Thursday, August 18, 2011

18th Aug 2011–Let’s rob GoLD!

Buy $

Sell $

Sell Short $

Buy Back $

Stop Loss $

Profit / Losses

Duration

 

 

170.00

 

179.00

 

 

 

imagesReason for Buy / Sell / Sell Short / Buy Back:

 

  1. Intraday chart start to show weakness.
  2. 2 high volume sell shows up in the daily chart.
  3. MACD is in high overbought territory.
  4. Intraday MACD shows that it started to sink.

 

Lesson Learnt:

 

  1. My entry point is again not good. I should have been more patient and see how things react at the 20MA lines. This is a strong yellow metal, price will always try to go up.
  2. Be careful, if market turn sour, this yellow metal will rally again. Stay alert with the movement of UUP also.

 

Intraday Chart

clip_image001

 

Historical Chart

clip_image002

 

clip_image003

No comments:

Post a Comment