Gold closing again on major 1,600 support.
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It’s incredible what Apple is pulling off, yet again I would continue to ease out of long positions at these heights. No instrument goes up forever and each will be corrected. It is a good policy to be partially unloading as things get to extremes. Gold is a good recent example. Gold bugs thought it will go to 4,000. Putting sell stop orders below most recent highest-lows, most current support is a good way of doing it. People always want to be able to pick exact tops or bottoms. There is no such a thing as being able to pick exact tops or bottoms. But often greed or sloppy trade management rips us of profits we had at hand. Then we go in our minds through the familiar shoulda-woulda-coulda routine.
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Fed announced no QE3 which sent markets lower. Both euro and gold tanked after the announcement as no easing means stronger dollar. I got hit in my long EUR/USD and USD/JPY short. I think this is going to be temporary because Draghi will have to respond to this. But for now it’s what it is. I re-entered euro long again.
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Stop buy order on EUR/USD @1.3340 long.
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conshmillo
Triggered buy @1.3340
Stopped out @1.3295 for loss of -45 pips -
conshmillo
in EUR/USD again @1.3220
stop @1.3200-
conshmillo
Stopped out again @1.3220 for -20 pips
In again @1.3160
ECB announcement in 20 minutes-
conshmillo
more @1.3050
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conshmillo
out of 1.3050 lot @1.3128 for +78 pips
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conshmillo
in second lot again @1.3080
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conshmillo
out of 1.3080 lot @1.3130 for +50 pips
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conshmillo
stop buy for second lot again set @1.3025
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conshmillo
In. got executed few minutes ago
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conshmillo
out of second lot @1.3080 for +55 pips
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conshmillo
In second lot again @1.3097
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conshmillo
out of second lot @1.3082 for loss of -15 pips
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“Ashton Kutcher is attached to star as Steve Jobs in Jobs, an independent biopic being produced and financed by Five Star Institute’s Mark Hulme.”
Oh, Noah!
SOURCE:
http://www.hollywoodreporter.com/news/two-and-half-men-ashton-kutcher-steve-jobs-biopic-306666 -
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Setting a trap for short position on USD/JPN
sell stop order on USD/JPY @82.70-
conshmillo
Finally broke 82, which was a major support. 81.76 at the moment. Want to see 81.54 broken before I’ll cover.
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conshmillo
stopped out @82.45 for gain of 25 pips
(same thing, the fed announcement)
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in EUR/USD long @1.32 (short term trade)
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conshmillo
out @1.3309 for +109 pips
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Haha. Here we go. Greece fear mongering is dead. Long live the Spain! Stupid talking heads have a new hobby to keep investors on their toes – Spain.
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Euro, S&P500 futures in the free fall as of this moment
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Richard
Everything down, down, down. Since I’m long, why do I care? Well, I guess I don’t care, come to think of it!
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Zee
Well you’re doing fine dude on planet Long. You started at $4. Holy smokes.
When I was a kid and sitting on the patio pretending to be looking at my fingernails. I was eavesdropping on my mother and her friend as they combed through the financial papers. So her friend thought she’d be smart and said to me. Why don’t you pick one?! Okay. Duh. At that time Apple was under ten bucks. It doubled in about a week. I didn’t see her for over a week. When she came around. Boy was she ever shaken up. All she said was: Insider information! But they were thinking of buying stuff like Yahoo. I said why? They said they liked the name. Duh. LOL.
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eatingbeets 3:58 pm on April 4, 2012 45 days ago Reply
The crazy thing is that there is still so much room for growth… I don’t think I’m ready to get off the train just yet.
Richard 4:50 pm on April 4, 2012 45 days ago Reply
Comparing gold and AAPL? Two totally different cases.
conshmillo 3:47 am on April 5, 2012 45 days ago Reply
“No! No different! Only different in your mind. You must unlearn what you have learned.” Yoda
Silk Hope 6:09 pm on April 5, 2012 44 days ago Reply
I am not the trader in this gang and not long term some where in the middle. As for Apple as long as they make cool NEW stuff in the pipeline the stock will continue to do what it does. two examples
The new iTV coming out will be absolutely be the Bomb. Not because of us adults, but your children. Think gaming! And think that super clear display that Apple has. I can here it already…. “Daddy??? can we get an iTV for Christmas?! They won’t to make enough and with Tim Cooks genius for supply management the sky is the limit.
Two. Apple is the first co. to make the computer your toaster. When you bought your ipad how many of you even needed instructions to operate it. I sure as hell didn’t. Remember when you had buy windows for dummies to operate you PC. Those days are dead and gone.
Thank you Steve,