Trend is heavy bearish on all time frames. All indicators are on sell as well. Yet I started a (feeler) starter position long in GLD around $114.80 ish. Stop at 113.92. Targets will be based on the price action around all key fib levels and gann levels as drawn. I'll add only on strength from here on. I average up only not down.
This trade should work by max next week or it will be most likely a wrong thesis. Remember the Bank of Japan meeting is due tonight. This is a highly volatility event and may lead to reversal in prices.
Even though this trade is highly speculative, I believe as a day trader I can adjust/hedge/stop out my position accordingly.
**PS: I am obviously joking about using my grandmother's pension.
This trade should work by max next week or it will be most likely a wrong thesis. Remember the Bank of Japan meeting is due tonight. This is a highly volatility event and may lead to reversal in prices.
Even though this trade is highly speculative, I believe as a day trader I can adjust/hedge/stop out my position accordingly.
**PS: I am obviously joking about using my grandmother's pension.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.