Silver Smackdown Tonight Chart FYI

Discussion in 'Silver' started by VRS, Sep 12, 2012.

  1. thatguy

    thatguy Active Member

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    pretty sure 2:30am EAST Friday morning... would love confirm
     
  2. SilverTouch

    SilverTouch Active Member Silver Stacker

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    It looks like to me we might see it break today
     
  3. SilverTouch

    SilverTouch Active Member Silver Stacker

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    Come on 50,000 CFD's short :)

    Gota wait before i pull the trigger
     
  4. thatguy

    thatguy Active Member

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    where's you entry point if you don't mind me asking?
     
  5. SilverTouch

    SilverTouch Active Member Silver Stacker

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    77.64 will be my entry but i have to see how strong the move is before i take it...... stop loss 78.04
     
  6. SilverTouch

    SilverTouch Active Member Silver Stacker

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    It currently is bouncing around 77.74
     
  7. VRS

    VRS Well-Known Member Silver Stacker

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    I bloody wish lolol!

    (Sorry, I read that only once and thought you meant 77.74/oz, in which case the probably qualifies as a new term - 'SMACK MY PHYS UP' - Apologies to Keith & Liam)

    ;)
     
  8. Eruaran

    Eruaran Member

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    There was a smackdown?
     
  9. VRS

    VRS Well-Known Member Silver Stacker

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    I'm chipping away constantly throughout the day (via eToro mobile app) until proper sit-down for the night shift and US open, because most action's between 6pm & 1am Aussie time - I'm walking the dog (scraping/scalping) whenever I can, so 10-15 pips on $100 trades or if I feel (f)riskier / more confident will leverage.

    I use this to trade announcements:

    http://www.forexfactory.com/calendar.php#closed

    ;)
     
  10. VRS

    VRS Well-Known Member Silver Stacker

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    Ps - If you've got an iPad check out an app called Swiss Forex - really useful bit of kit ;)
     
  11. VRS

    VRS Well-Known Member Silver Stacker

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  12. Sandgroper

    Sandgroper New Member

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    Thanks everybody some of this info is starting to stick , though I think I'm more suited to sitting on my stack it's fun watching players at work. Good luck!
     
  13. thatguy

    thatguy Active Member

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    http://www.ustream.tv/federalreserve hear from the printer in chief live :)
    I am suspecting a smack down before then... if silver is going to rise I swear they guess the amount and smack it down that much to = standstill
     
  14. SilverTouch

    SilverTouch Active Member Silver Stacker

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  15. SilverTouch

    SilverTouch Active Member Silver Stacker

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    Hmm is that like roughly 4 in the morning for us?
     
  16. thatguy

    thatguy Active Member

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    ET is GMT -5.00?
     
  17. LovingtheSilver

    LovingtheSilver Active Member Silver Stacker

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    Check post 29
    Unemployment at 830am, FOMC statement at 1230pm, Economic projections at 200pm and Press conference at 215pm (NY time)
    I think the statement would be the one to watch as most/all of the action might happen before the conference, unexpected employment (to the -ve) might give an indication of what will come later. Hopefully they don't fence sit, and make a clear decision either way.

    http://www.businessinsider.com/preview-of-september-fomc-meeting-2012-9
     
  18. AgH20

    AgH20 New Member

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    This website World Clock Converter is very useful http://www.timeanddate.com/worldclock/converter.html

    I use when I am organizing suitable times to speak to interstate and overseas clients. It is very handy especially when we/they are coming into/out of daylight saving.

    Beats doing mental calculations at 1:00 in the morning!
     
  19. white-metal-man

    white-metal-man Member

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    volatility......?????....c'mon all...its only gone down by a dollar or so....and then rebounded by 70 cents or so.....thats not "that" out of the ordinary......i would agree with you if we saw dropps of 3-4 - 5 dollars.....but what i'm seeing is quite normal considering the last 12 months......or so....
     
  20. VRS

    VRS Well-Known Member Silver Stacker

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    Great piece on Bernanke's upcoming options & what to expect tonight FYI from FT Money supply Blog:

    http://blogs.ft.com/money-supply/20...ct-from-the-fed-september-2012/#axzz26Ji3pdUP

    Could get messy...

    "No matter what the Fed announces tomorrow, if it makes no breakthrough on its policy framework, and simply announces a change of the forecast date or a lump of QE, I will be disappointed. I suspect in time the market will be disappointed too.

    On the other hand, if the Fed successfully ties its policy actions to the state of the economy it will be a dramatic step forward answering a big part of Michael Woodford's Jackson Hole critique and putting the Fed in the unusual position of global central banking innovator.

    My guess is that there will be an open-ended programme of QE: nobody wants to do another $600bn lump so I expect they will hash out an economic condition. I'm less sure about the rate forecast. Either way, tomorrow is going to be exciting."
     

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