SIU2024
Updated
So with the monthly finally breaking , I had repost with my new levels.
Comment
So as of right now we are continuing a down trend. It's currently sitting on a new double 4hr zone. If we break below 27.935 & 27905. I would be expecting it to sell off to the next 4hr zone 27.755. If we push up above the weekly 28.015 and close above the 4hr zone 28.035. This would be a nice 5min chart move to 28.120. Then same plan from there, continuing the trend to the next 4hr to 28.170. Let's see what Asian session and London does. This was a major drop so it could just consolidate for the rest of the week and start fresh Sunday opening.Comment
I did notice after posting this I missed a 4hr zone 29.285Comment
Wow , that's awesome. talk about tapping that 27.755 level and reversing, Got a closure on the 5min chart but I like when 30min closes below the zone because we would have a clear direction. Let's see if we can get a closure above the weekly now to push up to London session.Comment
Ok this one was a little tricky, right after the close just slightly under the weekly zone, Next candle fired up past both zones. There was a huge close on the 5min but I didn't take it due to I wasn't seeing what I was looking for to get in a trade. Each time it broke a zone, it broke all the way back to the next 4hr just about. It's currently trying to hold the double 4hr. Friday's I tend to sit back and watch.Comment
So silver did what I was expecting , After that major movement, it consolidated the rest of week. It should be ready to move during Sunday opening ( Asian session going into the London session).Comment
So currently we have a huge push up off of opening, We broke the 4hr level that I mentioned I forgot to put on here before posting 28.285. I'll be waiting for the first 4hr close at 10pm est. Then from there I will see what we are looking like. If I took any trade from here . It would be a sell from 28.270 , SL at 28.295. TP would be 28.110.Comment
After looking at it , my SL would be 28.315 . 28.295 would be too tightComment
Well the 28.110 got hit , at the 9pm opening we had some volume pushed to 28.330 then pushed down to 28.110 , I would have taken small loss but then I would have re-entered once we came back down to the 28.270 level and SL would have been at the same level. The Win would have completely covered the first loss attempt.Comment
The reasoning for the second attempt on this would have been because we had a 30min closure below a 4hr zone. That's the only reason why I would have gotten in again.Comment
So I wish I could go live on here again, I know they offered it before but I don't see it any more. I took a trade last night at 28.120 to 28.220 , left a little on the table but I was happy about my profits of $488. There was an area price struggled so wanted to wait. It did make it back to the 4hr ( 28.285 )zone but I was currently looking for a break above. never got that then went to sleep. Had to work today so didn't want to be too tired at work.
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