Posts Tagged trading gold

The Gold Trade that went wrong earlier this week

The Gold Trade that went wrong earlier this week

[caption id="attachment_7654" align="alignnone" width="601"] 14th January 2013 - Gold Trade[/caption] Earlier this week we sold Gold (those that followed my Tweets would have got this info in realtime). The reason for this was for a couple of reasons.. the underlying trend in the Daily charts as you can see had been down and there was a marked resistance line. One the day that I had shorted this, I could see that the price action had reacted to this line and was starting to move lower. Of cou

January 19, 2013 No Comments Full Story

Drawndowns and Pain – What to do when positions go against you

Drawndowns and Pain - What to do when positions go against you

Today I entered short on Gold after seeing a breakdown in the price action. My stop was in the correct place but what I hadn't anticipated was how much money I could have lost when I placed the trade. I only realised what I had done after I had placed the order and it got triggered. I usually can deal with a 100 point (or pip) loss which amounts to around 2% of my capital. However, I had gone in at the same stake size as my normal trades but my stop was also the equivalent of 250 pips away wh

September 16, 2011 No Comments Full Story

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