Seeking Alpha

Chris Capre's  Instablog

Chris Capre
Send Message
Chris Capre is a professional forex, index futures and commodities trader, specializing in Price Action & Ichimoku trading. Chris applies his methods to the markets both intraday and medium term swing trading, and has been trading for over 13 years. He is also the manager for a private fund... More
My company:
2ndSkiesForex
My blog:
2ndSkiesForex
My book:
Trading Price Action and Pivot Points
  • Market Commentary: Gold Engulfing Bar Update | June 4th 0 comments
    Jun 4, 2013 7:19 PM

    Hello Traders,

    Just an update on the Gold Engulfing Bar trade from this weeks market commentary:

    We recommended selling at 1415, and the PM didn't disappoint, hitting the level, going about $1.50 above, then selling off over $28, offering a nice 3:1 reward to risk play, so I hope you profited from that as many price action traders did (chart below).

    (click to enlarge)

    The pair did form a minor HL (higher low), so it could be winding up to attack the level again. Thus watch for failures to breach the 1415/1420 key levels, targeting 1390, and 1363.

    Kind Regards,

    Chris Capre

Back To Chris Capre's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.