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Added again to my SLV position today @21.03: 10/02/13: BUY +1 SLV 100 JUL 14 (289 days) 21 CALL @2.30 LMT SLV@21.03 Cost of Trade: $230.00 + $1.50 comm. = $231.50 Delta: .56 :cool:

Just buying a dip near a Higher Low, near the 50 day MA, which has worked every time since last December. Will it work one more time? Or will we finally get the 10%-20% Pullback/Correction many think should have happened by now? Time will tell... :)

Looking for another Melt-Up to a New High over the next few months: 10/02/13: BOUGHT +1 SPY 100 JAN 14 (107 days) 177 CALL @1.35 LMT SPY @168.28 Cost of Trade: $135.00 + $1.50 comm. = $136.50 Delta: .22 :cool:

Added to my SLV position today @21.03: 10/02/13: BUY +1 SLV 100 JAN 15 (471 days) 26 CALL @1.32 LMT SLV@21.03 Cost of Trade: $132.00 + $1.50 comm. = $133.50 Delta: .33 :cool:

Glad you made some $! Congrats. As long as SLV stays above this line (at 18.71), the Textbooks say the Daily Chart/Medium Term Uptrend is still in place. Making a new Higher High above 23.84 looks like hard work right now, but we'll have to wait and see what happens! :p

Added to my SLV position today: 09/26/13: BUY +1 SLV 100 JAN 15 (477 days) 28 CALL @1.06 LMT SLV@20.94 Cost of Trade: $106.00 + $1.50 comm. = $107.50 Delta: .27 :cool:

Got out with a loss yesterday at 169.31, after 5 down days in a row. Running out of time on the October PUT, and like you say a bounce is likely. The idea was OK, but my timing was off - entered at too low a level. :( Buying the PUT near 170 and selling it near 162 was the ideal trade...

Yes, those moves you mentioned can be seen on the left side of this chart. The 10% Pullback from 170.97 didn't happen, so I'll surely be taking a loss on this trade (Long on an October 164 Put). But a Pullback with some big red bars in the next couple of weeks would certainly help lessen the...

[Update] SPY (November 16, 2012 - September 16, 2013) Uptrend: 23 day Rally: 132.46 to 143.16 = +8.08% 8 day Pullback: 143.16 to 138.19 = -3.47% 34 day Rally: 138.19 to 151.80 = +9.85% 6 day Pullback: 151.80 to 147.29 = -2.97% 32 day Rally: 147.29 to 158.87 = +7.86% 6 day...

Typo: 09/13/13 Higher Low: 20.84 (-12.58%)

:confused:

A 3 point profit is nice. So you make shorter term trades with Weekly Charts, getting out at weekly lows? You're not thinking about Higher Highs and Higher Lows within Trends on Daily Charts? Do you think SLV will make new lows below 17.60? :)

So when would you have bought SLV, and when would you have sold it?

After a 26 month Downtrend from 48.35 (04/28/11) to 17.75 (06/27/13), a New SLV Uptrend has been established: 06/27/13 Low: 17.75 07/22/13 High: 19.89 (+12.06%) 07/31/13 Higher Low: 18.71 (-5.93%) 08/27/13 Higher High: 23.84 (+27.42%) 09/13/13 Higher Low: 21.44 (-10.07%) Total...

Kitco Silver Page: http://www.kitcosilver.com/

Typo: 23.84 to 22.18 = -6.96% (not -1.29%)

A Short Term Downtrend seems to be forming: High: 170.97 Low: 164.19 Lower High: 167.30 Lower Low: 163.05 Lower High: 166.98 Also: There was a "Death Cross" for the 20 day EMA and 50 day SMA at the end of last week. This week SPY was unable to close above 50 day MA Resistance, despite...

SLV currently has solid Support at 22+. The next Major Resistance Level begins at 25.17...

After a 26 month Downtrend from 48.35 (04/28/11) to 17.75 (06/27/13), a New SLV Uptrend has been established: 06/27/13 Low: 17.75 07/22/13 High: 19.89 (+12.06%) 07/31/13 Higher Low: 18.71 (-5.93%) 08/27/13 Higher High: 23.84 (+27.42%) 09/05/13 Higher Low: 22.18 (-1.29%) Total...

Don't worry about making wrong decisions on ET. No one knows our real identities... :p