Golden Ratio: TRADE UPDATE: All that shines is not Gold

2008-10-12

TRADE UPDATE: All that shines is not Gold

My Development as a Commodities Trader: All that shines is not Gold

My first trade was stopped but I see the same trade valid again and I am going back in. Stops higher than 940 this time. Break below 830 to signal trend confirmation and place to add to shorts.

1 comment:

vs_trader16 Oct 2008, 10:33:00
In addition to selling GOLD, I am also entering a pair trade. Buy Platinum (PLF9) Sell Gold (GCZ8/ZGZ8) for equivalent amount (1 GC ~= 2 PL futures). The pair trade is a direction neutral view on the precious metal cycle. I feel the selling on the PL smells of panic so either it will bring down Gold eventually OR will lift Platinum.
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-VS

Disclosure and Risk Warning

Some disclosures and warning about potential risk.

a) I will/may not be able to put all my trades as I have lot of things to do and maintaining this blog is more like a hobby/pass-time/to keep my thoughts in one place. In any case I build my key ideas mainly during weekends. This blog is not a proxy for my trading activities/records.

b) These are not meant to be investment advice and I strongly recommend that you do not follow them to initiate any positions or take any trades with real money. Trading commodities and futures is a high risk business and you can lose more than your investment. You are welcome to use them for educational purposes to understand the intricacies of our financial markets.

c) All risk, profits and losses arising from your investment actions are entirely your own and I have nothing to do with your success or failure.

d) Futures Trading is risky and carry substantial financial losses. You may not get your money invested and your losses are not limited to your initial capital. Do not trade commodities futures unless you understand what you are doing and prepared for financial loss.