll get 78
Still short......still hopeful of 78 too......
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  • #1,029
  • Jun 25, 2014 8:15pm Jun 25, 2014 8:15pm
AUDCAD - Long

Daily wave structure a little bit bearish LH and LL but we are still in a longer term weekly up trend.
EMA100 has proven to be support recently also.
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  • #1,030
  • Jun 25, 2014 11:03pm Jun 25, 2014 11:03pm
Quoting mypipbull
{quote} Hey rehab, Thanks for posting. FWIW I think shorting the EURUSD was not a bad call, perhaps a little low for my liking but directionally good IMO. I would prefer to short it a bit higher perhaps around the EMA50/100 (which are now grouped). This would coincide with previous broken support that may now be resistance. So if I see reversal PA at around 1.3700-1.3675 I would be very tempted to get involved. Good trading to you rehab {image}
you seem to be perfectly right , yesterday price showed some rejection around the level you mentioned and the $ is showing strengh.
  • #1,031
  • Jul 5, 2014 1:38am Jul 5, 2014 1:38am
Quoting mypipbull
AUDCAD - Long Daily wave structure a little bit bearish LH and LL but we are still in a longer term weekly up trend. EMA100 has proven to be support recently also. {image}
This one got squashed pretty quickly....
  • #1,032
  • Jul 5, 2014 1:44am Jul 5, 2014 1:44am
Quoting mypipbull
{quote} Still short......still hopeful of 78 too...... {image}
Down she goes for another leg.
I have now set a TP for 0.78.
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  • #1,033
  • Jul 5, 2014 3:21am Jul 5, 2014 3:21am
Quoting mypipbull
{quote} Down she goes for another leg. I have now set a TP for 0.78. {image}
Thats a great trade Mike, hopefully more to come..
Memories caught in time but never forgotten
  • #1,034
  • Jul 5, 2014 8:24am Jul 5, 2014 8:24am
Quoting mypipbull
{quote} Down she goes for another leg. I have now set a TP for 0.78. {image}
Good call Mike - I'm beginning to thing it'll go even lower.
  • #1,035
  • Jul 5, 2014 8:33am Jul 5, 2014 8:33am
Mike, or anyone, can you do me a favour?(do you still trade COT data?)

I've been reading a lot lately about the big short positions in silver and so I thought I'd look at the COT report.

Now I don't really understand how to read COTs, but I believe its the non commercials we should look at and my reading of the attached is that the non comms are net long, which seems to conflict with what I'm reading?

What do you guys think?

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  • #1,036
  • Jul 6, 2014 8:31pm Jul 6, 2014 8:31pm
Quoting stewrigh
Mike, or anyone, can you do me a favour?(do you still trade COT data?) I've been reading a lot lately about the big short positions in silver and so I thought I'd look at the COT report. Now I don't really understand how to read COTs, but I believe its the non commercials we should look at and my reading of the attached is that the non comms are net long, which seems to conflict with what I'm reading? What do you guys think? {image}
COT interpreting is about as subjective as TA is. This is my opinion and how I use COT.....

Firstly, you are also looking as the Disaggregated Report. I prefer the Traditional report and that's what I will comment on.

My guess is any talk of 'massive shorts' in the context you are meaning would mean the shorts would be held by the Commercials NOT the Non Commercials. You can see that the Short position by the Comms is large but not ridiculous. Also, Net Positioning is only half the picture, its derived from Longs and Shorts.

Remember the Commercials are the hedgers and the Non Commercials are the Trend Followers (Price follows their positioning). They usually take the opposite sides of each others trades.

Silver is moving up pretty rapidly as a result you can see that the Speculator Contracts (Non Commercials) have been increasing their longs and decreasing their shorts, this is classic trend following. If the up move was profit taking only then it would be just the Shorts decreasing.

By my reckoning based purely on positioning Silver is in an uptrend.

Hope this helps?
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  • #1,037
  • Jul 6, 2014 9:27pm Jul 6, 2014 9:27pm
Quoting stewrigh
Mike, or anyone, can you do me a favour?(do you still trade COT data?) I've been reading a lot lately about the big short positions in silver and so I thought I'd look at the COT report. Now I don't really understand how to read COTs, but I believe its the non commercials we should look at and my reading of the attached is that the non comms are net long, which seems to conflict with what I'm reading? What do you guys think? {image}
You will be into this one Stew.....

http://www.kingworldnews.com/kingwor...3A6%3A2014.mp3
  • #1,038
  • Jul 6, 2014 11:08pm Jul 6, 2014 11:08pm
Quoting stewrigh
{quote} Good call Mike - I'm beginning to thing it'll go even lower.
You might be right there.......
  • #1,039
  • Jul 7, 2014 6:06am Jul 7, 2014 6:06am
Quoting mypipbull
{quote} You will be into this one Stew..... http://www.kingworldnews.com/kingwor...3A6%3A2014.mp3

Yep - this one too - told ya I was myopic.

http://www.arabianmoney.net/gold-sil...e-hedge-funds/
  • #1,040
  • Jul 10, 2014 8:45pm Jul 10, 2014 8:45pm
Nothing is confirmed until it is officially been denied.

http://www.forexlive.com/blog/2014/0...anto-is-solid/
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