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Commodity Trading Discussion Forum

Re: buy signal for metals-bought dec. si. at 13.45

Posted By: Trades
Date: Thursday, 2 July 2009, at 9:29 a.m.

In Response To: Re: buy signal for metals-bought dec. si. at 13.45 (Ronbo)

Just waiting for the open. Looking at SLV and the uptrendline. Also the 1st 1/2 hr of trading is a dangerous time to trade as a lot of momentum gets unleashed then. But as much as I hate to admit what I'm holding I will be taking a sizable position unless something out of the blue screws it up. Looking good so far! And what I always like about buying support rather than breakouts is you know exactly where your stop is. Not much need for discussion when support breaks down as that's when you know you were wrong at a very small cost typically. I never mind giving up a little as the worst case. Breakouts can reverse and as always you are a long ways from support normally and have much more to lose. Really don't like breakouts for that reason. Good luck with it.....


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