GOLD FutureGold minor correction for uptrend. Trade setup with Buy Stop position (EP) at 1344, Stop Loss (SL) at 1329 and Take Profit (TP) at 1354.
Money Management
I have 20,800 USD in my portfolio. I can lose 10% of the port which is 2,080 USD.
Position Sizing
1 Tick = $100
1 Contract size need IM = $3,850 (I can open not more than $20,800 / $3,850 = 5.40 Cons)
It is 15 Tick from EP to SL, with 1 Con, I will lose 15 * $100 = $1,500
To lose 2,080 USD I need to open 2,080 / 1,500 = 1.38 Con
Then I will put 1 Contract
If I win, I will gain (1354 - 1344) * $100 * 1 Con = $1,000
Comex
GCJ2018Absorb Bear trend for Mega Bull trend. Minor correction. Trade setup with Buy Stop position (EP) at 1335, Stop Loss (SL) at 1320 and Take Profit (TP) at 1357.
Money Management
I have 20,800 USD in my portfolio. I can lose 10% of the port which is 2,080 USD.
Position Sizing
1 Tick = $100
1 Contract size need IM = $3,850 (I can open not more than $20,800 / $3,850 = 5.40 Cons)
It is 15 Tick from EP to SL, with 1 Con, I will lose 15 * $100 = $1,500
To lose 2,080 USD I need to open 2,080 / 1,500 = 1.38 Con
Then I will put 1 Contract
If I win, I will gain (1357 - 1335) * $100 * 1 Con = $2,200
GCG2018Applied B&B Pattern. Trade setup with Buy Limit position (EP) at 1332, Stop Loss (SL) at 1322 and Take Profit (TP) at 1360.
Money Management
I have 17,800 USD in my portfolio. I can lose 10% of the port which is 1,780 USD.
Position Sizing
1 Tick = $100
1 Contract size need IM = $3,850 (I can open not more than $17,212 / $3,850 = 4.62 Cons)
It is 10 Tick from EP to SL, with 1 Con, I will lose 10 * $100 = $1,000
To lose 1,780 USD I need to open 1,780 / 1,000 = 1.78 Con
Then I will put 1 Contract
CRUDE OIL (NYMEX)B&B Pattern. Trade setup with Stop Buy position (EP) at 63.50, Stop Loss (SL) at 62.50 and Take Profit (TP) at 64.30
Money Management
I have 17,000 USD in my portfolio. I can lose 10% of the port which is 1700 USD.
Position Sizing
1 Tick = $1000
1 Contract size need IM = $2,310 (I can open not more than $17,000 / $2,310 = 7.35 Cons)
It is 1 Tick from EP to SL, with 1 Con, I will lose 1 * $1000 = $1,000
To lose 1,700 USD I need to open 1,700 / 1,000 = 1.7 Con
Then I will put 1 Contract
Weekly Gold Market Analysis January 14th 2018.COMEX Gold futures ended last week on a high note, touching a new all time high for the year at US$1,340.00 before closing at US$1,334.90.
The buying climax was obvious and bulls were determined to press forward the resistance at US1,340.00 but were unable to keep it above that level due to tepid last hour volume.
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What do BITCOIN, GOLD and PRICELINE have in common? Bitcoin and Priceline stock have all fought hard support around the all time high of gold
The red line and Blue fill are Bitstamp and Bitfinex btcusd prices respectively.
The blue line is PCLN stock
The green and red bars are Gold.
Can bitcoin build a floor up here?
Bump & Run Reversal - GoldXAUUSD was manipulated the last rally in the interest of selling at higher prices. Brexit was the catalyst. As a result a 'Bump and Run' reversal pattern is in place. XAUUSD is in the Run phase now where it's expected to form some kind of a bearish reversal pattern. I see Adam and Eve - double top is being developed.
Price is expected to visit the Lead-in trend, in green. In case the trend is broken, there is a high possibility to visit 1200.
Good Luck!
Bullish or Bearish?FX:USOIL NYMEX:CL1!
Big surprise! In today reached my goal it was for the week as shown in the graph listed below.
Looking at the indicators and ociladores we see the possibility of the market continue to grow, I believe that to $ 50, but stay tuned to market changes in the next days, I'm optimist about the bull on the market.