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| Monday, 18 January 2010 01:25 |
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Trading Entry and Exit Analysis
Gold
![]() Intermediate down trend has started. Short trade is safer than long. The major trend (Daily) clearly showed that trend and price may reverse following Stochastic 8,5,5 bearish reversal around wave 2 or B area. Solar Eclipse phenomenon on January 15,2010 was a reversal trigger. Intraday and swing trader must consider take short trade instead long trade. They should wait for bearish reversal in hourly time frame before consider execute a short trade.
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System ![]() ASTRONACCI © Trading System by Stocksforliving Indonesia,Ltd Momentum Bullish reversal on major time frame (daily) and bullish reversal on hourly time frame. This indicate trend may be sideways to up for the next trading hour before it starts major decline. Traders should wait a bearish reversal moment for a minimum condition to consider a short trade. Pattern Major trend pattern is forming a possible ABC correction, with current position at the end of wave 2 or B. Price Wave 2 or B corrective high may end at area 1.135-1.139. That area is a high probability price reversal target area. Traders should wait the price reaches that area with bearish reversal moment or which one faster. If a bearish reversal happened before price reaches that area, sell stop order may be executed 1 tick below the last hourly bar. Trading Advises Short Trade during hourly bearish reversal at 1.135-1.139
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Analyst Certification:
The views expressed in this research report accurately reflect the analyst’s personal views about any and all of the subject securities or issuers; and no part of the research analyst’s compensation was, is, or, will be, directly, indirectlyrelated to the specific recommendations or views expressed in the report.
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| Last Updated on Monday, 18 January 2010 02:30 |