Putting it all together…
Pretty much how I’ll be playing gold approaching all-time highs. I personally have my profit limits at 1895 (a Stan Weinstein trick to put the profit limit just below a round number).
Just didn’t decide if I take all off the table or 50%… And then reenter when we hit pullback to 6 month moving average, right now sitting at 1577 (and rising).
Edit: Note I’m playing futures… and with current contango situation.. could reach targets BEFORE spot.
Love your work Patrick, Glad you are making these videos that we can learn a bit more about the thought process behind the charts.
Subscribed!
Very nice for you to say! Yeah.. me talking my thinking through helps.. I often get lost in my own writtens words. Thanks for watching!