I always prefer to look at GOLD chart at the bigger time frame. It gives me a better picture. Let’s have a look at Spot GOLD (XAUUSD). Here is the Daily chart of Spot GOLD (XAUUSD). It is trading slightly below 1300 area. My immediate upside target is around the 1337ish which is also the […]
Technical view of Gold, and long term investment thoughts
In addition to spot Gold and Silver trading, I have been looking at some long-term Gold investment possibilities. The idea is to apply long-term trend following approach by holding physical Gold (or Silver), while continue short-term speculative trading of these precious metals in spot or futures markets. According to a report on Bloomberg, Gold price […]
Managing your trade :Exit strategy
I am not the inventor of this strategy. It is widely available on the internet, and I have no idea who was the originator. I have found it to be effective when using simple support/resistance methodology to manage trades. The Simple Exit Strategy This is an exit strategy using a 5-min chart, however, it […]
About the old SIMSCI trading journal
Just thought I would write a quick post here. Although I have moved to TRADERGAV.com a few years ago, I am keeping my old blog (Better Trading Blog) alive. The recent change of hosting server has caused some problems , such as loss of images etc of the old blog posts, particularly, the SIMSCI trading […]
Intraday structure of ASX200 26 Feb 2013
This is not a trade. I thought it might be helpful to post the intraday chart (5-min) of ASX200 index. If one pays enough attention to the chart, it is not too difficult to draw out the structure in terms of supply, demand zones. First of all, I assume you have the knowledge to identify […]
$GBPUSD 25 Feb 2013
Just to post a quick chart before the market gets busy again. Cable, $GBPUSD , zone around 1.5235 might provide some trading opportunity. The confluence of supply line and zone, and SR flipped zone. I am watching this level closely.
