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

quote I've been gradually building a long position in silver too along with Stewrigh. Yesterday's activity is why I don't wish to await a bottom. Silver could be crazy if I didn't have a long position, do I need to buy after yesterdays large rally? Even if it doesn't hold, I feel that at any point you might see a strong rally that could last for 20-50percent in a short time period. I'm not pursuing a market higher so I will start slowly building a position. I will not do it gold because fundamentals are completely...

Thanks - this pretty much sums up my viewpoint of silver.

quote Thank you - What I actually did is bank some shorts beneath 15 - today internet long. Did/do you work for a bank?

Not at all Stew.I simply trade professionally from house.
I have some friends who work for banks, but not .
Rgds

quote Not at all Stew.I just trade professionally in house. I've some friends working for banks, but not myself. Rgds

Hi skfx,
What's the avg. Length per trade (not including the waiting period, intraday)?

quote Hello, what's the avg. Duration per transaction (not including the waiting period, intraday)?

Mave

Most of the time I pay intraday but sometimes I'll need to roll them for longer to attain goal(not my financial target lol, but concerning price).
If I am running macro on some thing, I'll attempt to web that side, while also carrying some intraday. The intraday stuff could run from 1 hour so right up to sessions.
To place an average hold figure is tough. I don't track it that way.

If we have a solid USD bid for example and I am selling EUR or AUD. I'll be attempting to clear something price wise. The time that it takes is irrelevant.
There might be a barrier in play and on London open you feel that the pressure in prices needing to attempt to gun it with macro. As construction and OF confirm on its probable, I'll position myself a little and look to press. I can't control the hunt in this case but a high likelihood is they will do it at a certain stage. The time component I'd love to control, but it's out of my hands.

It isn't so much how long, but more a matter of if. If you ch my ramble I'd rather it do it quickly. Occasionally it takes its time lol
I hope this helps.
Rgds

quote If somebody does not know why, then I'll elaborate. A chart is a tool for measuring risk and market condition. Rgds

pease do skfx
also read your orderflow thread but couldnt get it...

Thank you in advance

quote Mave Most of the time I pay intraday but occasionally I'll have to roll them to get more to achieve goal(not my financial target lol, but concerning price). If I'm running macro something, I'll attempt to net which side, while taking some intraday. The intraday material could run from 1 hour to sessions. To put an grip figure is tough. I don't monitor it that way. When we've got a strong USD bid for example and I'm selling EUR or AUD. I'll be trying to clear something price wise. The time it takes is mostly...

The london option here is particularly interesting because it's truly weighing on the trading choices I make. Is it possible to do while trading only half the session?

Profuse apologies for my own conceit, however I could #8217;t resist a quick boast on the very rare times when one of my predictions actually works out. LOL

Referring back to article #162, price did indeed retrace back past the green line, and rebound from the distribution zone #8216;A#8217; down to the need zone #8216;B#8217; (see screenshot).

Let#8217;s hope that the OP also captured many of those 100-odd pips.

I see that http://www.jarrattdavis.com/forex-ne...ember-1st-5th/ remains fundamentally bearish on EU, especially if the ECB institutes QE.

quote pease do also examine your orderflow thread but couldnt get it... thanks in advance

bradu

thus a chart is background, it's exactly what HAS happened.
They're useful to a trader but you should not be attempting to get an advantage purely out of a chart. If you think about the sum of retail traders that neglect, what exactly do they all seem to do that is actually common?
You must do the job first away from the chart and then use the chart just for risk.

When a chart is rising/falling, how can you know that it will'continue' to rise/fall?
If you are not considering the price drivers, then you're trading blind and online expect. Hope of continuation.
The only way you'll know whether it is going to continue or not would be to monitor the price driver rather than the chart. In the event the price driver stays the movement in price continues in that leadership.

If young Bender implemented the principle, then that thread would not be in life and he would not be in this predicament.
He was obviously trading almost purely by a chart and was ignorant/oblivious to how the Eurozone and ECB were starting to run against him.
Now he is captured in a full blown, as bad as it gets, 1 way macro trade. And you are on the side that is wrong then and when it does this it's going to get messy.
If you're able to monitor the fundamentals well, then you can be on the other hand shorting this and make a killing.

I am almost certain that there are some millionaires being created on those current macro flows in EUR, JPY and USD. However, those men making it are not just chart trading. They do some work.

Ha, when trading out of a chart was all it was all about, then my next door neighbour will be wealthy, in fact everyone would be doing it. You see, everyone is doing this and most are losing. Red flag?
The chart is basically the previous 5 percent of the transaction.

Seeing my other thread. I was habituated to how dealers and larger participants select the other hand off.


Hope this helps.
Rgds

quote The london alternative here is especially interesting because it is truly weighing on the trading decisions I make. Is it possible to do good when trading just half the session?

Mave

you're able to trade half sessions, in fact you'll be able to trade for as long or as brief as you would like.
I believe though monitoring sentiment over sessions would be the best way to go about it to get a professional trader.
If you can just sit and trade for smaller amounts of time then I suggest monitoring fundamentals and riding macro flows, but giving yourself some room with your own positions.
If you stand too near with your'outs', then they'll take you out on a temporary change in sentiment intraday and you will not ever be able to realise profits on macro.

Position sizing is key and being fluid and flexible. Don't stand too near. After that you can use various risk events to pick discount up .
Keep your eye flows and improvements that might affect the fundamental picture and your position. Manage your exposure accordingly.
Rgds

EURUSD FLEW UP!!!!!!!!!!!!!!!!!!!