Posted on February 12, 2012 at 8:11pm 0 Comments 0 Likes
Last week was good for me and Im looking forward to the new week. I actually took one last trade on Friday evening and that went well too, a long order.
Thing is, I know i'll be wrong once in a while, but I just can't help but marvel at golds ability to respond to price levels and the big moves following that.
Okay, here is Friday's chart. I have no open positions and I might not trade until the US session. Nice week everyone.…
ContinuePosted on February 10, 2012 at 1:08pm 3 Comments 1 Like
I have manually exited my short trade on Gold vs Dollar at the 100 support as can be seen on the chart. If we get a trigger candle I will enter long and look at 61.8 for TP and we if we get a break of the support I'll short and look for the 161.8 level for TP…
ContinuePosted on February 10, 2012 at 10:16am 0 Comments 1 Like
Yesterday the day toped out and I took a short trade at the very top and managed to bag another 180 pips. I got out at the 61.8 level. Turns out I was wrong and it seems that the instrument has broken all the lines. I am short looking at the 100 line to take my profits. My stop is just above the point where the trend line crosses the 61.8 level…
ContinuePosted on February 9, 2012 at 3:30pm 3 Comments 2 Likes
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