06 December 2011

Copper : Initiated Short

  • Saxo account better funded now so normal service resumes. Taking myself off Saxo beta today. Will forever be mindful not to leave unnecessary buffer in account from now on.
  • Monthly : Uptrend over. Current rally = pullback of Sep11's fierce trend reversal candle.
  • Weekly : Could we be forming 3rd leg of a triangle consolidation? If so, nearing sell zone. Trend is down here on weekly chart.
  • Trade : Initiated short HGH2 @ 355 today.
  • [Shanghai Composite getting very close to 2320 critical support today] 
  •  [Addendum : 08Dec11 - 2nd chart above from the Big Picture]

2 comments:

Anonymous said...

Hey TS, does Saxo have continuous futures charts (as in your post) or are you using some other charting package? A big shortcoming of my current platform (IG Markets) is that they only provide charts for current futures contracts. Which are useless for charting more than 1 month.
Thanks.
Pandu

Taichiseal said...

Yes continuous futures charts from Saxo.