Silver MCX Trading Diary

[SaravananKS]

I took Positional Short in Silver M Feb Contract 36600 for the Stop Loss of 37250... Mean while Booked Profit (long) in Nov Contract @ 35900 Today which taken @ 34300
Profit 1600 PTS

 

[ashu1234]

I took Positional Short in Silver M Feb Contract 36600 for the Stop Loss of 37250... Mean while Booked Profit (long) in Nov Contract @ 35900 Today which taken @ 34300
Profit 1600 PTS

Nice...good strategy to mint both side.
Now where are you taking us for party....

 

[NinjaTrader]

Congratulation to both of you for booking bumper profits today. I didn't trade today as I am low on confidence. Silver is too volatile for me to trade. Although financially my account balance is large enough that I can afford to loose the full amount placed as margin with my broker but psychologically I am not willing to. Just like a writer has to face writer's block, I am facing traders block.

 

[SaravananKS]

Nice...good strategy to mint both side.
Now where are you taking us for party....

I believe the 4rt Wave Just Completed Yesterday. (Today's Fall confirmed it)
as long as yester day high holds I believe silver in 5th Wave.(down wards)

Will try to post my counts in week end

 

[SaravananKS]

Silver Took My Stops :annoyed:
Loss 650 Points

 

[ram2010]

Silver Took My Stops :annoyed:
Loss 650 Points

You took the short little bit early, since a wave target for the bulls is pending.

The target is reached , by punishing the bears severely.

you can see the v pattern in the 5 min charts.

 

[ashu1234]

Silvers move on both side is freaking.....specially giving hard time for shorters. Yesterday I also hedged up in feb contract when priced moved and cleared up everything on 970 feb. Trend is clearly down but its wise to trade both contracts just in case of movements like these. We have seen this sort of movement few days back too, rightly said by ninja trader about low in confidence, I also lost some points coz of these erratic movement, but in situations like these I always trade in both contract and keep putting pending reverse trade on next contract.

Trend clearly down....trade cautiously
:clap:

 

[ashu1234]

Bought @ 750 for some pullback....expecting 200-300 points. else will be reversing trade below 15.90. :thumb:

 

[ashu1234]

booked all above 36k.....back in short....:clap:

 

[NinjaTrader]

Today Silver Spot may retest yesterday's high. If it holds till 8 pm ist then a major short trade is probable.