Optimus / GS / JDF & ALL-----25 May 2016 11:37
Optimus :---- don't beat yourself up too much ------ i got stopped out of Gold again for a loss of another 4 points so that's only a loss of 8 points in total .!!
Ftse100 , Dax & Dow were actually range bound and had been for quite some time --- Gold has dropped significantly because the strength of the Dollar is getting better !!!---
I wouldn't ever go by " the trade of the week " as so much can change just in one session , as we have seen to our cost !!--
The Dax. Ftse100 & Dow are all now well into intraday overbought levels on the 1 hourly so some consolidation drops will be seen soon !!!--
Mr. Beauchamp and Mr.Mahony don't publish there daily report until well after the Ftse100 & Dax have opened so that they can report the Trend --- this can be a bind some times , i know , but they will publish levels of support and resistance and they have been consistent with these levels .!!--
I read FX-Empire before the markets open at 7 o'clock to get their take on things as well --- together the two reports will give a better indication of the way markets are moving !!--
Having said all that , Explosive moves coming out of the blue like yesterday's did can upset the most balanced apple cart !!---
But losses can be minimized if res1. and supp1 levels are adhered too -----
Don't chase the markets i guess is what i'm saying -------
I just wish i had caught the Dax rise off that 9800 supp. level ( i should have really ) ---
I have got another Long order in for Gold at 1220 -- almost there ----
Shares are doing well tho' ---- swings and roundabouts again !!!
I wonder what the referendum approach will bring ?????
GL sir ----