thread: Can I recover trades with only 10% equity left? Please help!

OK, I#8217;ll throw my hat into the ring, FWIW.

I#8217;d be very wary about doing anything until the gold vote has solved itself, especially since EUR and CHF are generally highly correlated. Jarratt Davis (my primary economic study ) was total bearish on EURUSD http://www.forexpeacearmy.com/forex-...-november.html, along with the numbers came out pretty much as he believed that they would; reading between the lines, he apparently believes EU can go lower in the medium term. I'd wait for his weekly opinion for the week.

Technically, EU stays in a downtrend, though this seems to be slowing, with a double bottom at 1.2360, which I see as offering resistance, in the bottom of the demand zone. I certainly wouldn#8217;t even be seeking to buy EU unless/until there was a dramatic trend shift, both FA and TA wise, but when I had to exchange EU, I'd look to take wary sells, if I could discover appropriate bearish PA in lower TF supply zones, above the white median line (see attached chart) and preferably above/around the green line, permitting low risk entries, and permitting up to ~ 100 pips values of profit after price down to the major demand places. For a hedged trader this might imply shutting buy positions, at a loss if needed, to depart himself web .

But the gold vote could possibly have a very significant impact.

quote Sounds pretty likely to me. Pimco had $1.92 trillion in AUM @ the end of 2013. Asset managers receive a 2% management fee 20% commission fee. So giving $290 million $230 million in bonus is a fairly small part of this $38 billion management fee Only taking the management fee would be $38 billion for 2013. The numbers are just difficult to believe because they're so big.

No, dude. You did not know what I mean haha. It may exist, however it is not true to me haha

@stewrigh

However atm its moving south and I'm in dd

I understand why you are in DD. But do you understand why you are in DD?

What made you take a very long silver position stew if I may ask? And how exactly are you hedging it?
Only trying to understand your rationale behind that trade.

Rgds

@ quote I understand why you're in DD. But do you understand why you're in DD? What made you take a long silver position stew if I may ask? And how are you hedging it? Just trying to understand your reasoning. Rgds

I'm a long term PM bull - I have been buying physical(stacking) for abt 5 yrs.

Back in May I bought at 19 and took a little profit at 21, but when it started to fall - I decided to hedge instead of sell.

I concluded that there was limited down side but unlimited upside and since they're futures it costs me as long as the margin is covered - that it is.

In this way I am taking profit on the way down and I'm already in for the flip when I shall start closing the shorts adding to the longs.

Have you see any one of Graeme or Vexs posts?

@ quote I understand why you are in DD. But do you understand why you are in DD? What made you choose a very long silver position stew if I can ask? And how exactly are you hedging it? Just trying to understand your rationale behind this trade. Rgds

S - Can I ask what, if any, is your relationship using Norberts insider?

@ quote I know why you are in DD. But do you know why you are in DD? What made you take a long silver place stew if I may ask? And how exactly are you hedging it? Just trying to understand your reasoning behind this commerce. Rgds

I am in DD bcos I moved long and price went south - I decided to hedge it instead of take the strike and that was the program.

Why do you think I am in DD?

@stewrigh

Buying physical makes sense for me completely. The way I would do it.

I wouldn't do it currently while the USD is so bid though.
It has been shutting yield spreads recently, cutting into most(if not all) higher yielding counterparts.

However, if your afraid to miss out, then that emotion will surely take over and you'll buy.

Yes, I have read articles by these guys.
They look to position build to catch enormous tendencies.
From memory Graeme calls it a 'millipede' .
It's absolutely a great egy. What makes it work is operating with'price drivers' and not against them.
Young Bender got himself into a pickle because he had a notion (or system or anything, only God knows), but his positions were not aligned with reality.
It is possible to millipede all you need, but if you've got no clue how the market functions then you won't get any of his little legs moving lol.
And if you don't understand how the market operates and you put little legs on and you continue putting them on despite running against enormous flows,then you are going to wind up getting an extremely expensive little millipede.

Why take heat when you don't necessarily want to?
I'm not saying that its a bad thought buying silver, but surely you want to make an edued well thought out decision,no?

And just how exactly are you hedging it?

Didn't get your answer with this one Stew.
How are you going about it?

Rgds

Why do you think I am in DD?

One-way trade into the U S D, across the board.

Here's a word of advice to anyone reading this article.
Never ever look at a chart and make a decision of that alone.
You MUST find out what is driving it(the chart) either upwards/downwards. If you don't understand why, then you shouldn't be trading before you do.
Trading only from a chart is a huge mistake. If someone does not understand why, then I'll elaborate.

A chart is a tool for measuring risk and market state.
rgds

S - Can I ask what, if any, is your relationship using Norberts insider?

Who/What is this Stew?
I have no idea lol

Rgds

@ Buying physical makes sense to me totally. The only way I'd do it. I would not do it currently while the USD is really bid though. It has been closing return spreads lately, cutting into many (if not all) higher yielding counterparts. However, if your afraid to overlook, then that emotion will certainly take over and you're going to buy. Yes, I have read posts by these men. They look to place build to capture huge tendencies. From memory Graeme calls it a 'millipede' . It's absolutely a great egy. Why is it work though, is operating with'price drivers'...

I'm not afraid of missing out - I simply decided to hang on to my longs instead of close them - and I am position constructing or dollar cost averaging - whatever you wish to explain it .

IMO I am not going from the price drivers - silver is quite near, if not at the bottom and I have been constructing a long position(millipede) to ch the up trend I think will materialise

I am also not taking any warmth I am builing a position and planned/expected some DD - this was a well thought out strategy and decision on my part.