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Lil Miss Markets
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And filled. Silver hit our 40.20 level. Currently trading 40.08 Whew!
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With Silver trading at 39.50 while writing this the near term looks bleak on the long side. As much as we have enjoyed buying dips, we recommend watching the 40.00 level to sell in the near term, as it should hold up as resistance. This is where the risk management has to come into play, keep a tight stop if filled at 40.50 and keep it trailing behind as it moves into your favor, if the market stalls on the way down and you see the volume dry up on a 1 hour chart, take profits and sit back for another signal, now's not the time to look for "home runs", playing the short side of metals can be a tricky play. If we see the market close above 40 without new lows 40.60 can come quick. Really quick!
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Of course that's a pic of me Negotiator, that link I tried to slip by would show you my site. I have spent over 5 years at the CBOT so I have a good feel for the markets, you don't think a woman can hold her own in the markets Silver has been a great market as money leaves the Index's, sure Gold has made massive moves but even today with the margins up 22% we worry the volatility can cause even more swings. You said it though, timing is everything as when I posted that entry price working a limit, it was filled soon after and we kept our stop close moving it up a few times, the market reversed quick, stopped us out with a profit, then turned right back around.
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Our stop was triggered at $38.75 putting .50 into the account, not what we planned on but with this volatility playing it safe can pay off, follow more trades at [MOD][/MOD].
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...The bonds sold off hard after a poor auction, Silver was able to push through $39, with that new push up we will again play this trade tight and move our stop up to 38.750 with the markets trading 38.950 as the order was entered...
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Update on out Silver trade, we are moving our stop up to 38.55 to lock in the profits...
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Sept Silver has been trading between 40 and 38, with the strength in Gold we are still bulls in Silver. Currently we are trading 38.375, we are working a buy limit at 38.250, looking to exit at 39.85. On the other side, we would be willing to risk it down to 37.90. We will watch this trade throughout the day, check back in...
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Good afternoon! If anyone is looking for a quick, innovative and easy way to receive market commentary then contact me. I promise you will not be disappointed!
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Introduce Yourself Here - Don't Be Shy!!
Lil Miss Markets replied to trading4life's topic in Beginners Forum
Hi everyone Just wanted to introduce myself. My name is Sara and I love to trade (metals, energies, currencies) and do commentary on Market related news. Hoping to meet some nice people to talk markets with. -
Introduce Yourself Here - Don't Be Shy!!
Lil Miss Markets replied to trading4life's topic in Beginners Forum
Well I have been on a few different forums before but never on a Trader forum.I (personally) love to follow Metals, Currencies, and Grains. Through the website i follow everything. -
Introduce Yourself Here - Don't Be Shy!!
Lil Miss Markets replied to trading4life's topic in Beginners Forum
Just wanted to check in and say hi! My name is Sara aka Lil Miss Markets and I love trading and doing commentary on markets. Looking to me new people!