Hi thanks for reply
Is there any way that we can know when there will be a movement.
thanks
What parameters are you using in Supertrend for Silver???
I trade Silver "positional" with Supertrend alone and am doing good! In fact the profits are stupendous! I use Supertrend 2,14 ! My trades are generally for 2 lots or more and I exit 1 lot or part qty. at some profit and allow the balance half to run till reversal or SL!
2014 trades on EOD chart in Silver as per Supertrend(2,14)
01. 2 Jan 14 Long 2 lots at >44600, exited 1 at 45600 on 6 Jan , 2nd lot hit SL at 43500. Trade gave an opportunity upto 45740. Net result : From an opportunity for 1140 points managed to Gain 100 points.
02. 30 Jan 14, Short at 43500 , did a low of 42928 and reversed to long at 44200 ! Net result : From an opportunity of 570 points managed to end at a Loss : -700 points.X2= -1400
03. 5 Feb14, Long at 44200 did a high of 48343 and got exited at 46800 on 26th Feb ! Net result : From an opportunity of 4140 points managed to retain 2600 points. 1 lot was exited and not reversed at 1000 points... a gain of 3600 points in 2 lots.
(Had we reversed to short here, gains would be out of the world!
)
04. Went shot only on 19th Mar at 45400 and carried the short till April end and exited at 41100 on 30th Apr 2014! As usual exited 1 lot at 1000 and the second lot gave 4300 points, thus 5300 points in 2 lots!
The long signal did not trigger on 7th may and again a short trade was taken.
05. Short trade at 40700 on 23 May 14! Did a low of 39500! It got exited at 40600 ! 2 lots giving 1000+100=1100 points!
06. Long on 13 June at 41600 ! Did a high of 46400 ! Exited at 44600 on 15 jul 14 ! Giving 1000+3000=4000 points in 2 lots.
07. I am currently Short from 44500 on 24th July and holding the short in 1 lot. Exited 1 lot on 5th Aug ! 1000 points in kitty and cmp 42055 on 1st Sep (Today) SL is 43350 now !
100, -1400, 3600, 5300, 1100,4000,1000 and 1 lot short in hand !
You need to have discipline in your trades and very frankly an early Profitable trade when you first enter is really really helpful to maintain discipline. In my case my first exposure to Silver was a LONG trade on 22 July 2013 at 42100 and silver raced to over 50000 in 2 weeks and to almost 60000 by next 2 weeks. I exited 0n 30 Aug 2013 at 53555 ! I still remember this figure as this is the biggest single gainful trade of my life ! Gave me a profit of over 325000/- in a single Silver lot. I was trading a single lot at that time.
There after I had 4 or 5 loosing trades out of 7 total trades and I lost almost 3400/- points ! These losses made me jittery and I started trading 2 lots and exiting 1 at 1000 points approx. Though trading both lots till reversal or exit would surely give me better returns but the early exit at 1000 points gave stability to my "mind" and reinforcement to my trading discipline !
So I think 100 points in Silver with proper discipline should not be difficult. And as you yourself have observed that you are surely getting a 100+ point move in silver on Supertrend cross so stop procrastination and plunge in but no harm in starting with a mini or micro Lot size and then promote your self to 30 Kgs lot !