Trading Strategy

1. Draw a trend line: daily chart to determine the trend whether is uptrend or downtrend (Draw from bottom to bottom or vice verse) and also a horizontal line to watch out a breakout(This strategy like reflexivity from George Soros).
2. Please do remember to lock your PROFIT before you get lose. Always follow the rule & discipline.
3. Money management is the most important for double or triple up your profit.
4. Don't get lost emotion while you in losing or winning. Must always remember where are you and what should you do in this situation. Let the profit keep running or cut lost.

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Thursday, September 18, 2008

Gold Sep08

1st lower = 638
2nd lower = 408

Highest = 1032

So, gold will rebound on 756 or 595? Is it now gold rebounding or is a fake signal? If base from current volume, i don't think gold can support long for this level.
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