I've had it, after weeks of suffering I got out at mid-day today at almost break even after four weeks of going down. I think Au might roll over again.
Other factor that influenced my sell today was I needed the money for another purpose short term so rather be safe than sorry.
Last edited by InflationNation; 05-29-2012 at 03:44 PM.
GOLD Stil prefer a move to 1537 and eventually to 1508 then a bounce
GOLD on 30 mins and a vivid 30 mins to illustrate the price action.. Was expecting a drop under to the supp around the lows for a final touch of a 1536-38.. Anyways impact of the price on the news is to be short lived and a 1557-58 halt on the price action possibly to revert the price back to the lower side..
Looking back and may not see 1557 perhaps..
GL..
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
earlier buys out at entry, holding buy and possibly adding more
I try to shy away from this beast but couldn't help myself out here.. 88.15 is popping in as a major weekly supp.......
I see a drop of 88.50 min for as long it is staying under the blue TL.. bigger tgts are much lower on it..
Again I have not been following it, but if I have to possibly 88.50 is the spot I may gather strength to hit it to the long side..
As of now Gold shorts are doing wonder and did happen to cash some out on the 1555.7 shorts.. 1545 is supp and I want it to break for a 1537 play...
GL..
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
I try to shy away from this beast but couldn't help myself out here.. 88.15 is popping in as a major weekly supp.......
I see a drop of 88.50 min for as long it is staying under the blue TL.. bigger tgts are much lower on it..
Again I have not been following it, but if I have to possibly 88.50 is the spot I may gather strength to hit it to the long side..
As of now Gold shorts are doing wonder and did happen to cash some out on the 1555.7 shorts.. 1545 is supp and I want it to break for a 1537 play...
GL..
Hello stryker, placed another buy limit crude 89.17, really should retrace from these levels, but recently metals and oils really getting hammered
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