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Derecho replied Jun 7, 2018Gold ScoreChart is keeping like this for almost a week. image Quite sure it will break the box soon. I am keeping a long bias (since the chart does not give any indication) because of the weak dollar and G7 meeting coming this weekend. Dollar may ...
Swing Trading on Gold and FX
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Derecho replied Jun 7, 2018Almost done for today. 1) Will keep the EUR/USD for a longer term. As the trend may have flipped. image 2) Will keep the Gold for a little bit longer as long as it is in the profit. image
Swing Trading on Gold and FX
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Derecho replied Jun 7, 20186/7/2018 Session5: Enter Aug Gold long at 1301.4, will not accumulate position because of volatility. I believe it will work with time frame symmetry. image
Swing Trading on Gold and FX
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Derecho replied Jun 7, 2018What happened to Dow today. SP500 and NSDAQ100 are down but those 30 components stocks are quite strong. image
Swing Trading on Gold and FX
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Derecho replied Jun 7, 20186/7/2018 Session3 recap: Exited Gold at 1306.9, too volatile and still without direction. image
Swing Trading on Gold and FX
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Derecho replied Jun 7, 20186/7/2018 Session3: Long Aug Gold at 1302.5. Market sentiment favors a weak Dollar, so Gold may be lifted after two weeks' bottom building. image
Swing Trading on Gold and FX
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Derecho replied Jun 7, 20186/7/2018 Session3 Plan: 1) Long EUR/USD or GBP/USD, as long as they still have good correlation. 2) Long Gold. 3) Short Crude Oil. image
Swing Trading on Gold and FX
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Derecho replied Jun 7, 20186/7/2018 Session2 recap: finally exited the YM short. that was a stupid trade. feel relieved after stop loss, it was a headache which had not happened for a very long time. i firstly canceled stop order and then refused to take the early loss even ...
Swing Trading on Gold and FX
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Derecho replied Jun 6, 2018done for today, no trades, breaking the rule costed me a lot! image
Swing Trading on Gold and FX
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Derecho replied Jun 6, 2018Missed Gold long because of the YM holding. And missed Session4. The cost of breaking a single rule is not only limited to a far bigger loss, but also the potential opportunities to trade subsequently. This mistake should be marked down to make sure ...
Swing Trading on Gold and FX
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Derecho replied Jun 6, 2018These two positions will take me nowhere. image 1) Will focus on Gold and Sterling in this session, the move has not started at the moment. I tend to keep a long bias. 2) And of course will try to get YM out.
Swing Trading on Gold and FX
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Derecho replied Jun 6, 20186/6/2018 Session3 Plan: Get out of YM, which broke the following trading rule: Exit Rule: 1) First of first, stop loss automatically as of the pre trade risk measure. I suspended the algo, and canceled the stop order to let the loss go.
Swing Trading on Gold and FX
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Derecho replied Jun 5, 20186/5/2018 Session5 recap: done for today, totally wrong on Gold. image
Swing Trading on Gold and FX
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Derecho replied Jun 5, 2018this situation is really testing my trading rules. follow the rules, and stay patient can always avoid some potential losses.
Swing Trading on Gold and FX
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Derecho replied Jun 5, 20186/5/2018 Session5: Shrinking daily volume, a tough and bumpy day. Short Dow at 24740 level, hedge at 24720 level. image
Swing Trading on Gold and FX
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Derecho replied Jun 5, 2018No trades during session4. Fail to protect EUR/USD. 6/5/2018 Session5 Plan: 1) Long EUR/USD if trend reversed. For tomorrow. image 2) Short YM or Short CL. image image OR do nothing.
Swing Trading on Gold and FX
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Derecho replied Jun 5, 20186/5/2018 Session4 Plan: 1) Gold is too bumpy now, will wait and see. 2) EUR/USD holding today is risky. 3) Opportunity to short Crude in session3 had gone, JPY/USD is no good today.
Swing Trading on Gold and FX
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Derecho replied Jun 5, 2018ugly chart usually seen only in the holiday hour. cannot trade, hope this sort of move will finish soon. image
Swing Trading on Gold and FX
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Derecho replied Jun 5, 20186/5/2018 Session3 recap: Stopped out as of risk measure. Note that the daily low and high are both made by massive flash order flow in less than 5 millisecond, so a good algorithm to stop loss is very important and necessary. For now the general ...
Swing Trading on Gold and FX
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Derecho replied Jun 5, 20186/5/2018 Session3: Short Gold at 1294.5 (Aug futures so it has premium on spot). It may be a little bit too early to short. image
Swing Trading on Gold and FX