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4:03 am
July 24, 2012
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Mr.Rinaldi
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| Member | posts 86 |
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Gold is still looking for a direction. Maybe now the strategy is to trade it with range in options.
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4:05 am
July 24, 2012
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Arbitrageur
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| Member | posts 97 |
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I think you are right, but I haven't tried this approach yet.
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4:29 am
July 25, 2012
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Mr.Rinaldi
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| Member | posts 86 |
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Just when I thought gold is starting to look less and less volatile and we saw what happened.
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4:33 am
July 25, 2012
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Arbitrageur
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| Member | posts 97 |
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Yes, it is really difficult to trade with range options. I am thinking of putting it around 1600.
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4:33 am
July 26, 2012
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Master
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| Member | posts 90 |
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I hope you didn't, Arbitrageur. It is bouncing quite nicely. We can even see an upward trend finally forming.
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4:40 am
July 26, 2012
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Arbitrageur
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| Member | posts 97 |
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Unfortunately I did. At least I didn't lose much money. I decided to stay away from gold for now.
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5:25 am
July 27, 2012
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Mr.Rinaldi
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| Member | posts 86 |
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Too bad Arbitrageur. I remain bearish, but I will wait for it to hit 1630 and then I will consider opening a position.
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5:46 am
July 30, 2012
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Arbitrageur
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| Member | posts 97 |
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I did that too and now I am sitting on some pretty decent winnings. Fortunately this resistance level proved to be strong.
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6:32 am
July 31, 2012
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Mr.Rinaldi
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| Member | posts 86 |
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Today is a perfect day for trading god range in as everyone is waiting for tomorrow's Fed meeting
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6:34 am
July 31, 2012
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Master
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| Member | posts 90 |
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I think that is the right attitude in this choppy day we are having.
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7:27 am
August 2, 2012
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Arbitrageur
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| Member | posts 97 |
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I knew that we will have an overshoot. I managed to call around 1590 and now I am sitting on some pretty decent winnings. Does anyone else trade gold?
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7:38 am
August 3, 2012
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Mr.Rinaldi
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| Member | posts 86 |
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Good for you, Arbitrageur. I also called it around 1590 and did some money. The only thing I regret is I entered with a very small amount.
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7:41 am
August 3, 2012
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Arbitrageur
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| Member | posts 97 |
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I also regret that I didn't traded it more aggressively. But after all a winner is a winner.
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11:19 am
August 6, 2012
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Mr.Rinaldi
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| Member | posts 86 |
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I think we might finally push above 130 in the following couple of days. If we hit 1625, I am calling.
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11:23 am
August 6, 2012
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Master
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| Member | posts 90 |
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I also am calling it, but only if we break 1630. Otherwise I risk being shaken out, if a correction of some sort occurs.
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10:41 am
August 7, 2012
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Arbitrageur
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| Member | posts 97 |
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I am also intending of trading in on the long side, but I am waiting for a correction to enter in a position.
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11:05 am
August 8, 2012
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Master
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| Member | posts 90 |
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Today we saw a corrective move of some sort. Did you buy on it, Arbitrageur?
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11:07 am
August 8, 2012
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Arbitrageur
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| Member | posts 97 |
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Unfortunately, I didn't. I hesitates for quite some time and missed my chance. Did you call it?
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11:34 am
August 9, 2012
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Mr.Rinaldi
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| Member | posts 86 |
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Another way to trade gold right now is with range in options. The volatility remains low, so I think range options are the right choice.
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11:42 am
August 9, 2012
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Master
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| Member | posts 90 |
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Unfortunately i also didn't call it. I don't think the range options are the way to go Mr.Rinaldi as gold is famous for its sharp swings.
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