SLV - Chart Link - weekly major breakout
potential that could have a long way to go up over time.
again this is what makes trading not one set thing, depends on your
time frame and risk tolerance and goals. Silver and gold got very
extended and a short-term trader might have sold and even shorted
that and could get a nice trade out of it
on the other hand, a trader who is longer term and thinks that
Silver has broken out of a major pattern to the upside, he may
elect to not sell his silver as he's holding for the bigger
potential uptrend, or he may elect to take a hedge while holding
his longer term long. The point is, there's many ways to trade
things depending on your style and goals.
Posted by tradeit007 on 5th of Apr 2024 at 06:50 am
Matt, could you share (youtube tutorial perhaps like the recent
one for SI?) knowledge for trading a near-vertical up market (e.g.,
SI and GC)? Assuming both have broken out of significant patters
& suggest potential for trending. I say near-vertical (up) for
these markets due to inflation, political uncertainty, fundamentals
& war. A lot to ask, I know. Thanks for any consideration.
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Silver comments
Posted by matt on 4th of Apr 2024 at 09:50 pm
ZSL - Chart Link - nice doji there, as Steve alluded to potential evening star on Silver, ZSL Inverse ETF has a morning star potential
$SILVER - Chart Link - daily
SLV - Chart Link - weekly major breakout potential that could have a long way to go up over time.
again this is what makes trading not one set thing, depends on your time frame and risk tolerance and goals. Silver and gold got very extended and a short-term trader might have sold and even shorted that and could get a nice trade out of it
on the other hand, a trader who is longer term and thinks that Silver has broken out of a major pattern to the upside, he may elect to not sell his silver as he's holding for the bigger potential uptrend, or he may elect to take a hedge while holding his longer term long. The point is, there's many ways to trade things depending on your style and goals.
Matt, could you share (youtube
Posted by tradeit007 on 5th of Apr 2024 at 06:50 am
Matt, could you share (youtube tutorial perhaps like the recent one for SI?) knowledge for trading a near-vertical up market (e.g., SI and GC)? Assuming both have broken out of significant patters & suggest potential for trending. I say near-vertical (up) for these markets due to inflation, political uncertainty, fundamentals & war. A lot to ask, I know. Thanks for any consideration.