The reason for the profit booking is that I strongly believe once the US traders wake up and see the market down so much.
The first think they will be likely to do is buy the gap down.
It's sound money management to book and reassess the market before entering again.
There is no positive aspect this morning as some people have asked but we are looking to make money and at the present time money on the table before an important number is silly.
Why throw a profit away, no need for it ..
Yes while home runs are great making money longer term is to do it slow and steady.
Home hit runners do get striked out also .
With Gold and Silver also thinking they could bounce to 1655 before another move down but please look at your work on it .
Cheers
The first think they will be likely to do is buy the gap down.
It's sound money management to book and reassess the market before entering again.
There is no positive aspect this morning as some people have asked but we are looking to make money and at the present time money on the table before an important number is silly.
Why throw a profit away, no need for it ..
Yes while home runs are great making money longer term is to do it slow and steady.
Home hit runners do get striked out also .
With Gold and Silver also thinking they could bounce to 1655 before another move down but please look at your work on it .
Cheers
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