3309 Drysdale Ct
Edwardsville, IL 62025
Rules for Friday/Monday Gold Trade
1. gold must be in a weekly uptrend (it is)
2. buy gold or gld on thursday's close
3. stop is a move below the range of last 10 trading days...
4. if gold is lower on friday's close, sell
5. if profitable, sell 1/3 at close on friday, sell 1/3 on moday's open, sell last 1/3 on trailing stop or on monday's close
there is a chart of the profit distribution by month...it appears we're in "prime time"
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Friday/Monday Gold Trade
Posted by 8899 on 7th of Sep 2011 at 05:40 pm
Rules for Friday/Monday Gold Trade
1. gold must be in a weekly uptrend (it is)
2. buy gold or gld on thursday's close
3. stop is a move below the range of last 10 trading days...
4. if gold is lower on friday's close, sell
5. if profitable, sell 1/3 at close on friday, sell 1/3 on moday's open, sell last 1/3 on trailing stop or on monday's close
there is a chart of the profit distribution by month...it appears we're in "prime time"