Posts Tagged trading silver
I'm showing the Weekly silver chart. Usually I look at the Daily charts but it's more clear on the Weekly charts this formation. The price action is actually bearish (so that's the big negative about this trade).. the trend channel is going down but I am expecting a move up to at least 3000. From here, I may take some profit as I'm expecting a move down once it reaches the either the top of the trend channel or before it. Remember, in trading, nothing is certain so we have to contr
March 11, 2013
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Silver silver silver! So we have been holding onto our Silver trade for almost a week now and despite the bullish candlesticks, it failed to go where we wanted it to go... the price crashed below our stop and we were taken out of the market. Grr, we're not doing so well with our trading so far and it's frustrating.
A lot of people at this point abandon their trading strategy.. it's times like these where we need to focus and build on our work to date.. not throw it all away and start a
February 11, 2013
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[caption id="attachment_7658" align="alignnone" width="601"] 16th January - Silver Long[/caption]
I've found that it is always difficult psychology wise to trade as well as you should if you start with a losing trade. Our Gold trade earlier in the week had left us with a 120 point deficit.
Trading Silver is a bit like trading gold as they move in tandem with each other, it's not often that you'll see them diverge. Anyway, I went long Silver on Wednesday after see a positive pin bar.. it sh
January 19, 2013
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