Subscribe Now: Feed Icon

Khamis, 16 Februari 2012

Analysis Gold - 17 Feb 0752

GOLD (Spot) intraday: the bias remains bullish.
Update on supports and resistances. ( 17/02/2012 07:52 )



Pivot: 1716.00

Our Preference: LONG positions above 1716 with 1737 & 1742 as next targets.

Alternative scenario: The downside penetration of 1716 will call for a slide towards 1705 & 1692.

Comment: the RSI advocates for further advance.

Trend: ST Bullish; MT Bullish

Key levels Comment

1752* Horizontal resistance
1742** Intraday resistance
1737* Intraday resistance

1732 Last

1716*** Intraday pivot point
1705** Fib retracement (50%)
1692** Fib retracement (61.8%)


TIPS

Never risk more than 2-3% of the total trading forex account One important difference between a successful and an unsuccessful forex trader in forex Market is that the first is able to survive under unfavorable conditions on the forex market, while an unsuccessful forex trader will blow up his account after 5-10 unprofitable trades in the row.

Even with the same trading system 2 forex traders can get opposite results in the long run. The difference will be again in money management approach. To introduce you to money management, let's get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balance.

2 ulasan:

  1. Hello Everyone,

    Below is a list of the highest ranking FOREX brokers:
    1. Most Recommended Forex Broker
    2. eToro - $50 min. deposit.

    Here is a list of the best forex tools:
    1. ForexTrendy - Recommended Odds Software.
    2. EA Builder - Custom Indicators Autotrading.
    3. Fast FX Profit - Secret Forex Strategy.

    Hopefully these lists are helpful to you...

    BalasPadam
  2. Forex Trendy is a sophisticated program capable of recognizing the most profitable continuation chart patterns. It scans through all the charts, on all time frames and analyzes every prospective breakout.

    BalasPadam

Forex Currency Converter

Live Forex Fx Market Prices

Gold Price

Silver Price