Monday 17 August 2009

GEPPY CHRONICLES: WORRIED ABOUT THE BEAR?..NO


As all the trades are swing/position trades, there's no need to keep you updated all the time. This week will be very interesting...as we got a bearish engulfing candle last week which could come into play?...That play is if we get a weekly close below 154.00 zone. Note that this is also the Monthly 5 EMA level so don't get too excited. Let it do it's thing and get back to it's up trend.

This is were patience plays a big part in my strategy...i will take this drop as an opportunty to load-up. The month has only began and i said at the start that when you do close your trade at the end of the month...the probability is that it will be likely towards the 170 zone.... so still expecting a bullish month.

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