I know many here believe TA does nt work and its all random / newsdriven. Fair enough. But I think Silver is setting up for a strong move and could cross 700+ (silverbees i mean) in the coming months based primarily on structure and not macro news (though news helps most of the time). for context silver is now around 233 inr per gram.
So heres a light hearted challenge:
If silver hits 700+ in the coming months, and if you accept this challenge
You guys put in your bio for one month:
“I believe technical analysis works… at least sometimes.”
If it doesn’t hit 700+, I quit this forum. Yes I can come back with livepositionaltrader2 and lose all my chats… but still its a pain
This is just for fun. No ego, no toxicity.
Lets see what the market decides.
Silver 200%+ / 700+ Silverbees in coming 100-150 days
TA does work, and i make money off it. At least so far for few years now …
But, on any single trade or even small group of trades, i have absolutely no idea what will happen.
I don’t even know if system will continue to work …
Anyway my opinion - If silver hits your target, it does not mean (your) TA works. And if Silver does not hit the target, it also does not mean that (your) TA doesnt work.
Still dont understand, why people keep looking at TA as one single thing.
Anyway, good luck.
lol. I am not bullish. I am neutral. It was going up too much too fast and I sold and now that it’s down 40 percent, I have bought it back. Now let me wait for 5L in silver to sell again. 700 in one year is not happening.
I bet against TA and i make money off it. So IMO it’s ultimately the strategy which works with proper risk management.
I will agree it works, only if nifty comes to 19500.
Okay now on a serious note. TA does work when used rightly. Also, random works very well when done randomly.
its a pain
I am not bullish. I am neutral. It was going up too much too fast and I sold and now that it’s down 40 percent, I have bought it back. Now let me wait for 5L in silver to sell again. 700 in one year is not happening. 