Wed, Jun 15, 2011 - 10:58am
For those of you who like to catch falling knives, I thought I would start a thread for those of us playing the short-side of the metals game (for today, at least). My reasons for shorting silver now (10:55 EST):
1. I see resistance at 36, and again at 36.25... creating an easy benchmark, for me- spot goes above this or the chart doesn't look like I want, I exit my short to fight another day
2. We are near enough to these resistance levels that the risk / reward looks good to me.
3. Short term, I see more downside potential than upside.
Jost FYI this is a day / swing trade for me, depending on what the market does and what the charts look like near closeing. Anyone else want to share thoughts? Good luck trading, everyone!
Edited by: Pining 4 the fjords on Nov 8, 2014 - 5:16am