Silver commentary & trading for 2016.3.22
Precious Metals  |  Tue - March 22, 2016 1:35 am  |  Article Hits:1193  |  A+ | a-

I had SHORT position in Silver, which I decided to reverse yesterday to profit from the upside movement today. Especially I was focused on the low open you can see on the chart and candle right after as was calculated by strategy.

Yesterday, I managed to close part of my position luckily was able to close the rest. As for Silver itself it was quite risky to trade it on RTS as volumes are ridiculous. For example, a 10 cent moves usually make by 50 contracts! Daily volumes are very low. Nevertheless, I do complex calculations for different contracts to forecast future trends and daily or intraday patterns.

Here is my trading screen.


 

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