In my view the method you are planning to use is average price down, which is more a system for investing.
If you use this system, the position size should be calculated properly,at which price to enter,
how many times you plan to average down if price keep falling..
In my opinion the opening lot size should be 'small' in relative to your account,
this is to prevent a big drawdown if thing doesn't go your way.
With dollar selling being given a break for now;I think Silver has another pullback leg remaining. Price action also looks bearish for both gold/silver.It is about to break the trendline.In next few weeks we will know.
Any idea what JPmorgan and other silver manipulators are up to these days?
During end of this April before the big fall of silver price, I heard that within 5 days US government raised 8 times the margin level to trade silver.
This is one of the reason causing silver price 'crash'.
Now US is changing regulations again, after 15th July US residents are prohibited to trade spot gold & silver.
Will this have an effect on gold & silver price..?
This shows that US badly wants to keep prices of gold and silver down to keep USD as an asset to store value.
Generally, it gives contra signal to market and people act opposite!!Like they banned trading Plywood and GBP in history. It just happened the other way they wanted.
