Silver

[trader273 10]

Time to short silver.

Short at 13.863

Looking for 13.600 then 13.200, if it gets there will re-evaluate

 

[trader273 10]

Short already starting to work. Currently up $875/ct.

 

Chart:

[trader273 10]

Update:

Currently Short at: 13.863

Current Price: 13.669

Current Profit: $960/contract

 

Nice looking intra-day 15 minute chart: (if you are short

[darthtrader 10]

nice, i just sold my bullion this afternoon, first investment i made 2 years ago.

Are you holding this position for awhile? Feels like one of those 10% down blast days should be coming any day now after this.

[trader273 10]

I see some support levels that need to be busted through. (chart is a couple post up) Looks like if it can get through 13.10 it has the possibility to go to the 12.10 mark. I don't have a bias either way though. If it comes to those support levels and I get a buy signal I'm going to buy it, likewise if it breaks support and then retraces back up and I get a sell, I'll sell it.

[trader273 10]

Not much happened today for this trade. Other than some BS move up in the overnight hours on pathetic volume. Luckily, sellers ( like me ) came back in and sold it down. I'm watching the 13.60 like a hawk. We need to break down below it for this short to get really working. If it pauses at that level and I get a buy signal I will flip to the long side. Thinking that, I have decided to take 1/3 of the contracts off at 13.688.

 

Entered: 13.863

Exit 1/3: 13.688

Profit: .175 (175*$5 = $875/ct)

 

Not a bad trade so far.

 

Chart:

[trader273 10]

OK, I was watching that support level, and got a nice green spinning top right on it, so that means I flipped to the long side.

 

I exited the remaining shorts at: 13.747 for a profit of $580/ct.

 

So, now I am long at 13.747, looking for a move up to 14.111

 

Chart:

[trader273 10]

OK, done with this thread. There is more than enough information here if you want to use, if not go buy some BS vendor like TZ.

[ranj 10]

Trader273,

 

Never trader silver before, what do you has the start and stop of the day for your daily charts.

Thanks

Rajiv