Gold key pivot update
Posted by Cire2222 on Jul 8, 2008
A quick update on the current gold key pivot play. So far we have had our first target hit @ 917 for a gain of $1100 on the first contract. The second contract is still open, I want to lower the stop loss on that last contract to 928 ( our entry price). This gives us a worst case scenario of a $1100 gain on the trade. I see us holding support levels here and I was not happy with the lack of selling in gold with oil dropping $5 today. We are trading @ 920 right now, I want to place our second target at 915 to see if we can get our exit tagged tonight or in the morning.
Key Pivot play’s
Posted by Cire2222 on Jun 23, 2008
A couple of you have been asking me for the next key pivot play. I know there has not been one for a couple weeks but we must be patient and not force plays. Gold was so close to a key pivot set up today but fell to fast in one day for a low risk Key pivot play. Good news is, We may have a set up in the S&P soon depending on how the market trades tomorrow.
There is a Key pivot entry set up in the EUR/USD forex pair, for the entry see the chart on my last blog post below, it is a break of todays lows (1.5468) this must happen Tuesday for the trigger to be valid. I will not be playing it in typical Key pivot play fashion as I am already short based on some other set ups I have posted in the blog about. 1.5220 is a solid target on this play, 1.5120 for a more aggressive trader. I will not be tracking the Euro play in the Track record section.
Posted by Cire2222 on May 30, 2008
| Date entered | Entry | Exit 1 | Exit 2 | Original stop | Adjusted stop | P/L | Account Balance |
| 5/11/08 | n/a | n/a | n/a | n/a | n/a | n/a | $20,000 |
| 5/12/08 | (S)878.50 | 868.50* | n/a | 883.50 | 871.50* | $1700 | $21,700 |
| 5/22/08 | (S)917.00 | 909.00* | n/a | 936 | 881.00* | $4400 | $26,100 |
Key pivot update
Posted by Cire2222 on May 28, 2008
Well we got stopped on our final NQ contract. The first contract was a gain of $660 and the second a gain of $180. I would of liked to catch a bigger move but the nasdaq happened to be the strongest of the big 3 indicies. We still walk away from the trade winners!
on our Gold trade we still have the second contract open, I want to move the stop down on gold to 925, the worst we can do on this trade is break even. Second target is still open, I see some things happening with the YEN that could cause the dollar to rally hard and gold to fall fast, We don’t want to limit ourselves on gains.
USD/YEN chart
Gold key pivot play #2
Posted by Cire2222 on May 22, 2008
We got another key pivot play in gold. Act fast because we are trading right near the trigger. The trigger is at 917.00 right now we are 917.50. If you can get in at a better price go for it! I am keeping the first target really tight because of bullish signals in Euro and the monster rally in Oil.
Entry: 617.00
stop: 936.00
1st target: 909.00
2nd target: open
Key Pivot play (Gold) update
Posted by Cire2222 on May 15, 2008
Our first key pivot play in the gold market was completed today. Last night we moved our stop down to lock in profits, our original stop has not yet been hit but so far it seems that moving the stop down was the right idea. Gold had a strong day today and took out our second contract for a gain of $700 to make a total profit of $1700 for the trade. That puts the Gold Key Pivot play portfolio at $21,700. Stay tuned for more Key pivot plays, I think there may be a set up soon in the S&P market and we can kick off the S&P portfolio.
