CL Redux

Quote from Picaso:

sim or live?

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Silver up 7%, pulling gold and everything that is an inverted USD play

speaking of silver, i tried it on sim yesterday. it makes CL look dull. :eek:
 
Quote from DonCorleone:

speaking of silver, i tried it on sim yesterday. it makes CL look dull. :eek:
What ticker did you trade? Not sure if we get charts for silver on NinjaTrader with Zen-Fire.
 
Quote from Picaso:

sim or live?

---


live :eek:

I often flick between periods of live and sim.

After a good run on sim recently im live again, but, I think when people have good periods, it is simply a run of luck that gives us confidence that we may be 'on to something'. We confuse skill with variance. I dont think charts are the way to go at all.

Having said that, i've not found anything better than charts (tried DOM/time and sales etc) so I guess ill just carry on and hope im wrong, lol.
 
Quote from BCE:

What ticker did you trade? Not sure if we get charts for silver on NinjaTrader with Zen-Fire.

nymex:@sik1 at IB, may contract. but looks like there's more volume for july.
 
This discussion is good , we need more of these.

once we speculate ( speak out ) different possibilities , it gives different views and bring some clarity to our thinking.

we should be worried about being right etc.. as we know these things can change fast ...

Thanks to P for Chop chop start :p

ADD: showing bit weakness ,
SHORT (parked ) 113.20 , stop: .1 if we get there quickly ( CL spent 4 hours at 113.20 in over night session )

Quote from BCE:

That sounds right to me too. If the index futures go higher I think CL will follow them up, but if they back off maybe not.

ADD Or maybe IV was right about the double top possibility 113.40-113.50 or slightly less.
 
Quote from DonCorleone:

nymex:@sik1 at IB, may contract. but looks like there's more volume for july.
Thanks. I'll check and see if we get it.

April 28, 2011, 10:11 a.m. EDT
Silver challenges record, rallies 7%; gold rises

SAN FRANCISCO (MarketWatch) -- Silver futures rallied 7% on Thursday, leading metals as the dollar was weaker, and markets worried about the U.S. economy growing at a slower pace and a jump in jobless claims. Gold added to gains from earlier in the session. Silver for May delivery (COMMODITIES:SIK11) rose $3.19 to $49.16 an ounce, hemming in on a 31-year record. Gold for June delivery (COMMODITIES:GCM11) added $18.70, or 1.2%, to $1,535.50, touching a record intraday and vying for another settlement record. The iShares Silver Trust (CONSOLIDATED:SLV) , the top exchange-traded fund backed by silver, gained 2%.
 
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