JI
jimkane
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I have to start the topic again? C'mon, let's get some volunteers in here. Okay, Sunday night showtime, let's roll.
ER
EricD
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Posts: 692
so on Friday as Jim stated Silver was at the "KGZ" (basis 120 Min)one had a choice to play for larger ABCD or a move to the 1.27
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ER
EricD
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Posts: 692
trying to post and trade these quick moves isn't easy ...much respect to Jarek, Roofer and the rest of the "Kane traders"
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JI
jimkane
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Notice silver rolls right off the area I mentioned, right to where?, the key .382, and then up it goes, back to the high for the move. Let's see what it does from here. It's 'seeing' the areas quite clearly, I think.
ER
EricD
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Posts: 692
at the "KGZ basis 1 min.....partial profits or play for the larger area just above the most recent high. Decisions..............
JI
jimkane
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Nice charts, Eric, you posted the last on while I was hitting 'post' on my last one. Yeah, that's the area it came back to. It went up to the area I expected, pulled back to the area I expected, and started to bounce. Now we see if it can overcome that bigger area with such a small checkback. If not, it may form a complex correction here. Or, it may be done with upside. As a waiting buyer of silver at $20 (), I prefer they kill it.
JI
jimkane
Rep: 3,058
Posts: 33,089
The one thing I will say as far as a question like that, I feel it is important to know the answer, in the broadest sense, before the trade is put on. Price action can tip my decisions to a small extent, but 'context' answers this for me, my decision ahead of time as to what my play is, and I have that in my mind before anything unfolds. I understand you are just musing out loud here, but for the benefit of all the readers, I want to make that point clear as far as my own approach.
Originally posted by EricD
at the "KGZ basis 1 min.....partial profits or play for the larger area just above the most recent high. Decisions..............