Apr 26th 2019, Silver Chartbook

Silver – weekly long entries

Our relative strength entry on Silver from last week´s chartbook got quickly financed. It is always our main goal to minimize risk as soon as possible. With an entry at US$14.928 and a filled 1st target at US$15.042, a profit of three quarter of a percent was achieved on half of the position size. Typically we set the stop at this point to the breakeven entry level. This trade was a lower time frame low risk position for income producing purposes. We were still hoping for the larger time frame weekly long entries, as pointed out in the chartbook the week prior.

Taking profits on the 21st of April 2019 on the relative strength silver position:

Silver in US Dollar, 60 minute chart as of April 21st, 2019

Silver in US-Dollar, 60 minute chart as of April 21st, 2019

This trade allowed for a possible positioning on a small trade size, in case markets would make an early turn. It provided for a very low risk income producing opportunity.

Unfortunately so the rest of the position stopped out at entry break even levels the following day.

Rest position on Silver stopped out on April 22nd, 2019:

Silver in US Dollar, 60 minute chart as of April 22nd, 2019

Silver in US-Dollar, 60 minute chart as of April 22nd, 2019

Did we just say “unfortunately”? May be not quite so unfortunate! Not only had we made a nice quick profit on half of that position, but here we finally had the retracement we were waiting for for quite a while. Our weekly long entry zone had been penetrated and a long position limit order filled at $14.80. Zone A being the more aggressive price range this position is moderate in size.

Weekly silver chart long entry at 14.80:

Silver in US Dollar, daily chart as of April 22nd, 2019

Silver in US-Dollar, daily chart as of April 22nd, 2019

Let us have a look at a smaller time frame on how this trade unfolded in its initial stages. Buying aggressively into a declining market allowed for a small risk window. Originally prices moved lower and a total of $0.07 against our entry price. Quickly thereafter so our financing target of $14.984 was filled.

You can find this real time exit in our Telegram channel.

60 minute chart – low risk / high reward:

Silver in US Dollar, 60 minchart as of April 23rd, 2019

Silver in US-Dollar, 60 minute chart as of April 23rd, 2019

Stops again have been adjusted to entry levels and we are positioned well for a possible turning point in the Silver market. This being a higher time frame our initial profits on half of the position were larger. To be precise they are 1.24 percent.

The true potential here so is if this should turn out to be a higher time frame turning point and the rest of the position might therefore create some nice returns.

Well positioned:

Silver in US Dollar, dailychart as of April 25th, 2019

Silver in US Dollar, daily chart as of April 25th, 2019

Is the down trend over? Who knows? Money has been made so … twice … and if the market should turn we have a stake in it.

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By | 2019-04-26T10:30:35+00:00 April 26th, 2019|Tags: , , , , , |0 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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