forker
Short

GC - Gold - Take 2: Now it looks very, very obvious to me

COMEX:GC1!   Gold Futures
Here is the second hidden hint i was able to reveale from the same chart, that gave me the heads up for a high probability short.

P!


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Maybe it stops at the gray line too...I'd try a long from 1155 zone.
Keep short as insurance? puts?
Reply
forker IvanLabrie
depends on your position Ivan.
i would buy puts not "naked" so to say. time decai from options is very strong, you loose money every day.
maybe a wide butterfly spread could help, or a risk/reversal...

...but in general my rule is: If i'm not comfortable with my trade anymore, i close it. Even better for you if you have profits.

Decisions such these should be made prior to initiating a trade (Plan The Trade And Trade The Plan). §8-)
+1 Reply
You're the specialist, I'll take notes.
:)
Cheers!
Reply
forker IvanLabrie
....2morrow i will see your homework Ivan LOL! §8-)

T'care!
+1 Reply
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