I had a silver SE short taken just below the 50 day sma overnight and I'm $2 in the red. Here's how it looks to me: currently MMentum is crossing down, there's one feeble yellow bar on the MACD and the ema3 is cutting thru just about everything, suggesting a move down is imminent. All the short-term emas are pointing down and the Bollinger Bands are tight, which also suggest a move down. The medium-term emas have tightened a bit, while RSI and SStoch are pointing down (but aren't coming from overbought), and overall these aren't giving much indication of a strong move yet. It will be interesting to see if this turns into a HP short eventually or whether I lose another 30 bucks!
Looks like it turned out to be a nice entry there Alan. Must be your shout when you come over for the retreat
Ha! If I'm lucky it might make up for being stopped out in gold by that b........ green spike a few days ago!
Hope you're in the greeeen.
Ha. Your SL must have been slightly too tight. I didn't do much better. I took profits on Monday rather than waiting it out for the take profit which would nearly be hit now.
Interesting silver action there. My short position on the last half of the big red candle got stopped out by the next days big green one.
I had a gold limit order to go long at $1212 and the price went to $1212.03 and turned back up so it didn't get triggered. I took some healthy profits on platinum this morning albeit prematurely . I will look to get back in at some point.
Silver short limit order triggered last night at $14.75 , SL at $14.96 . Long stop entry at $14.97, stop loss $14.65. I set up the palladium bracket strategy as per Pauls suggestion the other night but no action. UPDATE: Due to large volume support for the green candle yesterday, I closed the silver short trade and put in a short stop entry at $14.69 instead
And finally I have a gold short limit order at $1240 , stop loss $1246. Stop entry long at $1246 , SL $1238.
