Adding again to my gold position at 1630...I am hoping that this will do down to 1530... this time i am talking a BIG position to cover the losses, also i have more conviction now.. My account cannot stand a pull back up above 1647 though (^_^)...

The WoRmHoLe

Oh that hurts.. i reduced my size after that pop on the NFP news... Still holding my initial shorts with stops above 1672...

The WoRmHoLe

Shorting.... — I am short Gold from 1644.. I am adding to my shorts here 1634 level.. Looks like its getting ready to test 1530 levels in next few days....

The WoRmHoLe

oooh please don't get me wrong.. i do not need your spoon feeding please... Thank you for your analysis.. good luck with trading..

The WoRmHoLe

I have been trading gold for some time now. I feel like its just like the currency pairs.. The volatility is big (bcoz of high price) but as you know it can act both ways. I have made good money in gold but i have lost big too. Now i do not play big ...

The WoRmHoLe

Stopped out of this trade... I think i had too tight of a stop.. I am shorting again. Entry 1.6488 and stop 1.6545.. Same reason for this trade..

The WoRmHoLe

Cable Short? — I am shorting Cable. Entry price 1.6479. Stop @ 1.6515... Take profit open now... Looking at the price action I still see some downward pressure. This has gone up past 5 days so needs to take a breath for couple days imo. Time ...

The WoRmHoLe

I closed my shorts here for 45 pip profit...

The WoRmHoLe

I am still short.. Did not take profit like Rapid did when it was in profit...

The WoRmHoLe

Whats going on with EU and GU.. Why are they moving up so fast??? Any news? I missed all the fun..

The WoRmHoLe

Thank you for the comment. It was showing signs of weakness but no any more I guess.. I am going to cut it loose... I am looking for a good price to close this so my losses will be minimized... Thank you again for the comment.

The WoRmHoLe

Azim: I forgot that you were holding physical gold. Anyways Good job man... Now regarding this trade. I am adding more to my position at the same entry price. Keeping a stop at 1791..Going to bed now.. See you guys tomorrow.

The WoRmHoLe

Read about the 100K he made in Gold. Azim is really good. I wish I have the balls to keep positions open for that long. Anyway I am taking a small short position in Gold...1779 is my entry.. stops above today's high.. target is around 1700... The ...

The WoRmHoLe

Good trade man... I agree with you on trading ranges... Do you trade Gold? What you think about Gold?

The WoRmHoLe

Alright. I am exiting the trade 1.6335 for decent profit... Looks like market is dead.. Summer time, low volume i guess..

The WoRmHoLe

Looks like both EU and GU has moved up enough and looking for a retrace.. I looking at a 30 min plain graph and came to this judgement from price action.. I am shorting GU 1 lot entry price is 1.6398.. Stop at 1.6420

The WoRmHoLe

Thank you bro. Hope I get lucky like this everyday

The WoRmHoLe

Ok.. Closing my position here at 1.6330 good 80 pips..

The WoRmHoLe

My chart is a plain 30 min chart. I stare at the chart for hours and get a feel for price action before I take a trade.. I felt like GU was getting ready to move down and luckily for me its working so far... I moved my stops to BE now..

The WoRmHoLe

Ok.. First trade of this week. I am shorting GU entry @ 1.6413 stop 1.6480.. Open target for profit.. I am taking this trade based on PA.. Looks like GU wants to go lower from here..

The WoRmHoLe