Im back!!! DXY and multiple pair reviewsUpdate and review on current Forex market mainly DXY and pairs
SVF1! trade ideas
Silver and Gold4.2.22 This is a general discussion about gold and silver with an emphasis on the concept of expansion and contraction. I talk about this type of behavior incessantly because it is successful, and critical to my trade decisions, and it's done by scanning the chart using minimal wind tools. It has nothing to do with most of the indicators traders use on charts, and for this reason it may be elusive to some traders. Near the end of the video I talk about what I think is going to happen generally to the market, especially equities and that this will have a substantial effect on the ability to trade because some markets will eventually contract making it more difficult to be profitable. Other markets may force brokers to increase their margin which protects the brokers and their clients even though it may restrict your ability to trade because of the size of your account. However, I will be looking for volatile markets because that's where the money is. The fundamentals are that the dollar is in serious jeopardy, and its status is about to change. This is going to affect the banking system, the reserve status of the dollar, interest rates, and the vulnerability to the equities markets, employment numbers etc. These markets will be more difficult to trade, and they almost definitely will be restricted by administrative decisions. Nevertheless, there will be opportunity in select markets. I believe there will be opportunity in the metals market, and this includes a short squeeze in the silver market, as well as the gold market finding higher prices, and new highs. New highs does not mean that the market can't make corrections lower, and this is why you need to think in terms of buyers and sellers, and inflection points using extensions, pattern tools, support and resistance tools and special patterns such as 135 patterns. I am looking forward to working through computer issues so that I can use Multi-charts with a lifetime subscription, but having used for about seven years. I believe this will make trading more effortless once I'm in a trade when I figure out how to get the system running reliably. My general goal is to focus strictly on markets that I am interested in trading, and there will not be many markets. The fact is even desirable markets become more or less tradable as they expand and contract. So if you have four or five markets, and some of them are completely unrelated to other markets that would be of interest, that's more than enough markets to trade without being overwhelmed with too much information.
Silver futures. Today's matrix for intraday trading.Hi everyone. My analysis done for my main timeframe 5m. I start from higher timeframes D1, H1 and move down to lowest m5.
Detailed levels for buy / sell. On the screenshot below 🠗🠗🠗
i.ibb.co
Silver futures . Today's matrix for intraday trading on m5 timeframe.
My trading is based on market phases.For timeframes m5.
Trading on m5 timeframe.
Silver Commodity USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
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A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
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Long above 1 hour bar that crossed prior days high or lowTarget on silver reached, so nice breakout trade profit today.
in general the strategy works on fast moving markets, mainly because you take profits below prior one hours bars the is no room for slower upward moving markets.
Soft / Energy and Metal Commodities perform best on RTH charts
Indices and Grains dont perform well.
In general if you only enter one hour later the nasdaq or natural gas today may already have moved the longest distance, so I would monitor prior days low area and then enter on a higher 5 min bar that touched prior days low on really fast moving markets...
silver 4h timeframe W recovery instictspretty tricky point here to enter any new position. stoploss bellow previous support which is forming a W recory in 4h time frame
Multi Year Breakout in Silver. A New Bull Run?Silver Micro Futures has broken out from a triangle pattern with good volumes. It has been correcting under the same for nearly 560 Days. Due to geopolitical tensions, commodity prices are expected to rise. This could mark a bull run in Silver. Resistance is marked in Red. So it would have to take out the supply area to continue Rallying.
Even Though This could be the start of a bull run in silver, I would like to make a small and quick profit from the bullishness.
Buy @ 68888
Target @ 74757
Stop Loss @ 65466
Risk Reward Ratio 2:1
As it has broken out from a year-long correction we can expect silver prices to go higher after taking out Major Resistances.
Note: Views are personal, Not Responsible for P & L. DYOR before trading/Investing.
Silver: Down, Boy!Silver is being a bit stubborn these days. After finishing wave (x) in blue at the lower edge of the orange zone between $27.39 and $28.66, it has generally been moving downwards. However, this movement has time and again been interspersed with upwards twitches, which have lately returned it to the mark at $25.49. Nevertheless, we still expect silver to continue its descent and to head for the support at $21.41 in the long run.
Silver: Close Call 😮💨That was a close call! Silver has missed our alternative scenario by a hair’s breadth by popping above the resistance at $25.49. As it has gotten its act together just in time though and has drawn back again, we still expect silver to return into our pink trend channel to move downwards below the support at $21.41.
However, although it has been narrowly avoided, our alternative scenario with a probability of 45% remains. If it prevails, silver should rise into the blue zone between $25.88 and $29.34 first before turning around again.
Silver Futures (SIK2022), H4 bullish continuation!Type : Bullish continuation
Resistance : 25.660
Pivot: 24.325
Support : 23.910
Preferred case: Prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for a bounce from our Pivot at 24.325 in line 78.6% Fibonacci retracement towards our 1st resistance at 25.660 in line with 100% Fibonacci Retracement . Our bullish bias is further supported prices trading above our ichimoku clouds .
Alternative scenario: If prices were to reverse, they can potentially dip towards our 1st support at 23.910 which is a graphical swing low and also in line with 100% Fibonacci extension .
Fundamentals: Amidst highest inflation recorded for the most developed countries, we are likely to see crowds flock to safety on safe haven assets such as precious metals, supporting a overall bullish bias. As the renewed attacks and scheduled negotiations are on the way, we would expect much volatility from the asset.
Silver Futures (SIK2022), H4 bullish continuation!Type : Bullish continuation
Resistance : 25.660
Pivot: 24.325
Support : 23.910
Preferred case: Prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for a bounce from our Pivot at 24.325 in line 78.6% Fibonacci retracement towards our 1st resistance at 25.660 in line with 100% Fibonacci Retracement. Our bullish bias is further supported prices trading above our ichimoku clouds.
Alternative scenario: If prices were to reverse, they can potentially dip towards our 1st support at 23.910 which is a graphical swing low and also in line with 100% Fibonacci extension.
Fundamentals: Amidst highest inflation recorded for the most developed countries, we are likely to see crowds flock to safety on safe haven assets such as precious metals, supporting a overall bullish bias. As the renewed attacks and scheduled negotiations are on the way, we would expect much volatility from the asset.
Silver Futures (SIK2022), H4 bullish continuation!Type : Bullish continuation
Resistance : 25.050
Pivot: 24.040
Support : 23.765
Preferred case: Prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for a bounce from our Pivot at 24.040 in line with 61.8% Fibonacci retracement towards our 1st resistance at 25.050 in line with 61.8% Fibonacci Extension. Our bullish bias is further supported RSI being at levels where bounces previously occurred and our MA 50 & 200 forming a Golden cross.
Alternative scenario: If prices were to reverse, they can potentially dip towards our 1st support at 23.765 which is a graphical swing low and also in line with 78.6% Fibonacci extension .
Fundamentals: Demand for commodities caused by tension built-up Russo-Ukraine crisis has resulted in a long time rally on the precious metal. The situation remains fluid as we await negotiations at the Belarusian-Ukrainian border, we urge investors to remain on the side-lines.
New trading strategy upgrade - Hi traders, this is my personal trading idea only. Please give an AGREE/ LIKE, my trading strategy is Price Auction - using Chart only, your comments are highly welcome. My chaos drawing is not to predict and guess the further, it is my plan where we are on the chart and how we shall trade on what we see. Trade well & Good luck guys.
Silver's open interest v2Silver - please understand where you are now.
Last time this setup seen was in 2005.
But this time we have more fuel...
{insert rocket ship}
Sliver SI1! Long Bullish Elliott Wave long term analysis
A perfect EWcount for the start of a long term bullish W 3,3,3
All Macd´s cross were for wave 1 end and the beginning of a wave 2.
All waves 1 were either 0,382 or 0,618 of the 5 waves formed to complete the wave 1 of next degree.
The charts speaks for itself!!!
good luck!
SILVER SI1! Bullish Elliott Wave long term analysis
A perfect EWcount for the start of a long term bullish W 3,3,3
All Macd´s cross were for wave 1 end and the beginning of a wave 2.
All waves 1 were either 0,382 or 0,618 of the 5 waves formed to complete the wave 1 of next degree.
The charts speaks for itself!!!
good luck!
Silver lags for now, wait for it...dg78 asked me about Silver... so a quick look here.
The Silver Weekly chart is lagging Gold, but does appear to consolidating since mid 2021. Trendlines are tilting downwards as price appear to be testing harder each time. Last week closed above the 55EMA on a nice looking bullish candle that gapped up and pushed to close above the 55EMA. MACD in this instance is also about to cross into the bullish zone.
Lagging Gold, but can turn up fast, like previously.
The Monthly chart shows a pennent/flag pattern with the long term target of about 41.20 in mid-2023. Noted that the retracement since the Aug 2020 top did not reach the 55EMA as a support, which can be viewed as a bullish bias indication.
Not yet ripe, but when it runs, it should run fast with much potential, IMHO...
Silver: Into the Green 🌱 🌿Silver needs to relax a bit and as its last foray into the green was too short to enjoy, it has treated itself with another trip. We expect silver to extend the stay until the upper edge of the green zone between $23.69 and $24.43, where it should finish wave 2 in green. Then, it should turn around and leave the green zone to go down below the support at $21.94 and afterwards even further below $21.41.
Still, there is a 38% chance that silver could surmount the green zone and rise above the resistance at $24.75. If it makes it even above $25.49 afterwards, it should continue the ascent.
Silver MCX biased IdeaAs far as my understanding is about charts, I personally believe silver can be a great shorting candidates from resistance zone with proper price confirmation.
SI1! Short : The Right ShoulderWe forecast a downward movement owing to the shooting star candlestick pattern, as well as the head and shoulders pattern and the retreat on the 61 percent Fibonacci retracement.
