re: your point about averaging down: For an inexperienced trader with no sound averaging method, it can be a one way trip to margin call. However, as explained in the video you refer to, the big players use averaging to position and protect going ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

hi cuchuflito, do you mean the video recently recently featured by ZeroHedge? url If so, i just want to point out that, as explained in the video (and by similar employees now members here), "stop hunting" is not really what we think it is. It is ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

There's the vanilla martingale - which basically means you double down on each progressive loss until your $1mil is all lost, then there is the martingale grid as applied to trading, whereby you average by doubling - up to a specific drawdown ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

could very well do that. I find PA very strange and difficult to trade the past week.... waiting for some direction out of this zigzagging knot

XAU/USD & XAG/USD - Gold & Silver Traders Thread

puma, there are a few things you mention that are also on my mind: 1) trades going against you. I don't know what it is but suddenly for the past 4 maybe 6 weeks i cannot hit an entry right. This is especially unfortunate given that i'm mainly ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

hi silverpuma, R2R will no doubt respond regarding your questions and remarks. Your post comparison of the textbook 5% capital risk vs a spread-out martingale got me thinking about trade entry. We tend to enter and exit trades with defined criteria ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

hi Scalptastic, I also have that decending TL across the LHs and see it most people's charts. Thing is: it's been breached by the close and repopen above it. Confirmation of the breakout will no doubt come when the retest shows PA's intentions ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

R2R, indeed and indeed. I'm currently long silver for the longrun. Gold is my main instrument and it has been tricky lately as it resolves some downside but I am currently long targeting 1335 (perhaps 1355) and then a final downside exploration ...

Sultans of Swing

Pablo, Wow, that sounds amazing... and Thailand is exactly the kind of place where you can step out of the hub, into local life and just enjoy the ebb and flow of daily existence. The Thais are very welcoming in that way, altho' one wouldn't say ...

EurAnalysis

Thanks for the reply CurrencyMan, I look forward to your explanation however brief. As I said in my elaborate post over the weekend, I am not taking positions right now - too much uncertainty - instead just grabbing whatever presents itself in ...

EurAnalysis

Welcome back, PipTrapper. Being without cellular reception is a strange experience but with great "disconnection" benefits, eh?

EurAnalysis

hi R2R, I've found @nanningbob's martingale grid calc spreadsheet (finder3-altered3.xls) but i'm unsure how to use it accurately. I understand the Martingale grid concept and simply want to map out a grid for my available margin and sizing ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

hi Archer, I propose that XAU may be making a leading diagonal as seen in XAG back in July. It's the only fractal i can find that matches the current "triangle-but-not-a-triangle" pattern... My original expectation is that 1335 should be struck and ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Mave, about your question re: Gold and inflation: there is a longstanding belief that (over the longterm) Gold protects one's wealth against the ravages of inflation. Here are two links. The first just defines "Inflation Hedge" and the second ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

hi XTrade, thanks for the welcome! Well, I noticed this thread a few days ago and not knowing any history I added some comments and advice... Gold is really zigzagging away and it would be good if it can get some direction! No more major news today ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

i do, TP. i looked at every country I might like to live in and chose Thailand: Land of Smiles. Good people, Benevolent monarchy, everyone has a job, house, their own land and basic necessities are affordable. In fact, monsoon season provides free ...

EurAnalysis