Plan to long $gold for the mid and long term. But may trade short for few days

I was meaning to update the gold chart with Elliott wave count.

It feels like the sudden surge to $1170 is already a past after the market got scared with Goldman Sachs news.

But as in this daily chart, I am waiting the right time to buy for the mid and long term.

But only for the few days, I will probably on the sell side. I have not decided if it is worth trading yet, but if the price crawls up to the trend line resistance, or where I marked as purple .B in this 60min chart, I will consider initiating and holding a short position along the purple arrow towards purple .C before buying gold.

Leave a Reply




You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Real time trading tweets

The plan in the article may get rejected any time, so please check out my tweets on Twitter.

Current risk exposure:

Rational Move always use stop loss orders, and this is the worse case potential loss over the capital for the currently open positions. This is unrealized loss is less or equal to the risk exposure.

Capital growth

From recent 100 trades (%) The growth right before the 1st trade is set to 0%.
About this graph


From recent 100 trades (%)
About this graph

Total returns

Since inception
(Aug 10, 2009)
Year-to-date Quarter-to-date
0% 0% 0%
This is a normalized value: the return on each trade is normalized against the capital just before the trade execution. This way, it is eliminating the effect by the capital change from deposits and withdrawals. The calculation thus reflects the trading performance of each trade. The value does not contain unrealized profits and losses. RM's trading strategy never risks more than 5% of the present capital. Not including subtraction by tax.

Article categories


July 2019
« Jun