junkie - see my comments on Silver just below. A valid
trigger on that setup was a print above yesterday's high (hammer)
with a stop at yesterday's low. Nice move up after trigger -
trim and trail up stops in accordance with your style.
Thanks, Steve.. but I cannot do that intraday: I have a day job.
I need a lot more information than just candles, as I trade futures
with $10 per point.
Silver closes at 2:40pm Eastern, not at the 4pm as the indexes
do. At 5pm the move was already under way.
However, this entire move looks like a huge stop run (deliberate
manipulation by bullion banks). Was there a good reason to buy
technically after a 3.4% drop? Were any of the indicators
supporting a buy? Thanks for the info.
It may be a stop run but I was simply pointing out a valid
trigger and now one must manage the trade. Best wishes as
it's very hard to trade futures without being able to monitor the
entire day.
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junkie - see my comments
$silver.. It posted a bullish hammer at the close at ...
Posted by steve on 30th of Jan 2020 at 08:51 am
junkie - see my comments on Silver just below. A valid trigger on that setup was a print above yesterday's high (hammer) with a stop at yesterday's low. Nice move up after trigger - trim and trail up stops in accordance with your style.
Thanks, Steve.. but I cannot
Posted by junkie on 30th of Jan 2020 at 08:57 am
Thanks, Steve.. but I cannot do that intraday: I have a day job. I need a lot more information than just candles, as I trade futures with $10 per point.
This EW could be true although I do not believe it fully: https://www.insidefutures.com/article/3127836/Elliott%20Wave%20View:%20Silver%20Has%20Scope%20for%20More%20Downside.htmlThe indices may go lower from here.
junkie - it was NOT
Posted by steve on 30th of Jan 2020 at 09:08 am
junkie - it was NOT intraday (they were daily candles and the trigger was after hours)
Silver closes at 2:40pm Eastern,
Posted by junkie on 30th of Jan 2020 at 09:16 am
Silver closes at 2:40pm Eastern, not at the 4pm as the indexes do. At 5pm the move was already under way.
However, this entire move looks like a huge stop run (deliberate manipulation by bullion banks). Was there a good reason to buy technically after a 3.4% drop? Were any of the indicators supporting a buy? Thanks for the info.
It may be a stop
Posted by steve on 30th of Jan 2020 at 09:20 am
It may be a stop run but I was simply pointing out a valid trigger and now one must manage the trade. Best wishes as it's very hard to trade futures without being able to monitor the entire day.