abx

abx long 37.50
trend change for gold i think.
large size on this

stop , 2/26's low of the day. whatever its going to be .

 

add 1/3 more position on ABX 37.65
good position on this.
lets watch what happens.


1% risk on the add
.70% risk on the initial position.

Also long gold. 1110

 

hold.


waiting to add
1/7th position every other selll period

 

ADD 1/7th ABX
39.75 on all accounts,

220k+ position.

 

39.50 would be the right add
I added way too early.
but insignificant in the big picture.

 

Q: Am I expecting resistance to hold on the upside?

There wouldn't be time for resistance.
Most traders would short here.
Very wrong.

ADD ADD ADD

 

hold. $40.20

Tomorrow abx will stall,( not move in price)

 

ADD 1/7th 40.03

 

ADD 1/8th 39.60


---
1) 1% down on the last 1/7th add.


2) I'm using the markets money to build my position, current position size = 2x the size of initial entry.

3) If it moves in my favour, we are in large money with low risk,
if not, I don't lose money either.

 

ABX 40.50 , hold
280k pos


abx should go up next 2 days.
Sit back and enjoy the ride.
Will continue to buy!
I would like a 400-500k position on this.
Will take a week or so