Silver intermediate cycle bottomed with gold on the 30th November.
Silver didn't have that serious decline at the end of the last intermediate cycle
like gold.
Notice that we were in a consolidation box for 4 months and today we broke out.
Is it too late to enter the party?
No. We are still early in this game and I think silver will run to 42 and maybe to 50 in the following 3-4 months.
I've already posted my thoughts regarding the XAUXAG ratio:
If you are looking for targets in silver I suggest to read the idea above .
If you are not in a position yet I would wait for a backtest of the consolidation box at 26.00$. If you already in a position I would increase the position size at 26$.
We have a lot of time in this trade before we have to worry about a top.
TSI is just turning up and RSI just reached the overbought territory.
RSI can stay overbought for a month or more just like last summer.
I will set this idea as a long idea as we broke out of the box but I would wait for a backtest at 26$ before entering.
Silver didn't have that serious decline at the end of the last intermediate cycle
like gold.
Notice that we were in a consolidation box for 4 months and today we broke out.
Is it too late to enter the party?
No. We are still early in this game and I think silver will run to 42 and maybe to 50 in the following 3-4 months.
I've already posted my thoughts regarding the XAUXAG ratio:
If you are not in a position yet I would wait for a backtest of the consolidation box at 26.00$. If you already in a position I would increase the position size at 26$.
We have a lot of time in this trade before we have to worry about a top.
TSI is just turning up and RSI just reached the overbought territory.
RSI can stay overbought for a month or more just like last summer.
I will set this idea as a long idea as we broke out of the box but I would wait for a backtest at 26$ before entering.
코멘트:
코멘트:
That was fast.
They've run the stops below 25,5$ too.
They've run the stops below 25,5$ too.
코멘트:
Testing the consolidation box again.
코멘트:
If we drop into the box big money will buy again with big orders.
Just like yesterday.
Just like yesterday.
코멘트:
We had a successfull backtest of the consolidation box - 100 SMA was also tagged- and we are heading higher:
코멘트:
Yeah I know what you feel : we should have bought much more silver last week
코멘트:
Adding to the long position.
코멘트:
We are at the top of the range where the breakout occured.
코멘트:
코멘트:
The idea plays out as expected. We are having a pullback at the previous intermediate top at 29,9$.
코멘트:
On the main chart of this idea I highlighted this target as a possible price for a pullback.
코멘트:
Today and tomorrow we are going to test 27.66 and maybe the 100 SMA at 26.7 as the dollar bounces.
Use it to start a position. The 2nd daily cycle is still very young we have at least 2 more weeks to rally.
코멘트:
First target achieved:
코멘트:
Fight at 27.665
코멘트:
Second target achieved
코멘트:
200 SMA was the point break.
코멘트:
The naked short dump program starting again. Funny that the precious metals market starting to become similar when Obama was the president. So it seems the Democrats are forcing both gold and silver into a bear market.This happened before tram and it seems they are trying this again
코멘트:
Tram=Trump
If anyone has any idea why this is happening just be my guest and post it here
If anyone has any idea why this is happening just be my guest and post it here
코멘트:
Many times I have the feeling that banks are trying to fill the missing Cycle knowledge with money, courage and luck but will that be enough when the $ is clearly going to fall? They simply never know when to attack the metals...
코멘트:
Weekly swing today in the eurusd.
This is going to have a big impact on the manipulated metal market. Bullion banks are in big trouble with their shorts.
매매 수동청산:
코멘트:
It seems we will back test the 200 SMA at 24 and it might drop lower
코멘트:
The worst case scenario is the backtest of 20$ at the 100 SMA and the breakout.
