Silvershort
Silver Sentiment Back To Sub 17When look at silver on the daily time frame you can see that it has broken the lower range of a small channel and is now heading to the lower
range of the bigger channel.
Given by the looks of the Indicators it looks like theres enough selling pressure and strength for silver to break through this lower channel and 14 EMA level.
The previous up wave got rejected at the 72 EMA instead of breaking it. If you can see this also often means that price will retrace back.
Entry: 17.100-17.300 area.
Tp: 16.700 > 16.300 > 15.800
Sl: 17.700
Silver still BearishSilver is still bearish when looking at the indicators.
I expect it to touch the lower range around 17.5 and
a possible break of the range from that point. The past
years silver seemed most comfortable in the 15.500-16.800
zone.
This sunday we have the french elections, I personally expect
that Le Pen wont win, giving the Euro a boost on monday. However
I also see a decrease in safe havens because of this which means gold
and silver will drop even though the euro will climb.
Trading advice: Sell the spikes or if your equity allows it sell it at
current market price and be ready to add more along the way or spikes.
Reversal in Bullish Thesis on SilverA couple weeks ago I expressed a bullish thesis on silver given the chart patterns, and if the charts acted the way I thought they would've if the underlying asset was truly bullish, we would've gone past the 18.50 level. However, at that level it appears to have created a double top over the course of two months. If it closes below it's 50 and 200 MA I will look to reverse my thesis completely and try to play this thing on the short side.
After reading from some of the greatest traders in the world (Seykota, Drunkenmiller, etc.) one thing that I have noticed is their ability to change their mind on a dime and go with the trend. Time to put my money where my mouth is.
In terms of getting stopped out, I would look to place my stop right above the 200 MA, which would express a change in the trend. However, I don't want to put it so close to the 200 MA that I get stopped out on a false breakout if that would be the case.
Still trying and testing different stops. Learning.
All the best,
RC
Short on Silver, with low risk intended.Still experimenting XABCD, Fib, and all the basic rest.
Stop loss at 18.60, few capital at risk.
No target settle, to each is own feeling I guess.
Cheers :)
PS : Long would be a good strategy for very long term, what ya'll think ?
Bearish SilverBoth a short term and long term position have been cast. I'm still trying to incorporate the fib circles to the charts, but beyond that, even more basic chartism seems to indicate this too.
Short Silver on Strong Resistance above 18For silver we can see a strong Resistance around 18 level its rejected that area many times if hold below we can see a drop towards 16.5-16.7
Advice to sell in range of 17.45-17.7 sl 18.1 TP 16.5
Short on Silver for Long-Term ?!Dont know why will fall to that lvl's ...! Maybe i'm wrong ... who know !
Silver (yearly view/possible scenarios)There was a clear break of the downtred with wedge formation towards the end of 2016. A strong support was established at 17.20 (blue line). If it bounces back up, we might expect a new test of 18.50 level (green line). If key support line fails to hold, we could see price going as low as 16 to 15.80. Shorting seems like an interesting position in the short term.
*Important: The silver market is highly controversial and there's clear evidence of insider influence/manipulation of price in the past, so take everything with a grain of salt.
To FED or not to FED, that is the question!My vision on Silver is still the same as described over a month ago:
Price of XAGUSD reached 200 day moving average (green line) while 18.24$/oz is a 0.618 fibo.
Please also have a look at the stochastic indicators below the chart.
In my perception price of silver will move slightly up or sideway, touching red box.
The main downward move will happen in mid-March when J.Yellen will decide or not decide on changing interest rates.
Silver Mid-term Short OpportunityHello Traders,
Today we would like to present you TVC:SILVER as it seems to decline in near future. Let us break down the analysis.
Starting with the fundamentals/macro overview as usual:
TVC:SILVER is currently not a very much watched instruments in the financial market, however it shows some interesting pattern. These pattern we would like to provide you.
As TVC:SILVER is in our trading watchlist for commodities combined with TVC:GOLD for the precious metals, it may shows some capital outflows coming in near future for mid-term.
After President Trump will talk in front of the congress by 2:00AM gmt in which he may give a statement of his tax reform and budged plan. "World financial markets will be scrutinizing the 9 p.m. address in the House of Representatives for specifics of how the Republican president aims to make good on promises to tackle tax reform, boost infrastructure spending and simplify regulations he says are harming business." (source Reuters) His content of the speech and tone will be important. He says to bring "one of the best tax reforms which the U.S. had in quite a long time."
In addition markets predicts with a probability of 62.0% vs. 31.0% (yesterday) a rate hike of 25 basis points. This may confirm bearish sentiment towards precious metals as we currently see in TVC:GOLD as well, as it forms our well said bearish pattern.
However, keep in mind that the speech by President Trump at 2:00AM gmt could completely change the picture in worst case.
As we look at our intermarket indications we we get confirmed with our statement, as they currently warn for a big upside moves on mid-term. They mention a short-midterm outflow of capital!
We always mention the importance of intermarket flows, as we believe that investors only repark their money due to sentiment and global macro-economic conditions. Therefore, we always keep in mind the in-and outflows with the help of our intermarket indications that lead us towards better timing when making a trading decision. As you might know that timing is one of the most important things when it comes to trading.
As seen in the chart, our two of our intermarket indications showing a divergence and currently moving in selling territory which might indicate a soon outflow of capital towards other asset classes. One of them is currently turning south ( Silver vs. Currencies). We take into regard always the BIG 4: Currencies, Bonds, Stocks and Commodities.
Looking at the technical perspective and current trading range, we see a clear trend channel in where TVC:SILVER currently moves. However, it currently flirts with a decisive zone (our 50% Resistance Level). Around that level it will be decided what trend direction we see next. As market bounced several times at the drawn trend line above that red drawn decisive range, we might see sooner or later trend reversal patterns. Together with all our analysis, this might confirm our standpoint that TVC:SILVER might move to the downside (first turquoise box or further to the second turquoise box) before continuing long term bullish trend. This move may be initiated in the next 0-3 weeks. If we see a bearish pattern we might take advantage of getting at least a 4:1 Risk/Reward out of the trade.
So, summarizing everything together, we believe that TVC:SILVER might fall to the downside at least on mid-term before continuing long term bullish trend. This underlines our intermarket indications that are currently diverging bearish. The fundamental perspective may give Silver a driver to to potential bearish sentiment around the decisive territory as we soon get interesting trading setups.
We wish you much success,
The Secrets2Trade Team
Silver short advice on Strong supply zoneSilver sell advice on Strong Supply zone.
Sell in range of 18.22-18.6 sl above 19 tp 17.2
Silver Short on E LegLooks Bearish As i can clearly see bears selling at top and no sign of bulls here same for gold as well short at price around 18.050 is nice price as this is very expensive now and no one like to hold this trade on long side.
Good luck Muze(xag/usd)
Silver/USD IdeaIf Silver breaks 18.186, Chances are it will be a good Short position. Ration 2.79%. but keep an eye on because of US Election today.
Major action point reached!My thoughts are written in the chart!
Like if you agree, support and follow please!
Silver daily short Downtrend since July with huge drop in October price is choppy at the moment, maybe nice time to short with the current pullbacks forming on daily and 4hr charts. Maybe price will touch 17.700 then drop again? on the watch list for sure.
like to Sell below 19.079 Would like to sell silver below 19.80 after it breaks the resistance. Just did the opposite in EURUSD
XAGUSD retracement to 19.45-19.1 areaXAGUSD retracement to 19.45-19.1 area, then north to broke long time support of $21
Potential SHORT for SILVER XAGUSD is in a possible 4th wave in an impulse Elliott wave series. This correction has potentially run its course indicated by the high level RSI. I will watch for the correction to either continue to the upside or begin the 5th wave and immediately retrace down to the 1st trend line. If it is indeed in an impulse Elliot wave, then it should continue its decline breaking the 161.8% Fib level as well as the 1st trend line into the demand zone with a possible rebound on the 2nd trend line. A close below the 50 MA will be a very good reassurance of a confirmed 5th wave downtrend.
