Going long with Grandma's pension!

229 1
Trend is heavy bearish on all time frames. All indicators are on sell as well. Yet I started a (feeler) starter position long in GLD             around $114.80 ish             . Stop at 113.92. Targets will be based on the price action around all key fib levels and gann levels as drawn. I'll add only on strength from here on. I average up only not down.
This trade should work by max next week or it will be most likely a wrong thesis. Remember the Bank of Japan meeting is due tonight. This is a highly volatility event and may lead to reversal in prices.
Even though this trade is highly speculative, I believe as a day trader I can adjust/hedge/stop out my position accordingly.

**PS: I am obviously joking about using my grandmother's pension.
I agree on going bullish because of some divergences on RSI and a bullish swing failure but with all the lines and indicators this is one ugly chart.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out