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Neutal

NEUTRAL ON GOLD FOR NOW -STILL WAITING FOR CONFIRMATIONThough I still have a bullish bias for Gold but I am still going to be patient and wait for confirmation whilst keeping my mid open for any bearish sign to sell. A lot of traders loose money because of lack of patience and sometimes fear though. I see a W-Pattern formation on that has already played out in 30 minutes time-France which took gold price to above 1935. Right now, I am waiting for confirmation to continue buying gold with a bodily closure above 1935. I am personally risking 50 pips on a Buy-Stop order with entry @ 1935.5. if price refuses to breakout and continues a downtrend, I will be safe as my trade set up will not get triggered and that gives me an opportunity to be a little more patient and watch out for any possible reversal signal and wait for price action to tell me whether to sell or not. Patience pays a lot in trading. Trade carefully.
FXOPEN:XAUUSD
by Olajireolapoju
2
Neutral position on BTCI currently have a debit spread open on BTC, with a $100 spread. BTC 31mar17 1100/1200. I expect the price to be trading within this range for a bit, however not all of it is completely sound. The probability of the call leg being In-The-Money is about 60%, and as of current it is trading pretty close to my strike price. To hedge that, I opened up my short leg with a few more contracts, to collect premium and be net profit at expiration, because there's a 40% chance of it ever going In-The-Money from that strike price. If all else fails, I'll adjust my position, and roll down my long call to a lower strike. For now, that doesn't seem necessary. All of the greeks are favourable. Theta decay is high on the short side, but that's also favourable- you want the top option to expire worthless so you get that sweet, sweet premium. Good luck!
BITFINEX:BTCUSD
by michael.oselskyi