Posts Tagged trading silver
I decided that I was going to short silver today, my entry was at 3200 with a stop above the previous high at 3220. My target was 3180 which is a 1:1 trade. Also 3180 was a support level which you can see in the 15 minute chart. You would expect a bounce at this level but you never know how far so I rather take my profit here.
I have found that by taking at least a 1:1 trade you have a chance of making money. If you get into the habit of any less than this, you will be sure to lose mo
March 29, 2012
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Sometimes the simplest trades are best and today was once such day. I had a support line drawn at the lows as you can see in the chart below and as the price hit it for the third time, I went long at 3153. My stop was at 3145 so only 8 points away and I took profit at the previous top. A nice and easy 30 points!
March 23, 2012
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I've not been about for a few weeks.. there are times as a trader when you need a break to research, read and practice. I believe that's it's important to always be learning when you're trading the markets as you can get clutter which can be a result of significant emotional feelings when trading.. ie when winning a lot, when losing a lot or even if you don't win or lose but feeling that you're not making progress. It's important to take time out and reflect. Me personally, I've been having quit
February 13, 2012
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