Silver Charting and Silver TA Chat

[fiatphoney]

 

[thatguy]

Grow(Blue)>Shoot(Green)>Consolidate(Orange)>Plunge(Red)>RinseAndRepeat
FWIW

 

[Eureka Moments]

Somebody?

 

[whinfell]

Here you go, EM

Happy New Year, everyone!

 

[thatguy]

Here you go, EM

http://forums.silverstackers.com/uploads/6008_gold_ta.gif

Happy New Year, everyone!

, i'll add my own

Important junction here, the the move in GSR it looks like silver and gold are aligning to test/break this descending trend line together. If it breaks to the Downside ~1141-1157 IMHO, upside if it breaks... unlimited

DYODD GLTA (good luck to all)

 

[metalzzz]

GLTA?

 

[thatguy]

Guess the chart and win nothing... guess the direction of the break and $$

 

[thatguy]

Here you go, EM

http://forums.silverstackers.com/uploads/6008_gold_ta.gif

Happy New Year, everyone!

, i'll add my own
http://forums.silverstackers.com/uploads/1021_looky_here.png
Important junction here, the the move in GSR it looks like silver and gold are aligning to test/break this descending trend line together. If it breaks to the Downside ~1141-1157 IMHO, upside if it breaks... unlimited

DYODD GLTA (good luck to all)

hang on ppls

 

[thatguy]

[youtube]http://www.youtube.com/watch?v=l0-FBlfvgxo[/youtube]
You got it ppls... up here Or down but we at the fork in the road... bring on 20.63

 

[Eureka Moments]

Somebody?

 

[Altima]

And boom it goes up!

(While bitcoin takes a sheet)

 

[thatguy]

Resistance @ 20.60 breached... fingers crossed it revisits

 

[SilverSale]

Yep, it would suck to be holding silver right about now....

 

[thatguy]

Hope you're all enjoying the ride... have not had this much fun since it broke $26

 

[Eureka Moments]

Somebody?

 

[wrcmad]

Somebody?

I'll have a crack.

Support around 1900 was not unexpected - see here: http://forums.silverstackers.com/message-573098.html#p573098

But this particular trade was textbook - support becomes resistance with MACD bullish divergence signalling the possible breakout.
Declining resistance was next stop at just below $22 (also seen as the top sloping line in the above link). Consolidation here was a waiting game with long stops in place.

The second chart below (4 hrly) shows another clear consolidation and breakout at this line, and we are off and running again.
Next stop $23 (or my stop loss).

Difficult to predict a target price, as that is not what T/A is about for me. Better to refer to some of those sophisticated COMEX data analysis gurus... but be prepared for losses.

 

[Eureka Moments]

Thanks heaps and same to other "Somebody"s that translate this.

I don't trade, but reading the stuff posted on here has made me time my purchases way better.

Has also been helpful knowledge for Higher, Lower, Sideways.

 

[thatguy]

Lol guess blue it was ...as with wrcmad I am clueless about an end point for this thing.... If it makes 25-26.50 ~ apr I will hedge all long contracts and add some shorts until june 30

 

[Eureka Moments]

Yeah, I saw that when I clicked wrcmads link.

 

[Dustin]

Resistance @ 20.60 breached... fingers crossed it revisits

revisited..and resisted quite well thus far. good point to go long? nice call btw