weeeeee covered my gold shorts, was hoping for a big drop like that now have to figure out when to go long...
You? You were short gold? In light of all your nonstop commentary about how the US is doomed to fail, and that the USD was worthless, etc. And the Ron Paul stuff, metals, how gold is going to the moon... I find it difficult to believe you were short gold.
Yea... I just started actually trading and not just investing but I did think that gold needed more support for a bigger leg up, and wanted to take some quick profits before going long and holding forever. It is really tough being on the opposite side of what you believe in fundamentally and i dont really want to do that again...
I am starting to build a short position in the EUR/USD, only 4 short for now from 1.58186.......no target in mind.
HUGE WEEKLY OUTSIDE REVERSAL BAR in the making, with the FXE now trading below BOTH the 10 and 21 Day MA's. A 38.2% correction would take you below the 40 day MA and down to 154.xx