Commodities Crypto ETFs FX Indices. inc VIX



I am as certain as I can be that 1300 wont be breached - if it did go below 1300 due to technical selling or USD spike - it wont last.

My reasoning arises from huge Central bank gold purchases in January 2019 specially largest from China.
In addition USD is pretty high, so sentiment favours gold to go higher whilst USD retraces back.

CFTC report is still absent so we dont know where the traders have put their bets.

Buy on dips near 1300, this week will another wait and see


1308.60 short gold.

Possibly too low for a short really.



1307.56 closed. It worked.



1307.07 long



1306.58 long



1305.68 long



1306.97 closed



JP Morgan is rolling out the first cryptocurrency by a US bank to transform the payments business

“The second is for securities transactions. In April, J.P. Morgan tested a debt issuance on the blockchain, creating a virtual simulation of a $150 million certificate of deposit for a Canadian bank. Rather than relying on wires to buy the issuance — resulting in a time gap between settling the transaction and being paid for it — institutional investors can use the J.P. Morgan token, resulting in instant settlements.”



1303.96 long gold.



1306.18 cl.



1308.39 cl.



1308.39 cl.



1311.17 short



Much lower Holidays XMAS sales
Jobless numbers up
Gold jumped only around 6 points
More action after US opens


1309.17 cl. + 2



1310.8 gold short.




One more day left in this news’ sensitive week.
No clear direction ahead and pressure to trade is huge and whilst am waiting to enter, I am erring towards Soi’s style of gaining what could be gained.

Lets see what tomorrow brings.


Another successful day on trading. Gold got a bit hairy at one point. My gains were small and almost wiped out yesterday in one swoop when it dropped low.

The market moves faster than I expected and my limits restrict my profits more than my stops restrict my losses.
Therefore I can slowly squeeze profits but I foresee an event taking me for lumps of reserve cash at a time.

It’s a balancing act, 30 points up or down happen I have noticed. I’m not sure what to do about these big swings.

Guaranteed stops could be an option, on IG there is a 0.3pt premium,.
Am I right in thinking that if the guaranteed stop does not come into play, the wording is arbitrary to me.


1314.66 short



Hi S_C

I do not use guaranteed stops , rarely use stops actually but my understanding is that if you use a grty stop and it is not hit, no premium to pay.

0.3 pt extra only if it is hit.

I am fairly sure of that.