Both trades presented over the weekend were spot on.
http://medianlinetrader.blogspot.com/2010/05/yet-another-very-high-probability-setup.html
http://medianlinetrader.blogspot.com/2010/05/gold-update.html
Gold was full of pure reaction line trades as per my suggested short on the green UMLP which would have reaped a good profit but now we are in a slightly adjusted fork and the current short term green fork RL is carrying gold upwards along its axis.It's a bit distorted in the above chart but if get down to a low TF it's pure magic to watch. I would look to get short gold again on the UMLP nearer the long term RL.
The $ against the Yen was also a perfect price failure and the trigger line /Hagopian rule worked like a textbook trade even though it was late Sunday and at a very antisocial hour! Since then the $ has rallied and is looking very shaky near the long term UMLP and at the phyc level of 93.00 where i have resting short orders but more of that to come in later posts.
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