07/13/2011 Intraday Watering

[Anaconda]

no fighting, just trading, ok
anybody trade silver? i think it may break out soon. it is kinda strange gold made new high while silver no following

Yes. I hold significant short position, in the face of the intermediate term bear flag pattern on the silver charts. I think we will see $26 sooner than $46.

[biotrader]

[quote="cheech"]I may be rude but I am also not stupid. Please read this post that I made at the exact market top on 7/7. Please focus on the last sentence especially.

Would you rather have rudeness that makes you money or politeness that causes you to lose? I'm done with this forum. Waste.

[quote="Cheech"]

Good riddens!

[bbc]

no fighting, just trading, ok
anybody trade silver? i think it may break out soon. it is kinda strange gold made new high while silver no following

I traded SI when the first breakdown, -15% in a day, counter-trend for a trade.
forgot if SI futures has day/night flr/cap or not.

COT report is not that bullish, GOLD is pretty bullish in COT on the week to 1480, I placed an 1470 order, too greedy:(

================================================================================
-----Net Long Positions----- ---------Spreading---------
July 5 June 28 Change July 5 June 28 Change
================================================================================
-------------------------Silver-------------------------
Net speculative long 18,835 15,998 2,837 n/a n/a n/a
Managed Money 16,805 13,227 3,578 7,841 8,586 -745
Other Reportables 2,030 2,771 -741 14,724 15,147 -423
--------------------------------------------------------------------------------
Net commercial long -33,451 -29,166 -4,285 n/a n/a n/a
Swap dealers 6,547 8,642 -2,095 3,775 5,203 -1,428
Producer/merchant -39,998 -37,808 -2,190 n/a n/a n/a

[silicon_beaver]

no fighting, just trading, ok
anybody trade silver? i think it may break out soon. it is kinda strange gold made new high while silver no following

I do. but I sold out it last week and need to buy it back when dipping.

[fulkdaddy]

I agree with "Lets stick to trading". Nobody is right all the time...nobody.

I am new to the group and love the expertise and analysis. We all have different methods and timeframes...this is what makes a market! Let's all keep the positive mojo going so we all can all learn from each other and become better and better traders and take money from the big boys on Wall Street!

Die bulls!!! For the short-term anyway...

[trader_jay]

Strongly support Cobra, fully apprecited the patterns you pointed out day after day. As anyone in the market longer than a few days should know no pattern is 100%.

Here is the famous quotes from Soros,
"... the most significant is that it's not whether you're right or wrong, but how much money you make when you're right and how much you lose when you're wrong. ..."

one more words: those who're very experienced here should know, right or wrong doesn't matter as long as you control your losses and switch faster to the right side. So I admit I was wrong and cut loss and switched the side, that's what I think is the right thing to do and really matters. So hopefully you all understand how I trade and how I call.

[BillyRipken]

But Cheech got the oil direction wrong yesterday morning. When I bought USO calls I was so scared of trading against his market views, that I posted here how worried I was to trade against HIM and even added: “…I am probably toast”. But I wasn’t toast... Neither were several other people here who were long oil…and Cheech was wrong….
But that’s alright …even cowgirls get the blues and even Cheech can be wrong! LOL!
I don,t like to post that ...but I think that I should, considering what just happened...

Oil is going down. Yes, made a small pop, but in the big picture, not significant to me. Who is cletus?

Some poster who disappeared on June 23, just before you came on board on June 28.