Tuesday 22 November 2011

Being Flexible

2pm.
The 30 mins chart for gold show a very very tight squeeze.. like it's going to burst up/down anytime.
The 4Hr chart shows a toppish , which is why I shorted 50 lots earlier based on the 4 Hrly chart.
But I have since been uncomfortable... maybe it's my love for gold and silver which made me on the long side.

Rightly or wrongly, based on gut feel , and not taking into consideration the TA at 4Hr,..I closed off my 50 short on silver at loss and reverse my trade. Longing it this time.

Reverse to Long Silver at 32.6477.. crossing toes and fingers.  SL at 32.3529

Current cash position  273, net 269. Sigh!

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