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Silver Wheaton Corp. Message Board

chemaes44 3 posts  |  Last Activity: Oct 22, 2014 9:21 AM Member since: Dec 1, 2005
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  • Reply to

    Critical Prices

    by chemaes44 Oct 20, 2014 3:40 PM
    chemaes44 chemaes44 Oct 22, 2014 9:21 AM Flag

    My Short S&P obviously failed at the stop I indicated. I re-shorted here at 1939 (not using futures on this it's too risky, I'm using volatility through canadian etf, so I'm long volatility since the S&P hit 2012'ish)
    Batting 0 for 1

    Half of my dollar short position was stopped out at 85.35, the last stop is 85.97. Above that stop the dollar is bullish again, for whatever reason (people fleeing to the safety of the dollar:)

    Batting 0 for 2

    I have silver long stopping 17.129 or lower on Dec contract. The price didn't trigger as I outlined at 17.731 to get more long at $17.671 but the intraday price yesterday to $17.653 was only 1.8 cents shy. That means the numbers are still relevant. If by 11:00 am silver finishes above $17.249 my stop changes to 17.220, and I get more long silver at $17.249.

    Batting: jury's out but not looking good

    I have silver standard long stopping for SSRI USA equivalent of $5.63

    Batting: jury's out but not looking good

    Looks like I suck. Here's the thing bottoming or topping isn't usually a specific time, but more a process over time. My rules say the reward far outweighs the risk, so take the position and stop out if necessary but then get back in if you get a signal. I might get stopped 3 to 5 times before I step back because the reward on the potential trade being right will wipe away all of those stop losses easily. However, you have to be in it to win it. I'll always be long some volatility because I figure one day we'll wake up and the S&P will have gapped 50 to 100 points overnight down, and all those thinking they could time a top will be chasing. At these levels I'll always be long some cheap silver miner calls dated out 3 mths or more. I'm looking for an October surprise.

    Good trading
    chemaes

  • Reply to

    Critical Prices

    by chemaes44 Oct 20, 2014 3:40 PM
    chemaes44 chemaes44 Oct 21, 2014 12:47 PM Flag

    goat_frank,

    Please, and at your truculent discretion, in moderation or in excess as you so choose, partake in lip-locking a non-gmo goat phallus, either hairy or clean shaven to suit your immediate needs:) I suggest non-gmo since I imagine your copious consumption of gmo foods has caused some mis sequencing problems in your RNA.

    Enjoy the sausage and milk buddy.

  • chemaes44 by chemaes44 Oct 20, 2014 3:40 PM Flag

    Whazzup guys and girls.

    Long time.

    S&P 500: I've added more shorts at 1895.65 stopping 1897.65 five minute close or higher.

    Silver: 5 min close above $17.731 Dec Silver, triggers taking a long position at $17.671 stopping out $17.609 5min close or lower. This price trigger kills bearish move downward in effect for what seems like years. It's tricky through that price area because silver may pause at $17.82, pullback some, before taking off, or it can just blast through $17.82.

    i don't play silver wheaton much anymore, mainly silver standard resources. for whatever reason if SLW is up or down 2% in a day, SSRI will be up or down at least twice this amount. Daily close above $6.43 CAN is SSO indicates it is a long position. For the last 3 or 4 trading days the price has been jumping around this 6.43 price making higher lows.

    US dollar index is a lock bearish to 84.24 and if lucky 83.97.

    I observe no leadership when comparing the miners to the metal. It seems some days the miners lead and some the metal leads. There is no reward in risk:reward analysis of taking short positions here. Long bear minimal risk and shorts bear greatest risk. Saw a 5000 contract volume 5 min positive candle close a few days ago and haven't seen one like it since Aug 2013 before the 20% move.

    I haven't been around for a very long time, so something must have brought me back. Yes, I adopted my system for the S&P and it's been pretty accurate.

    good trading
    chemaes

SLW
21.41-0.43(-1.97%)Nov 26 4:03 PMEST

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