60 min Flow in International Commodities.

[beethoven]

Yesterday big gap up and today big gap down. Normally such behaviour is at the extremes of the range. Has Gold peaked??!!!

Some thoughts.

Trade carefully

Bee

 

[santhosh44]

rishi, reversed to short??

 

[Prabhjeet]

Hope everyone is Short at Yesterday's low- filter

 

[Prabhjeet]

Where is the edit link, I meant to say yesterday's 10 pm bar low - filter

 

[rishig38]

Hope everyone is Short at Yesterday's low- filter

prabhjeet we opened below the yesterday's low - filter....now what to do? many of us are still long...

 

[santhosh44]

Where is the edit link, I meant to say yesterday's 10 pm bar low - filter

prabh, you already reversed to short? ur filter < 35 ?

 

[Prabhjeet]

Yes Rishi pretty sharp downmove, I have sold half at CMP and will wait for any pull back to sell second half, though looks unlikely we get a good pullback

 

[Prabhjeet]

prabh, you already reversed to short? ur filter < 35 ?

I think Santosh any sort of filter has been taken out

 

[FlowTrader]

Hello

Can someone post a chart for gold maybe mcx april contract .

Regards
PK

 

[rishig38]

I think Santosh any sort of filter has been taken out

Prabhjeet, we opened below any sort of filter that could have saved us...now my suggestion is either go with the previous PL or just wait for this bar to finish and put a stop below this current hourly bar...

this is a very unique situation in gold and i havent encountered a gap down opening below the sar for almost 2-3 months now....so Saint's guidance on this topic would be welcome....