Friday Smack-Watch

Discussion in 'Silver' started by Eureka Moments, Jan 23, 2015.

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  1. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    8:30 NY time which I think is 12:30am AEST

    Normally I would trade the EUR/USD but the EUR is sitting just under a resistance level so I was thinking of going a commodity currency like the AUD or the CAD. I may not sell but buy the USD if there's a decent beat. Just depends on the market reaction. I place a pending order on the buy and sell side of the trade, wait for the number to drop and the market's reaction. It'll take out one of the orders, I cancel the other and let the pips roll in.
     
    Caput Lupinum, Feb 6, 2015
    #41
  2. phrenzy

    phrenzy In Memoriam - July 2017 Silver Stacker

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    I made $100 on aud/usd then had the stupid bright idea to sell a us denominated commodity like sliver but obviously hit in too late and lost $160.

    smaller and more thoughtful next time. Does that count as a CGT loss?
     
    phrenzy, Feb 6, 2015
    #42
  3. Altima

    Altima Well-Known Member Silver Stacker

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    Down she goes?
     
    Altima, Feb 6, 2015
    #43
  4. tolly_67

    tolly_67 Well-Known Member

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    Yes....big Woah there......
     
    tolly_67, Feb 6, 2015
    #44
  5. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    I ended up with a little under $2500 trading the AUD/USD pair. Not bad for literally a couple of minutes work
     
    Caput Lupinum, Feb 6, 2015
    #45
  6. tolly_67

    tolly_67 Well-Known Member

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    The smack down was a reaction to the U.S. dollar big move upwards on the potential for interest rate hikes. This indicates that the negative correlation between the dollar and gold is still current. It will eventually turn around but in the mean time, the big moves up in the dollar just keep on coming.
     
    tolly_67, Feb 6, 2015
    #46
  7. Jkenosh

    Jkenosh New Member

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    They are really smacking them today
     
    Jkenosh, Feb 6, 2015
    #47
  8. Bobby Woodlawn

    Bobby Woodlawn New Member

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    Good Call!- bw
     
    Bobby Woodlawn, Feb 6, 2015
    #48
  9. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    Who is this idiot?

    I guess I'll just have to go out and buy some silver.
     
    sammysilver, Feb 6, 2015
    #49
  10. Eureka Moments

    Eureka Moments Well-Known Member Silver Stacker

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    Smacking day again.
     
    Eureka Moments, Feb 13, 2015
    #50
  11. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    I reckon it'll be a breakout.
     
    sammysilver, Feb 13, 2015
    #51
  12. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    German GDP figures came in better than expected so unless something dramatic develops from Greece between now and closing time or there's a major shift in the COT then I reckon it'll remain flat or sell off mildly.
     
    Caput Lupinum, Feb 13, 2015
    #52
  13. jonathans

    jonathans Member

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    the Market closes 5pm in New York
     
    jonathans, Feb 13, 2015
    #53
  14. 1for1

    1for1 Well-Known Member

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    That was one hell of a commodities rally today in AU trading.. :) Ill be happy with sideways action till Greece say no again and we can repeat a day like today :)
     
    1for1, Feb 13, 2015
    #54
  15. Altima

    Altima Well-Known Member Silver Stacker

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    And boom silver shoots up
     
    Altima, Feb 13, 2015
    #55
  16. Jkenosh

    Jkenosh New Member

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    No smackdown today
     
    Jkenosh, Feb 13, 2015
    #56
  17. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    Any thoughts as to why?
     
    SpacePete, Feb 13, 2015
    #57
  18. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    You reckoned rightly.
     
    SpacePete, Feb 13, 2015
    #58
  19. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    Eric from KWN told me!
     
    sammysilver, Feb 13, 2015
    #59
  20. willrocks

    willrocks Well-Known Member Silver Stacker

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    Strong resistance at $18 USD. Breakout when it goes above that.
     
    willrocks, Feb 13, 2015
    #60
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