Saturday, November 5, 2011

05th Nov 2011–We sell GoLD !

Buy $

Sell $

Sell Short $

Buy Back $

Stop Loss $

Profit / Losses

Duration

16.10

 

 

 

15.10

 

 

 

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

 

  1. Daily chart shows that GLL hit the bottom part of trend line.
  2. Daily chart of GLD shows that it hit on the upper part of trend line.

 

Lesson Learnt:

 

  1. Entry point sucks. I should have know that GLD is still strong and I should have waited for my entry patiently.
  2. This is quite a dangerous take.

 

Intraday Chart

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Historical Chart

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