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Tuesday, January 10, 2012

book profits

Morning all
Looking at our trades GOLD at the present time is sitting around 1622.. I will be looking to book my profit on Gold at 1624 as I do believe that 1625 is the Usual run up and then tape off.
If its to run even more then that's fine I am happy with my profit.

As for our market long well I think the 1285 is the magnet and so as its traded through the 1282 level that's obvious, the question is you need to ask is will it continue or will it pull back.

Anyway my trailing stop is now sitting at 1275 and my target is 1288 to 1291..
It depends on the dynamics of the market if I am to cut my position, will update later.

To the Students of Financial Astrology.
As you will have noticed by now that the Uran Trine moons are very powerful.
So much so that they do overpower any negative middle range aspects like VC .
Now tomorrow there isn't much astrology about so use caution or technicals.
But Thursday once again we have a negative VC but a positive cluster of positive kicking in also .
One needs to trade accordingly as the VC does have merit this time but the positives will bounce the market right back.

Hope the above assists you in your planning.

Cheers 

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