Gold plummeted today, profiting our short gold position. Gold fell over $22 per ounce to close at $1515.30.
We had three new positions this evening; these are shown in Posts earlier today. Two of those new positions have already been exited via stops, and they are already documented as closed positions below. They were to go short the Aussie Dollar and go short Silver.
Tomorrow, Market on Open, exit Natural Gas and exit the Coffee ETF.
New Signal: Go LONG Heating Oil: Market On Open. Symbols: HOM11 and UHN. Record: 47 wins out of 53 trades for 89%. Entry price: 314.01 with a stop at 310.43.
Our Active and Closed Out Positions Appear in the Table Below:
Notice that the coffee futures made money, and the cotton ETF lost money. Same signal; however, the difference was due to timing of the markets. They open and close at different times. While this difference tends to be insignificant for longer-term trades, it can be very significant for short-duration trades.
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