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- Orientxpress replied Jan 23, 2014
Took a 1% drawdown today... what a reversal. Stopped out above 1245 from prior day shorts. I now have this reversal pattern down to heart... hopefully won't make same mistake again. As soon as it failed to hold below 1235... it was a warning sign... ...
- Orientxpress replied Jan 22, 2014
Embrace for the possibility of 1220. looks to be heading in that direction.
- Orientxpress replied Jan 21, 2014
I'm seeing decreased buying momentum from each swing high. Can't guarantee this is turning point, but it's starting to stall.
- Orientxpress replied Jan 17, 2014
Gold closed on highs I'm fully hedged, will revert to net short somewhere between 1260-1280 depending on PA & chart. Or If it rejects 1255, shows PA / pattern confirmation, trades below 1249 with real momentum, I will also net Short. Just my plan ...
- Orientxpress replied Jan 17, 2014
Absolutely agree on the fact that it's not practical to post everything. My long term out look is still bearish, and have shorts on, but also trading intraday when there's opportunity. My point is to not get too focused on 1 direction, as there are ...
- Orientxpress replied Jan 17, 2014
Maybe smart to keep a long term short (size matters) and play intraday for p/l, at least that what I'm doing as sometimes you get great intraday trading opportunities.
- Orientxpress replied Jan 12, 2014
I bought 1 GC @ 1240 Friday after numbers... sold 2 YG at 1247 to take off risk before weekend... seems right now it's still holding up.... AUD getting a lift above .90 So basically long 1 YG at this point... going to watch closely for this 1250 ...
- Orientxpress replied Jan 10, 2014
1220 is the level to watch for... once that area started to hold... 2 things came in my mind... how far will 1230 sellers push and how far will 1220 buyers will defend. Yesterday I noticed unusual buying around this area... thus a hunch... and once ...
- Orientxpress replied Jan 10, 2014
Watched the market closely yesterday... and and the tape felt strange. I was more concerned after it had held 1220 and bids started to actually hold 22s now... Just a hunch like I said... and pattern eventually played itself out after breaking above ...
- Orientxpress replied Jan 10, 2014
There's the squeeze. Let' see if there's enough force to push it to 1250 or not.
- Orientxpress replied Jan 9, 2014
Have a feeling a squeeze is coming... A hunch... a push to 1260s.... Something doesn't feel right...
- Orientxpress replied Jan 8, 2014
There's the 20dma & 10d vwap support here.... clearly a pivot area. So far there hasn't been any real indication of reversal. Gold clearly rejected 1240 & rejected 1230. Macro trend still bearish with a tiny hope of short term reversal if this area ...
- Orientxpress replied Jan 7, 2014
I love your short area, but may I ask why SL @ 1265? Wouldn't it make more sense to put it above 1250 to be conservative or above 1275 if more aggressive? I see 1265 as a good r/r short. Any thoughts?
- Posts by Member Search: 'Orientxpress'