SPDR Gold -GLD -Daily -Chris Moody's Gann Swing Signalled...

522 18
Is anyone going to take this trade???
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Interesting indicator, what is it based on? I am long nugt now, I think Gold will keep going up into January.
Tim, are you taking this trade?
...would you take this trade? :)
timwest spiroka
I am not - I have exposure with SLV already to my max position.
I did jump on the Corn trade though, but before the system suggested it - so I looked at it as a confirmatory. For me, I don't want to just jump in and start taking trades out of the blue. The system looks robust but I want to watch a few signals too and see how they "feel" to me. I make my decisions with my own methods, so I will follow this awhile and post the trades that set-up because I like how they look. I'm still in Corn, for what it is worth, and it's been hard to stay with the trade, only because it is a different methodology. Do you follow all of that?
2use timwest
Hm, didnt SLV dive from 20 to 16? Did you manage the position in a way - cut some profits? Because i recall you noted being in SLV up to max when it was 18 i think
2use 2use
Sorry, need to add - i did sell SLV eventually when i lost confidence in it and it did go lower. We trade differently but i would like to know if you are same long term bullish on it. Also, i guess you seen it coming, but why not sell or cut some? (in case you did not)
Hello 2use, yes, SLV did dive. It's my "insurance policy" that I hedge with shorts in IWM, SPY and other indices: IYT even. So, I made great money shorting the indices, and that covered more than my losses in SLV.
I might need to add a little, actually, of SLV. 10% perhaps.
2use timwest
Add a dash of gold as well :)
spiroka timwest
Actually, I don't follow it all.. I follow some. In fact I follow almost all the charts and comments you post so I'm still studying your moves. I also want to say thank you very much for taking the time to do this - it is very much appreciated!!
+1 Reply
I will wait for 1, 2 more days.
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