Thursday, 28 August 2008

It's better to miss a good trade rather than enter a bad trade!

GU:
The first support 1.8312 is 61.8% Fib from 2001.6's low to the highest. The second support 1.8021 is 23.6% from 2005.11 to the highest. The 3rd support 1.77** is a TL on the monthly chart. The 4th support 1.7428 is 50% Fib from 2001.6.
Action:
Already bought at 1.8320.

GJ:
GJ H1 is likely to close above Gann.
198.04 is 23.6% Fib of the last rise on daily chart. Buy at 198.15 with SL 197.15

UCa:
On monthly chart it's in a down channel.

this week until now: +0.803%
GU: +1.055%
UC: +0.073% (Low success rate trade. Long UC probably is not a good idea)

3 weeks ending 22 August: 19 out of 33 win. +5.5%

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