Wednesday, June 22, 2011

LC/B barely moved today while AT and PX jumped with 4+% gains. I think PX will enter a parabolic run when it closes higher than 21.75.

Issues that are lingering just above 50SMA are ICT, MBT. NIKL appears to be forming a base.

The index appears to be at its immediate resistance(50SMA+50RSI).

Not much interesting moves on the PSE so I am still practicing on trading FX(EURUSD and XAUGLD pairs) on my free time. I still get frustrated from time to time as I continually forgets my basic trading rules :))

Forex trading appears to be more promising nonetheless if done properly. There would be no more need to wait for quarterly earnings report.

I asked around again the local forums with regards to forex trading. Let's see who would even bother answering :))

I think Gold($GOLD) is preparing to challenge the 1574 levels again in the short term. Think long!