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Dollar continuing the down trend it is already in. I'd better be smart about this and go long silver. Instead, I'll just have to take a quick trade off the 20-day intra-day MA, and switch my positioning.

Dollar continues to fall, and my breakout indicator doesn't seem like it will work. The only thing left is Silver fear. But, even I am becoming doubtful of that because the dollars continuing down trend. Hmm, this head and shoulder may fail due to external macro events.

Silver trading in a tight range of 29.20, and 29.10, I am seeing a head and shoulder. With a minor gap up in the dollar index. If I can see a break out in the dollar index even temporary. It will give me enough room to scalp a short position in the silver market.

Well I see a head, and shoulder on Silver. But I also need a rise on the dollar. That would be nice because it would add further pressure to silver selling.

If you look intra-day it seems like a Head, and Shoulder chart on the Silver market (9:30Am-11:58AM). I don't know I may be wrong, but it looks like it to me.

Wow I see some big expectations, did you load the "short bandwagon", good luck going for broke.

Yeah I heard about wiki leaks, and to be honest. That doesn't change the fact that BAC was at a technical double bottom.

Oh no operator watch out. Don't start arguing with prop seeker. He is more than likely going to troll you, and end up in a long argument, for an over extended amount of time.

Interestingly enough that was when I was getting into options trading as a beginner. Probably wasn't the greatest start, but I figured out a lot of things from that experience. But, then again only people like Eric would dig into a persons past to talk crap about them. Again that was then, and...

Soros is just Soros. The old dude has a point. Golds rally will end, and eventually all of us will be left scratching our head.

I am liking Martin Amstrong already. His comment stated " is is why gold is the hedge against government, but should "never" be the official standard of government money." Makes perfect sense, something most gold bulls fail to acknowledge. Like Gordan Gecko says "ideals spoil a good deal."

Every time you quote something I say, just to make a response to it makes you look sad mate. It seems to me you want to look right. If I wasn't interested in the topic at hand, I wouldn't have wasted 30 minutes reading the bickering. I was anticipating some good information. Half of what's on ET...

Funny you say calling in the reinforcements. I don't even know this Don dude, or whatever. I could say the same about you, and say that propseeker called in the reinforcements. But, then again that would be un-called for because there's no verifiable evidence of such. The ranting, and raving...

Trading System. So now you have a strategy, next you need rules. My five golden rules are this. 1. Define the longer-term trend 2. Don't take trades overnight, over the weekend 3. Don't trade within the first 30 minutes of a market open. It can be suicide. 4. Stay away from...

I agree completely with Wiseman02. In fact their are a lot of things that are missing in the OP's Analysis. The RSI, MA is good, and all. But, more important is the cause behind a market index, or etc. If you don't understand market correlations, plus you try to take a trade in every type of...

Hey I'll be quite frank about prop seeker. He sounds like a Zerohedge wannabe, trying to interrogate, and find a heist. Lol to be frank Prop Seeker, we're not here to be the SEC. Aside from that point. From the looks of it some degree of information needs to be disclosed in order to meet...

Ah I get it the reason he mentions buying a deep out of the money that has .05 premium. Is because you can sell it later for .10-20 for a decent profit if ti does move in that direction. If you lose you're maximum downside is 100% maximum upside is anywhere from 300-10,000% it's no big secret...

Lol I have an option strategy specifically geared for the GLD, but I don't care to share.

Lol Chucky is basically referring to a strangle, and within the time frame it does make sense. As long as Amazon continues to be as volatile.

In my opinion this is what it sounds like. Analyze the stock, and especially the chart. Look for a fairly volatile play, and sell the covered call or put when you think the market has either hit a top or bottom for a set duration of time. Make sure it's more volatile so you can validate...