One of the few trades from last week. It was a counter trend trade taking advantage of news releases. I am still 100% bullish and do see gold continuing its journey into TSE:2070 next week / for the rest of the month. I just don't see a nice enough set up to start swinging long again as of yet, I will sit on my hands monday and hopefully we can see a valid...
I wanna see price move up abit before or with the news release tonight and enter in some shorts aiming for last weeks low and lower.
Hoping to see some shorting opportunities present themselves tonight on nasdaq and dowjones.
Aslong as we don't brake that high I have a line drawn from first we can look for longs from my poi into it.
Took a loss last night even though I was right on direction I was a bit to early.. looking for redemption tonight with longs from 13110-13070 into 13237-13400.
Final update on gold, absolutely killed it this week. Analyses were on point so were the entries, target 1 of 2035 was hit with ease now approaching final target of 2070. Aslong as we don't hit 2070 this week I will look to enter more positions next week aiming for the 2070 target.
Next week I will look for something short biased to occur around this area of 34100, 34200. I will make a proper analyses next week after this weekly is closed.
Final update for the week, I ended up taking 2 losses last night.. Now staying out of the indicie markets for the rest of the week. Ending the week in overall profit regardless. :)
Update on the last post. We may see price fall from here I am taking a smaller position for a first attempt. I feel PPI news can bring price to the poi later on but just to get involved now in the case it doesn't.
Really hoping to se something like this take play today, this is a super clean 3 box set up starting to depict itself here. It may also be the fall I have been waiting all week for with huge downside potential. Keeping these eyes of mine peeled on it. It may not reach the POI but any candle stick confirmation on the 1h/4h from the current trading price to the...
Picture perfect scale in, I hope youse took advantage of my previous posts. I'm closing in full now at $2026 for a solid gain. Peace.
A opportunity may present itself here today on us30 after another big liquidation to the up side yesterday. Though this isn't the highest probable set up I am still keeping a eye on it as it does have a high RR. Keep you posted.
So as I anticipated we set up for another sell last night, super clean set up but not a lot of pips, caught the daily high after a 1h bearish engulfment displayed its self back in my poi and then closed my position on the daily closure. Waiting for better opportunities to present themselves for attempting to swing to my major targets I've been calling for a while.
So the first position is running nicely and the second limit did not get hit. Now I am placing a new limit as displayed here at HKEX:2007 for a scale in attempt while also trailing my first positions stop loss to $1999.9 to eradicate that risk.
First attempts active, one in one pending, lets see.. Refer to my previous posts.
So like I said, I wasn't to confident that this would be the massive drop I am anticipating (still anticipating one) but still something worth capitalising off and I did. I closed 75% there as I shared here live yesterday at around 8x ROI (4x each position) and then had the remaining get stopped out brake even. Price may even be setting up for another shorting...
Currently waiting for price to show me a trend continuation shift via a brake of the high at TSE:2003 I've marked out here.. Once broken I will drop down to the 15M/5M to look for a entry point to go long off targeting the targets I've been calling the last week or two. POI displayed here is just a example I may not use it, I have to wait for the shift first to...
I have now closed the majority of the trade (75% of initial risk) at 12866 to secure a solid gain, leaving the rest running to final targets of 12520 and lower.