gold has been an easy swing, as have the stocks - again just
gotta ignore the noise day to day - if it's down one day - don't
freak out and lose your positions - stops should be commensurate
with the swing trade uptrend if that's why you are in
them
over the years my biggest mistake was not having my stops and
time frame match up - if I was in a swing trade, having my stops
too tight where I would get stopped out of noise.
again that's why you follow your plan, whatever it is,
I see high trade size selling in /GC in the 1848-54 range,
indicative of professional selling. The target is still on yet the
high of 1870 might be all we could get on this run-up.
I took a profit at 1853 and will rebuy near support at 1843-ish
at the VWAP.
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Gold futures have turned back
Posted by junkie on 6th of Jan 2023 at 08:57 am
Gold futures have turned back up after a one-day test of the breakout support. It should challenge the recent high at 1870-ish early next week.
gold has been an easy
Posted by matt on 6th of Jan 2023 at 09:04 am
gold has been an easy swing, as have the stocks - again just gotta ignore the noise day to day - if it's down one day - don't freak out and lose your positions - stops should be commensurate with the swing trade uptrend if that's why you are in them
over the years my biggest mistake was not having my stops and time frame match up - if I was in a swing trade, having my stops too tight where I would get stopped out of noise.
again that's why you follow your plan, whatever it is,
I see high trade size
Posted by junkie on 6th of Jan 2023 at 09:43 am
I see high trade size selling in /GC in the 1848-54 range, indicative of professional selling. The target is still on yet the high of 1870 might be all we could get on this run-up.
I took a profit at 1853 and will rebuy near support at 1843-ish at the VWAP.