XAG/USD: SHORT trade setup for FX_IDC:XAGUSD by combotrading

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trendanalysis harmonicpatterns chartpattern

looks as SHORT to me
good luck

Trade closed: stop reached: preparing trading plan to short for few weeks. I assume it will reverse within a week from now,

when RISK managed and backed by a plan in advance, no need to be afraid!
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Comments

hi, yes this market its insane, is like if they just push it, no any short can stop it, there are some very very heavy hands behind.
For sure a lot people are think if to get out and take the profit. because if someone enter in March now they are very in profit.

StarFoxAmara

@StarFoxAmara, that's why we use stops. to know in advance how much we may lose in case we are wrong. it is simple about this point. the rest is for the market to decide.

combotrading

@combotrading, but stop loss are dangerous because these guys of the bank they can see there most of stop losses are so they go around to take it.

Still shorting it?

Me_in_hurry

@Me_in_hurry, yes. cautious, aware and not blindly. I have a plan to trade the short side

yes but this market is sick

StarFoxAmara

@StarFoxAmara, I am not a doctor but just a trader :)

combotrading

@combotrading, it look like that the smart money are just buy any short happening, is justing going up like bitcoin in 2017, the day the it will explode he go down like a rocket for months

combotrading

@combotrading, ehehe, I really hope it retrace it can't just go up for 7 weeks