Buy on a stop around 24.58.
Stop loss around 23.28.
+ A low risk buy stop has presented itself.
– The commitment of traders is not ideal.
+ This could be the start of a 5th wave up if looking at the weekly chart.
– If not, this trade will stop out due to being a bit early.
The sugar seasonals might be suggesting a nice multi week trend for early April.
+ Since the weekly CCI seems to be trending up, should be able to at least get above the 34 EMA.
+ October was selected rather than May since resistance was clearer.
– May sugar does have good volume though. But expiration is getting rather close.
May 15: No more paper trades. I was deluding myself that I was not solely focused on silver in April. Paying attention to illusions does not produce gains in anything but experience-the-hard-way. -43% based on stop loss.