GOLD Medium-Term Long
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Follow me if you like money. My published charts made 100s of pips net in the past two weeks, with an over 80% hit rate. This is essentially a custom grid trading opportunity with a directional bias. Be sure to read the event risks and guidance below.
EVENT RISK: Very High (USD pairs could move up to 4 SDs from normal daily ATR on Thursday, this means you should trade far smaller position sizes and have larger stop losses if you choose to enter on that day. In the very unlikely event of a FED surprise, be prepared for the setup to collapse or beat expectations)
SEQUENCE RISK: Low
ATR: ???
SOY SCORE: Cuban Expresso
"Setups" normally valid for at least the next 12 to 48 hours. They can extend for days or weeks.
I will update when the Medium-Term opportunity is exhausted. Which is usually when a significant geopolitical or econ report drops. Gold is particularly vulnerable to geopolitical events and intra-day 'risk on/risk off' sentiments, so I tend to avoid trading it. But the desire to be involved with shiny things is too strong for me to resist, so I have to jump in from time to time.
EVENT RISK: Very High (USD pairs could move up to 4 SDs from normal daily ATR on Thursday, this means you should trade far smaller position sizes and have larger stop losses if you choose to enter on that day. In the very unlikely event of a FED surprise, be prepared for the setup to collapse or beat expectations)
SEQUENCE RISK: Low
ATR: ???
SOY SCORE: Cuban Expresso
"Setups" normally valid for at least the next 12 to 48 hours. They can extend for days or weeks.
I will update when the Medium-Term opportunity is exhausted. Which is usually when a significant geopolitical or econ report drops. Gold is particularly vulnerable to geopolitical events and intra-day 'risk on/risk off' sentiments, so I tend to avoid trading it. But the desire to be involved with shiny things is too strong for me to resist, so I have to jump in from time to time.
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