Monday, August 20, 2012

GLD Charts

Other than the fundamental reason behind a bearish position on GLD which is a little involved, this is exactly what I look for on a head fake move.

 All 3 timeframes leading negative right at the breakout move, this is high probability, if I don't take a signal like this, then there's no signal worth taking.

 2 min trend

3 min trend.

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