New Silver Setup Went Up 90-Fold - Currently Bullish
Silver went up more than six-fold between 1995 and mid-2011. Meanwhile, my new trading setup for silver went up over 90-fold in backtesting.
Like the other setups in my COTs Timer trading strategy, my signals for silver are based on the Commitments of Traders reports - the free weekly data on trader positioning issued by the U.S. Commodity Futures Trading Commission.
My silver setup is currently in its fourth week of being bullish. It is based on trading alongside the "smart money" commercial hedgers in silver futures and options and trading in the opposite direction as the wrong-way small traders, who tend to be wrongly positioned at key market turns. The setup is in cash when the two groups of traders don't give the same signal.
See my newly updated latest signals table and backtesting results page for more details on this setup and what the silver COT data is saying these days.
I test the COT data to find levels of trader positioning that were historically followed by price moves. I use a variety of statistical techniques to identify signals that not only gave good profits, but also that did so reliably. In fact, the reliability of the signals is far more important to me than the levels of profits. See my FAQs page for more on my backtesting process.
I should soon add a setup for the Euro/USD cross.
Good luck the rest of this week, and see you back here after Friday's COT release for another weekly update.
My silver setup is currently in its fourth week of being bullish. It is based on trading alongside the "smart money" commercial hedgers in silver futures and options and trading in the opposite direction as the wrong-way small traders, who tend to be wrongly positioned at key market turns. The setup is in cash when the two groups of traders don't give the same signal.
See my newly updated latest signals table and backtesting results page for more details on this setup and what the silver COT data is saying these days.
I test the COT data to find levels of trader positioning that were historically followed by price moves. I use a variety of statistical techniques to identify signals that not only gave good profits, but also that did so reliably. In fact, the reliability of the signals is far more important to me than the levels of profits. See my FAQs page for more on my backtesting process.
I should soon add a setup for the Euro/USD cross.
Good luck the rest of this week, and see you back here after Friday's COT release for another weekly update.