Trading News

Posted on October 29, 2011 at 10:31 AM

Happy Friday
It is fabulous Friday again and I have a suspicion the figures out of the US will cause a few jitters. I like the gold to get to $1300 shortly. It is having a real go at the previous high and has some days of momentum.



Posted on October 29, 2011 at 10:18 AM

GBP/USD trade
The light position that I took on the GBP/USD went against me by nearly 200 pips. This is a relatively light position but still more than the maximum 5% risk of equity that I advocate.


Daily Market Analysis

Posted on October 29, 2011 at 10:13 AM

Daily Analysis
The picture is a bit murky at the start of this week.  

Looking at the graph I see,

The gold is struggling to maintain an upward trend.


Gold Trend

Posted on October 29, 2011 at 10:10 AM

Still on Gold
The gold is good to trade if you are in light positions. The volatility can give you very fine profits.  

I have held on to my trade of early August and lifted the S/L a little to protect a little profit.


Gold Market Analysis

Posted on October 29, 2011 at 9:49 AM

Gold Behaving
Back from being AWOL.  

You have not heard from me lately but I am back with so many announcements that it may take weeks to pass them on.  

In the meantime the markets are bubbling along.


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