Monday, February 6, 2012

Gold: Short

Here, is the gold short I took. 



Follow up:

I had a stop at 15.49 (which was filled at 15.50.)   GLL eventually fell to $14.75 before making a major move upwards.    Had my entry been better, I may have been able to ride this out, but it confirms that my stop was appropriate  despite the subsequent rally.

2 comments:

  1. Gold falling caused me to enter the trade premature. I did not check the indicators, which would have shown that there was still room left in the move, even if my theory is correct.

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  2. Feb 7. Gold closed up 24 points. Still in the trade as my stop was .02 from the low in GLL

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