Thursday, April 5, 2012
Silver Price: 31.67 $ per troy ounce - ISIN: XC0009653103
SILVER is since May 2011 in a comprehensive correction. Within its, many correction variants are possible. In the greater time level a wave 4 is expected. It is not quite sure if the wave 4 already finished at the end of 2011, or whether there is more to come.
Should the wave 4 be finished, then the last peak would be counted as wave 1. Should they not be finished, then the pulse would be only the wave c of wave b. This wave b by the way is exactly the same length as the wave a, and could be quite a perfectly harmonious aspect.
Assuming the bullish case, the already completed wave 1 would expect a wave 2, then this wave will make the sub-waves a-b-c, or even more complex. Certainly is the make or break mark for the wave 2 at $26.00.
BEFORE you are trying to use my analyzes for serious trading, you should become familiar with the Elliott waves by reading books and searching the web. Unfortunately I do not have the time to help you learning and understanding the Elliott waves.
Also I strongly recommend doing paper-trading to get a better 'feeling' for my analyzes. The most important part of trading is however the money management! You should NEVER risk more than 1% of the total amount of your trading portfolio for each trade, otherwise you will always be a part of the 95%! My goal is to publish at least 4 analyzes per month of the most common indices, currencies and commodities.
Thank you for using my blog,
Wednesday, April 4, 2012
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I would like to remind you that the data contained in this blog is neither necessarily real-time nor accurate. All stock prices, Indexes, Futures, buy/sell Signals and Forex prices are indicative and not appropriate for trading purposes; furthermore they are not provided by an exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price. I don’t bear any responsibility for any trading losses you might incur as a result of using this blog.