SmileR2020

SmileR2020

Looking to try to get in on today's low which I expect around 14.30 GMT...Gold has shown signs of stabilizing and a slight recovery this week after last Friday's bloodbath. Gold often rally's Thursdays and fridays following a correction. Dollar index has fallen back so that should also be supportive...I am hoping somewhere around 1840 for an entry to go long. Wish...

SmileR2020

Came out of gold at entry of 1840 last friday...but bought back in again at 1840 as a long.... ...I should have banked more profits at 1950 and along the way from the 1840 trade taken before xmas...lesson learnt...bank, bank bank..It is so easy to become complacent when there is a lot of profit in your account and make mistakes.....I think gold will head back up...

SmileR2020

If we can just get back over that 1900 now and get over non farm payroll announcement at 1.30 gmt...hopefully we then start to head back up towards 2000...stay strong

SmileR2020

Things seem to be stabilizing here on lower time frames so bought back in( see MACD on lower timeframes plus there seems to be support around 1880). Also have long from 1840...with stoploss to entry and half profits banked at 1940..Did not go too mad here on this trade just risking partial profits from those already banked...Trading gold at the moment is a scary...

SmileR2020

Sorry mistake in last one long from 1840 and buying in here again at 1891...half profits banked from 1840 at 1940

SmileR2020

Still long from 1840 and buying into gold again here now....1987

SmileR2020

I think gold may go sub 1900 again in the near term ...so if I come out of yesterday's position at entry 1900( stoploss 1900)...I will try and buy in lower. Half of my trade from 1840 taken before xmas is still running, stoploss set to entry at 1840 and half profits banked...I am still confident gold can hit 2000 in coming weeks and this washout will give it the...

SmileR2020

Gold took a dip today back to fill the gap from sunday open at 1900...This was kind of to be expected...Gold nearly always fills gaps.....I took a small long trade again at 1900 with some of the profits I had banked at 1940 and quickly moved stoploss to entry as it rose back up so if I come out of that trade I lose nothing. Aldo my stoploss is at entry on the...

SmileR2020

I am keeping an eye on cocoa for a low this month as January is usually bearish seasonally whereas February is usually a good month seasonally. I am looking for an entry any where around 2270(November low) or less to go long. I would be grateful for any insights/views from others who also trade this commodity. Agricultural commodities need patience and you have to...

SmileR2020

Long from 1840...I have decided to take half profits here at 1942.just in case..plan going forward is to take 80 percent of what is left at 2000 and leave the rest run.

SmileR2020

Hoping we hit 1950/ 1960 this week/ early next week and will take half profit and move stoploss to entry at 1840. First week of january normally very strong for gold as money managers buy back in for new year.....Most traders focus on the technical signals and pay little attention to seasonality and COT (commitment of trader) reports....a big...

SmileR2020

Watch where gold finished today....limit up...trade looking good for next week

SmileR2020

Can we finish over 1900 on the close this evening...very positive for next week....long from 1840......holding until 1950 to 2000....In it for the big bucks....see earlier posts....stamina needed

SmileR2020

Getting there with a seasonal trade in gold taken at 1840......See earlier posts of last two weeks....Hopefully we get a daily close holding over 1900...In this for the long haul...target 1950 to 2000...maybe even holding a little of the trade in anticipation of new all time highs..vaccines are not rolling out a quickly as they thought...much on the world in...

SmileR2020

Long since 1840 and holding...see previous posts. Can we break 1900 and close above it some day this week and continue to all times highs over next two months. MACD staying positive.

SmileR2020

1950 Next stop......yee hawwww

SmileR2020

Expecting gold to open higher today and either consolidate this week or break 1900 but it is coming sooner rather than later....I think monday week at the latest we will have broken 1900 and start moving higher...Look at the weekly candles....covid cases going out of control...vaccine news and fed statement behind us and Fed are going to remain accomadative....US...

SmileR2020

Everything is playing out with the seasonal long I suggested a few days ago. Gold is looking very strong now, especially if it finishes the week strong. I will take half profits at 1950 and let rest run into February before taking the rest off the table. That is the plan at present anyway but plans can chage I think there is a strong possibility of it heading...