339 | +2.298% | 2 Setups
Very Late Thursday Trading Session (starting late afternoon (shortly before UK session)Â
Currency Data:
- Positive: EUR, AUD
- Negative: JPY, USD
- Pair(s) to Watch: AUDJPYÂ (Buy), EURUSD(Buy)
- Asia Session Events: Trade Balance [AUD], Leading Economic Index [JPY]
15:27 Buy GOLD
16:25 still keep scaling in on the GOLD Trade as there is a nice channel been build
the SwingFish website is somewhat broke .. (it does not show life status and the blog menu is not working, will fix that while gold is messing with my trades)
16:57 Hermes (the helpful Buerocrat in our Chatrooms) just informed me about a High volume event for the European Union.
this may mainly move the EURO, but will have an impact on the USDollar, and the dollar impact will affect the GOLD price.
in short: it’s not a good time to mess around in about 3 minutes.
17:22 the news impact was pretty much non-existent.
however GOLD not managed a Higher high. I may exit this trade early.
17:54 despite the dollar gaining strength, a target for GOLD in the 1303 area does not look like totally out of the question. however, time may play a role in that too since there are junctions of serval channels coming together.
18:21 placing a manual hedge order at 1298.55 for the Gold Trade, as the dollar starts to pick up some momentum, plus we are at some minor resistance, this can turn very fast. (i may close if the price goes again to the resistance and bounces back down.
(no point to force the hedge)
19:04 Buying AUDJPY (this trade may take longer than the stream)
19:16 closing AUDJPY (probably need the margin in a moment since GOLD makes some very strange moves)
19:36 as expected, the dollar went positive, putting gold in a tricky situation. scaling in on GOLD buy another 20% once we hit the vWap.
19:57 closing all GOLD Trades on the old resistance line (which is higher now as it slopes up)
the original target of 1303.6 is still in play .. but ill call it a day now.
Total Today: +2.298%
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