Mar 3rd 2019, Silver Chartbook

Silver – Opportunities

Last weeks price behavior has brought proof, of why in our recent chart books, our recommendation was to stay on the sidelines. No position is possibility the most valuable choice at times in the market. It protects capital, reduces risk of exposure and provides firing power for the time when true low risk opportunities are arising.

Last week price action shows clearly the acceleration with a sell off on Friday nearing 3 percent!

Silver in US Dollar, daily chart as of March 3rd 2019 a

Silver in US Dollar, daily chart as of March 3rd 2019 a

After taking profits in Zone 5, prices declined quickly back to Zone 3, taking out nearly two months of profits in a little bit over a week only. Resting on the 200 SMA (Simple Moving Average) with a supply demand zone as support, we could certainly see a bounce here.

Be that as it may, we do not see a low risk entry zone here just yet.

Silver in US Dollar, daily chart as of March 3rd 2019 b

Silver in US Dollar, daily chart as of March 3rd 2019 b

Evenwith fractal confluence, we rather anticipate another week/weeks of unrest, before true opportunity will show its face.

Silver in US Dollar, daily chart as of March 3rd 2019 c

Silver in US Dollar, daily chart as of March 3rd 2019 c

For the weekly and monthly time frame participant an entry price as aggressive as $15.04 could present itself, depending on market behavior, as an opportunity :

Silver in US Dollar, weekly chart as of March 2nd 2019

Silver in US Dollar, weekly chart as of March 2nd 2019

Where we truly see value is in the green entry zone. Here daily and long term players can negotiate great risk reward ratios for themselves.

Entries at prices between $14.81 and $14.96 would fulfill our low risk capital exposure rules:

Silver in US Dollar, daily chart as of March 3rd 2019 d

Silver in US Dollar, daily chart as of March 3rd 2019 d

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By | 2019-03-04T11:29:09+00:00 March 3rd, 2019|Tags: , , , , , |2 Comments

About the Author:

Outstanding abstract reasoning ability and ability to think creatively and originally has led over the last 25 years to extract new principles and a unique way to view the markets resulting in a multitude of various time frame systems, generating high hit rates and outstanding risk reward ratios. Over 20 years of coaching traders with heart & passion, assessing complex situations, troubleshoot and solve problems principle based has led to experience and a professional history of success. Skilled natural teacher and exceptional developer of talent.Avid learner guided by a plan with ability to suppress ego and empower students to share ideas and best practices and to apply principle-based technical/conceptual knowledge to maximize efficiency. 25+ year execution experience (50.000+ trades executed) Trading multiple personal accounts (long and short-and combinations of the two). Amazing market feel complementing mechanical systems discipline for precise and extreme low risk entries while objectively seeing the whole picture. Ability to notice and separate emotional responses from the decision-making process and to stand outside oneself and one’s concerns about images in order to function in terms of larger objectives. Developed exit strategies that compensate both for maximizing profits and psychological ease to allow for continuous flow throughout the whole trading day. In depth knowledge of money management strategies with the experience of multiple 6 sigma events in various markets (futures, stocks, commodities, currencies, bonds) embedded in extreme low risk statistical probability models with smooth equity curves and extensive risk management as well as extensive disaster risk allow for my natural capacity for risk-taking.

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