Subscribers are well aware that I have called an interim low in the markets and am looking for a reversal of recent falls to unfold over the coming months. This shift of momentum, from short to long, is causing us a little grief on the US side of the ledge as we stay with shorts. One would argue that we should be looking at longs, but there are none to be had at this stage and secondly I may well be wrong with my market assessment.
Some new shorts were added on Friday, but we got caught in the opening gap down only to see prices reverse sharply through the session. OMG showed us another outside day – never fun, but it happens.
Trades executed on Friday:
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The account has given back some profits over the last few weeks. Needless to say we have a full 12-months of trading ahead which should offer some sustained trends to help our cause.
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