my system spit long signal in oil stocks. loaded medium sized position.
if signal not faulty, then looks like we have war again.
if signal not faulty, then looks like we have war again.
Trading Journal (only my take) 385 replies
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DislikedCentral banks buying again (The central banks of Russia, Azerbaijan and Kazakhstan returned to the gold market once again in July, topping up their stockpiles of the precious metal as prices traded near three-year lows.) + developments in Syria give me the long bias. I may short from resistance zones if I get reversal signals. 1423 looks likely to me. {image}Ignored
Disliked{quote} There is a famous Fibo and a resistance at 1416 and the gold market is in overbought conditions. There is a double top pattern seen at 1407 and a correction looms large before it touches 1423. I would exit longs and have shorts in the market. there is a bearish reversal pattern seen and gold should ideally correct itself towards 1386 which will be supported at 1375 and this is where we buy again for one more upswing towards 1422. Interesting to note that European investors are taking the syrian political situation seriously. We have to see...Ignored
Disliked{quote} There is a famous Fibo and a resistance at 1416 and the gold market is in overbought conditions. There is a double top pattern seen at 1407 and a correction looms large before it touches 1423. I would exit longs and have shorts in the market. there is a bearish reversal pattern seen and gold should ideally correct itself towards 1386 which will be supported at 1375 and this is where we buy again for one more upswing towards 1422. Interesting to note that European investors are taking the syrian political situation seriously. We have to see...Ignored
DislikedYep I closed my longs from 1400 @ 1420 and shorted @ 1417 looking to take off @ 1392 then wait for a clearer picture. Strong uptrend resuming. {image}Ignored
Disliked{quote} For me 1415 - 1412 is a decider whether to stay in or get out of longs.Ignored
Disliked{quote} I am in 2 longs (one at 1416, the other at 1419). Think we will see another shot at 1430 by tomorrow morning (EST), especially if U.S. GDP and/or unemployment claims disappoint. With war in the air, and new home sales numbers below expectations, could see it stretch to 1,450Ignored
Disliked1415.06 has had it's 3rd test today and it's been holding... Still confident in the bulls. {image}Ignored