- #42
- Jun 12, 2019 6:06pm Jun 12, 2019 6:06pm
- Joined May 2019 | Status: iTrade | 1,844 Posts
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return:
54.4%
- #43
- Jun 12, 2019 7:10pm Jun 12, 2019 7:10pm
- Joined Jan 2009 | Status: LFG ROSS | 1,778 Posts
Right now I'm making this thread a lot better after realizing I can edit the first post. 
Yep I'm a genius. I even figured out how to lose that trade. 
{quote} Right now Gold has fallen by nearly $5 since the above post. Great call there!
"right now..."
a bear in a pasture of bulls... what's your reasoning?
i'll have to take your word on that one! 
Right now I am short gold with a take profit target of 1319
Right now I see that Japan sold 30 year bonds at an average yield of 0.32% which is lowest yield since 2016. With sharply falling yields, one cannot help but think it will be good for Gold and Precious metals. Longer term trend remains undisputed, but the short term is very muddy currently.
Keep It Simple With Sentiment (KISWS) - Trade and Profit like the Pros!
- #51
- Edited 10:33am Jun 13, 2019 9:52am | Edited 10:33am
- Joined Dec 2015 | Status: Trader | 1,505 Posts
RIGHT NOW...buying is still supporting the lows of each of the last 4 days (including today). Selling is capping the highs...there appears to be (right now) more buying than selling going on, yet for all this buying price is only "grinding" higher. This tells me that most of the participants are short or day traders. buying the lows and selling the hights. For me, a short entry, is not quite part of the picture, but I am anticipating more and more selling as we get closer to this high. Whether or not this creates lower prices is yet to be seen. I too am "hoping" for higher prices, but I am aware that they may not come on this wave. I am not of the opinion to short however, nor would I be interested in buying at this point...just my opinion...
Time to sit on my hands and watch
Time to sit on my hands and watch
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- #53
- Jun 13, 2019 10:52am Jun 13, 2019 10:52am
- Joined Dec 2015 | Status: Trader | 1,505 Posts
{quote} Bad idea, you can't execute trades with numb hands
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- #58
- Jun 13, 2019 1:38pm Jun 13, 2019 1:38pm
- Joined May 2019 | Status: iTrade | 1,844 Posts
Right now, I'm taking a break from gold. Over the past 24 hours, I either had a great handle on gold and the market in general or was completely wrong. Don't get me started on the positive USD/Gold correlation after a torpedo hit an oil tanker. I'm not sure I've had many trading days like this one.
Every time I made a bad trade, or series of bad trades, I was aggressive and lucky enough to make back the losses. Here's my equity curve from the past 24 hours. No better way to describe it than a roller coaster ride. 
It's from my live account. Explorer: https://www.metalsmine.com/eventstrader#acct.90
I'm not sure I've had many trading days like this one.Every time I made a bad trade, or series of bad trades, I was aggressive and lucky enough to make back the losses. Here's my equity curve from the past 24 hours. No better way to describe it than a roller coaster ride.
It's from my live account. Explorer: https://www.metalsmine.com/eventstrader#acct.90
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return:
54.4%
- #59
- Jun 13, 2019 1:39pm Jun 13, 2019 1:39pm
- Joined Dec 2015 | Status: Trader | 1,505 Posts
Hey all you Gold Bulls...
Right now...it appears all the shorts are stopping out...driving prices higher. Coming to the end of the day/session and buying seems to be lifting prices. Are there more shorts waiting to stop out near 1350? Perhaps I should raise my limit (TP)?
Right now...it appears all the shorts are stopping out...driving prices higher. Coming to the end of the day/session and buying seems to be lifting prices. Are there more shorts waiting to stop out near 1350? Perhaps I should raise my limit (TP)?
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- #60
- Jun 13, 2019 1:41pm Jun 13, 2019 1:41pm
- Joined Dec 2015 | Status: Trader | 1,505 Posts
Right now, I'm taking a break from gold. Over the past 24 hours, I either had a great handle on gold and the market in general or was completely wrong. Don't get me started on the positive USD/Gold correlation after a torpedo hit an oil tanker.
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