#01 Shorting the Silver
By FinancialVeracity  •  April 30, 2017

Date : 24th -28th Apr

Spotted market in a bearish short-term trend as it fails to break key level. However an immediate entry on the daily time-frame requires a high risk exposure on my a/c, hence I’ve decided to use a smaller time-frame to position my entry.

What I needed for an entry was a sign/confirmation that market is also trending in a bearish direction on the smaller time frame. Price action has made a new low (1st), market retraces and failed to break previous high (2nd), Doji formed, making it a good winning/low-risk trade for me.

Sadly, I did not take the full profit that was initially planned as a strong hammer was formed on the small timeframe (similar reason for my entry).

Comment if you like me to continue sharing my trade log


...
Read the full article
By FinancialVeracity
24 and on a constant lookout to improve my financial literacy in order to achieve “Financial Independence”. The sole purpose of writing this blog is to give whatever little financial knowledge I have to everyone.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance