Gold Blow Off Top

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J D Canning
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Gold Blow Off Top

Post by J D Canning » Thu Oct 07, 2010 6:58 am

Hope everyone's "enjoying" the blow off top in Gold. There's an inevitability about the imminent correction that leaves one a trifle nervous, but for now, it's one hell of a ride.

Would be interested to hear about people's exit strategy on this one. Here's my starter for ten: I have a trailing stop that is currently at 1325 in the December contract.

DeanoT
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Post by DeanoT » Thu Oct 07, 2010 7:41 am

Trend is up. :D

LeviF
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Post by LeviF » Thu Oct 07, 2010 8:31 am

I already scaled out some at 1135 and more at 1315. Anything left is gravy for me.

Chris67
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Post by Chris67 » Thu Oct 07, 2010 3:07 pm

Excellent timing on that post Mr Canning
I have been up since 4.30 a.m so I went for a 2 hour nap this afternoon with Gold merrily pushing 1362 - I awake to see it merrily spewing at 1335 heheh - All small moves in the big picture - but still felt quite big !!!

I have been a Gold bear for about 4 years !!! I thank my personal God that I trend follow and do not trade what my opinions are as I would now be selling the "big issue"

I do know of a few people long for years who are looking for 3-5000 in Gold ??? The truth is - who the hell knows but the trend is up !!

J D Canning
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Post by J D Canning » Thu Oct 07, 2010 4:50 pm

And how about Crude Oi.....oh....

Chris67
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Post by Chris67 » Fri Oct 08, 2010 1:51 am

gonna make a tonne of money buying the 1.6000 break in the poundaaaaaaaaaaaa

Chris67
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Post by Chris67 » Fri Oct 08, 2010 1:52 am

we jest .. but valuable stuff nonetheless - have to keep persevering and taking all the small knocks
Im loaded with grains - they closed a bit soft last night - I get up this morning and they re all up !!! You just never know !!!!!

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