papeeeboy

papeeeboy

Silver has been smacked down pretty hard on the jobs report. The market seems to think that a rate hike is a sure thing. I don't think silver will create a new low based on assumptions. I think the buyers will stay around till at least the 1st week of Dec. The rate decision will be in the middle of Dec so i think we still have plenty of time for a quick rally. ...

papeeeboy

Platinum made a huge move to the upside when it reached these levels. There might still be plenty of buyers are these levels.

papeeeboy

Back in buying range! Took a bit of profits around 2.41 Still have some longs, but i'll add what i sold

papeeeboy Updated 

Following a huge move to t he upside, palladium has given us a healthy pullback. There might still be a bit of momentum at these levels. Lets see if we see a move back up to towards the 700

papeeeboy Updated 

Looks to be oversold,, big move in this highlighted zone. Should find some buyers

papeeeboy

Platinum has a really engulfing candle on the monthly. It looks like its going to attempt higher highs. I'll take profits on my platinum short here. Might be a good long. Lets see if we get some buyers

papeeeboy

possible declining wedge playing out. This pair has only closed below 14244 a two times in the last 3 months. We should find some buyers around here

papeeeboy Updated 

Short term play. I went short on Friday at 11055. My entry could have been much better but on was trading from my cell. Entry could have been at the trend line 11067 or so. Lets see if it plays out.

papeeeboy

Got the break now we wait for the pullback

papeeeboy

Buy gold sell the dow. This is a ratio trade. When this ratio rises it means that dow will outperform gold and vice versa. I like the risk to reward here.

papeeeboy Updated 

I like the short term long with great risk to reward. Lets see if the order is picked up. My next post will be a USDollar short. Follow me for trade updates and more trade ideas. Like and comment!

papeeeboy Updated 

I like gold at these levels. Gold is technically still in a long term downtrend so caution is advised. I really like the series of higher highs and higher lows. I'll look to start accumulating here (1130) and will look to add as it declines. I'll be trading this against 1100 with target around the descending trend line extending from May '13 high (1200 or so)

papeeeboy

Looks like there are some buyers down there. Lets see if they are still around. Big engulfing/slight outside candle highlighted so I'm hoping the reversal is not in yet. Lets see if my orders will pick up down there.

papeeeboy

Good risk to reward on this trade. Trade what you see not what you think.

papeeeboy

All this Fed talk confusing the markets. This level should find some buyers. Lets see

papeeeboy

Caution is advised. Fed min today at 2 and it can really put a stop to this rally. But its a breakout!!!

papeeeboy Updated 

I'm still long on gold,, i have lightened up the position though. I'm hoping that this descending triangle will finally give this pair direction after 2 weeks of sideways action. 1150- 1155 is key if this pair wants to try for new highs

papeeeboy

Silvers has been stuck trying to decide if it should go up with the bulls or go down with the bears. its been 2 weeks now and any buys or sells at this point would be 50/50 odds. In my previous post i showed where i bought and where I sold. I will look for silver to break out or this range before going in again. (I'm bullish long term, no matter what price)