My plan to trade silver.
In an uptrend enter the trade when 20 days MA crosses or is about to cross 200 MA.
In this chart we see that it has already touched 4 times.
So, the question that comes to my mind, what is the maximum time the price has crossed over in uptrend and what's the minimum times the price has crossed over?
Why is this question important?
This will help us to know how many opportunities we can get to add additional units, considering i am only trading 1 unit to begin.
On Sept 1st these four key data were published.
- Unemployment Rate
- Nonfarm Payrolls
- ISM Manufacturing PMI
- ISM Manufacturing Prices
- Average Hourly Earnings
Silver took the down trend after this.
In October the price reverses and makes uptrend.
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