Trend Follower: Gold New Highs

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Monday, July 18, 2011

Gold New Highs

When most TA Gurus forecasted the Gold will fall on the first week of July it went the opposite on July 11 US time and LCB went up bigtime on the same day. Now Gold broke the psychological barrier of 1600, will Phil. mining stock do the same? Lets see what the price will tell us.

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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.

Monday, July 18, 2011

Gold New Highs

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