Thursday, July 1, 2010

New Intermediate Term Trade - GLL

I am going to post a trade on GLL which is a double inverse of gold prices basically. As I mentioned the mutli time frame divergence before, today's break looks like it starts a new move down.

New Trade:

Buy GLL today with a market order. Blog entry is 40.75.

Place a GTC sell stop at 36.85 after entry.

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