Short Gold, Bear Wedge

22 Ara 2018

Expecting small correction in gold, ~2-4%. Same pattern on GC1!. I'd expect this pattern to resolve before the end of January.

GLD has pretty liquid options!

27 Ara 2018

İşlem kapandı: durdurma seviyesi

Stopped out; using stops with options might be tricky to do without always getting stopped out. This kind of move against me is pretty standard for wedge plays. Still figuring risk management out.

28 Ara 2018

İşlem aktif

Opened position again at a lower price.

31 Ara 2018

İşlem elle kapatılmış

I am now a disciple of the church of the Ichimoku cloud, and it is bullish. I think I should stop following a single pattern irrespective of anything else.