Silver - Hanging man bearish reversal pattern spotted

I was stopped out of my short-silver trade the last two times round. And i here i am today taking the trade again the third time on the basis of a hanging man bearish reversal candlestick on high volume for Silver ETF (SLV). This will be a trade with a tight stop loss just below the low of the hanging man. While a hanging man pattern does not mean that it is a short, but it does appears on an uptrend increase the probability of that the trend might be changing. And remember, trading is a probability game. Could this be the top for Silver? Catching the top dollar has always been the most expensive!!

Remember to always trade with stop loss!

Mighty Silver - At important reversal pivot point ?

Super huge volume on reversal candlestick pattern for Silver... 
And shorted Silver i did... via ZSL (Proshares UltraShort Silver ETF)

Mighty Silver

I was stopped out of the ZSL trade about 2 weeks ago. ZSL is a short silver ETF. At that point in time my analysis was that they were high probability trades going by the volume and price action but lo and behold... Never said never in the stock market. I always adopt this mentality when placing trades that : "I am going to be wrong most of the time". If the inevitable comes and the loss has to be taken, take it and move on!

Just when you had given up on this trade, another signal appeared. What do you do now? We do not throw in the towel yet. If your style of trading prompted that its a signal (high volume with reversal candlestick) you should take, then you should not give this trade a pass. For all you know, this trade might work out. I'll said: take this signal again and buy ZSL the next trading day with stop loss at the low of the bullish piercing candlestick spotted at closing today. Note the huge volume which was even higher than the previous trade i took about 2 weeks ago. Golly....

Short Sliver ETF (ZSL):