Thursday 15 December 2011

Friday's analysis

9.15am..
Guess it a start of the new me again - having blew (again ?!?!?!) my account down to mere 100+ from previous high of 400+...

Restart my 'engine' with this analysis and see how it goes.

Daily
USD/CAD : Short trade ONLY
Price above EMA34, but CCI, Stochastic pointing downwards. Once EMA34 is broken..to go short at higher volume. Now wait and see.

GBP/USD - Long ONLY
Doji sighted 3 days ago, yesterday was green. Resistent at 1.55395... , strong resistent at 1.57598. Go small long once first resistant is hit.

4Hr
Gold - Long ONLY
At 4 hour chart, gold seems to be coiling up for an upstring.  Since I have already 2 long lots,..now  showing a loss of $30/- will leave it alone and not cut the losses. To buy one more at appropriate time, since it has broken out the resistant at 4Hr
SL to set at 1553.39

Silver - Long Only
SL at 27.939
4Hr chart, indicators showing positive uptrend..Broken resistant. It should be a small risk trade till US session.

Cash 153, Net 115

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