TCM Gold, 17 May 2012

TCM Gold,  17 May 2012

Bears vs Bulls  : 

Bears strength    =  61% 

Bulls  Strength    =  39%

Bears has won the battle for 3 days, the Bears strength was getting slowly. It's time for the Bulls to fight back. Today Bulls was confirmation in level 1543 toz. Prediction Market Gold will repeat the story 16 Dec 2011.  Bulls the stage is yours now !!!

European Market Outlook : 
$FTSE       (Bears Exhausted)
$INDU      (Bears Exhausted)
$CAC        (Bears Exhausted)   
$DAX        (Bears Exhausted)
$SPX         (Bears Exhausted)
$COMPQ (Bears Strength)

Prediction Candlestick Puzzle : Long Body with Short Tail

Trading  Plan TCM :

R3 = 1559.00 (+19.11)
R2 = 1555.60 (+15.71)
R1 = 1543.95 (+4.06)
P   = 1539.89 ;
S1 = 1529.60 (-10.29) ;
S2 = 1522.10 (-17.79);
S3 = 1511.05 (-28.84).

There's 3 Scenario  :

1. Open to Low

2. Low to High
3. High to Closed

The Strategies :

1. GTC Shotsell / Buy Liquid            = 1539 / 1537 (+2)
1. GTC Buy / Sell Liquid                    = 1538 / 1562 (+ 22)

2. GTC Shortsell / Buy Liquid          = 1562 / 1559 (+3)

Stop Loss +/- 3 poin from the High Tail.

Trading Cash Machine
by Smart Investor

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