Hit 74.66 which was a POC back in 2014. Expected a reaction here and it went and touched it. If it blows through this, it will keep going. Tight SL set. the last 9 of 10 trading sessions have been green. Still has a ton of volume repair to do in the 71, 67, and 63 ranges. Starting to build short position tonight on the 74.66 snag. Tight SL. GL to all
Caught the long to the upside (see in profile), very easy long with almost zero risk. This next trade we will short back down to mid 60's. Added 2 contracts short @63.79 - will add 1 short at $64 if needed. Will add 2 more shorts at in the mid 64's. This is a swing trade. Overall PT is $60.40 to finish the repairs and gaps. SL at 65.20 Keep it simple and stay safe.
Easy technical. Long here to mid 63's. Almost risk free
Crude oil repair to the downside this week before long. Repairs needed in the 46.60 range as usual. Looking to rebound in the 48's. If we break through 46.40 we will see 44's that need repair. Very nice risk reward on this.
As I called last week perfectly. We are at another decision point. I'm an agnostic trader so I don't care where gold goes in the long run. I trade what I see. If Gold breaks 1190 I will enter long position from 1191 to 1200 with a SL at 1187 If we don't and we break below 1180 - we will retest to 1160. I will enter short at 1178 with a SL of 1182. Good Luck
Gold broke the channel and retraced. Looking for a downward move back next week
Entered Short at 983... SL 986 PT 950