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- markup replied Apr 22, 2013
Gold still looks like it might go higher but i choose to wait instead The way in which price is raising doesn't show much strenght behind this move but on the other hand its hard to say we reached the top of this possible retracement. Its better ...
- markup replied Apr 12, 2013
I agree about the longterm view but i can't seem to grasp how did you come to conclusion that bears are in control while clearly price is reacting strongly to the demand zone. Easier case would be to play the breakout and retast of that zone. On the ...
- markup replied Apr 12, 2013
Dadas, I cant see any signs of pending down breakout there. In hindsight its easy to tell that it would work but in all honesty price had to break demand area before one could say shorts are on the play.
- markup replied Apr 12, 2013
Hi Dadas, Why didn't you take profits when price reached strong demand area for the first time? Price was flagging and it was risky to keep it open while it was heading back to your entry. IMO the PA showed better long then short opportunity.
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