boldtrader » Fri Mar 28, 2014 4:15 am wrote:alorente » Fri Mar 28, 2014 3:05 am wrote:nanningbob » Fri Mar 28, 2014 12:04 am wrote:alorente » Fri Mar 28, 2014 12:55 am wrote:matt_32 » Thu Mar 27, 2014 5:51 pm wrote:@alorente
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On a more recent setup, I am short EURUSD based on the same setup.
I am also Long Silver in the commodities markets based on the same setup.
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Hope this helps.
Cheers
Update to the Silver Position I posted on March 28th, now in 6th trading day:
The current position gained 23.78% today (as of this writing). Using the XAG/USD charts with the indi's channels and STO7 giving signals for buy.. I purchased the SLV 100 APR 14 18.50 Calls to make the Long position. The Calls will expire in 17 days, and I expect to have a 100% + gain on the position as I am expecting price to move up to an MST(s) at $20.65 and $21.10.
This is another example of broadening the traders horizons and how to generate revenue from the system.
The Call Option was purchase when XAGUSD was trading at $19.71, and the SLV ETF was trading at $18.96.
I purchased the $18.50 call to have less volatility on the position against any pullbacks. This increased my cost a bit more, but reduced my risk volatility levels by buying deep into the money.
Hope this helps..
Almost forgot.. here is the same chart with the new ATR channels added (per Bob's settings). I am testing the waters here.. and all trades so far have been 100% winners.
Thank You Bob.
Cheers