Metal Cruisers are running out of time. Gold has to get above 1234. for situation to stabilize. I may enjoy this Friday, time and close price will tell more.
" 1193 in hoc signo vinces " When you come home.. I'll solve this.
This is not a "metal cruisers " drop. They did not lift a finger, if this price satisfies them they may not dump tomorrow. Close price will tell.
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I closed my sells just before Close, because I see a chance to Go in again at 1220 ish with SL 1224. Be extra careful with long tomorrow. Metal Cruisers will not be interested to dump contracts only if gold overcomes 1234, below 1234 is risk zone as they run out of time and Arbitrage between two significant players are too wide, so that needs to be stabilized. And remember if we tag 1193 - 1180 area, this is place where I look for long options and route to 1383 as Company A is buying Gold contracts later this month.
Current situation!
1193 is still not an obligated target but we may get a spike to tag it. Time will show.
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Orders Set. Sell Limit @ 1220 with SL 1225. Sell Stop at 1208. Let's see what market gives us today.
I could not update as I took a sell once I notice the price won't reach 1221 right away, and was blocked by Sell level right away. postimg.org/image/y4but983x/
But I think price should reach 1221, if it does not then well.. next opp if we break 1210.
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" Metal Cruisers are running out of time. " wohh.. I didn't expect they are in such rush. If 1193 is the price that satisfy them than that is bottom, because once Arbitrage stabilizes, the Company A is ready to buy gold contracts to open the route to my 1383 target.
All sells closed manually 1 in profit from 1216, the second one at 1208 closed at BE. I do not want to keep open positions during weekend. As per my calculations on template this is not the bottom yet and now chance to see 1193 has doubled. I will do dynamic calculation after close as I cannot do it now while market is open.
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Those who are holding horible longs and hedging.. overall you have to be happy.. happy about the thing that gold is approaching bottom, and next move ( will take time ) but will not only give you chance to close them at BE but even at Profit. Yay!
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I did approx calculations and one frequency level is still above Close price. There is one main level for every day.. once the level is BELOW the close price it will be confirmed bottom.. seems that for Monday that level will still be above the close price. Generally I would love to see a spike to 1193 - 1186 and bottom there.
what price level are you watching at close to tell if there is further downside tomorrow? sorry, it is not entirely clear to me. many thanks
TheZabisyu
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@MartinX, Hard to tell man as 1 number change makes the difference. Let's wait for 1 hour and will be clear.
MartinX
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@TPparadigma, ok, understood, I thought you had a particular number on your radar already
TheZabisyu
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@MartinX, I had it but price fall down more than I expected today so now I wait for new number.
MartinX
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@TPparadigma, thanks, looking forward to your updates!!! it is always interesting to watch and read, even though I admit I do not understand all the details :-)))
DaniSh
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@TPparadigma hi, i have been following you from a month now, and im quite happy with the trade calls you give and have been , im very curious to know what system you use to understand and predict the market. i know you have said something about dynamic calculations. could you just give me a brief about it.
thankyou in advance.
Barnijs
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Hi tpp. I am very interested in all what you do and know. I started doing all of trading few months ago, and thanks to you I started understanding what it was and how the market moves. So keep it up and don't listen to those trolls. Sveicieni no Latvijas.