Trading Stategi untuk Gold. Advise : Short Sell - originally posted at
www.stocksforliving.com
Trading Entry and Exit Analysis
GOLD FUTURES INDEX
Valid from : Nov 09th – 12th , 2009
Comment
USD 1.110 IN THIS WEEK!!!
It
was exciting moment to watching gold reaching all time high price level
last week. Our last trading strategy has met all targets. This week
gold has an opportunity to reaches USD 1.100 level. But we advise
traders to stand aside until that target reached. In price pattern view
gold were moving at wave 4 since last Friday (Intraday Cycle) and
forming a complex correction. This formation usually follows by
uncommitted market condition.
The high probability trading will
come by short trade above USD 1.110 level. Price may rise above USD
1.100 in this week, traders should stand aside. Look into the pink area
at the picture below. When price entering that area (The end of wave 5)
it means short trade should be taken.
(Click the picture to open the original size)
Entry Strategy
Sell
on strength when price entering USD 1.100 – 1.120 price level area.
Wait until bearish reversal pattern in smaller time frame, hourly. Use
Stochastic Slow with 8,5,5 settings for reversal identification.
Exit Strategy
Short Trade
ENTRY AT 1.120 – 1.130
TAKE PROFIT AT 1.070 – 1.08
STOP LOSS AT 1.180
Analyst Certification:
The
views expressed in this research report accurately reflect the
analyst’s personal views about any and all of the subject securities or
issuers; and no part of the research analyst’s compensation was, is,
or, will be, directly, indirectlyrelated to the specific
recommendations or views expressed in the report.
Stocksforliving Indonesia,Ltd ©2008 All
rights reserved. Except as specifically permitted, no part of this
presentation may be reproduced or distributed in any manner without the
prior written permission of Stocksforliving Indonesia,Ltd.
Analyst : Gema Merdeka Goeyardi
Stocskforliving Indonesia,Ltd
\n g...@stocksforliving.com
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