Sunday, April 24, 2011

Gold on 25-Apr-2011 (Mon)

I started the Gold forecast after team up with BCD for weekly e-Tutorial submission.
We observe growth in each other, we bring home some happy profit from the weekly session, most importantly, we observe each other have the growing interest, and faith, and confidence in themselves, for successful trading.

Even with a 60$ winning probability, an intelligent person can go broke without a risk protection, without position sizing strategy.

Let master Heng Cheong shows how does a complete trading setup can bring trader consistent profit at TTDI, Kuala Lumpur today, 2pm (GMT+8).
Refer to Ayumi Upcoming Events Page
Link 2: FB: Trader ProMaster Trading Course PREVIEW

Gold on 25-Apr-2011 (Mon)

Going to be a quiet Easter Monday... Collected any colorful eggs?

4 Hour chart: Gold consistently rebound at EMA50 + Effective Fibonacci retracement level near 50% during this uptrend.

Therefore, I prefer to enter Long at 1490, but, if Gold dip down further and break my SL,
I will look for Long again from 1471 - previous top of 1476.

Expect the fall to happen from Monday - Thursday, then consolidation, this Long position shall hold for 5 - 7 days for target exit 1530.

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