21 May 2010

Gold : Guess Re-entry Below 1226 = Danger

  • Extreme pain in left leg when sitting down. Either kneeling in front of screen or standing up. Short post here.
  • Anatomy of a trading mistake : 1226 was previous all time high. Broken and re-entry = warning signal for bulls. I was too hung up on using Gold as my Risk Off proxy against mainly short USD/CAD for Risk On. Died on both sides = price paid for ignoring warning sign.
  • Unwound most of positions now. Still have some remnant. Not a good 2 days for me, not just trading wise.

2 comments:

Financial Journalist said...

Have you exited your sell EURUSD trade? If not, may I know where is your stop?

Taichiseal said...

Out at 1.2400 last night.