Mar 31st 2019, Silver Chartbook

Only the best

Overtrading is one of the biggest loosing propositions of a trading system. Are you participating too often, rather than conditioning patience? Putting your money only into the best opportunities is the key. Excellent confluence of trading supportive factors is vital. This is often the deciding factor if systems provide solid profits or fail entirely.

We had one more reload long entry in addition to our three Silver long positions on the 22nd of March:

Silver in US Dollar, 60 min chart as of March 22nd 2019

Silver in US Dollar, 60 min chart as of March 22nd 2019

Shortly after it reached its first target and generated income:

Silver in US Dollar, 60 min chart as of March 25th 2019

Silver in US Dollar, 60 min chart as of March 25th 2019

Here is the point so. These income generating trades are only low risk in context. Meaning without trades A and B (see chart below), trades C and D are high risk positioning trades.

Silver in US Dollar, daily chart as of March 31st 2019

Silver in US Dollar, daily chart as of March 31st 2019

Removing ourselves from the smaller picture to the larger weekly time frame, brings clarity to what we try to illustrate here. If you seek to newly establish yourself in the Silver market than as much as the big number 15 (as support) might tempt to place a trade, the risk reward ratios are simply not favorable.

Point 1 and 2 (in the chart below) clearly show supply and demand zones with fractal density, which point out strong resistance. Point 3 and 4 do the same for support. The zone in between $15 and $16 simply does not allow for good entry positioning, but invites for over trading. As such, we advise rather to wait for possible retracements. New positions might be established into the fractal green box support zone of prices $14.67 or lower.

Weekly chart support / resistance:

Silver in US Dollar, weekly chart as of March 31st 2019

Silver in US Dollar, weekly chart as of March 31st 2019

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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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