A beautiful move in palladium there JP. Please tell me you left the short stop entry in at 1500.
Alas my brother from another mother... I closed that trade much to my dismay.
That would have been a beauty... in fact it was after my retort to you that I doubted myself and had a spot of dyslexia... turns out I not dyslexic... just inexperienced:).
Hey.. a quick question if you don't mind.... trailing stop loss... how do I apply them on the CMC platform... its probably glaringly obvious?
Oh well there will be plenty of opportunities ahead. At least you know your strategy is accurate. Trailing stop loss is found as a drop down menu where the normal stop button is. Default is regular.
Good on you Justin and Nathan... do either of you have any thoughts on "where next" for Gold and Silver?
Howdy. I agree with your analysis on the quick update. My bias is price will continue down because the HP score is looking reasonable for both G and S. Just waiting for confirmation via breaking down of the support. Seems like dejavu . We are back to the same bracket strategy as a few weeks back. I have made minor tweaks of my short stop entry to avoid getting pinged in silver like last time.
I think the USD is going to be the deciding factor.The dollar is at its last bit of resistance before having another go at breaking its top. If it runs out of puff then gold might bounce off its support again. Of interest in the CoT report the commercials loaded up on short positions in the previous two weeks. I don't know yet if they brought them all back again on the smash down last week. If they still have a pile of short contracts then it could add more fuel to a price drop should the dollar go up.
I'm still not clear as to why April is so important for the Basal III thing. Banks have been able to count their gold as Tier One assets at least for this year. Why a rush in April? Thanks.
Did anyone else get their short stop entry triggered in silver last night?
I was already in... and got my profit target triggered...
Will now look for another entry possibility around the $15.00 mark.
Ok were you still in from the channel breakout move?
I had a stop entry short position at $14.94. It got triggered when the candle came down then kissed it then promptly took off in the opposite direction. Reminds me of a date I went on once...
I have reset the entry a bit lower at $14.90
