#Silver testing the 2008 High!With regard to all this money printing that occurs and continues abound
I equate this price to picking silver
like it was priced around 5 dollars
good time to pick up some silver eagles (if u can find them)
SILVER1! trade ideas
Buy SilverMIC for target of 63000Hi,
In Daily chart, Morning star pattern formed and yesterday's bullish candle confirming the reversal of trend. Buy SilverMIC Nov futures at CMP of 60681 to 60750 for a target of 62800 to 63000 in 8-10 trading sessions. Please maintain the stop loss at 59400
trades with Lower probability, but have a small stop & ok Rewar9.27.21 Silver: Deciding between a short trade with a higher risk, and a long trade with lower probability, a lower risk and a good reward. On this example, at the time we are looking at it the market broke below the support area. Because of the trade location shorting the market at this time requires a fairly large stop. However, the market had a reversal at a measured move and while it's trading lower to retest the measured move it is failing to make a new low. This trade does not require a large stop, and it may very well go high enough to make it a decent profitable trade. Sometimes you will find trades that are worth taking even though their less probable than other traits, and this is because you feel they have a decent target with a very low risk. This is to illustrate the possibility that there are traits that you can take because you feel the risk is worth the opportunity... Even if the probability that the trade will work is less than optimal. The way you develop comfort with trade decisions like this is that you track your results, and this can give you a sense of whether or not you're good at this and whether or not this type of trading style will work for you. Much of the time trading is not a black or white decision. In addition, some trades are more difficult to take than others, and you will get a feel of this and use it to your advantage if you are aware of this. For myself, if it's too difficult to make a decision I will almost always decide not to take the trade. If I decide not to take a trade, and it would've actually worked, I will go back and think about this as well. My attitude is that if I don't take a trade because I don't like it and it would have worked, all I lose this opportunity. If I take a trade and lose, I lose capital and that is more significant to me.
Silver, Bitcoin, T-Notes all had the same short setupEntering shorts if price is below 18 moving average with a limit order above the 50% retracement, (weekly high - weekly low)/2 + weekly low, is a profitable strategy on some instruments.
lets keep a trailing stop above prior days high and exit a trade if there is a close above 18 moving average...
EVERYTHING is defined by time frame.A critical concept non chart traders have difficulty understanding...
Silver but its cheap?silver would have to be one of the most under valued commodity imo based on a technical chart its down nearly 60% from ATH and pushing the lower band of the demand zone.
like gold I would mark this as a monthly time frame chart "big picture trading" and if $20.85 holds it could form that cup n handle similar to the gold chart, if price breaks that support $14.99 true demand should kick in and I personally would load the truck up with literal bricks!
Silver Futures Trade The Range! Longs and Shorts Silver has been in the current sideways range for 410 days and within this time it had printed its ATH of 30$ back in Feb 21.
In August we tested the bottom of the current range to around 22$ with a 11% move to the upside thereafter followed
by a strong rejection at 24.90 to push silver back down to the August range Lows at $22 for the back test.
We are sitting at the bottom of that range so an obvious choice would be to long or you could wait and see what reaction you get
at the levels marked .
I have marked the area you can expect support to step in if this were to reject from 24XX for example and break down from the channel .
If of course Silver claims that level 23.90 as a support then the middle of the channel will pose some resistances , with the Point of control and the .618 and the middle of channel .
Taking some profits if you are long from the bottom would be a good idea or consider shorts from this region .
Trade the range Until it Breaks was some great advice that I was taught !
Always Know your Invalidation and Have a Trading Plan !
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Silver: Bearish! 😲 😲 😲For the silver price, the bearish scenario is continuing, and we are expecting the price to fall under $21.81. However, there is a small chance of 20% that the course comes back and increases above $26.09.
Short, short!
Silver9.16.21 Silver....a big bear bar lower : what could this mean?..............................................................
New trading strategy upgrade - SilverIt is very worth to buy, the only thing we need to consider is to set up your SL, control the risk and have a cup of tea to see price going up/.1
SLIVER DEC CONTRACTLEVELS AND TREND LINE UNDER 4HOUR CHARTS
1. Chart are in Line Chart Pattern and trend line is drawn which works as support and residence .
2. price are marked on wave pattern under 4 hours which is the combination of Higher -high and higher-low ( support ) and Lower -high and lower -low (residence)
3. two rectangle box also give confirmation of residence on top and support on bottom
4. trend line are marked on weekly data and plotted on 4 hour charts which shows weekly support and residence for sliver dec contact
Silver Future's 8 hour log chartDay traders setup broken. Waiting for broadening wedge to breakout. Until then, we wait to observe where price will turn up.
