FX:XAGUSD   Silver / U.S. Dollar
108 5 4
Description in chart ---> Overall Context Below
Comment: Weekly

Comment: Daily

In your chart, you say no point to go long, but the target is the dotted line (18), and there is plenty of room to make profit from here ?
Reply
JaimePantoja DownUnder
Hi, thanks for your question, based on my trading plan I always try to enter at the begining of the trend or the second retracement after the trend is confirmed, because if I enter closer to the point of confirmation is most likely that my Risk:Reward ratio improves ... remember that an uptrend is confirmed when the price makes a Higher Low and a Higher high ... In this example in particular the uptrend was confirmed "long time ago" so at least for me I prefer to stay out because the trend is already going on and the price is relative close to the preliminar resistance, therefore I will wait for the next opportunity to present ;)
Reply
DownUnder JaimePantoja
good strategy when your an expert :). currently I think if we cant stay above 17.44 ish, we could see a drop in gear back down a fair bit to cool down the motor, before the long break. lets see what unfolds... (y)
Reply
DownUnder DownUnder
Just cant get over the 17.37 ... the next few hours will break everything...
Reply
JaimePantoja DownUnder
yep lets see what happens :)
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