Silver Charting and Silver TA Chat

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Sorry about the mess but this is what I am looking at. Hoping to get a third touch on the trend line that links the breakout in august to the lows in April and May (~20.50). A break out above 22.60 (18DMA of closes and the short term downward sloping trendline) will be very welcome
 
it certainly has been an exciting ride hasn't it ?

its going to get more interesting and hopefully lower too

yay !
 
The technical picture really sucks.

Why bother fighting it. Let me be a cork floating with the river stream and into a large lake of abundance....and hopefully not into a water fall.....but then again, a cork will still float when the fall is over....

But seriously, it looks like 17-16 is the next stop. Hopefully it will bounce where both horizontal and channel support is as it did previously at 26. Not so sure whether we will be able to go pass 26 this year given the technical picture!

Oh well, lets just trade with the flow.

5568_jun_13_ag.png
 
SS said:
The technical picture really sucks.

Why bother fighting it. Let me be a cork floating with the river stream and into a large lake of abundance....and hopefully not into a water fall.....but then again, a cork will still float when the fall is over....

But seriously, it looks like 17-16 is the next stop. Hopefully it will bounce where both horizontal and channel support is as it did previously at 26. Not so sure whether we will be able to go pass 26 this year given the technical picture!

Oh well, lets just trade with the flow.

http://forums.silverstackers.com/uploads/5568_jun_13_ag.png
Click to expand...

so if we follow that line silver is what free in 6 months ?
 
Nope, I hope it will bounce at 17-16 and ride it self up to the top at the channel to ~24. This time I will short at the top of the channel or at 26.
 
2008 bottom = 2004 top
ATM
2013 bottom = 2008 top??

I personally see that no further retracement is needed... though that does not mean no further retracement.

Coming into seasonal strength in silver I am buying here (at the end of June) this has worked in '12, '11, '10, '09
 
thatguy said:
2008 bottom = 2004 top
ATM
2013 bottom = 2008 top??

I personally see that no further retracement is needed... though that does not mean no further retracement.

Coming into seasonal strength in silver I am buying here (at the end of June) this has worked in '12, '11, '10, '09
Click to expand...

Many good reasons to buy physical silver here, seasonal strength is not one of them.

This is a stupid assumption this year for pm's, you are smart enough to work out why.
 
fiatphoney said:
Many good reasons to buy physical silver here, seasonal strength is not one of them.

This is a stupid assumption this year for pm's, you are smart enough to work out why.
Click to expand...
Don't overestimate my intelligents :P

Keen to hear why? Seasonals in fairly important in PM I would have thought, but you are right there are many other reasons
 
Here is what I have been following for the past little while. I am using a trading service that is truly remarkable. It feels like cheating. Here is the Silver chart on the Daily.\

You can see Silver broke the trendline and confirmed below it. There also was a time count on the bearish consolidaiton along with a pierce of the 20MA. You couldn't ask for a better entry.

Pure Technical Analysis. Works more often than not. :)

fdPIUill.png


eNbCVwel.png
 
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IH&S on the 15min? Dunno how this will proceed, could be nothing!

Pretty sure the low will be in by the Friday 28th, 1st week of july will be memorable for volitility

Still on the fence here
 
FWIW I went long on gold @$1200 stops $1185 and silver $18.50 stop $18.35, not all in (obviously :P ) as we could see a spike down tonight.

Call me crazy but I think the low is either in or will be by the 4th of July.
 
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