No offence...but I can't believe that someone could lose 11K LIKE THAT! I mean...I'm no Nick Leeson...but I'd give the market a REAL run if it were to grab that money away from me (or else I wouldn't have risked this much in the first place).
If you check my previous posts, you'll see me screaming (read writing!) risk management...risk management...RISK MANAGEMENT!
In fact, on a dozen or so occasions...I give (my famous) Natanz-scenario example (Israel attacks Israel) for leaving oil positions uncovered at night...and something like this happened over the wekend - Iran conducts war-games and this, partly, shoots gold up by ~$20...
Asad
P.S. The limits...the stops...the OCOs are there for us to use!
I get what you mean...and believe that we won't cross the mark you stated. Say if a pattern DOES arise - and it should - then would the next target is ~75?
It's interesting to note that the market reacted largely to Iran's war games this morning (& a little bit to the USD weakness). Dpn't you believe that the market's just looking for excuses to sustain the momentum? If this is true, then surely it's not a good sign.
Oil, surprisingly, didn't react AS MUCH to the Iran news as one would've expected (or else the market is awaiting the awakening of the US traders). Another sign that the price would've collapsed otherwise!
The impetus seems to be rumors (otherwise the markets had been predominantly weak for the past few sessions).
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(1 year ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(1 year ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(1 year ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (1 year ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (1 year ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (1 year ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(1 year ago)
No offence...but I can't believe that someone could lose 11K LIKE THAT! I mean...I'm no Nick Leeson...but I'd give the market a REAL run if it were to grab that money away from me (or else I wouldn't have risked this much in the first place).
If you check my previous posts, you'll see me screaming (read writing!) risk management...risk management...RISK MANAGEMENT!
In fact, on a dozen or so occasions...I give (my famous) Natanz-scenario example (Israel attacks Israel) for leaving oil positions uncovered at night...and something like this happened over the wekend - Iran conducts war-games and this, partly, shoots gold up by ~$20...
Asad
P.S. The limits...the stops...the OCOs are there for us to use!
I get what you mean...and believe that we won't cross the mark you stated. Say if a pattern DOES arise - and it should - then would the next target is ~75?
Asad
If you don't mind, what form do you buy gold in? Bullion, coins, ETFs or certs?
Asad
It's interesting to note that the market reacted largely to Iran's war games this morning (& a little bit to the USD weakness). Dpn't you believe that the market's just looking for excuses to sustain the momentum? If this is true, then surely it's not a good sign.
Oil, surprisingly, didn't react AS MUCH to the Iran news as one would've expected (or else the market is awaiting the awakening of the US traders). Another sign that the price would've collapsed otherwise!
The impetus seems to be rumors (otherwise the markets had been predominantly weak for the past few sessions).
Asad
Though I'm discouraged to ask...but how are you?
Asad
Asad
I've collected a MASSIVE *heheh* 200 (short) pips on oil...and still looking for more! As I say...
- Friday is a gamers' day (yet again!)
- No matter what the analysts say...oil is overpriced (amateurs rule!)
Again, we'll see 75 before 85... :)
Asad
You're cornered mate...by two stalwarts of the Forum! Give up or... :p
Asad
Asad