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...Dedicate this post to my Grandpa, may he R.I.P. in God's hands...
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Hi All.
There goes another month of trading, May'13, when I grew 1year older, my trading improves a lot after I implement some well-tested strategies to compliment my current setups, & also, my Grandpa's passing away near end of month. He had lived a long life of 102years, so, it was a blissful funeral, more like a gathering for the huge family he had, span over 4 generations.
I do a brief closing for the month of May'13, for FKLI, FCPO & GOLD, respectively.
Trading was muted since I last posted on the local futures, probably due to the school holiday season, plus a public holiday on Sat (June 1).
Both futures hit high mid-week & reversed to close lower for the week.
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| FKLI - Imminent Symmetrical Triangle breakout... (May 31) |
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| FCPO - Failed 2,420 resistance test, weakness signals pullback ahead (May 31) |
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GOLD, however, saw big movements the past week.
First, breaking above the 1,400 mark, hit high of 1,420 & reversed sharply (especially on Friday), to again closed back below the 1,400 mark by end-of-week.
Currently, it looks like the ascending triangle breakout sending price above 1,400 is BUSTED....as price closed below the breakout level of 1,440 & closed 1,387 for the week.
More confirmation needed however, to confirmed the failed breakout of 1,400 level. A sustained stay below the level will be enough to show that bulls aren't that enthusiastic/confident as they seemed to be earlier in the week.
We'll see to that....
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| GOLD - Fall Back Below 1,400 Level (May31) |
That put an end to May'13 trading journey....
We'll start over a new chapter tomorrow as we enter into June'13, nearing the halfway mark of Year 2013....
Hmmm...time doesn't fly....it hyper-jumps..... LOL...:p
Here's a test to check on your financial literacy....to know whether u have been utilizing ur weekends wisely all this while...haha...
http://on.mktw.net/12OAQ7
Enjoy your Sunday!! :)
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