thinking Gold and Silver sell-off through RTH hours tomorrow, Thursday...thoughts? agree?...they are way overbought...way overbought
anyone ever notice that both Gold and Silver seem to offer good short/sell set-ups pretty much daily from somewhere between 12-4pm EST..just noticing it...really after pit traded Gold and Silver are closed and also pit Oil...hmmm
1) You know what, I "take it back". Stick with the mini's. 2) "Big silver" is $50 per penny per contract. I believe you need to divide the "$2950" by five.
trading today... -4.5 mini-Gold +.053 mini-Silver ...held Gold too long and exited Silver too early...
hmmm...it's about 2-6 ticks at anytime but, I've found it really does not matter it your looking for +3 points in the mini Gold or .050 to .100 in the mini-silver...then, it doesn't really matter the spread. You cannot scalp it but you for sure can trade for profit if wanting gains larger than I mentioned...
so you could be 6 ticks in the hole and the price hasn't even moved yet? that's a lot of pain and gets worse when it goes against you :eek: and they always go the other way if only for awhile