Tuesday, October 4, 2011

4th Oct 2011–Falling for the silver trap again !

Buy $

Sell $

Sell Short $

Buy Back $

Stop Loss $

Profit / Losses

Duration

 

 

 

 

15.80

losses

1 day

 

79D53856Reason for Buy / Sell / Sell Short / Buy Back:

 

  1. Stop loss triggered.
  2. Intraday 20MA and 50MA lines are now acting as resistance instead of support.

 

Lesson Learnt:

 

  1. May be my stop loss was too tight. We will see whether this is true or not tomorrow.
  2. Price dropped below the 200MA line also, I just don't like this immediately after my purchase.
  3. GLD also bounced from its  daily 100MA line, so theoretically, silver will follow through.
  4.  I still cannot trade commodity like gold and silver well.

 

Intraday Chart

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Historical Chart

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