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romans holiday

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Everything posted by romans holiday

  1. romans holiday

    GOLD

    Or just some profit taking by the hedgies triggering some stop losses.
  2. romans holiday

    GOLD

    Gold down hard through 1700 even after the big meeting. Will be interesting to see whether support at 1670 holds.
  3. romans holiday

    where to ride out the storm?

    Ha! Yep, I met many professors like that... metaphysically mad the lot of them! Like they'd leapt straight out of a Jonathon Swift novel. They might have cast-iron stomachs and mechanical minds themselves, but those puritanical pedagogues bear the prime responsibility for the pandemic of neurosis we see today. The pancea for the neurotic therefore has to lie in an enlightened scepticism, and the replacement of a dehumanized science with a humanized art. There-in lies a healthy Eudaimonia. Sadly most remain obsessed with the 'Truth' ['interrogated' because little more than Ideology] instead of Life.
  4. romans holiday

    where to ride out the storm?

    Neurosis is the heart of the modern condition.
  5. romans holiday

    GOLD

    On the backend of the long consolidation since the spike [a large cup pattern], the 50 week MA looks good support.
  6. romans holiday

    GOLD

    ....
  7. romans holiday

    SILVER

    Looking at both MAs, the consolidation in silver seems to be near completed. Am guessing the 50 week MA will provide support in the interim beofre silver strengthens towards 50 next year.
  8. romans holiday

    Trading Volatility, Ballasted by Gold

    Looking at both MAs, the consolidation in silver seems to be near completed. Am guessing the 50 week MA will provide support in the interim beofre silver strengthens towards 50 next year. Would like to see one more decent dip on market nerves towards the 'fiscal cliff' over the next week or two .
  9. romans holiday

    Trading Volatility, Ballasted by Gold

    http://news.goldseek.../1355036580.php
  10. romans holiday

    Trading Volatility, Ballasted by Gold

    Would like to see one more washout in silver [to 40], but if it continues to track sideways will consider buying back in at the end of this month/ this year.
  11. romans holiday

    Looking for a quote - can anyone help?

    This is progress on trying to find freedom in the political sphere. Yet, the old 'liberation politics' remains to cast a shadow on the idea of freedom insofar as freedom is 'given up'. A clue remains though in the affirmation to 'only accept the best in your thinking'. Freedom, personal freedom, has to be an achievement of thought. Freedom always involves resistance/ critique - on the level of thought - as opposed to 'giving up', ie; collaborating.
  12. romans holiday

    Trading Volatility, Ballasted by Gold

    No probs. I certainly have some misgivings towards long AGQ [i trade AGQ short term for dollars to allay those misgivings... but then having a long position in AGQ bolsters this very trade... think of it as a 'dialectic' of sorts]. Just for the record, the long was bought one year ago then at 40. Even with the continued consolidation in silver, it is showing today, with AGQ at 52, a profit of 25%. And that is in a relatively bad year for silver. Imagine what it will do if/ when silver goes on a rampage next year.
  13. romans holiday

    Trading Volatility, Ballasted by Gold

    Yes, i think we agree it's a good vehicle for volatility in the relatively short term. A long AGQ is more complicated, and has perhaps caused some confusion. The timing of that long was crucial. I was waiting in USD for silver to collapse to 25 odd. I went in very heavily both for a long and for the counter hedging trade of volatility. I'm reasonably confident with the long because it was bought at the bottom of the massive long term consolidating trend [here is my silver/ gold long bias]. Even with an element of time decay involved, I think long AGQ will at least outperform $silver as silver strengthens next year. Of course, your strategy of shorting ZSL would be something to think about in regard to my long AGQ, but is not relevant, as I think you agree, to my 'shorting' AGQ in the short term on volatility.. to this trading thread.
  14. romans holiday

    Trading Volatility, Ballasted by Gold

    Yes, the discipline of this thread/ trade is effectively to 'short' silver, though I prefer to think of it as trading its volatility [i wear my dollar bull hat when on this thread]. Considering the virtues of ZSL would have to be done elsewhere i guess, and would involve a different motivation... along the lines of going long gold/ silver.... or to trade it within a longer time frame for dollars etc. Quite another kettle of fish to what I'm doing here.
  15. romans holiday

    GOLD

    Reckon the long term trend should hold alright... more of the same. Reason being, gold is an alternative currency. i see the term 'counter currency' is being bantered about lately.
  16. romans holiday

    Trading Volatility, Ballasted by Gold

    Ok, to more realistically replicate the trade: I sold AGQ at 60... now 52 IF I bought ZSL [at the same time, October] it was at 40..... it is now only at 42. AGQ trumps ZSL here by near four times. There is more volatility [in this time period] in AGQ, and it is volatility I am targeting. Even the earlier volatility to the upside compares favourably with ZSL; AGQ, 36-60, ZSL, 72-40.
  17. romans holiday

    Trading Volatility, Ballasted by Gold

    As I said, I'm more interested in a 'good enough' trade with minimal stress in real time circumstances. But I may still give ZSL some thought. I'm not sure whether there is ever an objective or 'correct' trade. Seems to me there are many subkective/ psychological factors involved in trading also. This is why one strategy may not suit another... or that there may never be one 'right' way to trade.
  18. romans holiday

    Trading Volatility, Ballasted by Gold

    Well, that's certainly food for thought. Some reasons why i settled on AGQ. Also, keep in mind the AGQ trade is relatively short term... over a period of say 3 months. 1] Good vehicle for volatility. 2] An easy buy and sell, as both bullish on silver and USD [forms strong of liquidity] 3] Simplicity... shorting a double short is taking it to another level of complexity, but still may give it some thought. 4] The trade is LARGE for me so want to keep risks to a minimum [the minimizing of risk also means giving up the aim to maximize gains]. 5] I have an over-all bias to be long silver [selling its volatility essentially involves hedging and diversification]. If trading ZSL i would have to at times buy a double short on silver. This is risky, for silver/ gold could explode at antime to the upside.
  19. romans holiday

    Trading Volatility, Ballasted by Gold

    Perhaps something to consider in regard to long silver. But this thread is concerned with trading silver [for USD] in the relative short term term, and is therefore more suited to AGQ. On this thread, the time decay element works to the trade's advantage. For example: $silver has only dropped from 35 to near 33. AGQ has dropped from 60 [where sold] to near 52!
  20. romans holiday

    GOLD

    Long term trend:
  21. romans holiday

    GOLD

    Down-trend resumed?
  22. romans holiday

    Trading Volatility, Ballasted by Gold

    Yep, no prob. Now that I am posting regularly, the thread shouldn't be too hard to find on the main board.
  23. romans holiday

    Trading Volatility, Ballasted by Gold

    To be frank, I have something of a 'mind-block' towards strikes, puts, calls etc. Perhaps this is because over and above markets, I am also occupied with other pursuits at the moment. Call me a lazy trader, but the strategy I've settled on involves minimal mental/ time expenditure. Different strokes for different folks etc. AGQ suits me because I can simply buy and sell an instrument which is extremely volatile, and it's this volatility I want to trade. That there is a time decay element, where AGQ could deteriorate further than simply silver over a three month period or so, also suits me because when I sell AGQ I want to buy lower... then sell again on a spike. So taking my latest trade for an example; AGQ was sold at 60 when silver was 35.... AGQ is now well down at 53 with silver only having come down to 33.5. So instead of AGQ pulling back 3 points [twice that of silver's 1.5] it has pulled back over twice that. Excellent for my purposes where I currently have a buy order in at 40. With this trade, I am not looking to accumulate units of AGQ but USD. If i miss the trade this time, easy enough to find another point to trade the volatility. Keep in mind, this trade is a hedge, in the sense of currency diversity, from long gold/ silver. The bigger picture, over and above this trade, is long positions in both gold and AGQ [to sell on the big spike I think is coming in a year or two]. That AGQ is a relatively easy buy and sell for me, almost care-free, reflects my macro views where silver and USD are both strong forms of liquidity.... for now. Of course, the proof is in the pudding. I have had one successful trade so far which has near covered the cost of my long AGQ position. Because I trade infrequently, these positions and trades are relatively large involving near all the liquid capital I have at my disposal..
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