1st March 2012 – Pattern Study – The news follow the chart

Ticker:

 

1. ZSL, SLV, GLD, GLL

 

Topic:

 

1. The news follow the chart.

2. Fast and Furious!

 

Lesson Learnt:

 

1. Double top at SLV.
2. Double bottom at ZSL daily chart.
3. Bernanke was out giving speech. Such a coincidence! ---- Again, the news follow the chart.
4. Warren Buffett stated in his report that "Gold is not an Investment !" ---- Another proof of the news follow the chart.
5. The trade was fast and furious. Volume is huge. There is totally no time to hesitate if you want the trade.

 

Intraday Chart

Historical Chart

4th Oct 2011–Falling for the silver trap again !

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
				15.80	losses	1 day

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

1. Stop loss triggered.
2. Intraday 20MA and 50MA lines are now acting as resistance instead of support.

 

Lesson Learnt:

 

1. May be my stop loss was too tight. We will see whether this is true or not tomorrow.
2. Price dropped below the 200MA line also, I just don't like this immediately after my purchase.
3. GLD also bounced from its  daily 100MA line, so theoretically, silver will follow through.
4.  I still cannot trade commodity like gold and silver well.

 

Intraday Chart

Historical Chart

3rd Oct 2011–Biting the Silver Bullet

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
16.50				15.80

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

1. Price seems to hold pretty well at the intraday 20MA and 50MA line.
2. Daily chart shows that the price has retrace back to 200MA line.

 

Lesson Learnt:

 

1. It seems like GLD and SLV are trending the same direction as indexes recently. However, the trend might reverse anytime.
2. After entry, GLD still hold on. So play close attention to this ETF. Watch where it gaps on Monday.

 

Intraday Chart

Historical Chart

10th Aug 2011–Here I come again… ZSL!

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
13.80				12.92

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

1. A double bottom at ZSL in its weekly chart.
2. SLV chart pattern seems to display weakness.

 

Lesson Learnt:

 

1. This is a very hard to trade ETF because SLV is a hard to trade commodity in general.

 

Intraday Chart

Historical Chart

2nd Aug 2011–Didn't I tell you not to play with SiLVer fire?

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
	13.50				Even	1 day

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

1. PANIC SELL !!!!!
2. GLD still come all the way back up.
3. All indexes suddenly turn down instead of rally. DJIA turn from opening +150 to -100 over points.
4. So GLD and SLV start to get buyer again. This is really not what I want to see.

 

Lesson Learnt:

 

1. I should have let it play out with my stop loss intact. This is only 1 day maybe should not be so panic.
2. Anyway, we will see whether I am right or wrong on this one tonight.

 

Intraday Chart

Historical Chart

-NA-

1st Aug 2011–A silver lining between right and wrong.

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
13.37				12.89

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

1. GLD has just nice touches the top part of its trend line. In fact a very safe spot to Short GLD.
2. GLD Intraday start showing weakness in its intraday chart.
3. SLV reached its previous high of 40.5 and it start to show weakness in its daily chart.
4. SLV intraday showed that it started to poke down thru the 20MA and 50MA lines.
5. ZSL formed a double bottom formation.

 

Lesson Learnt:

 

1. Need to watch the move of GLD to trade SLV or ZSL.
2. Be very patient to wait for the safest entry. GLD and SLV are very tough commodity to play with.
3. The Obama success in the debt ceiling seems to crush the GLD advance right on time.
4. Be ready to get rid of the holding at anytime.

 

Intraday Chart

Historical Chart

24th June 2011–Textbook is always right !

Ticker:

 

1. SLV, ZSL, GLD, GLL

 

Topic:

 

1. Textbook is always right.
2. Just like what I have expected on 14th June post.

 

Lesson Learnt:

 

1. The pattern is just like what you read from the textbook. For SLV, a sharp dive,  followed by a strong rebound and then another dip. In this case there is another small rally back to the resistance line before the actual dip.
2. For GLD, a double top observed.
3. The potential of ZSL and GLL is looking pretty high now.
4. Looks like the Gold rally has stopped !

 

Intraday Chart

Historical Chart

14th June 2011–Pattern Study - Watch out for the metals!

Ticker:

 

1. SLV, GLD and ZSL

 

Topic:

 

1. Text book kind of Bearish pattern for SLV.

 

Lesson Learnt:

 

1. Does the pattern looks familiar?
2. GLD has breached the uptrend line too.
3. Daily chart of ZSL shows that 20MA and 50MA lines are merged and now the price is above both lines. A strong buy point for ZSL.

 

Intraday Chart

Historical Chart