Nice Gmund. Dam good post that one.
@GiaD
First lesson would be that overnight success takes 5 years but in the interim, I found this book fantastic and still pull it out from time to time.
Dam, why did that pic come out so big!!
Gmund has already correctly pointed out the Fib retracement levels, I also find in between the 50% and 62% a pivotal zone.
Also worth pointing out that it's currently resting right on the bollie median so look for a bit of support. The rolling over of MACD and the 8ema (both circled) are in unison. They are two key indicators to watch for a reversal in trend when it comes. IMO.
Dam, last week the short / hedge position rose to it's highest. 3.5%. (it's not too dramatic until it gets to 5% but 3.5 is still significant IMO)
Cheers
Nice Gmund. Dam good post that one.@GiaDFirst lesson would be...
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