Thursday, 1 December 2011

Closed all position

5pm
Gold price fell slightly and instead of staring at it as it moved up and down, decided to cut my losses. Sold at 1743.72, loss $14/- . TA indicates prices may fall further, but who knows ? I am really scare of the US session. At the current moment, px of gold falls further. I would hv lost less, but then again,.. nevermind,.. will live with that .

Today's focus will be on Eur/Aus, mainly Long. Closed all the 4K order at small profit of about $4/- as it has reached the resistant level. I will review the whole situation again at 8 pm,.. in 3 hours time. Needed Europe to stablise a little for a clearer trend.

Cash balance 410. 0 outstanding.

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