GOLD LOOKS LIKE POOP – FOR THE MOMENT

My legionaries went long $GC_F this morning at 1670.70 and what a terrible miscalculation that was. Trading systems can slit your throat around news releases obviously. This happend today with my stop hit within a hour or so at 1650. The charts below show $DGP, which is a gold double long ETN I like to look at. It may bounce here but probably too risky for my taste.

You can also see below the 240min chart of $GC_F that shows the last few trades taken:

I did close out one QQQ spread today at 3.75. Your portfolio is updated here and you can always follow me on twitter @MAXIMUS_iBC for roman greatness.

UPDATE: I am now back long at 1646.40

 

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Previous Posts by Maximus

GOLD LOOKS LIKE POOP – FOR THE MOMENT

My legionaries went long $GC_F this morning at 1670.70 and what a terrible miscalculation that was. Trading systems can slit your throat around news releases obviously. This happend today with my stop hit within a hour or so at 1650. The charts below show $DGP, which is a gold double long ETN I like to look at. It may bounce here but probably too risky for my taste.

You can also see below the 240min chart of $GC_F that shows the last few trades taken:

I did close out one QQQ spread today at 3.75. Your portfolio is updated here and you can always follow me on twitter @MAXIMUS_iBC for roman greatness.

UPDATE: I am now back long at 1646.40

 

Comments are closed.