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The Silver

  • #1
  • First Post: Sep 7, 2024 6:15am Sep 7, 2024 6:15am
Welcome!
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  • #2
  • Sep 7, 2024 6:57am Sep 7, 2024 6:57am
Let's see if this kicks off.
Risk Management is of utmost importance!
  • #3
  • Sep 7, 2024 7:26am Sep 7, 2024 7:26am
congrats and good luck with your thread! I will be around
People don't plan to lose. They lose because they don't plan.
  • #4
  • Sep 8, 2024 3:17am Sep 8, 2024 3:17am
H4

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Its all just one persons opinion
  • #5
  • Sep 8, 2024 4:01am Sep 8, 2024 4:01am
I'll provide the full analysis on Monday. As things stand now, I'm waiting for the H4 to complete it's retracement and then I'm going Short.

Thanks for showing up folks!
  • #6
  • Sep 8, 2024 4:09am Sep 8, 2024 4:09am
"Move of the month"

In September price found resistance in last month open-close zone.
Possible target zone monthly S1-last month low.
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I might be wrong , I have been wrong before
  • #7
  • Sep 8, 2024 4:34am Sep 8, 2024 4:34am
Quoting Silver-King
I'm waiting for the H4 to complete it's retracement and then I'm going Short.
so just to be clear its bearish as per Fridays H4 close, so are you expecting a rise/retrace from here on monday before shorting? Wher are you anticipating it rising to?
Its all just one persons opinion
  • #8
  • Sep 8, 2024 4:43am Sep 8, 2024 4:43am
Quoting axecap
{quote} so just to be clear its bearish as per Fridays H4 close, so are you expecting a rise/retrace from here on monday before shorting? Wher are you anticipating it rising to?
Since the Silver has dropped much lower than the Gold (bigger H4), I'll be looking at the Gold first, so when the Gold finishes it's retracement on H4, then I'll revert back to the Silver and will see if Silver hit any of it's Resistance. I'll probably start adding Shorts when the Gold completes it's retracement and will add Shorts yet again if Silver continues going for it's own Resistance on the H4. The Gold will reach it's Resistance sooner then the Silver will reach it's Resistance on the H4. I'll be looking at everything, actually. From M15 all the way to the H4, so I have the best idea of where the main Resistance could actually be at.
  • #9
  • Sep 8, 2024 4:46am Sep 8, 2024 4:46am
3D

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Its all just one persons opinion
  • #10
  • Sep 8, 2024 4:54am Sep 8, 2024 4:54am
H4.

That's MA's 50, 100,200 and 400 all acting as resistance.

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Its all just one persons opinion
  • #11
  • Sep 8, 2024 8:40am Sep 8, 2024 8:40am
one needs to be watching copper when trading silver. silver tends to be bearish when either gold or copper is bearish.

my observation.
In tea leaves we trust!
  • #12
  • Sep 9, 2024 1:55am Sep 9, 2024 1:55am
Main M5 Resistance at 27.965$ currently under attack by Bulls. Let's see if it can hold.
Added some Shorts at 27.950$.
  • #13
  • Sep 9, 2024 2:12am Sep 9, 2024 2:12am
Quoting Silver-King
Main M5 Resistance at 27.965$ currently under attack by Bulls. Let's see if it can hold. Added some Shorts at 27.950$.
M5 Candle closed above Resistance. This should be a retest now, and then another Bull run if this break is valid.

*We got a retest of the Resistance. Looks like another Bull run.
*Shorts closed.
  • #14
  • Sep 9, 2024 2:34am Sep 9, 2024 2:34am
Quoting Silver-King
Added some Shorts at 27.950$.
Added 1 short @ 28.066. Did not close it (yet).
In other news: the earth is flat. Aliens built the pyramids. And god exists
  • #15
  • Sep 9, 2024 2:46am Sep 9, 2024 2:46am
Some kind of Resistance at 28.05$... we'll see.
  • #16
  • Sep 9, 2024 3:05am Sep 9, 2024 3:05am
Quoting Silver-King
{quote}Looks like another Bull run. *Shorts closed.
It looks indeed.
In other news: the earth is flat. Aliens built the pyramids. And god exists
  • #17
  • Sep 9, 2024 6:53am Sep 9, 2024 6:53am
Quoting Lloyd628
{quote} Added 1 short @ 28.066. Did not close it (yet).
Main M15 Resistance at 28.16$ held. Added Shorts at 28.14$.
Gold has also reached the main Resistance on the H4.
  • #18
  • Sep 9, 2024 7:43am Sep 9, 2024 7:43am
Added Shorts at 28.20$, removed those from 28.14$. This is it... I am waiting now.
  • #19
  • Sep 9, 2024 8:07am Sep 9, 2024 8:07am
You might be right with the sell timing as price got to 38,2% fibonacci level and seems to reject from there.
https://goldtraderapp.com
  • #20
  • Sep 9, 2024 9:31am Sep 9, 2024 9:31am
Quoting philippw.
You might be right with the sell timing as price got to 38,2% fibonacci level and seems to reject from there.
Indeed. The Gold also reaches it's Resistance. In my opinion the retracement should be over.
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