Sirjee,
Pls explain how has ATR helped in this whole process... would appreciate..
thanks..
Pls explain how has ATR helped in this whole process... would appreciate..
thanks..
i thank you for providing these two wonder full charts
its comparison gives a clear indication,that a big fall in silver is still balance.
but first i would like to point out the flaws in these two charts
first:200 day ema is the best indicator of trend,even to day
two:200 day ema,combind with 50 sma and break out on upper side is called GOLDEN CROSS OVER--SIGN OF STRENGTH
three:200 day ema,combined with 50 sma and break out on lower side,is called BLACK CROSS OVER---SIGN OF WEAK NESS
four:60 sma/200ema combination is wrong
five:above combination of 50sma/200ema is permitted on eod charts only ,not on weekly charts
six:try to use this combination in weekly chart is wrong
sevenn weekly chart 200ema ,alternative is used and that is 50 ema
eight:so use of 200 ema on weekly chart is wrong,that will represent cycilical changs,for trading point of view these changes are irrelevent
so you can not rely on these two charts
TOMMOROW I WILL EXPLAIN ,HOW SILVER HAS GIVEN 8000-10000 POINTS
JUST BY USING VERY SIMPLE INDICATOR THAT IS STOCH IN JUST TWO DAYS,WHICH EVEN A VERY NEW TRADER CAN USE[/QUOTE
its comparison gives a clear indication,that a big fall in silver is still balance.
but first i would like to point out the flaws in these two charts
first:200 day ema is the best indicator of trend,even to day
two:200 day ema,combind with 50 sma and break out on upper side is called GOLDEN CROSS OVER--SIGN OF STRENGTH
three:200 day ema,combined with 50 sma and break out on lower side,is called BLACK CROSS OVER---SIGN OF WEAK NESS
four:60 sma/200ema combination is wrong
five:above combination of 50sma/200ema is permitted on eod charts only ,not on weekly charts
six:try to use this combination in weekly chart is wrong
sevenn weekly chart 200ema ,alternative is used and that is 50 ema
eight:so use of 200 ema on weekly chart is wrong,that will represent cycilical changs,for trading point of view these changes are irrelevent
so you can not rely on these two charts
TOMMOROW I WILL EXPLAIN ,HOW SILVER HAS GIVEN 8000-10000 POINTS
JUST BY USING VERY SIMPLE INDICATOR THAT IS STOCH IN JUST TWO DAYS,WHICH EVEN A VERY NEW TRADER CAN USE[/QUOTE