Either way, its going to bounce back to at least 1.0820s from this next drop.
It's not going under 1.07 this week, so smart gridding and take profit near BE
(then re establishing position with less leverage) is the ideal way to go.
Note: published early and messed up the RSI count but you get the picture.
They could go in for the final kill. The strongest buy limits exist down here.
I don't want to see it for one reason and that's because I have a 5x leveraged position already from low $19s.
In 2015 I'm starting my own fund. If you are interested please PM me. Thanks.
"Buy Right (grid...
Take from it what you will. I have nothing really to say other than I think USDJPY is going to 120 in a few years (or sooner)
Where as XAUUSD was the best trade of the last bull market, I think XAUJPY will be the best of this bull market.
See my other charts as well.
Stoch shows down move is possible but I don't think it can sustain.
At this point I would not even play that game. Wait for the long term move.
If so we should head back to the $19 one more time and bounce off the 15 year trend line.
with the stochastic creating a hidden divergence off the last level around 29.
I've been over this dozens of times in the past. This is the trade to end all trades.
It makes me laugh how people can see a stock gain 10,000% but a commodity (which doubles as REAL money) cannot gain 3000% in value?
It certainly can and has made moves similar in the past.
$200 is a no brainer and the bubble highs will be much higher than that.
Should have posted sooner. But it's still good for a breakout trade if you can find the intraday pull back.
I don't play that way. I enter on 4 hour signals for daily/weekly reversals.
75 pips drawdown to next entry will cause 1.5% loss in equity, with limits 1.5x greater than total size at 1.0560s.
100 pips down from that would cause a total 6.5% equity loss....
The 30-year cup and handle. We will be grinding into the $50 zone by 2017 and form the handle.
The breakout of the cup ($3.50 to $49.80 - a 14.2285 fold gain) puts us at $708.
Which fundamentally is where silver should be.
Its roughly a 50 billion dollar market (physical market at $21/oz).
It's just a joke. This will be the greatest trade of all time.