Thursday, June 16, 2011

16th June 2011–Shorting the Yellow Metal

Buy $

Sell $

Sell Short $

Buy Back $

Stop Loss $

Profit / Losses

Duration

23.30

 

 

 

22.57

 

 

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

  1. GLD looks like topping out.
  2. Daily chart of GLD seems to be blocked by the 20MA and the trend line.

 

Lesson Learnt:

 

  1. This trade is quite risky.
  2. We need to monitor closely the behavior of UUP also. Currently UUP is still bullish.

 

Intraday Chart

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Historical Chart

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