GC1! : Horizontal motion channel and possible movementsHorizontal movement (1045 - 1377) on the monthly chart and possible movements
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
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Comex
Gold Future APR18 (COMEX)Trading Signal
Long Position (EP) : 1330
Stop Loss (SL) : 1327
Take Profit (TP) : 1339, 1347
Description
GC1! future formed Double Repo Buy at 4h time frame. Buy Limit position at 1330.0 When the position has entered, place first take profit with 2/3 contract before an agreement 1339 and place stop loss at 1327. When the first target reach, shift stop loss to break even (1330) and wait until the rest contract or second profit will be reached (1347)
Money Management
Money in portfolio : $48,000
Risk Management (2%) : $960
Position Sizing
1 Tick value = +-$100
Commission fee = -$30/contract
EP to SL = 3 Tick value = -$300/contract
Contract size to open = 3 contracts
EP to TP = 9 tick value = +$900, 17 tick value = +$1,700
Expected Result
Loss = -$990
Gain = +$3,410
Risk/Reward Ratio = 3.44
Gold Future (CME)Double Re-penetration Pattern. Trade setup with Buy Stop position (EP) at 1337.5, Stop Loss (SL) at 1333 and Take Profit (TP) at 1342.
Money Management
I have 22,800 USD in my portfolio. I can lose 5% of the port which is 1,140 USD.
Position Sizing
1 Tick = $100
1 Contract size need IM = $3,850 (I can open not more than $22,800 / $3,850 = 5.92 Cons)
It is 4.5 Tick from EP to SL, with 1 Con, I will lose 4.5 * $100 = $450
To lose 1,140 USD I need to open 1,140 / 450 = 2.53 Con
Then I will put 2 Contract
If I win, I will gain (1342 - 1337.5) * $100 * 2 Con = $900
GOLD FutureGold minor correction for uptrend. Trade setup with Buy Stop position (EP) at 1344, Stop Loss (SL) at 1329 and Take Profit (TP) at 1354.
Money Management
I have 20,800 USD in my portfolio. I can lose 10% of the port which is 2,080 USD.
Position Sizing
1 Tick = $100
1 Contract size need IM = $3,850 (I can open not more than $20,800 / $3,850 = 5.40 Cons)
It is 15 Tick from EP to SL, with 1 Con, I will lose 15 * $100 = $1,500
To lose 2,080 USD I need to open 2,080 / 1,500 = 1.38 Con
Then I will put 1 Contract
If I win, I will gain (1354 - 1344) * $100 * 1 Con = $1,000
GCJ2018Absorb Bear trend for Mega Bull trend. Minor correction. Trade setup with Buy Stop position (EP) at 1335, Stop Loss (SL) at 1320 and Take Profit (TP) at 1357.
Money Management
I have 20,800 USD in my portfolio. I can lose 10% of the port which is 2,080 USD.
Position Sizing
1 Tick = $100
1 Contract size need IM = $3,850 (I can open not more than $20,800 / $3,850 = 5.40 Cons)
It is 15 Tick from EP to SL, with 1 Con, I will lose 15 * $100 = $1,500
To lose 2,080 USD I need to open 2,080 / 1,500 = 1.38 Con
Then I will put 1 Contract
If I win, I will gain (1357 - 1335) * $100 * 1 Con = $2,200
GCG2018Applied B&B Pattern. Trade setup with Buy Limit position (EP) at 1332, Stop Loss (SL) at 1322 and Take Profit (TP) at 1360.
Money Management
I have 17,800 USD in my portfolio. I can lose 10% of the port which is 1,780 USD.
Position Sizing
1 Tick = $100
1 Contract size need IM = $3,850 (I can open not more than $17,212 / $3,850 = 4.62 Cons)
It is 10 Tick from EP to SL, with 1 Con, I will lose 10 * $100 = $1,000
To lose 1,780 USD I need to open 1,780 / 1,000 = 1.78 Con
Then I will put 1 Contract
CRUDE OIL (NYMEX)B&B Pattern. Trade setup with Stop Buy position (EP) at 63.50, Stop Loss (SL) at 62.50 and Take Profit (TP) at 64.30
Money Management
I have 17,000 USD in my portfolio. I can lose 10% of the port which is 1700 USD.
Position Sizing
1 Tick = $1000
1 Contract size need IM = $2,310 (I can open not more than $17,000 / $2,310 = 7.35 Cons)
It is 1 Tick from EP to SL, with 1 Con, I will lose 1 * $1000 = $1,000
To lose 1,700 USD I need to open 1,700 / 1,000 = 1.7 Con
Then I will put 1 Contract
Weekly Gold Market Analysis January 14th 2018.COMEX Gold futures ended last week on a high note, touching a new all time high for the year at US$1,340.00 before closing at US$1,334.90.
The buying climax was obvious and bulls were determined to press forward the resistance at US1,340.00 but were unable to keep it above that level due to tepid last hour volume.
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The red line and Blue fill are Bitstamp and Bitfinex btcusd prices respectively.
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The green and red bars are Gold.
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