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Commodity Trading Discussion Forum

Friday day trading - a near miss

Posted By: stewball
Date: Saturday, 10 May 2008, at 8:56 a.m.

Sold 1 mini-gold on confirmation of reversal bar ( 30 min chart ) @ 881.0 9:13 am, target - limit buy order 870.5, buy stop @ 891.7. Promptly dropped to 870.8, retraced to 876.3 by 9:28. proceeded up to 885.9.
Definitely had the market bracketed, haven't accomplished nothing yet - will see what mon. brings.
Looking for sharp selloff mon and/or tues in metals, euro, soybeans, soy oil, not sure about corn - fundamentals and charts both still very bullish.

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