Now onto the chart,
-Ichimoku Cloud ( only using the actual cloud portion of this ).
The is an indicator you see on the main chart that gets bigger and smaller which in turn creates the "cloud".
This helps determine trend direction as well as a double support or double resistance.
-CCI ( )
The is the sub-indicator on the bottom end of my chart, this is basically an hyped up on steroids with the value changed to a ridiculously high number to spot longer trends.
It is joined with two signal lines of values at 35 ( green line ) and a 75 ( red line )
how to interpret:
The objective is to look for a four signal crossover. The first crossover to look at is the 'cloud'. This is showing you your support or resistance, over cloud means uptrend, under cloud means downtrend and in the cloud means no position should be held if not one held already. The last three crossovers are within three . Say for an uptrend, you must see the line ( white ) be above both , this is two of four crossovers. The fourth crossover to look for is the green to be above the red in the case for a long position.
I hope this helps you in learning my layout but seeing that studying, learning and testing new things constantly will bring you good fortune in the future. If you have any questions for me feel free to shoot me a PM, I am not a teacher but I am always willing to offer some sort of help with the things I am knowledgeable about.
Here is the link to the chart layout down below!
BTW, nice trade in silver. I am still long, but looking to pare my position down a bit.