Markets find their favoured trend. You can't really know what's what. But with a volatile instrument like silver you could bet it was going to be a big time frame.
So this 6H trend south is most interesting. 'Everybody' knows that silver is going north.
Okay so the present price point is close to the ATR line. Some say 'three times' lucky. Well, if you're depending on luck what are you doing trading? Get to a casino.
The malaise in Gold and Silver is worrying. But I won't be surprised if price falls further south, because in other posts I said that Gold and Silver suffers when there are recessions. Some say, "What recession?".
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
So this 6H trend south is most interesting. 'Everybody' knows that silver is going north.
Okay so the present price point is close to the ATR line. Some say 'three times' lucky. Well, if you're depending on luck what are you doing trading? Get to a casino.
The malaise in Gold and Silver is worrying. But I won't be surprised if price falls further south, because in other posts I said that Gold and Silver suffers when there are recessions. Some say, "What recession?".
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
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