EXITED SHORT TERM GOLD $GC_F $GLD
This gold trade illustrates that ZYX Change Method trade management guidelines work very well. We exited half the position on October 11 at $1330 at the first support. Then we lowered the stop on the rest. If gold had continued to go down, we would have kept lowering the stop. But the gold bounced back and our stop hit this morning at $1358.
The end result is a short term profitable trade that was triggered by a short term strength in US dollar.
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October 13, 2010