Dani0
Long

SILVER TO GO LONG OVER THE YEARS!

TVC:SILVER   CFDs on Silver (US$ / OZ)
No long explanation here, just thought i'd do a quick share on markets I am watching to get in on for the long haul. If you read most of my charts in the past 3 weeks, you should know how I trade. Feel free to use this as your guideline.

This is long-term trade so atleast a year upwards before you look into collecting your winnings. I don't really suggest where to get out, you decide for yourself, but if you want my suggestion on where to consider an exit then feel free to ask.

Wait to bottom out and buy in at trend reversal to the bull side at below suggestions;

1st/top yellow line sitting at 13.723
2nd/bottom yellow line sitting at 9.683

DISCLAIMER!
I suggest working on the monthly view (1M) timeframe, using the MACD , Stoch RSI and CM_Ultimate_MA__MTF_V2 (combo of multiple indicators created by someone and accessible if you have pro account on tradingview).

Do set stop losses but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders.

All comments and questions welcome, thanks.
bang on correct - silver is a steal at these prices, over the long term setting up for a tremendous move up, physical only not ETFs or other paper garbage which will eventually fail

if you look at the quarterly charts put in the following parameters - 12 period momentum with a 9 period simple moving average of that momentum and look how it is setting up exactly as the previous run up to the high in april 2011

12 period momentum on the quarterly is rising through the 0 line sharply, that is significant, also the US dollar is moving inversely on the quarterly settings, possible double 0 momentum break to the downside, once in jan 18 and possibly again in this quarterly period, we'll know more by the end of September 18
+1 Reply
Dani0 iminlovewithscarlett
@iminlovewithscarlett, Glad to see someone else clued in :)
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