Expanding yesterday's silver study to include FXE – the Euro proxy- helps to better see silver's typical behavior. Only 5 trades in the last 4 months and the current one should probably have been stopped out 3 days ago when a nice profit was in hand. Those reversals off the zero line can be costly and a Lazy Man's way to handle the matter is simply close the trade, take the money and wait for the next setup. The idea here – as per the PDQ Dashboard – is to take of number of highly correlated SLV pairs and trade the SLV side of the pair up or down. In this case just trading SLV accounted for 49% out of the 61% total gains – why bother with the FXE side?
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