Overview of Predictions Sept. 1

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Prediction:    GU is slightly bullish after turning at our midterm short level that we posted 2 weeks ago on where we thought price was moving towards....we have resistances at 5425/30 and higher up at 5495 with supports at 5355/60 and lower at 5320/25...trend top and bottom levels and scalp middle levels...

Results:

1.  Short @ 5430, DD: 15 pips; MP: 0 pips.  This was a negative scalp trade for a -15 pip loss

2.  Short @ 5491, DD: 0 pips; MP: 55 pips.  The was a trend trade that we entered with an exception (4 pips for trend trades, price on chart was 5491) and trade was closed at 2 pm EST for a 40 pip profit.

Note:  We ignored the long level at 5355/60 because  of the strong news spike that came to this level with a 50 pip move in 2 minutes.

Pips this Month:  +25

Overview of Predictions August 30

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Prediction:   GU is still in a midterm downtrend...we have supports at 5485 and lower at 5395/5400 with resistances at 5600/05 and higher up at 5680/85...trend top level and scalp all others....

Results:

1.  Long @ 5485, DD: 15 pips; MP: 2 pips.  This was a negative scalp level that hit SL for -15.

Pips this Month:  +425

Overview of Predictions August 26

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Prediction:    GU has turned on some previous support and is now in a long move but is hitting some resistance.  We are still bearish with resistances at 5580 and higher up at 5610/15...supports are at 5495/5500 and lower at 5460...scalp all levels...

Results:

1.  Short @ 5580, DD: 8 pips; MP: 70+ pips.  This was a scalp level that the market climb over a bit and then gave us our 30 pips.

Pips this Month:  +425

Overview of Predictions August 24

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Prediction:    GU is continuing its downtrend towards our longer term targets that we have mentioned on Friday....we have supports at 5370 and lower at 5315/20 with resistances at 5430 and higher up at 5470/75...trend top and bottom levels and scalp middle levels...

Results: 

1.  Long @ 5372, DD: 0 pips; MP: 50+ pips.  This was a scalp trade that was entered with our scalp exception (2 pips) and moved quickly for a 30 pip profit.

2.  Short @ 5430, DD: 15 pips; MP:  0 pips.  This was a negative scalp level, as you can see that the market did not reach this level twice by 5 pips and then broke right through it for a negative trade.

3.  Short @ 5475, DD: 6 pips; MP: 80+ pips.  This was our trend level that we have marked with a solid line that was closed at 2 pm EST for a 10 pip profit.  As we can see the market really moved after our cut-off time.

Pips this Month:  +365

Overview of Predictions August 20

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Prediction:   GU is ranging (bouncing between 38% and 0 % fibs on h4 chart, but price is still being driven down with longer term targets at 5380 and lower at 5307)...we have supports at 5465/70 and lower at 5415/20 and resistances at 5590 and higher up at 5625/30, we have support now at 5545 (risky)...trend top level and scalp all others...

Results:

1.  Long @ 5545, DD: 5 pips; MP: 33 pips.  This was a scalp level on which we closed at 25 pips. Note: this was a risky trade so SL was just under previous spike down on m5/m15 chart, so SL for this trade would have been some 8 pips and not 15. 

2.  Long @ 5465, DD: 3 pips; MP: 80+ pips.  This was another scalp level that we  took 30 pips on even though market just touched our level and shot up.

Pips this Month:  +280