Silver Analysis Report - 8/28/20...Silver Run Not Done (Video)

In todays video, I’m going to analyze silver. We have seen a nice runup in price, but price has recently stalled out, so is the right over…lets go to the charts.

MY TRADING METHODOLOGY IN A NUTSHELL BELOW

I’m a supply and demand trader. The premise of supply and demand trading is when the market makes a sharp move up or down the large institutions i.e banks/hedge funds are not able to get their entire trade placed into the market, leaving pending orders to buy or sell at the zone with the expectation the market will return to the zone and the rest of their trading position will be filled.

I use multiple time frame (MTF) analysis to improve my discretionary trading decisions. MTF analysis involves analyzing the same asset on multiple time frames. The rule of thumb when using MFT is you want your charts to scale down/up by 4X – 6X. In my case I tend to look at:

Abbreviated Version
Monthly Charts (curve time frame) – which represents that jet fighter flying over the football stadium.
Weekly Charts (trend time frame) – which represents the concession stands looking down at the field.
Daily Charts (entry time frame) – which represents being on the football field with the player.
4 Hr Charts (entry time frame) – which represents the center hiking the ball to the quarterback.

Expanded Version
Highest Time Frame
I use the highest time frame for curve analysis. Where did price stop going lower and turned higher and/or where did price stop going higher and turned lower. If the price is in the middle of zone, then I will move to a lower time frame to identify the trend.
Middle Time Frame
I use the middle time frame for determining trend: continuation of trend, consolidation, whether price is ranging and potential reversals. I’m a trend trader and prefer trading asset that is trending up or down. ’m looking to get in the trend on pull backs.
Lower Time Frame
Depending on the size of the zone and my risk, I make entry trades directly on the zones identify on the middle time frame. However, if I want to lower my risk or fine tune my entries, I will use the lower time frame.