Monday 28 November 2011

Needed an order in the system

9.40am..having observed the silver and gold price for the last 30 mins, there seems to be a 50-50% win-loss situation. A hard fight between bull and bear.
Price at the 4Hr chart for the silver is where I wanted it in the past,..a target for me to short. But given that 50-50 and the fact that price has risen to the previous high, I decided to move into the bear terrority.
Shorted gold based on the 30 mins chart. It has moved into the 'cloud' area and ADX showing bearish outlook.

Shorted 50 silver at 31.9172, potential loss = $29/-
Shorted 1 gold at 1707.52.  Potential loss = $11/- 
Today's potential loss = $40/-

Last night, did some transaction on EUR/AUD, resulting in a loss of $5/-...
Current cash balance = 358/ net =352

No comments:

Post a Comment