Private Island Traders

OK early night as promised, see you all tomorrow, D

Dow YM Dec contract, D1


Gold GC Dec contract, H4

So far YM (or ES) still has a series of higher lows:



I'm hoping for an upside breakout and I plan on selling into strength around 3100 ES. We're close to the end though so its scary to see any downside at this point. The thought of the top being in and potentially seeing a 35%+ drop from here makes me very nervous.

I agree. The top might have been set.

potentially seeing a 35%+ drop from here makes me very nervous ... this has very broad implications for the US and global economies.

Hello all, hope your well, current short trade on Gold showing +ve, the trade will be open as I see more weakness in Gold, DC, see USD/CHF now trading below the rising support, good shout, wishing you well on the trade, D

Nice to see you make some money and bonus points for the bitcoin recovery.

Having an early finish today, will catch up later, hope all your trades paying off, speak soon Guys & Gals, D

Li, cheers, going to let this play out, I could be wrong and could well pay the price but chart has 1465 as a target, that could be some fall for today but keeping it on the radar, will be closing out whatever the situation before the bell, good trading today, will speak later, either smiling or sad, just hope I'm not ,D

Done for today making a gross profit of $146. Finanly some steak instead of a bigmac menu

GOLD STRUGGLES TO STRETCH HIGHER ABOVE $1,500 ON RENEWED TRADE OPTIMISM
4 October 2019, 19:16

 

1. Trump says they have a good chance of making a deal with China.
2. US Dollar Index remains on track to finish the week below 99.
3. Wall Street's main indexes post strong gains on Friday.

After spending the majority of the day moving sideways in a tight channel above the $1,500 mark on Friday, the XAU/USD pair fluctuated sharply during the early trading hours as markets reacted to the labour market data from the United States (US).
Following a spike to a daily high of $1514, the pair dropped all the way down to $1,495 before staging a modest recovery. As of writing, the pair was trading at $1,503, losing nearly $2 on a daily basis. On the weekly chart, the pair remains on track to close in the positive territory.
Earlier today, the US Bureau of Labor Statistics announced that nonfarm payrolls (NFP) rose 136,000 in September to miss the analysts' estimate for an increase of 145,000. However, the unemployment rate dropped to its lowest level in nearly 50 years at 3.5% and allowed the Greenback to limits its losses. In fact, the US Dollar Index, which tracks the dollar's value against a basket of six major currencies, was last flat on the day at 98.90.
Risk-on flows return on latest trade headlines
On the other hand, heightened hopes of the US and China making progress in next week's trade talks made it difficult for traditional safe-haven assets to find demand in the second half of the day on Friday.
US President Donald Trump said that he saw a "very good chance" of a trade deal with China and White House economic adviser Larry Kudlow said that there could be some positive surprises coming out of next week's negotiations. Reflecting the upbeat sentiment, Wall Street's main indexes opened in the positive territory and continue to push higher with both the Nasdaq Composite and the S&P 500 adding around 1% on the day.

Great to see Li D

Thnx D!

Just hope I can post something similar with my Gold short, Phew, it's using jetsD

With trade deal rumours on the horizon i think your short will do fine

The situation is typical, if I stayed opportunist I would have been out with my moola but no, trying to be a traditionalist and keep with the possible trend, I think its a bull trap, will never know until it happens, the Dow looks like a coiled spring, think everyone is walking into every trap set, me includedD

Hope she tanks

All indicators pointing down Li and my special home made volume indicator never liesD

1490 next stop, D
EDIT
the fact it has defied gravity could spell my target, it could be epic

Dow on the way to 26700 ? was in the wrong trade D

Added to Gold short, D