COMEX:SI1!   Silver Futures
10.9.23 This is part two of silver. you should listen to part one first because I couldn't make a trade decision in part 1 and I needed to wait for the next 4-Hour bar which would occur in 30 minutes. I explained why this is important and it essentially amounts to needing one bar to close and no that in this case Not only did that bar trade below the support but it even closed above its low and the current bar in a very short. Of time shows you a two-bar reversal that the market should go higher..... but I needed the first bar on the first video to close. And I had an idea that probably I would find my trade on the next 4 hour bar... but I wasn't 100% certain it would go higher.... relative to Friday that had a fabulous range... today it's a less volatile market and less directional... so I would never be as certain with this overall pattern as I would be in a market that's way oversold or overbought..... this is more pattern like Behavior and there's a battle at a 382 in a market that really isn't that bullish or bearish. Sometimes you have to wait for the market to do something...Before you see the Probability that the market will do something in the direction that you're looking for. Within a very short time after the open of the next bar the market moved up about $950. if you're careful you can scalp markets like this. that may or may not work for you..... on the other hand if you look at markets like this you might make decisions to not take a trade and that keeps you from making a bad trade decision. when the market opened and started going higher after the previous video I knew that if I took a long trade that I could use the support area as my stop when I didn't know that on the previous bar...
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