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Short to gold buy update


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#1 zoropb

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Posted 20 September 2018 - 07:41 AM

Equaled a third position at 2926 a little bit ago. Averaged in at 2909. This third from a little while ago will be a short trade.  Will update as I go.  

 

Enjoy your day.


Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.


#2 K Wave

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Posted 20 September 2018 - 08:19 AM

Bulls won a big battle yesterday...but my guess it will be short lived.

 

Looking for breakout/fakeout action here on ES....but not shorting until I see some evidence that is actually occurring...

 

Key levels now look like 2910 ES (right about at your average) and 7520 NQ

 

NQ is likely the better short here...should a reversal come...


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#3 q4wer

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Posted 20 September 2018 - 11:36 AM

options data doesn't seem to support this rally.  Tomorrow might be a day to reset.  Too much more call options via put options.



#4 q4wer

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Posted 20 September 2018 - 11:52 AM

people no longer care about the interest rate on 9/26 FED next week.  A rate hake is almost definitely to happen.



#5 zoropb

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Posted 20 September 2018 - 03:21 PM

Should get interesting between now and Oct 11.


Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.