Silver Price Watch

[STKR]

I watch that video , cos my demo account seems to only have foreign exchange rates available and no commodities.

Yeah. You should use AxiTrader as your broker

Code AXI and select the US03 one. It will show you commodities

 

[Sandy Gooch]

Alright. Will do tomorrow night. Cheers.

 

[Sandy Gooch]

Golds on a tear with all that global terror they do so well, silver might hit 39 for the weekend!

 

[STKR]

Golds on a tear with all that global terror they do so well, silver might hit 39 for the weekend!

That's where I thought it was going by week close. High 38 or low to mid 39. The market is encountering a lot of resistance though. Very slow moving on the upside.

 

[Silver Soul]

These candles indicate uncertainty as traders look for long or short positions. Green is generally to the upside

 

[STKR]

Alright. Will do tomorrow night. Cheers.

Btw - when opening a demo account, you don't need to put in your personal details. This is how I fill mine out. It will gain you access to the platform regardless

 

[Silver Soul]

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

 

[Silver Soul]

My examples are never certainty because nothing ever is. But I am close to being right many a time

 

[Silver Soul]

Testing Testing that 38. So predictable.

 

[STKR]

Before you get bombarded with shit, just get your demo up and running. Plenty of guides out there on how to read candle charts:

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

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

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

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.

 

[Silver Soul]

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

 

[STKR]

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

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.

 

[Silver Soul]

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

 

[Silver Soul]

Come on a big cascade of red to 36.50 and then a breakout to an all-time high. Show daddy the money.

 

[Silver Soul]

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.

 

[Silver Soul]

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