Quote:
Originally Posted by trader123
My indicator shows sell signal for silver and this indicator has achieved very good profits in my back-test.
I had advised my ex-customers actively on silver trading when I was a commodity sales because silver is much more gentle and predictable compared to gold. And many customers believe that silver has much more upside compared to gold in the precious metal family.
Shorted 1000 units of Silver at 17.98
Stop level at 18.09
Target level at 17.40
Value of 1 point is US$1000
Chart:
Metal Trading: Shorted 1000 units of Silver at 17.98 |
On 7 July, I had shorted 1000 units of Silver at 17.98, stop level at 18.09, target level at 17.40.
Good support at 17.60, silver price seems like not going lower. So decide to take profit at 17.72. Realised profit is US$260.