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Silver: Strongest Volatility In The Market

  • #41
  • Mar 17, 2008 8:26am Mar 17, 2008 8:26am
Quoting salah k.
thank you very much bro
i will study it

plus this volatility is much better than any currency
1220 pips so far
How do you derived your 1220pips
dunno how this stuff work, from short till now it only
gave 147 x $5 approximately
  • #42
  • Mar 17, 2008 8:52am Mar 17, 2008 8:52am
Quoting fxbroker
How do you derived your 1220pips
dunno how this stuff work, from short till now it only
gave 147 x $5 approximately
i didnt enter any trade just to be clear
not yet anyway.

high - low = 1468 pips so far on silver future. now 2 pips = 1 pip of cable (in profit ) that is.

this is y i am trying to find a way to trade this commodity i mean i would settle for 200 pips of the whole 1500 pip move.

then again wouldnt we all.

i just made this whole thread so that the best minds would be put together to be able to find a good analysis for silver so that we can all make money easily with this beast.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #43
  • Mar 17, 2008 9:14am Mar 17, 2008 9:14am
Quoting salah k.
i didnt enter any trade just to be clear
not yet anyway.

high - low = 1468 pips so far on silver future. now 2 pips = 1 pip of cable (in profit ) that is.

this is y i am trying to find a way to trade this commodity i mean i would settle for 200 pips of the whole 1500 pip move.

then again wouldnt we all.

i just made this whole thread so that the best minds would be put together to be able to find a good analysis for silver so that we can all make money easily with this beast.
Ok thanks.
anyone can sell now to 19.35 ...........you need enough stoploss behind
20.23. not advisable for mini less than 1k, unless one is gambling

I am testing chaos strategy with it using a demo
Traded live mini account, and collected money equivalent of 40pips
using 0.10 lot .......but it is cool with appropriate risk management.
  • #44
  • Mar 17, 2008 9:35am Mar 17, 2008 9:35am
Quoting fxbroker
Ok thanks.
anyone can sell now to 19.35 ...........you need enough stoploss behind
20.23. not advisable for mini less than 1k, unless one is gambling

I am testing chaos strategy with it using a demo
Traded live mini account, and collected money equivalent of 40pips
using 0.10 lot .......but it is cool with appropriate risk management.
i dont think a rally to 19.35 is going to happen today
highly unlikely to c 2200 pip rally in one day.
plus we have probably bad news for dollar tomorrow so i wouldnt enter with a sell at all.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #45
  • Mar 17, 2008 10:20am Mar 17, 2008 10:20am
Quoting salah k.
i dont think a rally to 19.35 is going to happen today
highly unlikely to c 2200 pip rally in one day.
plus we have probably bad news for dollar tomorrow so i wouldnt enter with a sell at all.
Maybe you are right, I am down -20pips.
My system do not look into too far distance future
and it was saying down as at the time I short.....demo anyway
today is my first time of testing it.

Rhythm is almost like GBP/USD, unless GBP/usd turns north
ward from here. Otherwise I think silver may still go downard
the day has not ended yet.


I am still to get how you arrived at 2200 pips.

bullish moved today only gave 163pips up
Down = 148pips
148+163 = 311 pips

I am trading spot silver and not futures on northfinance.
  • #46
  • Mar 17, 2008 11:18am Mar 17, 2008 11:18am
Quoting fxbroker
Do you perhaps know any other South African brokers that offers commodities and Fx on MT4 just like NorthFinance. Please help if you know I am askinf cos I am from that region and looking for reputable brokers
from South Africa using MT4
Hi fxbroker

Unfortunately, the only SA broker for spreadtrading commodities is GT247.
They've been having a rough time of it lately in the UK but their SA business is apparently steady. Judging by what was said on this forum, their spreads for Silver aren't that bad in comparison to regular fx brokers, it's currently 40, but can shoot up to 60-70 during news.They offer a NetDania charting package, but most would prefer MT4, so you're forced to use WHC or North Finance charts when trading commodities.This can cause headaches as well.
  • #47
  • Mar 17, 2008 1:23pm Mar 17, 2008 1:23pm
Quoting Doji Star
Hi fxbroker

Unfortunately, the only SA broker for spreadtrading commodities is GT247.
They've been having a rough time of it lately in the UK but their SA business is apparently steady. Judging by what was said on this forum, their spreads for Silver aren't that bad in comparison to regular fx brokers, it's currently 40, but can shoot up to 60-70 during news.They offer a NetDania charting package, but most would prefer MT4, so you're forced to use WHC or North Finance charts when trading commodities.This can cause headaches as well.
Thanks Doji star for your info, I 've booked marked site just incase. it could be nice to have broker with MT4 from SA.

Ok silver is very lucrative for those with the right trading strategy and risk management system in place.


Last sell trade on silver = 31pips or $155

Up date on silver test trades using 0.1lot mini account are as follows:
$455+$155 = $610 + oil $100 =
current trade: buy back targeting 66pips or $330.0

Technically a mini account trader can make it from commodities but need a bit of equity more than 1k. Not bad as alternatives for fx. I have been
ignoring it in the past.

------------------------------------

I will try to post daily chaos commentaries on this pair as time permits.
  • #48
  • Mar 17, 2008 3:55pm Mar 17, 2008 3:55pm
almost 1640 pips
i only caught a 100 pips
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #49
  • Mar 17, 2008 4:03pm Mar 17, 2008 4:03pm
heres wat im thinking
tomorrow we will probably see a bullish move due to rate cut
but wednesday i think we will c a strong bearish move.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #50
  • Mar 17, 2008 5:06pm Mar 17, 2008 5:06pm
Quoting salah k.
almost 1640 pips
i only caught a 100 pips
Hi salah
where are these 1000s of pips coming from
I still cannot comprehend how silverspot market
gave that much. I cannot see it on my chart.

Buy = 20.70 to 21.34 = 64pips
Sell = 21.34 to 19.89 =154pips
buy = 19.80 to 20.28 = 48 pips
Total pips = 266 pips.

Pip value = $5 per mini ($1330) or $50 per standard ($13300)
I mean this is what I am seeing on silver spot are you trading
futures?
  • #51
  • Mar 17, 2008 6:43pm Mar 17, 2008 6:43pm
Quoting fxbroker
Hi salah
where are these 1000s of pips coming from
I still cannot comprehend how silverspot market
gave that much. I cannot see it on my chart.

Buy = 20.70 to 21.34 = 64pips
Sell = 21.34 to 19.89 =154pips
buy = 19.80 to 20.28 = 48 pips
Total pips = 266 pips.

Pip value = $5 per mini ($1330) or $50 per standard ($13300)
I mean this is what I am seeing on silver spot are you trading
futures?

yes my friend i am trading future
but its almost same in spot. 10 pips in future == 1 pip in spot

"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #52
  • Mar 17, 2008 7:01pm Mar 17, 2008 7:01pm
Quoting salah k.
yes my friend i am trading future
but its almost same in spot. 10 pips in future == 1 pip in spot

Ok northfinance do not have future on silver. 10pips!!!!! that would
require lots of money to trade, I guess it is not for minis. Even 1pip in spot
is lot about 5x value of normal fx
  • #53
  • Mar 17, 2008 7:26pm Mar 17, 2008 7:26pm
Quoting fxbroker
Ok northfinance do not have future on silver. 10pips!!!!! that would
require lots of money to trade, I guess it is not for minis. Even 1pip in spot
is lot about 5x value of normal fx
thats the beauty of silver.
more volatility and 5x the profit
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #54
  • Mar 17, 2008 7:49pm Mar 17, 2008 7:49pm
Quoting salah k.
thats the beauty of silver.
more volatility and 5x the profit
I can hear you! I made $235 using live 0.1 lot size

Account is small under $700 before.... but it is
not easy with the small account. -20pips is already
dragging one down (-$100), so I have to enter as acurate
as possible and leave as fast as possible.

Actually it is possible for me to scrap off all the pips in both ups and
downs using my chaos strategy with well funded account and good
risk management. There is no much friction like currencies.
Though I have to observe it again for some time before making
final conclusion.

What broker are you using for Silver futures? Are they having MT4?
I need to try out where you are hauling those pips in 1000s
I am tired of these slugish GBP/USD stuff.
  • #55
  • Mar 17, 2008 8:07pm Mar 17, 2008 8:07pm
Quoting fxbroker
I can hear you! I made $235 using live 0.1 lot size

Account is small under $700 before.... but it is
not easy with the small account. -20pips is already
dragging one down (-$100), so I have to enter as acurate
as possible and leave as fast as possible.

Actually it is possible for me to scrap off all the pips in both ups and
downs using my chaos strategy with well funded account and good
risk management. There is no much friction like currencies.
Though I have to observe it again for some time before making
final conclusion.

What broker are you using for Silver futures? Are they having MT4?
I need to try out where you are hauling those pips in 1000s
I am tired of these slugish GBP/USD stuff.

i first started trading last week with 1000$
in only three days i made the account 2404$ only with silver.
i am tired too of currenices but i will trade them for long time frames while scalping silver. basically u can never lose in silver if u hedge.

if u notice silver's movements are aggressive and quick and so are its corrections which make silver tradable almost everyday.

theres a broker here called orentus and it uses MT4.
i am currently looking at a possible long term short on cable possibly on wednesday.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #56
  • Mar 18, 2008 10:29am Mar 18, 2008 10:29am
This place is quiet. Salah how are you doing on the pair today.
I missed the buy leg, but collected $85 with one mini.

what is your view on interest rate and how will it affect it?
  • #57
  • Mar 18, 2008 11:10am Mar 18, 2008 11:10am
Quoting fxbroker
This place is quiet. Salah how are you doing on the pair today.
I missed the buy leg, but collected $85 with one mini.

what is your view on interest rate and how will it affect it?
im out till the interest rate is over
i wont enter until the market reacts to the rate decision because i believe the markets are exaggerating the reaction too much.

so i'll catch the crumbs today.
u?
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #58
  • Mar 19, 2008 10:20am Mar 19, 2008 10:20am
1868 pips in 1 day
thats amazing and worth discussing
any1 up for it
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #59
  • Mar 19, 2008 10:23am Mar 19, 2008 10:23am
Hey buddy can u send me the link to see gold chart pls? i had it on mt4 but now i dont see. thanks in advance.
regards
Quoting salah k.
1868 pips in 1 day
thats amazing and worth discussing
any1 up for it
  • #60
  • Mar 19, 2008 11:25am Mar 19, 2008 11:25am
Quoting kenneith
Hey buddy can u send me the link to see gold chart pls? i had it on mt4 but now i dont see. thanks in advance.
regards

this is one site that puts live quotes
http://www.kitco.com/

but personally i think u should open a demo on the net.

good luck bro
"what doesn't bankrupt me, makes me stronger" modern nietzche
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