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    • ruffryders replied May 5, 2011

      sure thing, what's the PA telling on GU is a bearish flag on M15 or M30, however to confirm that setup spike towards 6600-6620 is required, once we extend toward that area, short selling mode is full ON.

      The WoRmHoLe
    • ruffryders replied May 5, 2011

      I'm monitoring GU for a potential spike up to 6600-6620 area then indication of reversal as supp becomes resistance, then enter short and hopefully GU will get trashed until friday close. getting that pip bag ready and wide open. image

      The WoRmHoLe
    • ruffryders replied May 4, 2011

      scurt are you going to take a risk and short from 6620-6640 area with a tight SL of 20 pips? I think I'm going to start building up shorts from that area for initial TP at 6380 prolly will average out as we proceed lower from 6620-6640 reversal. ...

      The WoRmHoLe
    • ruffryders replied May 4, 2011

      image my 2 cents on deciphering PA on GU. Looks like H&S is in place on H4, need to confirm the pattern though with a retest of previous support / lets see if that becomes resistance, this in turn will be a clear indication of a bearish reversal ...

      The WoRmHoLe
    • ruffryders replied May 4, 2011

      image I was considering short selling GU, not anymore, also today was a clean signal to go long, which I ignored and went short instead, now to cover the losses, chill out and come back tomorrow.

      The WoRmHoLe