ScottBogatin

Be careful about fighting price action

COMEX:SI1!   Silver Futures
10 16.23 8 am I have been spending a lot of time looking at gaps and the failure of markets to read test gaps. I looked at three markets that could be problematic if you're not careful and you decide to take a trade today: Oil Silver And gold. I look for markets to retest breakouts which are a great way to enter a market when they correct lower. When markets reach a high point on a swing going in one direction.... I look to be a seller... although this is a little more challenging strategy that I talk about all the time. There were opening price trades to go Short in oil, Silver, and gold.... And I think this is a mistake. And these markets could go lower.. but I don't think the market shows that and I don't think it's worth the risk... so I'd rather just lose the opportunity then take the risk.

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