SteveNixon

Is this a good place to go long on Silver?

Long
SteveNixon Updated   
FX_IDC:XAGUSD   Silver / U.S. Dollar
With all the talk of a global slow down over the next 18 months this may be a good time to look for a long trade on Silver. Take 7 minutes to see what I think and how you could profit from this opportunity.

I'll update this idea as it develops. Follow so as not to miss them.
Please remember to share if you agree and a thumps up is a sign of appreciation of the time and effort put into producing the idea.

This is not investment advice

Steve Nixon
Trainer & Mentor @logicfxtrading
Comment:
So far so good - entered on the pullback and trade is in the green ans stop loss on zero. Now we just need some luck
Comment:
Hopefully this is the start of an impulsive move up. Stops safety to zero.
Comment:
Ok we've had a further push up - it will correct back down at some point so you have to decide whether to stick or twist. I'm sticking with my stop on zero in the hope this will continue up in a saw tooth manner. It takes courage to stay in a winning trade but with a bit of luck this could produce a very rewarding outcome. If it comes back down we start again with the original capital intact. Remember the first rule of trading is to protect your capital.
Comment:
OK Now we are getting the correction. Let's hope it's shallow and gives us another push up
Comment:
All's well. If you're not in this yet wait for a pullback to enter long. I'll post a further up date if I see another set up
Comment:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.