Loading ...Mr.C. I have hundreds of these from old G-E days back to 2003.
professional pit traders =some do some don’t
(pittrader) Sep 25, 11:53
Some pit traders are in a trade for 10 seconds,or less.These traders could care less if support is at 577.80,yet we all like to determine where the most buying pressure and selling pressure is likely to occur ,and we look at previous highs ,lows etc.Option traders have lots of stratagies ,and are more inclined to be in trades longer, so there is no rule of thumb.IMHO ,Gold and Silver are in the 3rd inning of this 9 inning game…………..a coiled spring will unleash in the 7th inning ,where prices might go up double or triple every 6 months or so…………….I see that” they ”are and have been in full control since i started trading. i remember when they changed the rules for the Hunt brothers====overnight”you can only sell out a long position”………from that day forward its been patently obvious…they must stay in control………..look at prices ”they” like up , i. e. real estate/sm,===these prices have gone up 1,500 percent since i started in 1974 hmmmmmmmmmmm………. we are barely up 100 percent from a 20 yr low in gold,big deal,big deal. when we are all afraid to buy at 1,200,the prices will probably start acting like the nasdac did between 1995 and 2000.We will need mentoring to stay in for that spell. all need to know that i see 100 charts a day for 30 yrs………..yet some great great chartists and real thinkers on G.F ,as good as youll find anywhere!!!!!!………..STAY FOCUSED…. the action is putrid the last 3 weeks…..bleeding down. It would be favorable to get a late day reversal in the up direction soon………….so we all wait for that first day
IM ALL IM
(pittrader) Sep 25, 11:16
I am a trader of 30 yrs,used to be in the pits ===gold and silver. this is the best forum i know of. great chartists i must say………..tuday i am all in!!!!! goldcorp esp. purchased thousands of calls for my own account this morning. I am buying calls up to a yr forward. one thing i would like to add I ASSURE THE ACTION ALL THESE YEARS STINKS OF MANIPULATION .ALMOST EVERY SINGLE DAY, THE GOLD AND SILVER BREAK ON CUE AS NEW YORK CLOSES/ACCESS BEGINS . EVEN ON BIG UP DAYS!!! I welcome any questions about pit trading. thanks to you all…………….again dyod but i am now all in as they say and highly leveraged.this is not for everyone.
kuda
(pittrader) Sep 25, 12:18
me playin the dumb game of buying gg calls nem calls 6months out and further……….strikes 15 to 40 percent higher than the underlying………i am of the opinion that when m lynch,morgan,etc want in on this move that thay will come after the BIG FISH,and the public will be enticed to pool precious m’s into higher caps at first….where there is most liquidity and we will see inflows to higher caps and big names,overweighting will be given to these stocks first………..gg is a kmart special ,50 percent off in aisle 3………………
IPSO VOLUME
(pittrader) Sep 25, 12:56
Im familiar with this index,but for me volume is not something that i key in on all the time.as is the case news releases and or big moves push the volumes over the daily ave volume.But this is self evident to most………………..ONE thing i would like to add that after all these years………….price movement even if it happens on little volume is wayyyyyyyyyy more important than huge volume and little price impact…………i dont give a darn if gold goes up 45 dollars on ”little” volume……….bottom line is it went up 45 bucks……..if there was so much resistance ,it woulda never got there…you could see that in the future…………. where prices of stocks and the metals aregapping up with no volume whatsoever….just repricing up so to speak. ————-by the way i always use siver as my key to strength so im watchin close as we speak
fullgoldcrown my11.53
(pittrader) Sep 25, 13:44
nice to meet you and have admired your posts.thanks for keeping a keen eye on my 11.53 post.SURE THING ,ill take this reversal day up, a big sigh.wondering why the hui seems so lethargic………got lucky on crude as well this morn..took a flyer at under 60 crude,getting out of that lucky bottom fishin crude trade now………seems like they failed to deliver the knockout punch on the pm bulls this morn…………..we shall see what the week brings , if we can do a kreeper up this week,well have legs and footing ……….sure seems better than closing at the low of the day, the lead weight needs to be lifted ….lets work on the hui now!!!!!!!!!!!!!!!!!!