Tuesday, August 23, 2011

GLD/DZZ Update

 GLD looks like it may be topping here as it tries to fill the gap.

 GLD 5 min

 Using this level as a potential stop, there's very little risk in the trade, so long as you use risk management guidelines.

 Here's DZZ on an hourly chart, it looks like it has been basing for quite sometime.

Here's a low risk alternative stop for DZZ. These low risk stops don't mean anything if they are not part of your wider outlook risk management mechanism. The low risk is what makes the trade worthwhile, make sure you are consistent with your risk management and use the lower risk as your edge.

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