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.
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.