ernstschwarz

SILVER XAGUSD long idea

Long
ernstschwarz Updated   
OANDA:XAGUSD   Silver / U.S. Dollar
you can buy some silver with
an inside bar trading strategy.
good thing about silver is that
you can earn little by little
because you can set stopploss
to 5 or 2 or 1. silver is very very
unlikely ever going down to a
price of 2 right?? but careful you
may get caught in that trade for a while...

on the other hand you can trade it
with stopploss below the inside bar
(or the previous candle low) and aim
for 2:1 winning ratio. tradign this way
dont risk more than 1% of your capital
for that stopploss!


Comment:
good one. stopploss was not reached and now we are heading north
Comment:
looks corrective. there is more downsde coming.
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.