12.28.21 DXY GOLD SILVER: I pretty much covered my viewpoint about these three markets. I came to an important point that I really didn't explain clearly because we ran out of time, and that has to do with the silver market and that gap that I alluded to for a late entry. After the silver market moved off the double bottom, there probably could have been a good trade to go along with the market corrected but didn't close the gap. I did not have time to put a line on the chart, and this is going to be an important approach to my trading on silver. I have never traded the silver market because of its reputation which is widely known. I decided a few months ago that that will be one of the markets I will trade. I have never traded silver but I own a lot of silver. Of the mentors I have had none of them traded silver because of its reputation. I have enough capital to trade silver, but I think it needs to be handled very carefully, and that it is important to stay away from those smaller time frames. I believe this is the kind of market that will kill you on hourly charts and smaller, and that for me that would be disastrous. This is especially true for silver. I am going to talk about it more and I will discuss winning and losing trades as a plan to take trades on this market in 2022.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.