Saturday, November 10, 2018

Trade for Nov 9 2018 -- Gold

Bought 3 contracts of gold (CGZ18) at 1209.6. Subsequently rallied to 1222 and I raised stop to 1219.9. Price then dropped, and was stopped out at 1219.9. Profit of $90. Price dropped to 1207 and is now (Nov 10) at 1209. P/L on futures Since Sept 1 is now $2,894.50. 

The zone I identified was not that strong, with four bases. While a lower probability trade, I think was still worth the try, but I had to closely watch price movement and manage my stop. Now that gold is at lower prices, will look carefully for a nice demand zone over the weekend. 


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