Gold calls.Long term -medium term and intraday calls in gold is here !.

[sujithsstorock]

Nice trade welldone

thanks . Congrats for your profit too

 

[pikemaster]

may be Ive read it wrong then, if so many apologies.

But what if it meets say the first 2 and then stops out, how do you calculate the profit/loss?

 

[sujithsstorock]

may be Ive read it wrong then, if so many apologies.

But what if it meets say the first 2 and then stops out, how do you calculate the profit/loss?

its okay.

If a call hits even the first target, its considered as a successful call.And if a call hits stoploss first without achieving even first target,its termed as a failed call.

 

[pikemaster]

so how do you work your staking, give me an example of how you place a trade with actual figures..cheers

 

[sujithsstorock]

so how do you work your staking, give me an example of how you place a trade with actual figures..cheers

today's call was to buy at 807 with stoploss 804 and targets 810-812-815-820-829 and the like.

I have given the best strategy to be used in page 107 of this thread.

With 5 targets set,one can buy 7 lots at 807 $.

Exit 2lots at first target. Profit of 6 $,

trail stop of 4 lots at cost to cost. And keep 5th for stoploss 804 $. This one lot is set with stop of 804 $, and is reserved for a potential up rally.

At second , third and fourth target exit each lot and trail the remaining lots respectively.

Safe traders can exit at first target.

 

[Wideboy]

This is nice, glad I had the balls to hold

 

[Wideboy]

Question is what will US market do?
Not sure whether to take my $3 or wait...

 

[sujithsstorock]

Buy gold around 807 $ with stoploss at 804 $ target 810-812-814.8-816-819-823-829 $

4th target met. 817 $ current price.

 

[Wideboy]

4th target met. 817 $ current price.

Good stuff

 

[Wideboy]

Stop hit at +0.5

 

[sujithsstorock]

Good stuff

thanks

 

[Wideboy]

Not sure whats happening here.
Are we seeing the market trying to entice the bears in, only to rise up and take their money?

 

[wibblewibblewibble]

I think so, wideboy. I just got long, stop just below the low - doing your trade, second time around!

 

[Wideboy]

Long @ 809, stop 802

 

[wibblewibblewibble]

almost worth taking it off at the intermediate resistance aroudn 813 and if it goes through, but back in again once its clear.

 

[pikemaster]

who says there is resistance at 813? don't see that at all as its been through that twice today already

 

[Sprawl123]

Long @ 809, stop 802

nice one

 

[pikemaster]

make that 3 times...

 

[pikemaster]

by the way who do you guys trade with? I use Finspreads..

 

[Sprawl123]

CMC...
most have bad reviews though..


SURELY we break 818 this time!!!
come on!