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I have never traded silver, very spiky and thin market from watching, but just "crusing charts" tonight, risk vs reward is, ahem.... off the charts.
I see there is a mini-sized, going to look into micro for scaling purposes.
And, also (please forgive me) the fundamantals. I know through Seeking Alpha there was a lot of controversy in the big silver runup. Not sure what value is, or if silver will be another natural gas.
Yes, it would be. It seems the majority of traders are male, but that may be my perception. That video you shared about "We Are Traders" I posted on Facebook, and it showed women traders. I know Linda Raschke, Carolyn Boroden, but I could name far more men. Didn't you do a Poll about that?
I had a friend ask me last week if she could give me money to invest for her long term. My initial thought was, ES is about to complete an ABC correction, 1560, or a NPOC a little lower, that it almost made it there on Friday.
But then I downloaded the historical chart, and the most glaring area to me tonight is around 1400. ES made it's way back to the top of the major channel, and a measured move back to the bottom frmo the most recent major correction hits just below that number, with the last major high pivot just below that at 1373.
Broker: Advantage, Trading Technologies, OptionsCity, IQ Feed
Trading: CL, NG
Posts: 1,038 since Jul 2010
Thanks Given: 1,713
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Hey Gary,
Looks like a failed breakout after balancing for several days. I would think the market would test the lower end of the balance area in which it just returned back into. As for the IB on the last session, the market formed a modest balance if that in the IB period and the market continued to reject the IB for the remainder of the day.