Daily Trading Strategies on Gold/Forex

[Gold Trader]

Quote from Gold Trader:

long @ 611.4
stop @ 608.5
target @ 620

hold long
stop @ 609.5
target is around 620

 

[Gold Trader]

again, gold ended where we started off for today.

it would have been very difficult to trade in such market.

imo, as long as it is above 609~610 range, we can expect an upside move.

if 609 is clearly broken to downside, around 600 would be next stop.

 

[moise]

Oversold, ready to bounce up

 

[Gold Trader]

here is 4h chart.

the indicators worked well before the breakout.

 

[Gold Trader]

long gold @ 626.4
stop @ 623.5

long eur/usd @ 1.2961
stop @ 1.2930

short usd/chf @ 1.2466
stop @ 1.2505

 

[Gold Trader]

long gold @ 633.2
stop @ 630
target @ 638

long eur/usd @ 1.2957
stop @ 1.2925
target @ 1.3020

short usd/chf @ 1.2462
stop @ 1.2505
target @ 1.2420

calls are just for intraday trading and valid only at the time of post.

 

[EliteTr4der]

Long GCJ7 @ $635.50
Stop @ Moved to break even
Target @ $675



I am a new metals trader please critique my trades.

 

[The Dogster]

hi elite trd4er - where is your stop in gold ?

 

[EliteTr4der]

I moved my stop up to $635.50 (which is my break even level). The April contract is trading around $640 right now.

Do any of you guys trade the outside months?

 

[moise]

My target is a break out above 650