Thursday, July 23, 2009

GOLD MAKES ANOTHER NEW HIGH IN THE EARLY MORNING HOURS AND QUICKLY SELLS IT OFF INTO THE CRIMEX SESSION


Wait for a big sell off during the Crimex session, DON'T
OVER MARGIN!, then stay up all night and sell it at the
high during the overnight session. This market is way too
erratic during the Crimex session to trade October contracts
until it becomes the front month after next week when the
August contract expires on Friday the 31st. The August
contract is simply not worth day trading considering the
RISK of getting trapped upside down in a trade and being
FORCED to liquidate when the contract reaches First Notice
in ONE WEEK.