Slope of Hope Blog Posts

Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.

Impatient with Gold

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I came into the day with 94 short positions, the two largest of which were FXE (the EUR/USD, basically) and GLD (gold). I covered the FXE at a loss, but the profit on GLD was over three times the FXE loss. Better still, it looked like gold was going to have a fantastic down day, since it was deep red in spite of the amazing EUR/USD strength. Sadly, I’ve gone ahead and covered (still with a solid profit) since it failed to break yesterday’s low. I confess I’m getting a bit impatient with this move. My target is shown as the red dotted line. (more…)