ScottBogatin

Bobby's homework assignment 2

COMEX:SI1!   Silver Futures
8.24.23 Since I ran out of time on the previous video I decided to come back and finish my discussion of the silver market. It's very easy for me to draw range boxes... but I don't think it's very easy to believe what I'm doing.... I would not believe it until I had more familiarity with it. so I decided I would show you the range box and how I might trade it and how I could actually trade what will be the beginning of the range..... and continue trading it as the market becomes more obviously a range. Most important pattern that changed Trading for me... Occurred when one day I opened up some charts and ask myself "What is the easiest pattern for me to see"? .....And what could I trade only looking at that pattern and nothing else. On that day it was a rage box.... I can't even remember what market it was... and I figured if it looks that easy I could get a couple trades.... maybe I could look each day for the possibility of a range on a different market.... that was okay because I really didn't want to trade a lot. I was looking for A nice return on a couple trades A month... and that would be fine. Not everything turned out that way.... but it was a blast and I got to refine A few matters along the way because I wanted to help a very dear friend that I had known for most of my life. The problem with silver Is that it is at A resistance but it has very strong Bullish price action. I would not fight the bullish price action... so I wouldn't take a short trade. I would wait.




Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.