Posts Tagged silver
Yesterday, I went long Silver at 2994 after the price retraced after breaking a resistance line. You can see that the price had popped up past this line and found resistance at the 3000 price area. You always find that there is resistance around whole number values.
When the price fell from 3000 and then rallied, I saw the opportunity to go long.. I didn't wait for the price to break 3000 as I saw quite a lot of strength in the price action. However, as you can see the price did stall for a b
January 17, 2012
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I've had an awful couple of days with trading as you know but that's the nature of trading.. I'm happy to say that I've covered those losses already and back on the positive path... :)
First trade was taken last night, this was a buy on silver.. I saw that the price action had bounced nicely off a support line and just went long. I had a target of 29.73 which was hit the following morning for 34 pips. People think that trading should be complex but it doesn't have to be.. just look for patt
December 21, 2011
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Today was a straight forward trade.. I put an order to short Silver 10 points below the previous support as you can see below and put a 100 point limit on it.
It worked like a treat and I got my 100 points relatively easily but the market continued without me. As I write, Silver is at 31.44 meaning that I left more than 50 points on the table.
I do find it very difficult to know where best to take profits.. I've done the take 100 points in the past to find it ends up like today, it moves f
November 17, 2011
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