COMEX:SI1!   Silver Futures
4.2.22 This is a general discussion about gold and silver with an emphasis on the concept of expansion and contraction. I talk about this type of behavior incessantly because it is successful, and critical to my trade decisions, and it's done by scanning the chart using minimal wind tools. It has nothing to do with most of the indicators traders use on charts, and for this reason it may be elusive to some traders. Near the end of the video I talk about what I think is going to happen generally to the market, especially equities and that this will have a substantial effect on the ability to trade because some markets will eventually contract making it more difficult to be profitable. Other markets may force brokers to increase their margin which protects the brokers and their clients even though it may restrict your ability to trade because of the size of your account. However, I will be looking for volatile markets because that's where the money is. The fundamentals are that the dollar is in serious jeopardy, and its status is about to change. This is going to affect the banking system, the reserve status of the dollar, interest rates, and the vulnerability to the equities markets, employment numbers etc. These markets will be more difficult to trade, and they almost definitely will be restricted by administrative decisions. Nevertheless, there will be opportunity in select markets. I believe there will be opportunity in the metals market, and this includes a short squeeze in the silver market, as well as the gold market finding higher prices, and new highs. New highs does not mean that the market can't make corrections lower, and this is why you need to think in terms of buyers and sellers, and inflection points using extensions, pattern tools, support and resistance tools and special patterns such as 135 patterns. I am looking forward to working through computer issues so that I can use Multi-charts with a lifetime subscription, but having used for about seven years. I believe this will make trading more effortless once I'm in a trade when I figure out how to get the system running reliably. My general goal is to focus strictly on markets that I am interested in trading, and there will not be many markets. The fact is even desirable markets become more or less tradable as they expand and contract. So if you have four or five markets, and some of them are completely unrelated to other markets that would be of interest, that's more than enough markets to trade without being overwhelmed with too much information.
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