Sunday, October 11, 2009

Review 1st week of October

  • Gold and Silver: An perfect long entry on the 15 Min Charts happened on 9.30 am on Monday the 5th October, from then the first target at 1030$ was suddenly surpassed, the price traded pretty much straight up till we hit resistance on wednesday. But a valid continuation signal confirmed with increasing ADL happend so Gold traded up to the 2nd target at around 1060$
  • S&P did not provide gave short signals at the beginning of the week so I hold on to my long positions on the Russel and Nasdaq.
  • Natural Gas and Crude Oil traded pretty much sideways, so lots of good daytrading setups occured.
  • Wheat Short did not continue on Monday, so Soybeans and Corn long was the best way to trade the grains.

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