Trend Follower: Pure Gold 2

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Friday, August 19, 2011

Pure Gold 2

Wow! Gold reach 1880 area, looks Like it will test the 2000 area. Good for our favorite LC/B.

Let's see price action confirm it this Monday.

Gold Mining stocks had a good foreign buying last Friday. Also, note worthy, the uptrend in our Blue chips from August 10 2011crashed. BPI, TEL MER PCOR etc. despite a bearish market.

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Tracer's Trading Rules

1. No Set up, No Trade

2. Plan your stops before entering a trade

3. Let you profits run

4. Never argue with the tape

5. As soon as your price move in your favor, increase you stops.

6. Always be on the look-out for danger signals.

7. In a losing streak, take a vacation.

8. In a winning streak, add more.

9. 3 rules you must always follow, 1. cut-losses, 2. cut losses and rule number 3. cut losses.

10. I do not have targets.

11. Keep Learning. The market is constantly changing. No strategy works forever.

By following these rules, you have limited risk and unlimited profit potential.

Friday, August 19, 2011

Pure Gold 2

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