Gold

Overnight said:
Gold does not trend, it burps (and belches, and shits Tiffany cufflinks.) Watch for a short signal at 2:30 PM ET tomorrow.
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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 toward the highs. This time I thought I learned my lesson and bought toward the lows. Now the bottom just fell off? WTF?! But I held on overnight. It looked totally overdone.

This morning it went to the lows of 1412. On a separate IRA account, I bought one at 1415. I was proud. Then it went up steadily. Got out at 1423s because i had to go to jury duty(all week). I was not comfortable holding it especially after the hell I went through last night.

Now we are on lunch break from Jury Duty and it's 1455s!!!!!! WHAT?!! God! I hate GC! lol

I also had call options that this morning was at left for dead at 23 cents! I bought it around 69 cents. When it finally got to 60 cents I got out and was so relieved that it was not a total loss. Now I checked again and it's $3?!!!!!!
 
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trader99 said:
OMG?!!!!!!! I got in what I thought was the lows late late yesterday after the Fed announcment...

I also had call options that this morning was at left for dead at 23 cents! I bought it around 69 cents. When it finally got to 60 cents I got out and was so relieved that it was not a total loss. Now I checked again and it's $3?!!!!!!
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Yeah, in SIM I took a short around the fed thing, and it dropped about 8 bux, closed it out. Haven't been really following it since, since I was so focused on the YM. (Which was recovering nicely until the Trump Twit.)

So I had to bail on that for a $3100 loss. I reckon your loss was not that bad. Wish I knew how to do options.
 
Overnight said:
Yeah, in SIM I took a short around the fed thing, and it dropped about 8 bux, closed it out. Haven't been really following it since, since I was so focused on the YM. (Which was recovering nicely until the Trump Twit.)

So I had to bail on that for a $3100 loss. I reckon your loss was not that bad. Wish I knew how to do options.
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This time I ended up making money on the futures. Loss a few hundred bucks on the options. Not bad overall. But I missed out on over $15K of potential profits.

But seriously I don't know if I had held through everything. At least a lot more than basically flat.
 
Gold valued in AUD continues its upward trajectory.
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trader99 said:
I'm not a good trend trader. Or one at all. So sad. Missed out on great moves. :(

I thought I've come far in my trader development. Now I'm not so sure anymore.

*heartbroken*
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GC has been in beast mode. Dabble with it in MGC if you wish to keep dipping your toes in King Midas's piss pond, otherwise treat it like room 237. There are so many other instruments out there to try.

ZB has been on a hell of a tear to the north ever since Powell signaled a rate cut was most likely at end of June. Of COURSE I made a load on it in SIM on a long. Could not attempt it in real because I do not have live experience with it.

And I am long on LE this afternoon (SIM) due to the EU deal that was impending. On a pure fundamental analysis, this should prop up LE on Monday. Maybe even lock limit it up 3 points, which would be very nice indeed for bulls.
 
Overnight said:
GC has been in beast mode. Dabble with it in MGC if you wish to keep dipping your toes in King Midas's piss pond, otherwise treat it like room 237. There are so many other instruments out there to try.

ZB has been on a hell of a tear to the north ever since Powell signaled a rate cut was most likely at end of June. Of COURSE I made a load on it in SIM on a long. Could not attempt it in real because I do not have live experience with it.

And I am long on LE this afternoon (SIM) due to the EU deal that was impending. On a pure fundamental analysis, this should prop up LE on Monday. Maybe even lock limit it up 3 points, which would be very nice indeed for bulls.
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Right there with you and trader 99. Thursday low 15 minutes into the session and a grind up for the rest of the day. Days like that are few and far between. I use leveraged miner ETF's. Hit a low of 28 at 6:45am, got in just above that, rode it out to 34 and dumped it all. I got in because there was a violation of the 50% fib. retrace, clearly overdone with the metal still above $1400. I've been in and out of this instrument numerous times over the last 2 months and its by far my best performer this year. There is a bear equivalent of the ETF you can use if you're looking for protection and don't want to liquidate your bull position. Currently, the metal still supported by the bulls.:wtf::wtf::wtf::D:D:D:sneaky::sneaky::sneaky:
 
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