Silver FuturesShort
Silver Volume, Volatility Stops, and 9Season Rainbow.
The silver volume action is clearly beginning to tighten since last July and while I would not recommend doing strict TA on the OBV with EMAS its clear that eventually this triangle with have to break one way or the other. the OBV going sideways is a theoretical option but with the price action struggling against the 400W simple moving average and the divergences I have gone over until I am sick of them, this formation needs to break one way or the other.
My assumption is this will break to the downside and price action will consolidate for a while at the 1000W SMA as it did before on multiple occasions them we will proceed down to the 1,500. The linked post will show the macro and micro timeframes and situation leading to this move.
I have run into the repeated issue where my charting has gotten better than my stop management and take profits and so while I have had some really great entries I have left lots of money on the table by not letting my winners run. Further that, timing is also an issue, especialy with leveraged ETFS as the underlying asset can chop sideways but the derivitive chops in a downward direction. You cannot just accumulate a leveraged short ETF.
To help myself with that I have demoted myself to using some dummy indicators which require no more effort than just picking a time frame and punching the numbers into my stop loss. The trade is on DSLV.
The 9 seasons rainbow uses some sorta analysis to set a color based on different time frames. blue shows that a floor is being set (if you see fuscia it meas the floor became a trap floor, oops). The light read shows a weak bear market. lower time frames being blue or light read mean I should look for reversal.
I am in my trade. I have been looking at getting my entry on near 24.7 assets like futures or crypto on the 12h chart, but looking for my exit on the 1D chart. I like me some swing trades.
If DSLV returns to its resistance trend line I should be able to pull a 4.5x out of this trade here shortly. Fingers crossed.
I will flip from a trading point of view to an investor when I see silver against this decade long trend line with monthly VStops beneith it. I'll be accumulating then, that is for sure.
My assumption is this will break to the downside and price action will consolidate for a while at the 1000W SMA as it did before on multiple occasions them we will proceed down to the 1,500. The linked post will show the macro and micro timeframes and situation leading to this move.
I have run into the repeated issue where my charting has gotten better than my stop management and take profits and so while I have had some really great entries I have left lots of money on the table by not letting my winners run. Further that, timing is also an issue, especialy with leveraged ETFS as the underlying asset can chop sideways but the derivitive chops in a downward direction. You cannot just accumulate a leveraged short ETF.
To help myself with that I have demoted myself to using some dummy indicators which require no more effort than just picking a time frame and punching the numbers into my stop loss. The trade is on DSLV.
The 9 seasons rainbow uses some sorta analysis to set a color based on different time frames. blue shows that a floor is being set (if you see fuscia it meas the floor became a trap floor, oops). The light read shows a weak bear market. lower time frames being blue or light read mean I should look for reversal.
I am in my trade. I have been looking at getting my entry on near 24.7 assets like futures or crypto on the 12h chart, but looking for my exit on the 1D chart. I like me some swing trades.
If DSLV returns to its resistance trend line I should be able to pull a 4.5x out of this trade here shortly. Fingers crossed.
I will flip from a trading point of view to an investor when I see silver against this decade long trend line with monthly VStops beneith it. I'll be accumulating then, that is for sure.
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