We can take this trade Tim West pinpointed today, since gold retrace slightly and silver hasn't yet, this is an ideal entry for both trades. You should size them using 3 times the daily ATR, to risk a full position on each side. This keeps positions volatility adjusted on each leg of the pair.
Hold it, long term, possibly past December 2016.
Gold looks like an intermediate term top here, so it's a fairly safe trade.
A good alternative is short NEM/long SLV, which looks to be more overextended even, but the main indicator is this chart right here. Don't set any stops in this trade, just calculate your position size for each leg, based on ATR.
Tim West suggested this trade today in the KHL chatroom, and now seems like the perfect time to take it.
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers,
Link to Tim West's chatroom: www.tradingview.com/chat/
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Hold it, long term, possibly past December 2016.
Gold looks like an intermediate term top here, so it's a fairly safe trade.
A good alternative is short NEM/long SLV, which looks to be more overextended even, but the main indicator is this chart right here. Don't set any stops in this trade, just calculate your position size for each leg, based on ATR.
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers,
Link to Tim West's chatroom: www.tradingview.com/chat/
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
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