Metal trade 2.

2 juin 2016

I've started to post an Energy / Stock / Metal Trade for the followers to trade.
I will post the update in the "update status" section of the portfolio post.
Starting capital is 10.000 $ in each portfolio. When I close the actual trade I will move the whole amount to the next trade - in this case it will be Metal trade X.

Metal trade 1 ended with 6047.5$ profit.


I'm going to play tomorrow's NFP data with a small long position:
Starting capital from Metal trade 1: 16047.5$
Buying 25 XAUUSD
Price: 1210.62
Margin impact : 629$ (3.92%)
Pattern: raising triangle
SL: 1199 $ ( But most probably I wil not use a stoploss because even if we go down 100$ - what is the maximum in the intermediate decline in my opinion - I will loose only 2500$ from the previous profit.)
TP: 1235$

I used the light green line to count the TP level from the pattern.

3 juin 2016

Note

I'm not going to take profit because the data is so weak that we will go much higher.
All those who enterd into this position you can decide to take profit here or wait with me.
I will post when I get out.
Unfortunately it's a small position only.... But it was a small risk only with this tiny position....

3 juin 2016

Note

Selling 20% of the XAUUSD position.
Selling 5 XAUUSD at 1241$.

6 juin 2016

Note

Selling 40% gold of the position in Metal trade
Selling 10 XAUUSD at 1246.50$

6 juin 2016

Note

Closing all XAUUSD positions before Yellen's speech.
Selling 10 XAUUSD at 1242

6 juin 2016

Note

Selling 50 XAUUSD at 1244$

6 juin 2016

Note

I'm short in gold right now.
50 XAUUSD short
Margin impact : 4,7%

7 juin 2016

Note

Here we go. I post in 5 minutes.

7 juin 2016

Note

We have a profit on the last XAUUSD long :
5 XAUUSD (1210.62$ ---} 1241$) 151.9$
10 XAUUSD (1210.62 ---}1246.5) 358.8 $
10 XAUUSD (1210.62 ---} 1242$) 313.8$
Alltogether: 824,5 $

And we have 50 XAUUSD short
I will move the capital (16047.5$ +824$) and this short position to the Metal trade 3 as I will try to add to the short position at the hourly pullback around 1240$.

7 juin 2016

Note

Selling 100 XAUUSD at 1239.64$