Friday, September 8, 2017

I am done for the day and will not be in this blog until the evening update. Take care of your trades, use SL orders and take profit whenever you feel you want to or need to. COMEX closes in 1H and online trading will finish in 5 hours. Best time to asses whether or not a position is left open or is closed is 1 hour before online close which means 4 hours from now. Do not forget that a small loss is always recoverable however a wiped out account means no more opportunities to trade.

23 comments:

  1. Thank you sir, have a great Weekend.

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  2. Found your blog from investing.com . Super new trader(started this week lol). Thanks to my stupidity and clumsiness ,i lost 1/5th of my equity and i guess paying the school fee is somewhat a must and i'm learning bit by bit. Currently still have some pips going long at 55. Probably gonna lose another couple thousands at the current state(thinking of leaving it open for the weekend and hope for the best). Guess going in too strong without sufficient knowledge will end pretty bad for me. Anyways have a great weekend everyone !

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    1. Nobody is stupid just uninformed, as time goes on things do not get easier, you just get better, keep going patiently and down to earth.

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  3. what do you do guys?, keep the position until moday or close all position before market close?. ido irma will have great impact on gold

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  4. I will keep it, hope we got some geopolitical tension tomorrow, because noth korea republic fundation day...
    Today Washington Post News says: SOUTH KOREA is closely watching North Korea over the possibility it may launch another intercontinental ballistic missile as soon as Saturday when it celebrates its founding anniversary.

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  5. I'm going long till Monday guys. I purchased 200 at 1243 and 200 at 1247 leaving them open until Monday. Most of the traders are confident about the bull market. But please take individual decision. Take care and see you guys in Monday!

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  6. because the price is not break to 1342 - 1340, i'm going long till monday. i hope hurricane irma, NK issue and Trump issue will make gold increase to 1374. but take your own risk for that

    see you on monday, dont forget place good SL and TP Before 4:00 :D

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  7. sir azwari, are you hold buy from??

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  8. hmm, i have 1343, 1348 and 1349,, in your opinion 1343 close or hold sir?

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    1. long or short?, i suggest you have only 1 position, because you. but if you confidence with next profit i prefer you keep your position now. it's depend on you

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  9. i have short 1306 and long 1343, 1348 and 1349,, i confused sir,, T.T advice please,,

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    1. I think we answered this yesterday and told you to close the short down between 1340 and 1346, for next week I don´t know yet what is going to happen.

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  10. Well, I'm going long into the weekend. Gap up on Sunday?

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    1. I'm sure of it, we have lots of fundamental issues. Hurricanr Irma, NK, Trp, Debt ceiling...

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    2. I agree Azwari. Everything is set for gold to reach new highs in the coming week, maybe even 1400.

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  11. Sir Cesar is it possible again for gold to go back up to 1353 as I bought .. so I can know if it's not possible to try to close it by least loss.. please and thanks

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  12. It is possible but not guaranted so you better watch it on Sunday and it does not go up after the opening you should consider closing it.

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Disclaimer: This site is not intended to provide professional advice nor to lead users to either copy or follow the trades herein posted, it is essentially conceived to share thoughts and ideas for non-professional traders and become a non-official knowledge base for individuals interested in testing and improving their own skills in the spot Gold market.