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OMG?!!!!!!! I got in what I thought was the lows late late yesterday after the Fed announcment. This is Dec contract. Got it around 1422.60. It was harrowing when it went as low as 1412!! I told myself I couldn't believe this is happening again. I just got fck in Aug contract because I bought...

Volcker Rule is U.S. based. But prop trading is basically dead at banks. Hedge funds are the ones that take the big directional bets nowadays. Trading desks all over the world are run by machines, quants, and engineers. Of course, there are also salespeople as the OP mentioned. Salespeople bring...

Most bank traders are market makers. Very few take directional risk. Except for prop trading desks at i-banks. But those were all shut down when the Volcker rule came into action. There are no more prop trading desks at banks. All traders at banks are now market makers. In fact, it's mostly...

I got out at a loss. Of course if I had waited a few more days it would have hit my original profit target! I hate GC! But I'm glad I got out. I can't take the rollercoaster ride up and down. It would go as lows at 1411s then back up to 1420s. But each rally up was smaller and smaller. So I got...

I can't take it anymore. I got out of my GC Aug 19. Took the loss. I don't want to see it goes below a certain level. It has yo yo back and forth. I could have gotten out at higher levels but it's all water under the bridge.

Wow! You might be right. It's a totally news and macro driven market. These violent moves are so frustrating if you are holding. If you are trading in and out then it's great. Unfortunately, I'm stuck. I feel like I should get out before it gets worse.

Hi ETers, I'm calling all you slick chart readers. I like your take on GC futures(Aug 2019). I've been stuck on a swing trade that I shouldn't have entered. Long story short I'm still in it because the daily chart seems to be ok(??). From my longer term chart analysis, it looks like a...

I had put a limit order to get out last night. This morning it zoomed up and was just 90 cents shy of my target! On my! Then it reversed. Still holding bag of sh*t. 90 cents. I looked at the chart and it looked like a good place to get out but maybe I should have lowered my estimate target..

This experience made me realized that things can change so fast in markets. One day gold is breaking new highs and was going into uncharted territories. The next day it's a nasty pullback. I'll stick with my intraday signals. Lowered risk. Or at least well defined risk

I was watching the overnight session. GC was going down 12 points! Then went back up another 14 points in the morning. There's so much volatility and range during the intraday or intra-session that there's really no need for holding long-term swing trades. Even with IB ridiculous overnight...

Oh gosh! I really hate swing trading GC. The daily , weekly, and monthly looks so nice. The pullback is so nasty. From now on, just intraday. Tight stops. That's what works and what generated consistent returns for me.

i don't like this behavior in GC! I should have never swing traded this! Today I'm up nicely on my intraday trades. But I'm down on my swing trade. Hmm.. wtf is going on with gold? USD rallied again?! geez.

Yep. Finally things are coming together! Yay! I traded futures and made money on all of my trades. Very nice profits for scalping. I could have made a lot more with more size and holding slightly longer with almost no risk. It took me a long time to figure out what kind of trader I am and...

what if it blows through 1450? where would you stop out ?

We need more people to support the market! lol

If you want you can hop on GC for the ride back up. It's moving back up now. hehe.

Watching overnight and painfully holding. It is sh*t like this that makes me want to not hold GC for more than an intraday trade from now on. Just when you think it will have a clean breakout it reverses. But the longer term trends are all still very positive. Daily. Weekly. Monthly. I'm forced...

I knew about MGC. I traded MGC back in 2011 when I had a super small account. My small trading account went up like 3x in the infamous gold bull run. I pyramid(used my excess gain to buy more MGC on the way up) in on the way up. I didn't get out of it then I gave back all of it in the bear...

are you long MGC? I feel if war breaks out with Iran it might go up a lot. All seems to indicate up. But yesterday's violent pullback shook me. I thought it would be a little pullback then bounce up hard at the close. Let's see. It looks like a lot of political chaos is about to hit. SHTF...

I just watched the video. It has interesting research. Very good. He did NOT said he could predict tops and bottoms. But rather presented statistical evidences of things that might indicate tops and bottoms. And he said to use of stops when he's wrong. Correct way to think about trading. Very...