Right now gold will set up at 1174.5 on 30 min chart. We have
about 3:1. I got into oil this morning on a 5 min chart while
eyeing the 60 min chart. I have more than 3:1 on that. I took
profits just under the 5 EMA a little while ago.
That little gold trade went to 5 ema on 15 min where I took one
contract off. The other two stopped out at Break even and the tail
of the previous candle for a wash trade, btw.
Right now gold will set
Reversion to mean startegy
Posted by zenman on 6th of Mar 2015 at 10:27 am
Right now gold will set up at 1174.5 on 30 min chart. We have about 3:1. I got into oil this morning on a 5 min chart while eyeing the 60 min chart. I have more than 3:1 on that. I took profits just under the 5 EMA a little while ago.
Great information, thank you. I
Posted by frtaylor on 6th of Mar 2015 at 11:01 am
Great information, thank you. I really want to be settled w/ my final system by paper trading first. I have a couple more questions, so I will pm you.
That little gold trade went
Posted by zenman on 6th of Mar 2015 at 11:42 am
That little gold trade went to 5 ema on 15 min where I took one contract off. The other two stopped out at Break even and the tail of the previous candle for a wash trade, btw.
e-minis just went long 15
Posted by frtaylor on 6th of Mar 2015 at 11:52 am
e-minis just went long 15 min chart, on penetration of 1/2 of candle. About 2:1 to the 9ema, 4:1 to my standard target of the 20ma.
I'm watching gold as well.
Posted by zboy2854 on 6th of Mar 2015 at 10:55 am
I'm watching gold as well. Stop under the low at 1172.50?