Trading Daze: Note on Recent Trade

Thursday, November 8, 2012

As the SP is not advancing into the Nov 9 date I am out of the trade which was looking for an advance then a hard down.

Bought Gold intra day today.

UnknownNovember 8, 2012 at 5:21 PM
It looks like the cycle reversed. Now I am expecting a bottom on Nov 9th and then rally.
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tradingdazeNovember 9, 2012 at 5:20 AM
That looks about right.
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beetlejuiceNovember 11, 2012 at 10:10 PM
Umm I thought the S&P only had to go up into the 9th which it did. So isn't the pattern still viable?
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tradingdazeNovember 12, 2012 at 5:22 PM
From the Nov 4 post.
"Note, if the market is not going up into Nov 9th then this trade is void." I wanted to see the market going up into Nov 9th not just going up on Nov 9. It was extremely negative on Nov 7 and 8th and I therefore did not make the trade.
I did get into a quick in and out Gold trade but I'm now looking at Gold going lower.

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