dmedin

@Caseynotes Aww what a pretty butterfly 🦋

Yes will keep looking at it - I won't trade on 1 minute charts though personally, 15 mins is my lowest.

Wait and see if it can push back up into the gap ...

Initial inspection -

Let's have a look ...

Zut alors!

Cripes! I missed a good'un this morning!

Can you explain a little further on who might have a vested interest in an economic downturn?

👍

Riding it up and down is tempting but I think it's safer to work out the underlying trend and only trade in that direction (so if it's down, trade when it bounces and starts going down again; etc).

Over and out

Jumpin' Jehoshaphat!

@Mercury You're quite right, indeed. I suppose silver has an intrinsic value in terms of its desirability as an object, for some people at least. Like artwork and aged wine.

I wonder if the American people will ever wake up and notice what's going on. Probably not.

@nit2wynit Giving yourself such an ultimatum won't work out. Should have stopped myself a long time ago. It IS addictive, and trying to stick to the demo doesn't work. Soon as what you think is a good idea pops into your head, you can't resist betting real money. It's mad hurtful.

@Caseynotes It looks very interesting indeed.

@Mercury You're absolutely right, the price could go either up or down in any given time frame. EWT is a very nice and convoluted way to express this fundamental platitude. Silver as a precious metal/source of value? I think not. Not since the 18th century anyway. It's an industrial metal so its value will fall during recessions.

Yep, this is really easy to trade ...

There are pros and cons to each platform. There isn't one single platform that has all features and best performance, so it is fragmented into several based on individual preference. (Even the premium PRT is missing some features like tick volume.) MT4 offers scripts but it's limited in terms of what you can trade. The Web platform doesn't allow custom indicators or scripts.

I feel that they give a very different and far more decisive picture, for example: Regular candles: Heiken-Ashi: Pretty unambiguous?

Heiken-Ashi! Revealing my rubbish timing! Second red bar after the last green one would have been a safe entry point to go short!

@TrendFollower EWT, like TA in general, can be manipulated and twisted to explain any and every situation 'after the fact'. It is so flexible that one can literally never admit to being wrong, there are no rules without potential expressions. Or, as the professional technical analysts always say, 'Price may go up, or it may go down'. That's the ONLY thing anyone can say with 100% certainty.

I have been trying since September last year and have not found a single method that can be consistently profitable on any time frame in any market ... Probably time to quit and stick to 2% saving accounts. That's better than losing thousands of pounds

Lo and behold, it's come all the way back up again

Cripes!