i think same goes to GU n GY later. We need a good indication before entry.. so we will wait. Being a full time Daily chart trader require a lot of patient and courage.ohhh dont forget your head level..maintain 2-3% of capital risk per trade (MM)
trade update 21/10/09
Gold - sell- currently stood at 960 pips - lock +300pips
Posts
2 comments:
Very good patience to be a success.
October 21, 2009 at 8:34 AMAnother advice, manage the drawdown and the profits will take care of themselves for you.
Lots of much juicy consolidation action on EURJPY daily @ resistance, just aching to reach up to 138.00 Whichever way it goes from here will be good moving quickly.
It is all about USD and QE.
Is Fed willing to keep printing or making reverse repo.
If it keeps up the print, oil going to $100 and make a sting in the pocket of Americans. This will make the Fed then strengthen the dollar and the risk trade to deflate.
Fed does not like
1) deflation
2)big inflation expectaion (TIPS)
3)Wall St friends to become poor
4)Angry social mood (high gas price and high interest rate)
That is what makes the Fed do what it does.
Hi ,
October 25, 2009 at 4:23 AMI like your blog.
Let me send you my 2 cents.
SPX 500 - Monthly - " Follow Trend "
I use some indicators that I created, but I like to follow the traditional indicators.
Important to follow market and follow trend.
Follow the trend is have the opportunity to make money more easily. And that's what all the trades want.
This chart is one of my preferred to see the long term.
With a week over a monthly closing, we have only 50% of bullish signal.
For a bull market I need to see:
1 - Close > Moving Average;
2 - RTS Indicator -> Black line > yellow zone.
http://followmarketrend.blogspot...llow- trend.html
SPX - Road Map " Bullish Scenario"
http://followmarketrend.blogspot...h- scenario.html
SPX500 - Weekly Update
**************** Advise ********************
Build short positions > 1080
Fisrt Target [1005,1020] 70%
Secound Target [975,980] 30%
********************************************
Indicator didn`t follow price.
Testing this week again trend Medium vs Long Term.
Market Losing Momentum.
Possible bearish divergence but need confirmation.
http:// followmarketrend.blogspot...divergence.html
Nice weekend for all
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