Awesome Silver trade AGQ 2X Silver BullishWe have been rallying from thre last major reversal XR we are at Piot level L4 this is a good buy level, L5 and L6 are better but it is a lte entry. I bought at XR. Silver is just underneath the 200 DMA, so we have to break though that, but I am bullish we could go to H6 @ 41.58, or weekly H5 @ 46.74 and still be beneath the upper red channel line, this trade is a swning trade plan to hold for days to get the berst price.
I suggest catastropic stops, outside the intraday range, having a lot of mall losses from tight stops is conter productive to making a profit.
The highest possibel TP is the red line at $52.62. I bought this at $32 will keep you guys updated, use a 30" or 60' chart and just be patient, wait for top price. When we get close to an H5 or an H6 risk is at it's highest, this is when you water tighter profit protecting stops.
Few normal humans have the clearheadedness to take profits when trade rolls over and falls very fast, near a top i might put my stop below the last 5' candle
I know I sound stern sometimes, but I am here to help Ya'll to profit, and share my 4 decades of experience trading online.
You will like this trade, but only You are responsible for how you manage your trade.
