Missing the Silver Target
What do you do when your trade misses the target by 2 pips (or 2 cents), which would have made you $3,500. My silver short targeted 75.40, market hit 75.38 but broker did not fill. As a result, the trade turned into a $6,700 loss. Did I let my anger (of not being filled) and fear (of deteriorating losse) push me to close the trade at a loss? Or, did I stick to the original trade out of conviction that the market will agree with me? Some say if I placed a stop, none of this matters. I took option 2. Watch here.
Read More...
If you are worried about any negative reaction to indices and gold from the lack of progress in US-Iran negitiations and would like to hedge. One way I'm doing it is via the following: Short US100/Nasdaq, Short Gold and Short USDJPY. If negotiations fail, the rise in USDJPY will be offset by the decline in indices and a pullback in gold. But these pullbacks are likely to be brief. If on the other hand, Trump announces an extension in the deadline i.e. a positive development, then the rise in gold and indices will hurt your positioning, but USDPY will help your portfolio. This scenario's profitability, will obviously depend on the extend and SIZE SIZE SIZE of your trades in gold and indices. More precise levels positioning is shared with members of the WhatsApp Bdcst Group. Good luck and watch your SIZE !
Read More...Leonardo Fibonacci was born and died in Pisa, Italy but where did he refine his Maths abilities? Here is a 90 second video from that very land and a little something about fibonacci confluence in gold. Watch here.
Read More...
