Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

silver: is this the ceiling? nope? maybe?/Ronbo

Ronbo do you ever count the bars on a chart? Have you carefully watched the move in a market higher highs and higher lows in a up trend. Do you pay attention to open high low and closes on the bar chart ?

How many days has silver moved up? How many days has silver corrected since the # 2 point high was made ? Silver has not rejected anything. The trend is still intact. Do not worry about a top but keep watching the MACD and the RSI The market will show you the top when it's ready.

This first correction from a 5 day move to the ups side is to be expected and allows a entry point. I would not enter here if you have a very small trading account taking another position again just yet with exceptions using options . My guess is a few more days of correction may happen.

Understanding the anatomy of a bar chart is most important in picking market direction. Tech studies is ok but not near as important as the price action on the bars.

Happy trading


Messages In This Thread

silver: is this the ceiling? nope? maybe?/Ronbo