SIU2024
Updated
So this is one of my favorite charts to trade on the daily basis, Futures gives great returns. I love scalping this. As of right now we are currently in a down trend but we have came down to a strong weekly area 29.045 which has been support since May of this year. We did see a major bounce right before reaching that price and is hold above another weekly. Sunday I will be looking to see how we open. If we get a closure above the double 4hr (29.450 / 29.475) zone I will be looking for it to continue to the next 4hr zone.(29.650). If we don't see that I would be looking for a break of that weekly (29.045). If we get a closure below that , we could see a quick drop I believe .
Comment
Huge opening price breaking the double 4hr. I'll be waiting for 8:20pm before attempting to see a trade opportunity. we tend to see volume at 8:25pm estComment
So I ended up taking a BE after selling from 29.505. 9pm est opened up and retraced before pushing down. I was up $175 and moved my SL to BE and with the quickness I got knocked out. All good waiting to see if we get a closure below 29.045. 4hr is not looking bullish as of right now.Comment
Next good opportunity would be if we get a closure below 29.250. from there it should push down to 29.060 & 29.045. Then will be looking for a break and closure below that zone ( monthly is 28.900 )Comment
Took another sell entry at 29.380 , up $300 and closed at the 29.250. Great trade , just had to wait for the fake out to be completed. There was an opportunity once we got a break below the double 4hr zone but I didn't take it . Let's see if we can get a closure below 29.250 now. Not sure if I'm allowed to share my amount I'm making on the trade. Not trying to get my chart hidden. So took a risk posting this.Comment
This was an awesome London session , we did get drop from 29.250 to 29.100. that's not to far from what I was looking for. 5min chart was a fantastic entry opportunity for the sell. Still looking bearish. Still looking for the break and closure bellow 29.060 & 29.045. That's a daily and weekly zone. from there its a clear drop to the monthly level 28.900.Comment
Look at that, we got a great break of 29.045 and just about made it down to the monthly. Unless this 4hr flips, we might see a major drop to the down side when New York opens.Comment
Welp that weekly zone is holding strong, There was a pattern that looked very bearish but it was then engulfed right away with the next 30min candle and zig zagged the rest of the morning. Asian session and London session has always been my favorite time to trade due to the smooth price action. Just another day to add to the journal. Over all great day 29.250 is still holding which is another weekly. I was thinking about making a video on the way I put my zones on the chart and how I keep my SL tight to stay consistent. Ive been working on my trading for 4 years now and truly have learned a lot. We all want to make money in the market and if you can take something from what I've learn and helps you make money with your strategy that would make me feel awesome. Thanks for taking the time to check out my analysisComment
We had a great double 4hr tap ( 29.450 & 29.475 ) then a huge sell off to the monthly 28.900. Looking for a hold or break there.Comment
As of right now Silver seams to be holding that 29.250 level , waiting to see a break above . This a lot of consolidation right now, doesn't look like we got much news for today either. If not I will be looking for closure below 29.215 . if that happens I'll take my sell entry from there to 29.060. We will see what happensComment
There we go just after I posted I took a buy after that due to the 5min closure. popped up super quick. set a BE and took some profit due to it hit the 29.305 weekly area . let the runners continue . Lets gooooooooComment
I'll be closing my runner at 29.345 , we closed above the 29.305 tooComment
I ended up closing my runner at 29.335 , I was up a good amount on that and wanted to be out before New York .Comment
So I needed to address that when I said we had a closure above 29.305 it was on the 5min. not on the 30min that you can see on this chart posted. Right as I closed my runner ,it broke back below 29.305 . As of right now it's looking like it's retesting 29.250 again. I'll be waiting tell 10am est before looking for another tradeComment
Look at this consolidation ........ This is why I get out during New York session . Asian and London & pre New York is best for this pair. In my perspective.Comment
That 29.250 is holding strong, can't break above & hold.Comment
Look at that , we break and test and break and test and wait break and test . Wait where we going lol we doing the consolidation boogie lolComment
Alright finally we got something, I'll be looking for a break and closure above 29.450 & 29.475. Hopefully we this during Asian session. If this happens I'll be taking a trade from 29.475 to 29.710 SL would be below the double 4hr zone. BE would be once we get to 29.585.Comment
Well sadly I fell asleep so never got to attempt this, But after reviewing it right now. It kept breaking the zone and right away breaking back below, It would have been a losing trade for me on this one. Glad I was asleep lol . Still right now never got a push off the zone & 4hr never closed above 29.475.Comment
So after going through this I had add new zones due to so much consolidation in one area and delete past 4hr zones so I can focus on what's current. We have a daily at 29.480/ Double 4hr 29.545 29.555/ Double 4hr 29.430 29.425. As of now I'm not looking for any buy's tell we break and close above 29.555. If we start to sell off I would be looking for a closure below 29.425 then sell to the next 4hr zone 29.330. We will see what the market does, hopefully this happens before New York , I got to got work today unfortunately. Dang post office . gonna master this so trade full timeComment
I'm going to have to post an updated chart with my new levels. that 29.250 weekly level has been a strong level. We are working are way back down to the monthly again. I still believe if we break that & close , we might get some major volume. Looks like New York never fails with the consolidation on this pair. We did get a break and close below 29.425 but it didn't happen tell 12pm est , this it was a great sell off the rest of the day.Comment
Wow wow wow , I said this pair moves during Asian & London session smoothly. We finally got a break below that monthly and I knew there would be a lot of volume. There is clear room to drop hardhats been fighting this level for weeks.Comment
This is looking good to push lower to the monthly level 26.550. From there I would be expecting a bounce to the upside. Its a strong monthly area
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