Gold

Wednesday  25 June 2014

Stopped out of half-position at price, 1314

23 Jun – Buy 1320
25 Jun – Sell 1314

Loss = $6, $600 plus $15 commission per contract

After mentioning how the recent weak reaction would
lead to a higher price, which it did, a single day of higher
prices is not what was fully expected, but that is exactly
what occurred.

The intra day failure high gave a hint that another pull-
back was likely, but the risk was close enough to await
for confirmation of the apparent failure, which happened,
or wait for a possible recovery, which did not.

The market activity was followed, and this is another
example of how nothing is 100%, even when following
proven rules.

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