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SI1! trade ideas

Silver Futures 24 MAY 2021 2314 hrs (trend identification)I am just writing off of the top of my head so the chart is most of the key take aways. If you already understand these idea, then this may not be for you . If you are stuck, i hope that this is helping . I try to put the recommended reading in because that was the hard part.. putting the theories and principles together. There is some crazy stuff out there that usually left me more confused and frustrated. A lot of money was wasted and lost.I was just hard headed and needed to understand what was happening. So again, I hope it helps. Silver is another once where when the volume strikes its very clear. Gold as well. This is a good chart to convey the idea of a primary trend and secondary trend. Notes are on the chart but ill just throw in that you can see the importance of seeing what is going on to the left of where price is currently moving. Previous demand and supply zones (order blocks) are a simple and reliable area to start looking. Previous demand zones are generally where trends reverse or require testing before being broken through. Use volume to determine is SM has been in the accumulation process. Sources of education: Richard Wyckoff Tom Williams Volume spread analysis VSA/ Master the Markets Pete Faders VSA* Read the ticker dot com Wyckoff analytics PsychFX MentFX Dee Nixon Avoid buying into weakness/supply/resistance Avoid selling into strength/demand/support Avoid entry when price is in middle of a range (phase B)
COMEX:SI1!Long
by dee718
Silver RunAn incredible move in Silver seems to be developing. After nearly 7years of being range bound, Silver broke out of the range in a violent move. In less than 4 Months Silver went from $14 to $29+ (more than 100%). It has been consolidating those gains for the past 9 months in a bullish flag or ascending triangle. The resulting move seems fairly imminent and could lead to another 100% move. The flag pattern has a target of $48 but could be exceeded in a blow off top reaching $55 This is a monthly timeframe chart so I expect it to take a little while to play out but 4 to 7 months seems reasonable. NOT financial advice.
COMEX:SI1!Long
by LionelGir
Traditional|SI1!|Long and shortLong and short SI1! Activation of the transaction only when the blue zone is fixed/broken. The author recommends the use of anchoring fixed the blue zone, this variation is less risky. If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea occurs at the prices behind the activation zone. Working out the support and resistance levels of the consolidation zone. * Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action, you can continue working out the idea according to your data, but without the support of the author. + ! - zone highlighted by the ellipse is a zone of increased resistance, in this area there is a possible reversal for a correction, please take this factor into account in this transaction. The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %. The breakdown of the upper blue zone - long. Breakdown of the lower blue zone - short. Working out the stop when the price returns to the level after activation + fixing in the red zone. Blue zones - activation zones. Green zone - take zone. Red zone - stop zone. Orange arrows indicate the direction of the take. Red arrows indicate the direction of the stop. Priority - The value of the priority parameter implies the author's subjective opinion about the more likely activation zone on this idea, this does not mean that this idea will be 80% activated by this parameter, the purpose of the parameter is to provide for the risk of the inverse of the zone parameter. Example: "Priority Long: So the author inclines more in the direction of the activation zone open long trades, in this case, when reaching the activation zone in short you should be very careful, because this area may be highly likely to be punched about the breakdown/do not get to take/activate transaction from go to stop." Please consider this parameter if you use my ideas. SUM PNL: This parameter displays the total % of all closed ideas of the "new" format (according to the author) for this sector at the time of publication of the idea. The calculation is very "clumsy" just the sum of the profits of all the ideas, based on this indicator, you can more accurately assess the risks when working with my ideas of this sector. I present you the construction of the idea, you can use it yourself as you like based on your subjective view and risks, the calculation of the PNL indicator is carried out only on transactions that the author closed on TV in manual mode or by take. P.S Please use RM (risk management) and MM (money management) if you decide to use my ideas, there will always be unprofitable ideas, this will definitely happen, the goal of the system is that there will be more profitable ideas at a distance.
COMEX:SI1!
by Henry_Ross
20