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DislikedXAU right now I have my nets out, waiting for the fish 0.3L S@1495 0.4L S@1500 0.5L S@1505 Hope the nets do NOT break when I sleep till 8am CET {image}Ignored
Disliked{quote} Well and to be fare: my three sales were knocked out completely: >10% lossIgnored
Disliked{quote} It's still early my friend! I'm also down so far this week for this contest. -13.4%! So I'm right there with you. I'm planning on bringing this return into the black tonight though! Good Luck Harry and to everybody else in it this week!Ignored
Dislikedsee also my modest thread: https://www.metalsmine.com/showthread.php?t=921441 I placed some fishing nets today in the wild stream for the correction: 0.5l B@1525 and 1l@1520. Wait & see in silent meditative state Not too safe as there is a double top forming on the 4h chart ! {image}Ignored
Disliked{quote} The way I see it, we are on the same team! {quote} I will check it out after this post. {quote} It's always tough to call a correction, especially when gold been rallying. Check out this post I made earlier showing how Gold has rallied since FOMC (image below). I tend to agree that we are due for a correction, but there's so much global uncertainty/instability supporting gold prices that I'd be hesitant to take a short entry for now. {image} One...Ignored
Dislikedand right now XAU is challenging again the 1500 support for the third time in 24hrs.... Will it hold or break? I have a 0.4L B@1500. A gamble?Ignored
Disliked{quote} I'd agree it's a gamble to short gold prior to a breach of the 1500 level. But remember that level is more important in the CME's CL front month contract, which is the underlying price of the CFDs. If it broke $1500, it would have to be a clear break. Then, it's not a gamble at all. It's smart! I'm thinking gold rises on the last trading day of the week. I'm looking for long entries.Ignored
DislikedAfter a rough week last week, I'm getting my rhythm back and look forward to getting in on this competition next week. Always fun!Ignored
Disliked{quote} Last week yeah. It wasn't market related but it kept me from the markets, and everything else. I had an injury that required some care but it's all good now. Just trying to figure out when gold is going to make its move higher!Ignored