SV1! trade ideas
Week 06 Updatesee my watch list where I am long or short
www.tradingview.com
LONG:
after thursdays inflation data report, many re-entry longs where possible, but non of the long trades got stopped out
New long is in theory Silver but palladium and gold are more bullish at the moment. lets not trade all markets but stick with crude oil and soybeans for long trend trades :-)
SHORT
gas still in short trend (stop is trailed above prior days high)
Short on breakWatch for breakdown on Silver - 1H close below trendline
Expectations :
1. Looking for similar action to the one posted here:
2. Whereby - weakness on this current bounce and a pullback or a small ranging action (on lower time frame) around 22.75 -22.85 zone or below
Price targets :
22.15/20 - previous low on the 1H candle 16:00 UTC on 22/1
22.00 - next support level from 6-7 Jan lows
21.45/50 - below that is a 2 times low on 1H candle on 29/9 and 15/12
However should 1H close above previous high of 23.06 this MIGHT be invalidated, will update accordingly
*Prices and trendline drawn based on Silver Continuous Futures listed as on COMEX, prices may differ from your broker especially if you are trading CFDs or other forms derivative
**All timing based on UTC+0
Silver: No Dormancy 🐻 🐻 🐻 Usually, at this time of year, bears would be snuggled up in a cozy cave or den for their annual dormancy. However, at the silver market, they are full of beans and hold onto the price fast.
After agonizing about it for a while, the silver price has finally fallen below the resistance at $23.48. Thus, we consider the downward trend we predicted affirmed. If the bears can keep the price below $23.48, we expect it to go even lower and break through the next marks at $21.94 and $21.41.
Still, there remains a 30% chance that the bulls could interfere and cause a change of direction. If they prevail and bring the price back above $23.48, they could even manage to shove it above the resistance at $25.49.
Silver1.23.22 Silver :I am using a silver chart, but this is more about how to use certain tools, and how to work them into your charting and your trading. Obviously, you would like to use your tool to evaluate some behavior that's important to you, but someone else is looking at different behavior and Willie use the same tool differently because that person has different priorities. If somebody is showing you how to use a tool because that person says the tool works, you want to be very careful about the context and be aware of the reason for that person using this tool. On this video I'm talking about extensions, and two different ways of using extensions, but if you are not really sure of the reason for using that extension, if you're not going to use it consistently and you'll find that it may be less useful to you, or even counterproductive because your success won't be so much about that tool, it will be more related to the way you think about the market.
Silver Future Yep so a stop order is usually a pending market order that only triggers once that price trades. Market psychology dictates that some prices are very likely to have a lot of stop orders waiting there, often much larger size than can be absorbed by the limit orders on the other side, this is why the price shoots up or down very quickly when the number of market orders outweighs the limit orders on the opposite side.
====> PLEASE IGNORE THE NOTES. I'm lazy when I have to write messes up in my brain.
Bitcoin Silver12.31. 21 Bitcoin Silver: The reason why I spend so much time on Bitcoin and silver is that they represent volatile markets which have incredible behavior that can be analyzed and translated into profitable trade decisions. The tools that I am using, and the method of analysis translates to any market that is volatile. This may be my last video before the new year, and I would like to wish everyone the best in the new year that follows. We live in a very dangerous time in our history as can be witnessed by all the social disruption in many countries throughout the world. There is tremendous corruption in the political class which results in a loss of freedom and a loss of prosperity towards the people they should represent. No matter what your political persuasion may be, this should be apparent to most people. I hope that there will be no wars and more suffering in a time that suggest that it is very possible that this may happen. Most people care about their families, and their children. It's built into their DNA to want the best for their children and their families. Let's hope that tyranny and injustice do not prevail. In the meantime, I hope that those who follow my posts will persevere and take the time to understand the message so that they can make a decision to use that which resonates with them in a meaningful and prosperous way. Trading is a business, and like all businesses, it requires perseverance, and as is with all businesses it can provide experience and wisdom, and prosperity if you persevere. If it takes a little more time an effort, then try to stay steadfast and work through the challenges. After all, it's not just about the goal, it's about the path towards that goal.
Two trades on silver.12.29.21 Silver: Found a target for the short trade and along trade with a target. Showing step-by-step and multiple trades is very time-consuming. This will be the last video today. While I have not spent that much time analyzing the silver futures in the past, price action, volatility, buyers versus sellers, and expansion versus contraction are the same thing you should be concerned about in any tradable market. The reality of the actual trade may be a little bit different than the theoretical... And this was shown on the entry of the long trade because I can see the market was having trouble moving lower and I want it in at the lower price so that I could target my exit before I ran into problems with sellers. In effect I made some modifications and adjusted to the circumstances, and sometimes I'm going to lose money, or make less money, or I get out too soon. It is not a perfect world. The one thing I want to avoid most of all is getting stopped out and losing money. The next thing that I would like to not do, is the get out of the market too soon when it's working in my favor. Getting stopped out loses money, but getting out to soon lose this opportunity, which is better than losing money. When you avoid getting stopped out effectively, this will be the beginning of making a lot of money if you're careful...imo. I took a lot of time to tell how I process information, it's not an apology. It is my way of trying to tell you how I spend my time and what I'm doing when I'm trading: I'm talking to myself. This is much easier than trying to take notes and write things out. I avoid distracting music and noise. Assuming that I don't slip into a catatonic state, I will realize when I am silent and not thinking about the market maybe I'll get up and make another cup of coffee and then I start talking about the market when I'm thinking of trading the market. This may or may not be useful to you. When I'm talking the market I'm scanning the chart and everything I see more or less I describe and hopefully I inculcate my tools and associated plans so that it becomes a very efficient way of focusing on the market and making good trade decisions relatively quickly. Why do I bring this up? Because if I am not talking and explaining what I see, I will tend to drift, and I believe I will fall out of touch with the market. This is especially true when markets are difficult, I want to be certain that I don't avoid an analysis when I'm uncomfortable, I want to ask the question that addresses my discomfort and try to think through my issue based on the market. I almost never avoid the effort, however if I can answer to my problem with the market so that I can't make a more objective analysis from the market, then I make a decision to not trade at that time unless my conclusion is I shouldn't be in the trade and then I get out before I get hurt. Markets do become confusing at times... And if it is the market or it's my inability to work through the probabilities, I accept that I don't know clearly what it's doing and I would much rather just get out because I don't need to be a hero, I only want to make money when I risk capital. I do not believe, at least for me, that I can trade a market consistently with no specific analysis, rather just a calm, peaceful thought of this moment "now"... and Eckhart Tolle type of thing. Your results are to a significant a function of how you use your gray matter. I like TolleI, but it not the right state for me when I trade. I am busy when I am about to make a trade decision and is usually in a minute or two. It is about what you should be doing and what you should be doing...consider for a moment along with the rest of your analyses after each trade. It is fast and easy to do.
Silver Commodity Mcx - Buy Setup
** We here mention some level & target with sl.
** Stop Trade means :- Fully here stop.
** Stop move & valu base with target touching (when target hit or near so this sl use per targeting valu).
*** Here share harmonic base & chart base analysis, so any analysis don't put 100% sure.
Harmonic supported high target with mid setup :
Entry : 61500
¹Target 61890
²Target 62300
³Target 63087.956
Stop Trade 61390
Stop Move 61598
3rd stop vv 61888.567
Avg buy Level 61540
Avg Target 80 Point
Avg SL 80 Point
Harmonic Low Setup:
Entry 61500
Entry 61400
Entry 61238.97
Target 1/2/3 :- 50 Point
SL Move 80 Point
SL Valu 50 Point
by AaYeVoN Team