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[Mr Dev]

entering first initial position in the XAU NUGT GOLD arena again . looking for a cup and handle on the 60 min to move up with 60m MA support ...even though the 60m oscillators are into their 3rd Bar Sell signal. a bit counter trend to those for the short term but with short term structural support Ma support worth a flyer.. .. just have to beware of xau daily neckline @ 90. but the daily looks like we have a low 7 days ago..with the Daily oscillators moving up for a March down trend back kiss or a possible down trend reversal at 94. as mentioned a few days ago. so on a hard down day -2.10% for the XAU and -5.54% for NUGT this entry is much better than the highs wednesday or friday of late last week. if you're trading around and you liked it then as i did ..you should like it now ..as i do with a reasonably tight stop.

Edited by Mr Dev, 28 April 2014 - 03:03 PM.