Next turn
buy continue at 1340
sl 1338.0
tp1 1353
tp2 1374
tp3 1400
trade in day: 1347
Attached Image (click to enlarge)
- #65
- Jun 18, 2019 9:07am Jun 18, 2019 9:07am
- Joined Dec 2015 | Status: Trader | 1,505 Posts
Short Gold...thanks to Trump's Tweet:https://www.metalsmine.com/news/9255...esident-xi/hit
Sellers are now challenging the buying that occurred at the beginning of the day.
We may get another stab at the highs tomorrow...just to keep things interesting
Sellers are now challenging the buying that occurred at the beginning of the day.
We may get another stab at the highs tomorrow...just to keep things interesting
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- #66
- Jun 18, 2019 6:00pm Jun 18, 2019 6:00pm
- Joined Sep 2017 | Status: Still a total mystery | 3,569 Posts
Short Gold...thanks to Trump's Tweet:
Watching Trump's tweets, even making program to recognise certain context based on his keywords and execute trades..
And his tweets do move the market (fast). He even "leaked" some major economic indicators in the past and people traded heavily/profited on that. He couldn't hold the good news for himself, so he shared the insides. I think it would be profitable to TRUMPtrade, it is a massive "inside" info
Have to be careful of him intentionally misguiding/manipulate of course...
Can you afford to take that chance?
- #72
- Jun 20, 2019 6:19am Jun 20, 2019 6:19am
- Joined May 2019 | Status: Trader | 1,178 Posts
Think Gold is now headed towards its Aug 2013 highs near 1435.
- #74
- Jun 20, 2019 9:35am Jun 20, 2019 9:35am
- Joined Dec 2015 | Status: Trader | 1,505 Posts
My original shorts were stopped out over night...however I am again Short at the very top of a 5 year range.
Above shows major selling occurring at this top, and the buying that pushed prices higher is VERY thin. I suspect these were positions (like mine) stopping out but no real "new longs". Also as this mostly occurred overnight during the Asian session, I suspect there are more people interested in selling at the current levels than any one interested in buying. This is because:
Above shows major selling occurring at this top, and the buying that pushed prices higher is VERY thin. I suspect these were positions (like mine) stopping out but no real "new longs". Also as this mostly occurred overnight during the Asian session, I suspect there are more people interested in selling at the current levels than any one interested in buying. This is because:
- Anyone who is holding a long is looking to exit in profit - which makes them sellers
- Anyone flat (and interested in longs) will most likely wait for a break of the 5 year range and/or price to dip.
- New sellers (like me) are banking on price returning to range lows over the next several months.
I was actually very surprised to see price rise last night, but then when I thought about it, and now when I see the order flow it makes perfect sense. We'll see what happens over the next week or so.
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- #75
- Jun 20, 2019 12:07pm Jun 20, 2019 12:07pm
- Joined Sep 2017 | Status: Still a total mystery | 3,569 Posts
This week is completely distorted, although I like the buildup... I think we will now (from SUNDAY 22JUN19 on... for the next 3 months) a good smooth trend through the summer... and I plan to trade accordingly.. Only two outcomes... BLOWN or BLOWN... Same word, different meaning
Can you afford to take that chance?
- #80
- Jun 24, 2019 4:04pm Jun 24, 2019 4:04pm
- Joined May 2019 | Status: iTrade | 1,838 Posts
We must learn who is gold, and who is gold plated
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