Will be accumulating GLD at 1220/10-5=117. And hedge the primary position with options.
There is a $5 difference in GLD
Commenti
UDAY_C_Santhakumar
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Someone asked me about that $5 difference.. Here is how the etc is valued for some reason. Gold price / 10 , then subtract $5 that must be approximate GLD value. Any thing extreme is a good scalp on GLD
UDAY_C_Santhakumar
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Its always Hilarious to watch the GLD traders at the Close, trying to grab positions, when GC does not get hit at all. "Trade per Underlying"
UDAY_C_Santhakumar
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Good time to Monitor, and or trail stops, The break below recent narrow candle with conviction is the key, Idea is that it should not go back to retest the high, until it hits the target. If it does, the Setup is void.
jangseohee
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alright, i will forfeit that 5 dollar target of 1250..
i will just collect my profit at 1255 from 1305 :-)
as per my first post
thank you for reminding
UDAY_C_Santhakumar
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Let your profit run and cut the loss quick.. I am still expecting it to go lower.. It has not met the target. Three more weeks left per plan.. So I am in no hurry here. I will short it aggressive on any bounces...
UDAY_C_Santhakumar
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World is waiting for Yellen to open her mouth. FED meeting day - low volatile ----> High Volatile.
jangseohee
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"we will be patient and observe longer"
UDAY_C_Santhakumar
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I look for only the major changes in the FED meetings announcement. Like, interest rates going up, markets are over priced etc...
jangseohee
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cool
UDAY_C_Santhakumar
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Got to get a bit nimble here - Handling the trade (the Osc shows some strength - I am not buying here) This could pull a move like March 2014.