Few days back one of us asked me to give a chart on Gold. I had given him the chart; unfortunately prices hugged the stop loss level and immediately reversed and achieved the target today. It is my bad habit to keep the stop loss very conservative, hence lost many good opportunities. I am working on this and for the time being for everyone’s benefit I am publishing one kind of popular framework, which can be traded. I have used this setup in trade of TCS and recently had prepared the chart on Gold. Hence this tutorial is for everyone’s benefit.
DISCLAIMER: Trading in the stocks market or futures markets is one of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.
This is one person’s experience, your experience may differ. Past perfomance is not gaurantee of future gains.
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GOLD TAKING SUPPORT AT FIRST WARNING LINE
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In the last few minutes of tutorial i talked about Hagopian. It is working now.
thx