IvanLabrie
Long

SLV: Good chance for longs

AMEX:SLV   ISHARES SILVER TRUST
a year ago
I'm long silver             as of today, stop under the previous low in the 1h chart.
This is a very aggressive and potentially dangerous entry, but I think it's fairly possible to see a rally here.
Even more than a continuation in gold             .
In fact, I'll add the silver/gold ratio to the comments section to illustrate my reasoning here.
We can profit from this Silver             rally in multiple ways, by either shorting stocks and going long silver             (Tim West would like this I bet), or by shorting the gold/silver spread by going long silver             and shorting gold             .
I included my pair trader indicator to plot the silver/(gold/100) spread for visual clarity.
I'll include intraday charts below, stay tuned for the progress of this potentially very rewarding trade.
Good luck,
Ivan.
a year ago
Trade closed: stop reached
a year ago
Comment: Boom, after 2 months, Silver bottomed.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
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Mirandole
a year ago
Hi IvanLabrie !


Thank you for your confirmation on my SPX500 published chart. In this risk aversion context, I am also looking for a potential bullish reversal on the Silver.
My view on it:

2007 pre-crash : Psychology of Diamond Top on #SPX500 #SPY



Best Regards,
Julien
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Mirandole Mirandole
a year ago
Sorry, wrong chart link :

The chart :

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IvanLabrie PRO Mirandole
a year ago
Yes, not sure for how long but I think we might have a move here.
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Closed first long at -0.05% loss and shorted, then went long lower. Now break even stop long.

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Stopped at break even.
I made a little profit out of this moves, but not the move I intended to catch yet.
Watching, I think we might have a good trade here.
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Watching the daily to enter a pair trade: Long Silver, short Gold, as discussed today in the Key Hidden Levels chatroom.
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LastBattle
a year ago
I'll wait for another 2~3 days before entering silver... it does look pretty good here.

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but generally... silver needs approval from its big brother to rally, which is the reason why I'm waiting until Gold hits 1100~1120 range before I buy
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IvanLabrie PRO LastBattle
a year ago
The key here is to short gold and long silver, based on the ratio, and the level where silver currently sits.
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IvanLabrie PRO IvanLabrie
a year ago
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Watching gold and silver for entry.
I think the pair trade might pay off.
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