flower-shilling

Silver Price Watch

Smithys Bullion - FINE GOLD AND SILVER
Sandy Gooch said:
I watch that video , cos my demo account seems to only have foreign exchange rates available and no commodities.
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Yeah. You should use AxiTrader as your broker

Code AXI and select the US03 one. It will show you commodities
 
To read charts you must have a very good understanding about MMAs these are crucial to the trading patterns you enter into. The best ones are 50/200 crossovers obviously longterm. If you are into swing trading the 10/30 are wonderful and a note always look for the empowering green hammer between the lines for a very good profit. Always follow the 7/21 crossovers as this is a very good indicator of market volatility. Follow the VIX and the DXY
 
Before you get bombarded with shit, just get your demo up and running. Plenty of guides out there on how to read candle charts:

stockstotrade.com

A Candlestick Chart Defined: How to Interpret Them

Read this article because it delves into the intricacies of candlestick charts, a vital tool for traders in markets like forex, crypto, and equities.
stockstotrade.com stockstotrade.com

The MMA's being referenced is (modified) Moving Average. It's good to understand moving averages in general.

www.investopedia.com

Moving Average (MA): Purpose, Uses, Formula, and Examples

A moving average (MA) is a technical analysis indicator that helps level price action by filtering out the noise from random price fluctuations.
www.investopedia.com www.investopedia.com

The good thing about the internet is there's no shortage of people offering their knowledge (and opinions). There are countless trading guides available on YouTube and online. These will allow you to learn at your own pace anytime and put everything into practice immediately.
 
So many people open a demo account and get washed away in seconds. Learn the basics of how the markets work study every noke and crannies before you even enter into your first trade. One must understand what they are looking at
 
Silver Soul said:
So many people open a demo account and get washed away in seconds. Learn the basics of how the markets work study every noke and crannies before you even enter into your first trade. One must understand what they are looking at
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It's a demo account 😂 you can start a new one in seconds. What a silly thing to say. That's like telling someone to study all chess openings and end games before playing a single game of chess.

Just open a demo and learn as you go. That way it's immediately relevant and you can test your newly found knowledge.
 
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Always strive to win. There are lots of losers in the markets and only 10% winner's. You have better odds on red or black in a casino. But knowledge is king
 
The second big red candle you see on this chart is called a hammer it is almost what they call an empowering hammer except it is not green none the less it is a significant signal for traders. The rest of the chart tells the story of what i am trying to explain after it formed.
Screenshot_20250718_234339_TradingView.jpg
 
If anyone wants to ask a question about charts please feel free to ask. I'm not God but know heavenly stuff. I also don't personally attack anyone on here i never have done or will if you know fuckall about them
 
STKR said:
Before you get bombarded with shit, just get your demo up and running. Plenty of guides out there on how to read candle charts:

stockstotrade.com

A Candlestick Chart Defined: How to Interpret Them

Read this article because it delves into the intricacies of candlestick charts, a vital tool for traders in markets like forex, crypto, and equities.
stockstotrade.com stockstotrade.com

The MMA's being referenced is (modified) Moving Average. It's good to understand moving averages in general.

www.investopedia.com

Moving Average (MA): Purpose, Uses, Formula, and Examples

A moving average (MA) is a technical analysis indicator that helps level price action by filtering out the noise from random price fluctuations.
www.investopedia.com www.investopedia.com

The good thing about the internet is there's no shortage of people offering their knowledge (and opinions). There are countless trading guides available on YouTube and online. These will allow you to learn at your own pace anytime and put everything into practice immediately.
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" Opinions on the Internet "cascade in what seems like the hall of mirrors effect.

Some 1 posts an opinion & then some 1 will post their opinion of the said posted opinion. This the generates an opinion about the posted opinion of the 1'st said opinion & then on & on & on & on ..........

It's easy to get lost in this reflection of opinions of opinions & to loose sight of what the original opinion was opining about :unsure:

When I think of this words from a song pop into my head -

" clowns to the left of me, jokers to the right, here I am, stuck in the middle with u "

Some Opinions maybe best kept to one's self, but that's just my opinion :cool:
 
Silver Soul said:
If anyone wants to ask a question about charts please feel free to ask. I'm not God but know heavenly stuff. I also don't personally attack anyone on here i never have done or will if you know fuckall about them
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Mate, personally I like & appreciate that u post a chart/s with the comment/s u are making.

1 thing though. Is it possible to annotate ur charts to define the specific part of the chart u are commenting on ?

I haven't use Trading View, so I'm not sure if that's possible. Would provide a bit more clarity on some of the points u are making.
 
Kooka30 said:
When I think of this words from a song pop into my head -

" clowns to the left of me, jokers to the right, here I am, stuck in the middle with u "
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That is by far the best analogy of it all.

You know what's funny though. When it comes to reading charts, it represents patterns in human psychology. Psychology of fear and greed.
 
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