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Silvershort

Shorting Silver Some MoreSilver looks like to be continuing going down. The big banks probably need to buy some more physical Silver, so they are pushing the price down in the paper / futures market. I will probably buy some physical silver as well. But as a trader I will short it. Most retail traders are bullish, which is a good indication we will go lower. Here is the entry in my trading log: Date Pair Direction Trade Trend Level Signal Entry 2019-05-26 XAUUSD Short With trend Down Horizontal Resistance Indicision break
OANDA:XAGUSDShort
by dave25981155
SILVER DAILY TIMEFRAME SHORTSilver is set to follow it's long lost posh cousin, gold, on the sell-off. This is quite a risky trade considering the large pullbacks in the silver market. Plus there is the notion of entering a short when the market is already oversold. But we don't care about indicators, do we? Surely i entered a short trade on the last gold trade when the stochastic oscillator was heavily oversold, but i came out with some profits. The only perk was i had to go and write an exam the following day, while holding the trade and when i came back home to the Wi-Fi zone, it had barely moved. It only started moving when i was relaxing thinking of of how to get rid of my headache. Still, we won the trade so that's that. My entries on the trade are as follows: Entry: now or never!!! Stop loss: 14.583 Take Profit: 14.000 or sooner!!!
TVC:SILVERShort
by munyaelliott
Silver stepping lower?Silver has been making lower lows and lower highs. This indicates price is trending down. Price has moved back to the moving average. In other words: it has reversed to the mean. From here there is a high probability prices will continue moving lower with the trend. If price moves up past the recent high, then the trade is invalidated. I have entered at market with a stop above the recent swing high and a take profit target at the lows of December 2018. This is my entry in the Samurai Trading log : Date Pair Direction Trade Trend Level Signal Entry 2019-05-07 XAGUSD Short With trend Down Dynamic Resistance Indicision Market
OANDA:XAGUSDShort
by dave25981155
SILVERIn a clear bearish channel. Odds are for further downside. Blue triangle indicates the current range. Green box is buy. Red box is sell. Blue line indicates potential support/resistance . Green line indicates t/p. This is a log chart. This is not financial advice. All charts shown on my page, including this one, are just for fun. If you enjoy my ideas please give this post a like and follow my page if you would like to see future posts! :) This chart is made using fib channels.
TVC:SILVERShort
by Halams
5
Elliott Wave View: Silver Extending LowerShort term Elliott Wave view on Silver (XAGUSD) suggests that the decline from February 21, 2019 ($16.21) is incomplete. Structure of the decline from $16.21 is unfolding as a zigzag Elliott Wave structure. Wave B of this zigzag structure ended at $15.63. Wave C lower has started and should subdivide in 5 waves. Down from $15.63, wave ((i)) ended at $14.88 and wave ((ii)) ended at $15.34. The internal of wave ((i)) subdivides as 5 waves of lesser degree. Wave (i) of ((i)) ended at $15.35 and bounce to $15.58 ended wave (ii) of ((i)). The metal then turned lower in wave (iii) of ((i)) and ended at $14.95. Wave (iv) of ((i)) ended at $15.16 and wave (v) of ((i)) ended at $14.88. Bounce in wave ((ii)) unfolded as a zigzag Elliott Wave structure in lesser degree. Wave (a) of ((ii)) ended at $15.8, wave (b) of ((ii)) ended at $15.08, and wave (c) of ((ii)) ended at $15.34. Silver has since resumed lower and broken below wave ((i)) at $14.88, suggesting the next leg lower has started. We don’t like buying the bounce and expect bounce should find sellers in 3, 7, or 11 swing as far as pivot at $15.34 stays intact
FX:XAGUSDShort
by Elliottwave-Forecast
Elliott Wave View: Short Term Weakness in SilverSilver broke below March 7 low ($14.96) and shows a sequence of lower low from Feb 21 high ($16.2), suggesting further downside is likely in the shorter cycle. The decline from Feb 21 looks is unfolding as a zigzag Elliott Wave structure. Down from $16.2, wave (A) ended at $14.96 and wave (B) bounce ended at $15.64. Internal of wave (B) subdivided as a double three Elliott Wave structure where wave W ended at $15.53, wave X ended at $15.1, and wave Y ended at $15.63. As Silver has broken below wave (A) at $14.96, this confirms wave (C) has started. An ABC zigzag Elliott Wave structure has a subdivision of 5-3-5. Thus, wave (C) lower needs to have at minimum 5 waves subdivision. Down from $15.63, wave ((a)) ended at $15.35, wave ((b)) ended at $15.58, and wave ((c)) of wave 1 ended at 14.95 low. Above from there we are currently in the bounce in wave 2 which should fail against 15.638 peak. Potential wave (C) target can be measured as equal to wave (A), which comes to as low as $14.08 – $14.37. This will effectively retest the 2018 low at $13.87. Wave (C) may truncate and not reach the ideal equality at $14.08 – $14.37, but at least we should be able to see 5 waves subdivision within wave (C). Near term, while bounces stay below $15.63, expect Silver to extend lower.
COMEX:SI1!Short
by Elliottwave-Forecast