Silver front month. Look in triangle for new opportunities.
Hope everyone made it to the weekend in one piece. Glad to say this week was a profitable one for me. That makes two in a row! Basically I am only meeting expectations at this point, but it feels good.
In address to my typical bouts of insanity, I have once again seen countless opportunities go by and often done nothing about it. Staying profitable is the name of the game, and in that sense I'm doing well enough to keep existing. Hallelujah.
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Here is how I am chopping up silver at the moment. The same lines I had previously are still in place so you can see how bias shifts as lines are reacted to. If price continues to range I wouldn't expect it to go beneath the 100 level area. Where price is residing currently makes that a proposal a bad bet, but if it comes down to the lower end of the broadening cone then R:R gets much more in our favor. Win or lose that wouldn't be the worst play (there is the cursed phrase again). At least you would be putting yourself in a position to maximize upside and limit downside.
Once again, what's important is I hope that everyone had a good week. Hang in there. I'm rooting for the bulls. Just not with my money today. I'll probably post a bunch over the weekend, and likely later today. Too wicked to rest for long. Thanks for your support.
In address to my typical bouts of insanity, I have once again seen countless opportunities go by and often done nothing about it. Staying profitable is the name of the game, and in that sense I'm doing well enough to keep existing. Hallelujah.
----
Here is how I am chopping up silver at the moment. The same lines I had previously are still in place so you can see how bias shifts as lines are reacted to. If price continues to range I wouldn't expect it to go beneath the 100 level area. Where price is residing currently makes that a proposal a bad bet, but if it comes down to the lower end of the broadening cone then R:R gets much more in our favor. Win or lose that wouldn't be the worst play (there is the cursed phrase again). At least you would be putting yourself in a position to maximize upside and limit downside.
Once again, what's important is I hope that everyone had a good week. Hang in there. I'm rooting for the bulls. Just not with my money today. I'll probably post a bunch over the weekend, and likely later today. Too wicked to rest for long. Thanks for your support.
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