Follow the plan: Today the Ration id DOWNTREND and Prices are UP. So buy Silver (see below).
No Options trades as BB width is "narrow"... so sit and hold. Use 1 or 4hr and Daily Charts for true trends.
GOLD-SILVER RATIO TREND GOLD AND SILVER TREND SIGNAL
Gold-Silver Ratio Uptrend Gold and silver in Uptrend Buy Gold
a lot of questions about silver!
currently, I don't have any active positions.
I have alerts placed on key levels, I will look at the reaction of the market to the underlined levels on the lower timeframe.
here are the key levels:
16.7 is our current strong support
17.55 is our current resistance (due to a strong...
Here we have a simple break and retest.
Gold broke above resistance at 1573.
Came back retested as support created a morning star candle on the 1 hour time frame.
Before the opening on London, this was a clean and easy setup.
The confluence of different time frames was also another indication to buy.
You could have secured at least 80 pips before market close.
This was a longtime trend line that I had marked up.
Once this trend line was broken with an evening star followed by a bearish engulfing candle you had a nice retest of the trend line.
This does not always happen this clearly cause people can mark up trend line on how they see fit.
If you were not sure after the bearish engulfing you could have waited for the...
Highlighted we have US30 make is first low near support.
Then when market open we see a pullback being formed.
Check the 30 min time frame we have a morning star formed and take off.
I think its best to let the candle closed first and then enter.
You could have secured an overall of 2200 pips and only risking about 400 pips.
This is just going through market...
GBPJPY created a nice head and shoulders.
On the left shoulder price failed to make a new high so we made a push down to form a higher low to create the head.
After the head price pushed down back to 142.300 area and then came up to create a right shoulder around 142.800.
This formation along with price being rejected and London session already opened this is was...
When we look at the chart.
We expect a strong rally or fall because of the price action.
Price in the same areas so bollinger bands are squeezing.
Look at the chart 17 YEARS LONGGGGGGG Same price action. No move. God.
Life time and price is same..
So Stay away from forex and other leveraged and date expiry stuff.
IF you wanna buy something. Buy it....