Best MCX silver trading strategies
What are the best intraday silver trading strategies,In this topic we learn the best silver intraday trading strategy. In Indian commodity exchange (multi commodity commodity exchange) MCX silver is traded in three different-different lot sizes the first one is silver mega lot and second one is silver mini lot and third one is silver micro lot.
Below table you can see the silver and their lot size in MCX.
|mcx silver and their lot size|
In Indian MCX commodity market all commodity segments traded for a limited time period usually one month to three month and after this these all MCX contracts expire and new contracts start.This all type of trading is known as derivative commodity trading.
Here below you can see a silver intraday candle chart.
|Silver Intraday candle chart|
Silver intraday trading strategy
In Indian commodity exchange all commodity trade is between 9.00 am to 11.00 pm. The silver also trades this time frame. So here we discussed What are the best intraday silver trading strategies, for this we need to trade every day at a high low breakout of the 9.00 am to 5.00 pm intraday market in commodities. Silver trading at 5.00 pm breakout is a very accurate result.
In silver trading the breakout between 9.00 am to 5.00 pm of high low gives you high percentage results due to opening of international market.
Here below I show you some example of 5.00 pm breakout.
|Silver 5.00 pm high breakout|
So the above figure clearly shows when the price break above the 5.00 pm day high the price continuously move upside and give a big profit.
|Silver 5.00 pm low breakout|
So the above figure clearly showing when the price break below the 5.00 pm day low the price continuously move downside and give a big profit.