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

Gold FuturesCOMEX

Description

⋅ Mar 23, 2016 1:33 PM

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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Comments

IvanLabrie

⋅ Mar 23, 2016 1:47 PM

Maybe it stops at the gray line too...I'd try a long from 1155 zone.
Keep short as insurance? puts?

Tr8dingN3rd

⋅ Mar 23, 2016 2:00 PM

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-)

IvanLabrie

⋅ Mar 23, 2016 2:18 PM

You're the specialist, I'll take notes.
:)
Cheers!

Tr8dingN3rd

⋅ Mar 23, 2016 2:20 PM

....2morrow i will see your homework Ivan LOL! §8-)

T'care!