Re: G/U Analysis/Prediction
Overview of Predictions June 1
Prediction: GU is still ranging with resistances at 4565 and higher up at 4595…supports at 4440 and lower at 4385…Trend long, scalp short….
Results:
1. Long @ 4440, DD: 2 pips; MP: 275. This was a trend trade that we hold to our top resistance which was a 155 pip trade.
2. Short @ 4595, DD: 15 pips; o pips. This was a scalp trade that was stopped for -15 pips.
Overall Profit/Loss: + 140
Pips this Month: +140
Overview of Predictions June 2
Predictions: GU is bullish but running into some 4h/d1 resistances….we have resistance at 4780 and and 4805…supports are at 4675 and lower at 4630 and key level at 4605…Trend top and bottom and key level, scalp others…
Results:
1. Long @ 4675, DD: 14 pips; MP: 29 pips. This was a scalp trade that hit our tp at 20 pips.
2. Long @ 4630, DD: 0 pips; MP: 60 pips. This was a trend trade that did not hit any of our resistances and we got stopped out at BE…
3. Long @ 4605, DD: 25 pips; MP: 28 pips. This was a trend trade that we got stopped out for -25 pips.
Overall Profit/Loss: -5
Pips this Month: +135
Overview of Predictions June 3
Prediction: GU at some resistance levels on h4…we have resistances at 4740/45 and higher up at 4785/90…supports at 4660/65 and lower at 4590/95, 4605/10 is also a support on h4…Trend bottom and top levels and scalp the rest…
Results:
1. Short @ 4740, DD: 2 pips; MP: 100+ pips. This was a scalp trade that was closed for 20 pips, market moved much more from this level.
2. Long @ 4660, DD: 5 pips; MP: 16 pips. This was a scalp that was stopped at BE as we move SL after 15 pips in plus.
3. Long @ 4590, DD: 4 pips; MP: 50 pips. This was a trend trade that was closed at 2 pm EST for a 40 pip profit.
Overall Profit/Loss: +60
Pips this Month: +195
Overview of Predictions June 4
Prediction: GU looks like its stacking up to go short (400 pips down to double bottom, this is a longer term outlook) so our outlook is bearish with resistances at 4685/90 and higher up at 4720…if price falls below last low at 4685 to 4610, then first support we see is at 4565, then 4530 and good support at 4440…Trend short and scalp long (NFP today so trade with caution around that time as price ignores levels at this time…)
Results:
1. Short @ 4681, DD: 0 pips; MP: 200+ pips. This was a trend trade that we entered with exception (2-4 pips) and we hold to our support at 4440 but we closed at 2 pm EST for 195 pips.
Note: Since we are in a trend trade we ignore supports till the last level. In our notes we were very bearish on GU this Friday…
Overall Profit/Loss: +195
Pips this Month: +390