Hello friends,
While reading thru this section (commodity thread), I came across this post. I swing trade in silver & gold. The strategy I follow is simple, reliable and Yes, it's profitable. I could easily charge good sum of money to let you or anyone else know my trading strategy and it is guaranteed that you won't get a chance to complain because I'm using it for for a good duration. But, I'm giving it away 'coz I'm not the inventor of the strategy and the author has given it for free to me hence, I'd forward it to you all. Benefit from it.
If you are unable to make any profit & regularly giving away money, I'd recommend you this:
#1) Risk not more than 3% in a single trade. Say you have Rs. 1 Lac in your trading a/c and you're shorting silver today. Under no circumstances, your loss should exceed Rs. 3000/- if price of silverm goes up.
#2) Use 1 Hour (for intraday) or 4 Hour & Daily (for swing) charts AND implement this strategy:
At one glance, you would think this is tooo simple. YES, it is simple, reliable and it's profitable. Just follow it with good money management (see above in #1) and discipline. Tell me after 1 month you've used it that you weren't able to make any profit.
** Although in the strategy above, you'd find charts of forex, this strategy works tremendously well with Gold & Silver.
cheers :thumb:
While reading thru this section (commodity thread), I came across this post. I swing trade in silver & gold. The strategy I follow is simple, reliable and Yes, it's profitable. I could easily charge good sum of money to let you or anyone else know my trading strategy and it is guaranteed that you won't get a chance to complain because I'm using it for for a good duration. But, I'm giving it away 'coz I'm not the inventor of the strategy and the author has given it for free to me hence, I'd forward it to you all. Benefit from it.
If you are unable to make any profit & regularly giving away money, I'd recommend you this:
#1) Risk not more than 3% in a single trade. Say you have Rs. 1 Lac in your trading a/c and you're shorting silver today. Under no circumstances, your loss should exceed Rs. 3000/- if price of silverm goes up.
#2) Use 1 Hour (for intraday) or 4 Hour & Daily (for swing) charts AND implement this strategy:
Code:
http://www.traderji.com/forex/39370-simple-trading-system-trendline-break-only-system-you-need.html
** Although in the strategy above, you'd find charts of forex, this strategy works tremendously well with Gold & Silver.
cheers :thumb:
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