TRADING TIPS

GLD Long with Targets

Hubert Senters here. Let’s take a look at GLD. Obviously I’m having a Gold Trading Webinar 101 tonight. I’ll link to the back of the video after this video you can sign up. I’ll meet you tonight at 8PM EST. Gold here, GLD. If you’re trading gold futures just use gold you can use the smaller contract or the micro. I don’t like the micro actually hold on. They’re called something weird. Hold on just a second. I like the big one. I don’t like the mini but I like the micro so the biggie is good. Let me move you over here this what I’m saying this. So the big gold contract last contract got decent size. The mini contract hardly anybody pays attention to and the micro. A lot more people pay attention to it. So I would trade this one. I would skip this one and I would trade that one. So that’s my recommendation. Now let’s get back to the scheduled video at hand. So GLD if you don’t trade futures you can trade an ETF on GLD. I think GLD is going to ramp back up to $160 to $162 right now on a daily chart. The 10 minute fired off a daily signal which is good or the 10 minute fired off a signal which is usually good for about five hours. Now we’re looking for next is for this 60 minute signal to close above $144 when it gets to $144 then we could bid long some GLD and ride that puppy to about $160 to $162. Like I said I’m doing a Gold Trading 101 webinar tonight at 8PM EST. I will HYPERLINK you to that sign up page. Good luck. Hope it helps. See you tonight at 8PM EST. Hubert.

Submit a Comment

Your email address will not be published. Required fields are marked *

Share:

Facebook
Twitter
LinkedIn
On Key

Related Posts

Get Reports From The Trenches on What’s Working Now
Twitter Facebook

 

IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone. Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.