Gold calls.Long term -medium term and intraday calls in gold is here !.

[Wideboy]

Long @ 813, potential target 830, stop 805

 

[Sprawl123]

wideboy i'm long too...
why do you have a stop at 805? is that cos thats where it broke-out from ystdy?
i have stop 800 at the mom

 

[Wideboy]

Well 808 is the support level, but I like to give a couple of $ wiggle room

 

[Sprawl123]

ok thanks
we're 809 now.... may buy some more with tight stop

 

[Wideboy]

Decision point here. If 808 breaks we could be looking at sub 796 ish

 

[Wideboy]

Moved stop from 805 to 799...

 

[pikemaster]

Chasing..chasing...

 

[Wideboy]

Chasing..chasing...

Just a little more volatile than I expected.
Original stop not hit, and price seems to have calmed down .
Now just need to wait and see...

 

[Sprawl123]

eur is now at yesterdays open, gold still up $10

maybe a good idea to build a posn:
buy gold on dips
sell eur on rallies

 

[Wideboy]

Not happy here at all. If 808 holds as res now then we are going down.

 

[sujithsstorock]

at the moment 810-807 $ can come, if 815.5 $ not covered above.

810 was met. I guess it did 807 $ too.

 

[sujithsstorock]

Not happy here at all. If 808 holds as res now then we are going down.

hold your long you jumped in a little quick. You should be getting your target today.Stoploss 797.5 $

 

[Wideboy]

hold your long you jumped in a little quick. You should be getting your target today.Stoploss 797.5 $

I get a little excited and tend to enter too early incase I miss the boat.
If I look at the chart now exactly what I expected to happen has happened.
Like I said earlier I was seeing fall to 808 and then buy there - thats what I SHOULD have done.

Oh well I will learn, patience patience and more patience!!!

Still long from 813...funnily enough my original stop just held even though I widened it as it was getting closer

 

[sujithsstorock]

Buy gold around 807 $ with stoploss at 804 $ target 810-812-814.8-816-819-823-829 $

 

[Wideboy]

Stop moved back upto 805

 

[sujithsstorock]

Buy gold around 807 $ with stoploss at 804 $ target 810-812-814.8-816-819-823-829 $

first target met.
3 $ profit


Ps:due to slow posting speed,post occurs a few seconds late,.

 

[sujithsstorock]

Second target also met. Profit 5 $

 

[Wideboy]

first target met.
3 $ profit


Ps:due to slow posting speed,post occurs a few seconds late,.

Nice trade welldone

 

[pikemaster]

If you are splitting your stake , you can't have a cumulative profit. ie you buy at 800 with target of 805,810,815. If it hits all 3 you seem to be calling 30 pts profit, and only 5 points loss if it hits stop..Thats not right..

 

[sujithsstorock]

If you are splitting your stake , you can't have a cumulative profit. ie you buy at 800 with target of 805,810,815. If it hits all 3 you seem to be calling 30 pts profit, and only 5 points loss if it hits stop..Thats not right..

can you please highlight anyone such claim made by me?

If final target of 815 $ met, i take it as 15 $ profit only (not 30 $ as you said).