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SI1! trade ideas

Siver MCX ready for huge upmove 71000 very important support on downside For all trade on my Auto Harmonic patterns indicator trade setup - Risky trades can take trade after crossing 23.6% on either side and safe traders can take trade after 41% We can start buying when our Trailing SL hit at 23.6% with SL of recent low our Target will be 41%, 78.6% , 127.2% 161.8% and 223.6 % , when reversal pattern appears on chart we have to trail our SL if trailing SL hit exit from long trade and initiate sell trade ,
MCX:SILVER1!
by JaiPrakashShuklaHarmonicTrader
Silver - A 50% Long Setup. Trade Only. No HODL.In a post on Silver from June, I analyse that a run to $33 is on deck: Silver - 33 Moons And An Options Opportunity In the time that has passed, we've had two ~10% bounces that have been sold off. To me, this is a peculiar pattern for a trendline play that leads to new lows in the immediate term future, and represents confirmation that $33 is on deck. However, I'm also expecting a very bearish September across all markets, which I outline in a recent call on Nasdaq: Nasdaq Futures - Are You Prepared For Red September? Because I believe that we'll have a giant rally that takes out the tops of a lot of things heading into the end of 2023, and 2024 will mark the beginning of the real economic calamity. When it comes to silver and gold being bullish in the long term, they should be, but the market manipulators will keep price supressed for a few reasons. The first is that a renaissance in precious metals, or even a bubble in precious metals, will amount to promoting bullion, coins, bills, and even ore. These things are mankind's traditions, and are at odds with the current International Rules Based Order (IRBO) pseudo-Chinese Communist Party culture that more or less wants to install something like a cross between Shanghai's Zero-COVID social credit system and the Taliban. The second is that China, which is still governed by the CCP and Xi Jinping, has bought an incredible amount of gold in recent times, if reports are true and not fabricated at least. And so a short raid on precious metals would amount to a de facto economic sanction against China, which the IRBO claims to be de-risking against. Moreover, if something should happen to the Party, whether that be natural disaster, a greater pandemic, Xi performing a Gorbachev-style coup against the Party overnight, or Heaven finally dealing with the CCP's 24-year persecution and organ harvesting genocide against Falun Dafa's 100 million spiritual practitioners, because China holds so much gold, there will be open selling into the market. Prices will crash because the very wealthiest families on this planet are safeguards of tradition and will take advantage of the situation to purchase back that physical bullion and jewellery at record low prices amid the chaos. "Buy when there's blood in the streets, even if it's your own," they say. So here's the current call on silver. The fake double top below the early May gap at $25.5~ is definitely manipulation. It's traded back too far and hasn't shown any bullishness to give us confidence that we're going to go from $23 to $26 or $27 as a breaker pattern. Because "resistance" has been printed, many very large players and retail traders who are short will position their stop losses over $26 and $27. This becomes a target. And in the meantime the goldbug moonboys have long stops under $22 and $21, which just so happens to be an untested gap. So the trade here is to either look at a short on a retrace to $24 with a target of $21~, or just wait for $21 with a target of $33 by year end. And then sell it all. Sell your spot. Sell your bullion, if you can't be hedged short. Silver will eventually truly appreciate, and in a significant way, but it's not very likely to manifest before the new future unfolds. And so in 2024, we may really see numbers sub $15 again. Ergo, because metals are, in reality, ranging and not trending, it's not a market for "buy and hold" to be an intelligent strategy. Good luck.
COMEX:SI1!Long
by LordWrymouth
2
Oil SilverThis is the 11th of September. This video is about contraction of the market and the difficulty of making trade decisions when markets are contracted. In my view it is much harder to trade in contracted markets and it's harder to make more money in contracted markets. You have a much greater chance of losing money. There will be times when you enter a market and it is not contracted, but then it contracts. Personally this is when markets get frustrating to me and in the past I didn't understand it... and so I would battle with the market because I didn't understand and associate the general relationship of buyers and sellers at that time and thought and if I was a good trader I would know how to manage difficult markets like this....And I can tell you that I am very happy to report just how to do that.... I stay away from those markets as much as possible so that I don't risk my capital. If it's an issue of being a gladiator or a chicken... and the chicken point of view keeps me from disaster and losing money... I'm proud to call myself a chicken if it meant I didn't lose money.... because if I don't lose money on bad trades, I preserve my capital.... And I maintained a relatively lower stress level because of it... and I'm okay with that as well. I don't really need to trade the difficult trades. In NLP I'm probably auditory kinesthetic... I'm not sure because I might be kinesthetic auditory. In trading if there was an NLP algorithm... I would be 90% chicken and 5% heroic. I need wider range boxes...or I can't play.
COMEX:SI1!
by ScottBogatin
Bobby's homework assignment Silver9.6.23 This is a review of the silver trade that started yesterday. I drew a new chart today because that's how I do my analysis after the trade. I think this is a very important video for Bobby and will set him up for things that I'm going to show him as we move forward. And I know that MonyBags we'll take a look...although she's a very good Trader..but this might give her some ideas. I consider myself an old dog at this... and yet some of this is being modified... and that's okay as long as you trade with caution and you constantly review your trade decisions.... and get rid of the ones that cost you more money that is unacceptable for you. My advice to most people: Don't plan on a system that you think will give you money everyday. Look for a system that is very easy for you to handle and it will give you good rewards with minimal Stops and has nice returns...So you can have a peaceful existence with the market.
COMEX:SI1!
by ScottBogatin
Silver has battled this trendling for 13 Years!August is officially in the books, and other than Platinum rising $100 from $885 to $985, there was little to get excited about. Precious Metals were flat, where hot economic data and a hawkish Federal Reserve supported the U.S. Dollar and Treasury Yields, further pressuring prices. As the month went on, softer prints from Consumer Confidence, ADP, GDP, and Jolts data cast doubts on the Fed's ability to maintain its hawkish stance. The September FOMC meeting now sits at a 93% chance that the Fed will leave interest rates unchanged. Chinese Stimulus China made another attempt to support its economy overnight by cutting the reserve requirements on foreign currencies. The immediate reaction was a breakout in Copper prices and a retest of the 200-day moving average. Still, as the day session progressed, better-than-expected employment data left traders uneasy ahead of the long weekend, booking gains in Copper and reducing exposure in Precious Metals. Silver is stuck in a Trading Range Silver futures started the week on a firmer note but fell back as the week progressed and look susceptible to a more extensive correction next week. In the last article, I indicated that breakout traders will use a close above $24.75 to establish new long positions. However, the lack of upside momentum makes me question the strength of this "bull market." Those long Silver will want to use $23.79 as their stop-out point or short-dated put options such as the "week two, $24.50 puts" for protection. Remember, prices remain trapped between $23-22 on the downside and $26-25 on the upside and lack a real catalyst to trade any higher. For those of you who are "perma bulls" on Silver, it would be wise to wait for a correction before adding to positions. www.tradingview.com CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs Disclaimers *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
COMEX:SI1!Long
by Phil_Blue_Line
Silver on the verge of a breakout? The precious metals complex received a nice boost off the weaker than expected Jolts and consumer confidence on Tuesday, and we have ADP coming on Wednesday that is expected to come in at 195,000. We are expecting this number will be a strong catalyst for the market, and if we can see a number higher than expected, we could see the market take a big hit to the downside for the precious metals and specifically the silver market. On the technical side, silver carved out a nice bottom in the middle of august, and we are now trading out above a key pivot level of resistance of 24.70-24.77. Price action out above here keeps the bulls in control, and they need to defend that level which will now act as strong support moving forward. Looking at the chart, there is strong trendline resistance from the highs back in May of this year. If we can see a good ADP number, Silver could take out this trendline and look to take out the 25.28 level, and then the next level would be 25.80-25.82. We are getting close to overbought territory on this December contract for silver, and we typically see some selling pressure when the RSI gets near that 70 level, so there is great volatility to be expected this week with the strong technical points and the fundamental backdrop. Check out CME Group real-time data plans available on TradingView here: www.tradingview.com Disclaimers: CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
COMEX:SIZ2023
by Ryan_Gorman
Two Levels to Watch in Silver It was an impressive week for commodities across the board, with everything from Precious Metals and Energies to Agricultural markets grabbing headlines. Inflation remains worrysome During the Pro-Farmer Crop tour, excessive heat across the Mid-West triggered volatility as farmers asked themselves, "How much heat can this crop handle?" You may ask yourself why metals traders care about crop conditions or energy prices. The answer is simple: food and energy comprise the two main components of inflation. As prices rise, inflation rises, and the Federal Reserve steps up its fight against inflation, leaving interest rates "higher for longer." That impacts the trajectory of Gold prices and is the main reason prices have failed to take out recent highs. On the other hand, Copper, Platinum, and Silver continue to monitor clues from China regarding additional stimulus measures that can potentially boost demand for the metals. Silver Exploded this week Silver futures rallied sharply this week, tacking 6.7% coming into Friday's Jackson Hole symposium. While we welcome the gains, it's hard not to pay attention to the seemingly rangebound trading affair we find ourselves in. Prices remain trapped between $22 on the downside and $26 on the upside. Breakout traders will use any close above $24.75 to establish new long positions, while a "breakdown" below $23.39 will spark additional liquidation and fresh "naked shorts" in the market. We will want to re-establish long positions on and correction below $23 while utilizing call options to play an upside explosion above $26. Remember, "every bull market starts with a short covering rally." www.tradingview.com CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs Disclaimers *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
COMEX:SI1!Long
by Phil_Blue_Line
Bobby's homework assignment 28.24.23 Since I ran out of time on the previous video I decided to come back and finish my discussion of the silver market. It's very easy for me to draw range boxes... but I don't think it's very easy to believe what I'm doing.... I would not believe it until I had more familiarity with it. so I decided I would show you the range box and how I might trade it and how I could actually trade what will be the beginning of the range..... and continue trading it as the market becomes more obviously a range. Most important pattern that changed Trading for me... Occurred when one day I opened up some charts and ask myself "What is the easiest pattern for me to see"? .....And what could I trade only looking at that pattern and nothing else. On that day it was a rage box.... I can't even remember what market it was... and I figured if it looks that easy I could get a couple trades.... maybe I could look each day for the possibility of a range on a different market.... that was okay because I really didn't want to trade a lot. I was looking for A nice return on a couple trades A month... and that would be fine. Not everything turned out that way.... but it was a blast and I got to refine A few matters along the way because I wanted to help a very dear friend that I had known for most of my life. The problem with silver Is that it is at A resistance but it has very strong Bullish price action. I would not fight the bullish price action... so I wouldn't take a short trade. I would wait.
COMEX:SI1!
by ScottBogatin
Silver - 33 Moons [And An Options Opportunity](Using 3-Day candles for visibility only. Consult weekly/daily yourself) I have an open call on Gold in that I believe a new high will be set, but it won't actually be bullish, because metals are going to dump pretty hard in the future and try to make retail sell their bullion. Gold - When A New ATH Prints, Will You Get Trapped? I hadn't paid a lot of attention to Silver and was on the sidelines until it dumped 10 percent this week, and now I believe there is a crazy good opportunity. The problem with Gold is that the Chinese Communist Party bought a lot of it and they're going to get margin called or are the ones actually short selling. The problem with silver is that there's not a lot of it left and it's really needed for technology. When smart money wants to buy they accumulate at low prices and distribute at high prices. Often times what precedes the biggest moves are smaller moves that serve the purpose of wiping out and shaking out early short sellers and trapping retail traders who just love to buy high and sell low. There's a lot of geopolitical risk in the world right now, as you can tell from the weekend "Prigozhin Coup," which I cover the implications of for the US Dollar here. DXY - The US Petrdollar And The "Prigozhin Coup" In Russia But the biggest geopolitical risk is what happens if Xi Jinping gets up one morning and dumps the CCP. Nobody believes this can happen and nobody is prepared for it. But when it happens, it will implicate the whole world for both Xi and China to survive, they will have to weaponize the persecution of the 100 million practitioners of Falun Gong committed by the Jiang Zemin faction starting in 1999. Since much of the world's financial sector and governments have dirtied themselves with Jiang in the persecution, when that day comes, it will mean that everything, everywhere is limit down. The liquidity will be gone, the algos will be off. Markets will no longer be made. It is what it is. In the meantime, nothing about what's going on with silver is bearish. Prices are low and it makes you want to sell, but it's actually a situation where you want to go long. I believe that $21.20~ or $20.80 is what it's aiming for, and afterwards, the target will be at least $29. So, what about options? One of the ways you can trade this move is calls on the SLV BlackRock ETF. Getting in at $19~ and seeing a $10 move would push the ETF to at least $30. There are two things that are significant about this: 1. Jan '24 at the money calls (based on the price right now) are $2.21 2. Average Implied volatility is only 24% and the 52W week low is 23.6% and the 52W high is 36%. What this means is that calls are cheap and if iVol were to expand on a bull run from say 26% to 40% you'd pick up an extra ~$1 per contract on top of the strike gains. The AGQ 2x Bull ETF has even more potential upside but it's a lot more risk and the swings are a lot more dramatic, for really obvious reasons. All of this also means you can speculate in mining ETFs and individual miners. You need to use the underlying commodities as your metronome, though. But this also means you'd have to be able to hold a winning position for 3 or 6 months. You'd want to take profits at $27 and $29. But if you get ahead of yourself and buy the $30+ high thinking that $50 and $100 and $500 are coming, you're likely to get seriously hurt. Something is going to happen in this world between now and Q1 2024 and it's not going to be good news for the people lost in delusion wanting to have happy days and be a big baller. Be careful, and happy trading.
COMEX:SI1!
by LordWrymouth
Big Flat! Sharp MoveHello friends, I hope you are having a productive week. I would like to share my ideas on the Elliott Wave Principle with you. Please refer to the attached chart for more information. If you are interested, you can also check out my previous analysis. I want to mention that my understanding of this principle is based on my personal experience and I am still learning, but I hope to provide better analysis in the future. Thank you for your continued support and I look forward to our mutual success. Best regards, Mr. Nobody. Go up and never stop.
COMEX:SI1!Short
by mehdi47abbasi79
2