jefftan
Long

RANDGOLD : ANATOMY OF PRICES

BATS:GOLD   RANDGOLD RES LTD
233 5 0
Prices experienced a fake breakout followed by a flush which took out most traders that have longed on 25.09.2013.

A break above 73 will push price toward ML and oscillate within the confines of the blue channel

Caveats:
1) downsloping fibo 0.618
2) triangular trap
samuel.low.148
3 years ago
Looks like rangold is heading towards the pink region.
Is buying rangold a good proxy for buying spdr gold? Can you educate me as to what's the difference?
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jefftan samuel.low.148
3 years ago
It broke the sliding parallel so it seems to follow the pink region. Trade each chart according to its merit
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samuel.low.148 jefftan
3 years ago
looks like the firm break below L-MLH plus a kgb signals time to short?
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jefftan samuel.low.148
3 years ago
Very nice setup to short but practise risk management with stop above high of pin bar please. Well done in your observation. Was not observing....so many counters to look at
Reply
samuel.low.148 jefftan
3 years ago
Will do, after all I have yet to complete the course. Training my eyes as of now, not ready to take a plunge yet
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