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Silver Wheaton Corp. Message Board

  • chemaes44 chemaes44 Nov 12, 2009 8:49 PM Flag

    Newscentral- your indicators

    Hi Newscentral,

    Hope your health is well, I know you were having problems. I was told a few months ago, I have early onset osteoarthritis in my feet. Stan gave some helpful pointers.

    On more than a few occassions now, you and I have posted within hours of each other, after noticing trend changes in the market.

    Yesterday you indicated that you sold your SLW position a number of hours before I saw something in the actual charts that would have told me to sell. I was keying on oil, USD index and some commodity indexes for my triggers, and then I saw the US dollar reversal with oil confirming. I posted maybe an hour or two after I felt sure it was a reversal.

    I would love to gain an extra few hours in making my decisions.

    What were you or your friends looking at? Please specify. In the past you have made mention of the order book. I'm not familiar with that but I've made an educated guess.

    I watch market makers in Canada, noting the ones who are always on the right side of the trade and I follow. I am trying to figure out what the hell are they looking at so I can act at the same time that they do and not just react to them. I know level II information in the USA isn't as detailed so its closer to impossible to follow the MM's as a retail trader.

    The challenge that I have understanding the order book, is it seems numerous unrelated entities all place orders at the same time either shorting or going long, and I'm trying to key on what triggers the smart ones are using to do this simulataneously. Is it some geek sitting in a backroom, analyzing a 1000 variable market model, then sending it to his order desk. And since all the firms have these geek departments, is this why the orders flood the book at the same time?

    Any help, appreciated.
    good trading
    chemaes

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    • Thanks Chemaes MFFAIS is quite a site; it doea have continual breakdown but it still leaves me behind the curve. I'll check out Stockwatch, once again thanks for this andother comments.

    • Johnvleb, it's a report generated from my subscription analytics platform. i don't know where they source it from.

      i use stockwatch.com

      I also started using
      http://www.mffais.com/slw

      but it doesn't show all the holders for some reason.

      chemaes

    • I any event, the current administration seems much too serious. OBAMA! is too articulate to give us those clever "Bushisms" that brought a smile to the face of anyone with an IQ over 105.

      It just takes a different sense of humor with the current administration. Obama administration is more of a Monty Python skit. Just look at all the foreign affair gaffs, Hillary handing the Russians a mislabeled "Easy Button", Obama scraping together a last minute DVD and iPod gift set for the English Royalty and don't forget his embarrassing venture with the Olympic Committee, Biden with his loose lips...come on!
      Upon typing this reply, I reflect, perhaps it would be more accurate to call this administration an episode of Arrested Development instead. hee he heee (Jon Stewart - Bush laugh)

    • Mac, forget that. I got sites mixed up.

    • >> "Do you think it is coincidence that we've positioned our country in just such a way as to cut the USA off from it's next president -Sarah Palin. Fat chance in hell. We plan on holding her hostage." <<

      PLEASE don't hold Sarah (moose killer) Palin hostage. We in the lower 48 desperately need the comedy factor in the next election. Not so sure about our brothers floating out in the Pacific on top of old volcanos. If I was living in Hawaii, I'm not sure I'd give a rat's a$$ about what goes on in DC or anywhere else.

      I any event, the current administration seems much too serious. OBAMA! is too articulate to give us those clever "Bushisms" that brought a smile to the face of anyone with an IQ over 105. (The rest thought he was just "talkin' plain talk".) Sarah, on the other hand, can do all of her news conferences on Comedy Central, and no one will know the difference. We will need that by 2012. Perhaps the Mayans will come slammin' home and end the pain for us all.

      >> "Our French women are, shall we say "infiltrators", not to be confused with "collaborators". They'd turn the 50 or so Gay Republican Senators over to the straight side," <<

      Lucky ba$tard!

    • One thought that is becoming more confirmed as the price and volume has been increasing in mining stocks, more so in SLW, is spiking. We always had hedge funds trading back and forth, but now in the last several months we have some other funds, big players and institutions doing the same. All of them have a direct link to trading data order entry on the NYE. Thanks to a former employer I also have access. Order information does not have absolute value unless you are watching other things on the (second) such as the dollar, China news and other financial news. This really gets involved, as it also, with continued patterns, may give you indications for general direction and what trading activity may be the next day and week. Whenever I see bids filled and matched at small fractions or (even) bids and asks I go to the the NYE. Some times a direction has been established and this is mostly from us traders on the FX. Recently the dollar report has been a major force on the FX for direction. In June and July oil futures and inventory also gave importance as an economic measure, asking us if this recovery is for real. Will the stock market head South again. Notice when SLW is up and silver down and vice a verse, that has a lot to do with all of this also. It is really easy to beat the flash hedgers who have links to the NYE. I have not posted direction in a couple of months. If I am on line and see a major directional change I will post.

      • 2 Replies to newscentral2002
      • Hope your wife's getting better, try to remember it's just another strain of flu...FWIW.

        Were can we novices who know the dollar is the answer to whether the market goes up or down watch the dollar trade against a basket of currencies real time?

        I am always checking the POS on kitco, but, when the price of SLW flows against the price of silver, it has to be the dollar flucuation everyone but me is watching real time.

        Anybody else can chime in if they have a place to watch.

      • I think I see. It seems we are basically doing the same thing, me with my little old retail tools and you with your friend at the NYE.

        When I use to trade the US, I remember watching the bids and asks at small fractions, and hypothesizing that only the old timers, or professional traders would be filling large orders at say $15 1/16, because retail traders wouldn't be thinking about entering numbers like that. It makes sense.

        Good trading
        chemaes

    • Hi Chemaes, SMG, Bodium, Cgreens, William and YDM. My wife picked up that dreaded H1N1 flu virus. I had to take her to the ER. Yesterday, when SLW was at about 15.20, I placed a buy order in at 14.59. It came down to 14.592. So I just missed. I was at the ER at that time. I felt some weakness coming, so that is why I sold some shares the day before. I will explain and post this weekend, probably when all of you are off doing other things. Thanks greg

      • 1 Reply to newscentral2002
      • News, hang in there good buddy, we love to hear from you. Hope you and the wife are O.K.

        On Tuesday I got the word that I have an esophageal ulcer. Apparently I've had it a long, long time due to the scar tissue. Only reason I checked is because I’ve had trouble swallowing the past few months; scar tissue build up. I don’t think it is cancerous as I think I would have heard by now. Getting older can be a drag. How did the Rolling Stones figure that out 40 years ago?

    • "I watch market makers in Canada, noting the ones who are always on the right side of the trade and I follow. I am trying to figure out what the hell are they looking at so I can act at the same time that they do and not just react to them."

      More and more I think this is the real key to market success. Not fundamentals, not technical indicators, not due diligence, not fairy dust and crystal balls. Chemaes, when you start teaching classes on this, I'm on the first flight to Toronto. And if News starts teaching what he knows, we can both head to California.

      Stan

    • "I know level II information in the USA isn't as detailed so its closer to impossible to follow the MM's as a retail trader."

      Chem and others, do any of you know of a really good Level II that allows one to see the whole picture with a tally of bids and asks at any given moment?

      Although today we have a fairly 'good' availability of tools, its like running Mac OS 9.0 when the rest of the world is running Mac 10.6!

 
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