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SIU1! trade ideas

RESISTANCE CAN BECOME SUPPORTHello friends I am sharing the commodity silver daily chart for educational purpose for that as we can see that 63000 zones was a hazardous resistance for it and after hitting all time high of 72700 levels it looking to came down for retesting the 63000 zones as all we know that if price is trading above the previous resistance zone then that price can become support for any of security in market so we can expect a good bounce from that identified support zone and for that I am sharing my ideas below IDEA NUMBER ONE-: It will reach to it's support zone and give a bounce from there for the target of 68000 in this execution we will take a stop loss of a closing below that support on daily candle basis. IDEA NUMBER TWO-: If it will breach it's mentioned support zone and close below then we can consider as go for a short in this condition for the 60700 zones as looking a good support zone 2 for covering our shorts in this execution we will take a stop loss of closing above of support zone. NOTE-: This is not and trade or investment advice. This idea is meant for learning only. Invest your capital at your own risk 𝐑𝐞𝐠𝐚𝐫𝐝𝐬-: 𝐀𝐦𝐢𝐭 𝐑𝐚𝐣𝐚𝐧
MCX:SILVER1!
by AMIT-RAJAN
4
[MCX] Silver Neckline BetTaking an aggressive bet. Because it will have a high stop loss if i take it when it triggers. Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives. =======
MCX:SILVER1!Long
by Amit_Ghosh