lets do some gold digging
Thursday, March 5, 2009
hi, today im not busy so kind of feel like doing some analysis for GU.
first lets go to the larger time frame -3hours chart. look at how the price react at the resistance zone. a touch at 1.4200 follow by an inside bar.
next, lets move to 1 hour time frame. we have a pretty nice IB setup happened just below our resistance zone 1.4200. so its a call for a short. but unfortunately it was 6am in the morning and i was still on my bed having a sweet dream. so i missed it.
last but not least, the 15 minute time frame. price had been making a nice fall from the top (1.4200). so at this moment i will definitely wait for a pullback to go with the trend. chop!, do you guys know where the trend going? -easy, juz refer back to the 3 hours time frame, you will have the idea.
so dats it for now, have a blessed trading day. roger out.
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