Silver Moon Phase Strategy

[newtrader101]

Om

Friends,
Some time back Chris Moody posted a strategy in tradingview.com based on the Moon's phases.
It ran like this:

1. Wait for the bar of the next day after New Moon to close.
2. Enter in the direction of that bar (relative to the New Moon bar).
3. The High/low of the day-2 would be the Stop. For example the stop for 21-2-18 would be the high/low of 19-2-18.

(Original: https://www.tradingview.com/chart/SI1!/lu8aauCl-Moon-Phases-Go-Ahead-And-Laugh-42K-Profit-With-0- : Drawdown/)

 

[newtrader101]

Planning to do live trade on SILVERMIC with this strategy.
New Moon was on 16-2-18 3 am
16-2 close 39235
19-2 close 39160
So it must be down trend as per this strategy.

Entry: when price is overbought on 1 hour chart.

 

[raj_singh]

Full Moon & New Moon cycle on BankNifty Future..

 

[newtrader101]

Planning to do live trade on SILVERMIC with this strategy.
New Moon was on 16-2-18 3 am
16-2 close 39235
19-2 close 39160
So it must be down trend as per this strategy.

Entry: when price is overbought on 1 hour chart.

Trade 1:
Short entry 39,184.00 22:42 22-2-18
SL:39260 (Today it went above 19-2-18 High, so kept the stop 4 points above today's high)

STOPPED OUT 22:55:30 39266
LOSS: 82+20 (expenses)=102

 

[newtrader101]

SILVER hasn't formed a clear direction yet. So just waiting now.

 

[newtrader101]

Still ranging on the daily, but intraday opportunities are there.

 

[newtrader101]

SILVERmicro is dipping on the daily after the New Moon. Entered short today: 38459
SL 38716
There is a rounded M like formation.

 

[newtrader101]

SL moved to 38570. Stopped out today evening. This doesn't work. Silver is too volatile.

 

[stoch]

SL moved to 38570. Stopped out today evening. This doesn't work. Silver is too volatile.

Do you consider changing trading instrument to less volatile like european or US indices or maybe changing broker which offer better trading conditions?