CUZ MORNING GOLD TRADING IS MAKIN’ ME SLEEPY!
Seriously, trading gold today was hard; basically a crap day with a small range going nowhere fast. Take a few random minutes for some stop hunts by the dealer community, and that pretty much wraps up the day’s activity. However, there were 4 trades from the algorithm from 08:00 New York time to about Noon; after that, I’m not interested due to time constraints of the trading day combined with a very tight daily range. The odds here is that this stuff dies soon, and I don’t want to push the envelope hoping for some volatility where there is none. Directly below in successive order the day’s trades.
I’m not sure what the rest of the week is prepping for; it sure feels like today’s “death march” higher is a fake out, and I’m still looking for the retail stops below 1330 to get taken out and slaughtered; as long as we hang out here in the 1330’s with no real move higher, the likelihood of gunning for the stops becomes more real each trading day. Below 1333 during the New York day, and you have got to be really careful about being long the market because the move below 1330 could get really messy really fast; any stop you have on the downside, if it gets lumped in with the rest of the world, has the potential to get filled a lot lower than you think.
If you’ve visited the LMFX website today, you’ll notice they have made widespread changes. The PAMM pages have also been updated, but the ability to create and activate a new PAMM has not been linked yet; expect this to be done here shortly. As soon as it is ready, I’ll create our PAMM and we’ll get rolling. In any event, I’m targeting the day after Labor Day to start trading, which is 2 weeks from today.
If you are interested in participating, first you need to open a regular account, and then choose your method to fund it; opening an account takes about 2 minutes and you’ll need to verify your identity [copy of passport or drivers’ license sent via email attachment] and verify your physical address [copy of utility bill or first page of bank statement]. Once the PAMM has been created, go over to the PAMM page and choose to participate in our fund [I haven’t decided on a name yet – I’ll let you know]; money will be taken from your personal account and placed in your PAMM account, and the funds placed in the master pool, which is what I trade.
Minimum amount to start is $400, and additional deposits can be made in amounts equal to or greater than $200. There are no lockout periods, and there is 100% transparency with what I do on your behalf. All trades will be tracked by me, here on my website, as well as by LMFX in their tracking results. My incentive fee is 17% of profits, and there are no other charges or fees. It’s really a very simple process, and if you hve any questions/comments, drop me a note at firstname.lastname@example.org and I’ll get back to you ASAP with a personal response.
Have a great day everybody!
OPEN A DEMO AND/OR LIVE ACCOUNT AT THE LMFX LINK IN THE “DOWNLOAD LINKS” SECTION OF THE WEBSITE TITLED “OPEN TRADING ACCOUNT – DO IT NOW!”
OUR LMFX GOLD TRADING PAMM WILL BE READY AS SOON AS LMFX GETS THROUGH WITH UPGRADES TO ITS PAMM SOFTWARE! WE ARE VERY CLOSE; OPEN YOUR LIVE TRADING ACCOUNT TODAY, FUND IT, AND BE READY TO PARTICIPATE!