SILVER UPDATE INTRADAY AND POSITIONAL

Trend updated for-Jul/12/2013.CMP-41697 Overall trend of the Silver is bearish for medium-long term .Currently Silver is showing some up move after small correction and trend is strong but volume is unsatisfactory The open interest is not increasing with trend .. The oscillator is showing BUY signal For short term Silver is in HOLD LONG position and closed above 3 week high with volume signals up breakout. Positional Support for the Silver is 41098-40259-40099-.Resistance for the Silver is 42594-43255-45676-

Short term and Intraday Level of SILVER

Silver closed above 1 week high with volume signals up breakout Currently Silver is in HOLD LONG position Silver is in sideways so for short term better buy above 42284.5 or hold with stop at 39930.0 The next resistance will be at 41948.0 The oscillator is showing BUY signal
Intraday Trend- Buy above 42284.5 and keep stop below 41111.5 Target is 42788.6 next 43625.3 Below 40609.5 trend reversal can occur and next level is 39776
Intraday Resistance of SILVER are 42162.9 : 42628.8 : 43402.1 : 42003.9 : 42046.5
Intraday Support of SILVER are 41231.1 : 40765.2 : 39991.9 : 41391.3 : 41349

Comments

TRADE EXIT STARTEGY IN DAY TRADING

My Exit Beliefs In part one of this article, we considered a few questions: Should we use a tight stop loss to cut any losses quickly, or a wide stop loss to allow some room to move? How quickly should we move the stop loss to breakeven ? Should we take profits at a target, or should we let the profits run, perhaps trailing a stop behind the price? In attempting to answer these questions we looked at a number of charts, we chose entry criteria, and then looked at possible options for the exit. And this is what we discovered: Firstly, in each case, the profit or loss taken out of the trade was more a result of our chosen stop and exit method, not our entry. For the same entry, there were numerous possible exits, some profitable, some breakeven and some at a loss. And secondly, we cannot know, except with hindsight, what will be the most profitable exit strategy for that particular trade. In other words - the exit is more important than the entry. The exit has more bearing on w...

Intraday Software Using Trading Strategy For Generating Buy Sell Auto Signals

NIFTY RANGEBOUND—STOCK MARKET DIRECTIONLESS The stock market appears to halt at a tri-junction with no absolute clue about where to move. CNX IT, however did manage to bounce back for two days but it is clearly looking like more of an bounce back when intraday indicators were slightly oversold and the index kind of manage to hold on for couple of days. It recorded about 100 to 150 pointy kind of a bounce back. The chart analysis indicates some crucial movement from here. The nifty future might see a upward swing after a sharp correction. Notwithstanding the fact, this kind of a decline was not expected. For Infosys, 2150 is an important weekly closing pivot that could be a good target for it. In fact, that is something which Intradaytrading software looks for making a pretty sure intraday trade in the stock. The technical analysis of the ni...

Search This Blog