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Stepman
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Long time trader in the $ilver market and the physical market. Hold many $ilver producers and maple leafs as well as junk $ilver and eagles. $ilver and gold converter. Try to convert as much as I can get away with.
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Equity Management Academy
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Edward Durfee
  • The VC Price Indicator Futures Swing Trading Instructions Weekly 7-26-2013 0 comments
    Jul 28, 2013 4:38 PM | about stocks: GLD, SLV, FXE, FXB, FXA, SPY, MOO, DBA

    Signals are automatically generated by integrating electronic weekly nearest futures statistics with proprietary algorithms.

    GOLD

    The August gold futures contract closed 1334. The market closing above the 9 day MA (1309) is confirmation that the trend momentum is bullish. A close below the 9 MA would negate the weekly bearish short-term trend to neutral.

    With the market closing above the VC Weekly Price Momentum Indicator of 1325, it confirms that the price momentum is bullish.

    Cover short on corrections at the 1303 to 1273 levels and go long on a weekly reversal stop. If long, use the 1273 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1356 to 1378 levels during the week.

    SILVER

    The Sep Silver futures contract closed at 19.94. The market closing below the 9 day MA (20.36) is confirmation that the trend momentum is bearish. A close above the 9 MA would negate the weekly bearish short-term trend to neutral.

    With the market closing below the VC Weekly Price Momentum Indicator of 20.01, it confirms that the price momentum is bearish.

    Cover short on corrections at the 19.43 and 18.91 levels and go long on a weekly reversal stop. If long, use the 18.91 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 20.53 and 21.11 levels during the week.

    B POUND

    The Sep B Pound futures contract closed at 1.5380. The market closing above the 9 day MA (1.5295) is confirmation that the trend momentum is bullish. A close below the 9 MA would negate the weekly bullish short-term trend to neutral.

    With the market closing above the VC Weekly Price Momentum Indicator of 1.5354 it confirms that the price momentum is bullish.

    Cover short on corrections at the 1.5275 to 1.5174 levels and go long on a weekly reversal stop. If long, use the 1.5174 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.5455 and 1.5534 levels during the week.

    EURO

    The Sep Euro futures contract closed at 1.3281. The market closing above the 9 day MA (1.3117) is confirmation that the trend momentum is bullish. A close below the 9 MA would negate the weekly bullish short-term trend to neutral.

    With the market closing above the VC Weekly Price Momentum Indicator of 1.3240, it confirms that the price momentum is bullish.

    Cover short on corrections at the 1.3180 and 1.3080 levels and go long on a weekly reversal stop. If long, use the 1.3080 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.3341 and 1.34 levels during the week.

    AUSTRALIAN DOLLAR

    The Sep Australian dollar contract closed at 92.37. The market closing below the 9 MA (92.43) is confirmation that the trend momentum is bearish. A close above the 9 MA would negate the weekly bearish trend to neutral.

    With the market closing above the VC Weekly Price Momentum Indicator of 92.06, it confirms that the price momentum is bullish.

    Cover shorts on corrections at the 91.27 and 90.17 levels and go long on a weekly reversal stop. If long, use the 90.17 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits, if long, as we reach the 93.15 to 93.94 levels during the week.

    E MINI S&P 500

    The Sep E Mini futures contract closed at 1.687. The market closing above the 9 day MA (1.636) is confirmation that the trend momentum is bullish. A close below the 9 MA would negate the weekly bullish short-term trend to neutral.

    With the market closing above the VC Weekly Price Momentum Indicator of 1.685, it confirms that the price momentum is bullish.

    Cover short on corrections at the 1.673 and 1.660 levels and go long on a weekly reversal stop. If long, use the 1.660 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.698 and 1.7100 levels during the week.

    SOYBEANS

    The Aug Soybeans futures contract closed at 13.50. The market closing below the 9 day MA (14.30) is confirmation that the trend momentum is bearish. A close above the 9 MA would negate the weekly bearish short-term trend to neutral.

    With the market closing below the VC Weekly Price Momentum Indicator of 14.02, it confirms that the price momentum is bearish.

    Cover short on corrections at the 12.78 to 12.06 levels and go long on a weekly reversal stop. If long, use the 12.06 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 14.74 to 15.98 levels during the week.

    CRUDE OIL

    The August Crude Oil contract closed at 104.65. The market closing above the 9 MA (99.77) is confirmation that the trend momentum is bullish. A close below the 9 MA would negate the weekly bullish trend to neutral.

    With the market closing below the VC Weekly Price Momentum Indicator of 105.72, it confirms that the price momentum is bearish.

    Cover shorts on corrections at the 102.83 to 101.02 levels and go long on a weekly reversal stop. If long, use the 101.02 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits, if long, as we reach the 107.53 and 110.42 levels during the week.

    TRADING DERIVATIVES, FINANCIAL INSTRUMENTS AND PRECIOUS METALS INVOLVES SIGNIFICANT RISK OF LOSS AND IS NOT SUITABLE FOR EVERYONE. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

    Stocks: GLD, SLV, FXE, FXB, FXA, SPY, MOO, DBA
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