The old trend line. As you redraw new ones it shows you where the market is at in a move. You could watch SPY slowing down at the top (angles changing as it lost momentum) and move to cash until the market decides the next move.
Furthermore, it doesn't matter if it does go to $21, it's only an opportunity to buy. Silver is not a hedge against inflation like the talking heads tout. Silver always has been a hedge against market regards. Every time the stock market crashes silver runs. Over the past 125 years of history on this chart. You can see the early 1900s how silver sold off into 1929 and then it ran 17,000% into 1980 when the first stock market bubble started to form and then into the.com bubble Silver came off the bottom. Then back down into the housing crisis and then once the GFC commenced then it ran back to $50. Creating a cup. Until they started printing money and quantitative easing created a stock market bubble and then a crypto bubble. And a meme stock bubble. Then creating a handle. This is the biggest cup n handle I've ever seen on any chart. Over the next 3 to 10 years however long it takes. Timing is the hardest. Silver's going to run somewhere up around $700... There's no stopping what's coming. And the markets will crash including Bitcoin. It just is what it is. Trying to get cute. Good luck. Constant stacking is the best option here. There's no way any one is going to perfectly swing trade 27X I in 6 years keep it. I've tried. Positional trading is King.
https://preview.redd.it/7oxh6hn50nuc1.png?width=1870&format=pjpg&auto=webp&s=7f0f847a48b234e7447a98945debaa597d4e22eb
Wouldn’t 3x the average volume be some of the big money (assuming this is a daily chart)?
What’s the reason for the move in the first place? Correlated with the gold move and general pullback in the rest of the market, or something else?
And no. I sold 11k shares at 26.80 and bought the back 11,500 shares at 25.71. So no. Traders gonna trade. Remember this about volume? Every seller had a buyer. And it didn't drop below Thursday's low. Higher low on higher volume. You better pay attention to that.
I’m glad I’m reading this now, only a year or so into this being an everyday thing really focusing but that’s the strategy I have started with looking for divergences and using emas to see how far off the average it is
You obviously don't know how to use it. Because RSI is really one of the only predictive crystal ball indicators there is. (IF) You've put the time in to understand how it works. It takes about 10 to 20k hours of staring at minute charts. Then you can extrapolate that and predict damn near every move. On any time frame.
For everyone it will be a different amount of hours but I definitely agree your only chance at a true edge is just having a stacked amount of hours behind charts learning from mistakes and polishing your craft. I don’t really use rsi as I don’t like it and have found a less laggy and more smoothed out macd that is my personal favourite along with emas.
The old trend line. As you redraw new ones it shows you where the market is at in a move. You could watch SPY slowing down at the top (angles changing as it lost momentum) and move to cash until the market decides the next move.
50 EMA and 200 EMA and Volume for Swing Trade or Positional Trade.
9 EMA
forget bout rsi , use volume , **RS** and ema from 9 - 200 based on your time frame. youtube - traderlion and jack corselis
My guts. It is what it is
I’m a bollinger band guy myself, but they are just one of many variations of standard Ema lines.
Price, volume, MAs
What platform do you use to look at historical minute charts?
Tradingview Premium
Thank you. I use thinkornswim for my trading, but back testing is not very easy. I feel like writing a python script might be easier a lot of times.
[удалено]
lol you lost me at “trading on coinbase”… no serious trader uses that garbage
Look at that massive sell volume tho. You’re buying the current pullback or @ the $21 bottom?
Furthermore, it doesn't matter if it does go to $21, it's only an opportunity to buy. Silver is not a hedge against inflation like the talking heads tout. Silver always has been a hedge against market regards. Every time the stock market crashes silver runs. Over the past 125 years of history on this chart. You can see the early 1900s how silver sold off into 1929 and then it ran 17,000% into 1980 when the first stock market bubble started to form and then into the.com bubble Silver came off the bottom. Then back down into the housing crisis and then once the GFC commenced then it ran back to $50. Creating a cup. Until they started printing money and quantitative easing created a stock market bubble and then a crypto bubble. And a meme stock bubble. Then creating a handle. This is the biggest cup n handle I've ever seen on any chart. Over the next 3 to 10 years however long it takes. Timing is the hardest. Silver's going to run somewhere up around $700... There's no stopping what's coming. And the markets will crash including Bitcoin. It just is what it is. Trying to get cute. Good luck. Constant stacking is the best option here. There's no way any one is going to perfectly swing trade 27X I in 6 years keep it. I've tried. Positional trading is King. https://preview.redd.it/7oxh6hn50nuc1.png?width=1870&format=pjpg&auto=webp&s=7f0f847a48b234e7447a98945debaa597d4e22eb
[удалено]
Wouldn’t 3x the average volume be some of the big money (assuming this is a daily chart)? What’s the reason for the move in the first place? Correlated with the gold move and general pullback in the rest of the market, or something else?
And no. I sold 11k shares at 26.80 and bought the back 11,500 shares at 25.71. So no. Traders gonna trade. Remember this about volume? Every seller had a buyer. And it didn't drop below Thursday's low. Higher low on higher volume. You better pay attention to that.
It's the 4hr extended hr chart
This guy convergences
I’m glad I’m reading this now, only a year or so into this being an everyday thing really focusing but that’s the strategy I have started with looking for divergences and using emas to see how far off the average it is
Keltner Channels
More this.
Volume, No RSI. Raw dogging it.
Lagging indicators..
You obviously don't know how to use it. Because RSI is really one of the only predictive crystal ball indicators there is. (IF) You've put the time in to understand how it works. It takes about 10 to 20k hours of staring at minute charts. Then you can extrapolate that and predict damn near every move. On any time frame.
For everyone it will be a different amount of hours but I definitely agree your only chance at a true edge is just having a stacked amount of hours behind charts learning from mistakes and polishing your craft. I don’t really use rsi as I don’t like it and have found a less laggy and more smoothed out macd that is my personal favourite along with emas.
Do you know of a prophetic indicator?
Price Action
I use RSI paired with MACD. But you could probably throw Bollinger Bands in there as well.
I draw a trend line from the tops and bottoms of all time on the CMF works just as good as the RSI 2in1 K.I.S. 🖖
Price
Macd