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Tuesday, November 14, 2006

XAG/USD


I am currently hitched on Silver/USD, I was short 100 units at 12.5500 and , another short of 500 units 12.8650. I am on the red with the former by 2,650 pips, while I am black by 500 pips on the later. My take profits for both of this trade is 11.940, which is around halfway from the previous high of around 13.300 last September 3, and its lowest which was 10.490 last September 14. I am looking for a repeat....hoping it will reach TP before Friday.... or anyday next week so long as it wont hit my margin call.

I don't trade as frequently as before. I wait for weeks for a best set up - and I hope I am right on this one.

If not....trade another day.