Gold prices tumbled in active trading today, with the most active February 2021 Comex contract trading to a low of $1828 before recovering. As of 5:04 PM EST gold futures are currently fixed at $1842.90 after factoring in a net decline of $32 (-1.71%).
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As we quickly approach the holiday season, for many Americans it will not be a time for celebration, but a time of revocation. This as the aid keeping working families in their homes thanks to the promise the U.S.
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With our timely trade alerts sent via e-mail and text message (SMS), you won't miss an opportunity to make a trade. Moreover, these alerts will eliminate having to constantly monitor the markets and your trades.
We offer Trade Alerts for Gold Futures (GC), XAUUSD (forex), Silver Futures (SI), XAGUSD.
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Money Managment
Money management is an essential component of a successful trading strategy. We use stops to define risk, and maximize profits.
- Stops limit loss exposure to a redefined amount & lock in profits by trailing them tighter when a trade moves favorably
- Defines risk and reward, thereby removing any emotional influences.
Example trade alert sequence:
07/30/24, 03:42 PM UTC: GCZ4 December Gold - buy at market (current price 2429). Place GTC stop @ 2418.
07/30/24, 06:04 PM UTC: GCZ4 raise GTC stop to 2434.
07/31/24, 02:06 PM UTC: GCZ4 place GTC sell limit (take profit) @ 2491. Raise GTC stop to 2453.
07/31/24, 07:22 PM UTC: GCZ4 raise GTC stop to 2468.
07/31/24, 07:38 PM UTC: GCZ4 limit order sell (take profit) filled at 2491. Trade summary: In @ 2429, out @ 2491 for a profit of $6200 per COMEX contract.
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Gary is one of the most skilled technicians I have met during my time covering the markets. Dedicated, reputable and skilled…
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Based in Honolulu, Hawaii, our company is comprised of a dedicated group of trading, technology, and finance professionals who apply their experience, teamwork and innovation towards a common goal - helping traders succeed.
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Trading System
The system that we use for trade recommendations is a hybrid method in which we combine fundamental data with three primary technical studies. We look at fundamental data for the "big" picture, which we weave into our technical studies. These studies help us identify key pivot points. They also provide us with the timing for entrance and exits of trades, as well as stop placements.
The three technical methods we combine are Japanese Candlesticks, Elliot wave theory and Fibonacci retracement.
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