SVF1! trade ideas
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 $26.09.
Short, short!
Silver9.16.21 Silver....a big bear bar lower : what could this mean?..............................................................
New trading strategy upgrade - SilverIt is very worth to buy, the only thing we need to consider is to set up your SL, control the risk and have a cup of tea to see price going up/.1
SLIVER DEC CONTRACTLEVELS AND TREND LINE UNDER 4HOUR CHARTS
1. Chart are in Line Chart Pattern and trend line is drawn which works as support and residence .
2. price are marked on wave pattern under 4 hours which is the combination of Higher -high and higher-low ( support ) and Lower -high and lower -low (residence)
3. two rectangle box also give confirmation of residence on top and support on bottom
4. trend line are marked on weekly data and plotted on 4 hour charts which shows weekly support and residence for sliver dec contact
Silver Future's 8 hour log chartDay traders setup broken. Waiting for broadening wedge to breakout. Until then, we wait to observe where price will turn up.
Silver's Monthly Log Chart with Open InterestWhen MACD wire crossed below zero line from above, led to rallies on the MACD wire up turn.
Silver Micro Futures Reversal TradeThe Metal has reached lower rising trendline and looks good for a reversal trade. It is also supported by 200 EMA . Any Breakdown should caution for trade exit.
SL is set near swing low and can be lowered according to risk taking potential. Target is set near the near term resistance. Risk Reward Ratio - 1:1.
Silver9.8.21 Looking for a Silver trade...........................................................................................
Week 36 gas, nasdaq, silver and btc/eth futures still longWeek 36 gas, nasdaq, silver and btc/eth futures still long
Maybe we see another downmove on the grains or bonds.
Silver long might be also just a quick pump so i am trailing my stop as usual below the low of prior days...
updated watchlist:
www.tradingview.com
Silver's "Chaikin" defined 77$-90$ targetsSomething violent right around the corner...
Tight and coiled... nobody wants silver right now.
Silver on a verge of breakout [above 72540]Silver has been consolidating for a while, and on a verge of a breakout.
Hold positional till
TARGET 94000+.
SL: 63540
Silver follow-up9.3.21 Silver follow-up (hit target) .................................................................................................................
Silver9.2.21 silver. Note: MoneyBags wants to be a Muffin too. Being the benevolent mentor that I am, I will grant her wish, and she will hereto for be called Missile Muffin as per her wishes. Her sister will have two names, Good Muffin and Bad Muffin... pending further notice.
OIL Silver9.2.21 OIL Silver.............some of my price estimates are off a little but the concept applies.
Silver: Some Room Left! ↕️↕️↕️Chances are good that the silver price will still increase a little bit further and approach an area just below $25.50. With this move, the orange wave number iv should be completed, and the market should be able to continue its journey to territories below $20.
Bears ahead!
