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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8936
Posted: Feb 22, 2010 5:00
Comments: 8936
Forum Topic:
Gold, Oil & Indices (Equity & Bond Indices)
Discuss Gold, Oil & Indices (Equity & Bond Indices)
You never ever place a stop exactly at the SR or trendline, these are always targeted for stop hunts.
You seem to do this fairly often.
Should learn next time to not place stops so close or at the trendline shown in Friday's piece.
http://www.ashraflaidi.com/products/sub01/access/?a=502
Short SP500 ESZ between 1129-1135, for limit between 1116-1123, stopped out at 1142 (high at 1144 therefore stopped out by 2 pts)
Short SP500 ESZ between 1126-1132, for limit between 1111-1118, stopped out at 1141 ((high at 1144 therefore stopped out by 3 pts).
Ashraf
Gold will come back if EU doesn't act.
Ashraf
DOJI on US Crude $CL_ Bullish for now.. need confirmation
Ashraf