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

[artful_dodger]

Kicking myself for not shorting Societe Generale....down almost 9% as they are a big derivatives firm.

Not much action so far in geld...just oscillating between 783 and 776. Dangerous to commit at the midpoint!

 

[ejtrader]

I have always had a fondness for gold but its price action is too choppy for my liking. gonna wait for it to break in a obvious direction before committing to a position. Btw, anyone else riding the crude bear? Its trending alot better than gold for the past week.

 

[TrentT]

I missed the first chance - then the second! - but I've gone
for 2 shorts at 781.5

Out of both - About $2 profit on each - should I have let them run?
I think so - we'll see..

 

[55mph]

gold should be weaker. oil took a dump and the euro is lower.

 

[artful_dodger]

Doesnt matter...profit is what counts!!! You held on for longer than me. The market seems very tense....could be a dump coming.

 

[b_p4tel]

Out of both - About $2 profit on each - should I have let them run?
I think so - we'll see..

i managed to get in at 782.5...the 2nd time round...nd its fallen nicely now 777.6... $4 profit....but im stil holding...im tinking its got a bit more to go....

 

[Wideboy]

Morning all, changing tack a bit this week and going for my one weekly trade today
I shorted last night at 765, which according to my chart is the 38% fib of the last wave down from 819 to 736. Stop is just beyond the 61% level of 788.
I see price has gapped up but only as far as 786 and has now started to drop back off as I would expect.
Still confident that we are in a corrective wave 4, about to begin impulse wave 5 back down with a target of around 700.
If 787 is broken to the upside then this wave count in incorrect and we need to re-evaluate.

So in brief, short from here, targets 736 then 704 by Friday, stop just beyond 789 to be safe.

 

[55mph]

that was test. shaking the tree.

 

[55mph]

i'm short here 780

 

[TrentT]

Doesnt matter...profit is what counts!!! You held on for longer than me. The market seems very tense....could be a dump coming.

Maybe, maybe not. I learned a lesson on Friday - there was a big dump in the offing,
and I held on - $15 profit (several trades running)- expecting $30! and the rest .. it reversed and I lost $15 - biggest loss so far.

So now I take profits a little earlier while they are there.

 

[artful_dodger]

Exactly...now I book profits when they match my price per point...that is when I have the least confidence though...when markets are choppy. Bitten too many times!

Maybe, maybe not. I learned a lesson on Friday - there was a big dump in the offing,
and I held on - $15 profit (several trades running)- expecting $30! and the rest .. it reversed and I lost $15 - biggest loss so far.

So now I take profits a little earlier while they are there.

 

[TrentT]

i managed to get in at 782.5...the 2nd time round...nd its fallen nicely now 777.6... $4 profit....but im stil holding...im tinking its got a bit more to go....

Good entry .. scary now isn't it? I think it's going down ..

 

[sujithsstorock]

Market is playing . Let newyork decide the action.London is trying to bring in more people.Something big coming.Always keep stops tight.Sorry for not being here.

 

[55mph]

somebody just got their stop hit at 781

 

[Wideboy]

Market is playing . Let newyork decide the action.London is trying to bring in more people.Something big coming.Always keep stops tight.Sorry for not being here.

Absolutely right 700 here we come...

 

[55mph]

Absolutely right 700 here we come...

it's a good time for the PPT to defend the dollar. there's a lot of financial turmoil in the air. unfortunately the gold bugs are not in control.

 

[55mph]

now it gets ugly 766.20

 

[b_p4tel]

Maybe, maybe not. I learned a lesson on Friday - there was a big dump in the offing,
and I held on - $15 profit (several trades running)- expecting $30! and the rest .. it reversed and I lost $15 - biggest loss so far.

So now I take profits a little earlier while they are there.

did you leave it over the wkend? sometimes is best to close trades for the weekend as last week we saw a big gap in the opening and the same thing happened this weekend. On friday i placed a buy order at 748...nd sold it off early b4 the close

 

[sujithsstorock]

Absolutely right 700 here we come...

ask crude to break 97 $ i will join u

 

[55mph]

ask crude to break 97 $ i will join u

that's written in the stars. 'demand destruction'