Best Thread Silver!

Holy ****!

there was talk about margin requirement increases?

fade this move sans leverage IMO

I just made £2900 in a few minutes ( decent amount for me) Got short just below that consolidation over the last few days.


Liquidated all my physical at bullionvault for a few hundred loss Sunday + a bit more just now. I got off lightly.

Sweet:clap::clap:

HOLY *************** $25k in a few minutes....

Never seen it move that fast...ever

Guess the top is is

LiveTradingZone said:

HOLY *************** $25k in a few minutes....

Never seen it move that fast...ever

Guess the top is is

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Awesome

dmt257 said:

Awesome

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Thanks...was looking for $1k For once a trail stop worked well :cheesy:

i'm looking forward to a choppy market, how else can i learn to trade in all market conditions

Chartsy said:

i'm looking forward to a choppy market, how else can i learn to trade in all market conditions

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just fade it, this is a forced move.

dmt257 said:

I just made £2900 in a few minutes ( decent amount for me) Got short just below that consolidation over the last few days.

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I would be selling more on pullbacks.

Look for $44.62.

Will do.

I traded it on two accounts with no more than a few k in because im a beginner. Both just about doubled

trader_dante said:

I would be selling more on pullbacks.

Look for $44.62.

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once it gets to there put more buy limits in at 42 - again. sans leverage.

This is all due to CME increasing margin requirements. After all the overleveraged accounts are out it will go back up. I'd be looking for buying opportunities.

Peter

4 once pete we are in agreement.

d!ck all had changed here, just forced long liquidation in thin markets. you can even put long limits in at 42 now, let the weaker faders get squeezed out before we revisit the scene of the crime.

PEACE

Why the gold sell off? Panic from the silver?

Jason101 said:

Why the gold sell off? Panic from the silver?

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Silver tanked, $ caught a temporary bid, Gold falls. It's all related.

Usually basket trading as accounts try to balance their holdings.

Peter

spreaders i reckon. look at palladium, platinum and copper vs. eur/usd

dmt , be careful not to give your gains back...if your going in again reduce position size !

Damn, im not experienced enough to know how to trade after this kind of move. I guess I'll just be happy with my profits and watch. The last thing I want to do is give a big chunk of it back.

EDIT- haha, yeah thanks counter. I hadn't seen your post before I had written this

dmt257 said:

Damn, im not experienced enough to know how to trade this after this kind of move. I guess I'll just be happy with my profits and watch. The last thing I want to do is give a big chunk of it back.

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put buy limits in at just below 42 in the smallest size you can. Disaster stops I suppose around 39.50 ish but plan to be out well before that.

whats happened here is that the CME/Comex have increased the margin requirement on the silver futures contract (at least I guess, there was talk on friday/thursday). So nothing fundamentally has changed to Silver, nor the dollar, nor the overall demand for silver for industrial purposes.

The only thing that has changed here is structural, and a bunch of contracts are having to be sold by people whether they like it or not. If you think that nothing has changed, then you can fade these moves as a volume/liquidity imbalance albeit on a larger scale.

As for why buying below the lows, well the world and his dog will be looking to fade this move. After the consolidation, you can take a reasonable stab that there will be stop sell orders below the lows from those who are slightly too quick to jump on the bandwagon. Let the market take these guys out, move back into balance and return to the " fair" price of around $48. Take some off at $47 and see how the rest feels.


follow my advice at your peril but thats the way Id trade it in a geberal sense anyway.

all imho.

Thanks dash. I actually went long at 43.52, £1 per pip:whistling Its just what I felt comfortable with. Total gamble really, but fun.

Im thinking all kinds, like gapping, slippage etc, I just don't know what is what. But I will watch closely and take into account your advice.

Cheers