Bullish Bat on Gold

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Bullish Bat on Gold

October 19, 2010 by TradingBabe

Hi Traders,

Wow – Gold down $40 on the day!! Personally I think it’s just profit taking.

I’m seeing a bullish Bat pattern in both the 1 hour and 4 hour charts.

Gold

Please note that my blogs are only an expression of what I think and am currently trading and/or contemplating trading – they are not for investment advise nor trading tips. Please remember to do your own analysis and / or research.

Keeping it real.

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on October 20, 2010 at 8:48 pm | Reply Bullish Silver Gartley « Tradingbabe's Blog

[...] For those of you that took yesterday’s trade -long Gold you’ll be smiling today. Bullish Bat on Gold [...]

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About

I worked on the trading floor as a Structurer, for various major Investment Banks for over 10 years, where I learnt how the markets operate from the inside. About 7 years ago , I trained and mentored under several great traders, who introduced me to technical analysis. The market I prefer trading in is the Forex market, reason being it is a 24 hour market, and you cannot argue with $11 trillion liquidity. I day trade and have what I refer to as my "position portfolio", where I place my longer term trades. I also look at the Stock markets, and when the set-ups are there I do trade them, but on a more longer time frame basis.
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