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Thursday, May 7, 2009

May 5/09 Long Jun Gold

Recommended Futures Trade:Swing Trade Long: June Gold with CTGFutures PaintBars. This trade was forecast in CTGFutures Trade Plan for May 5, 2009. You can download our Weekly Trade Plan in PDF Format for free by clicking this link. Read more information about our swing strategy below the charts.

June Gold - CTGFutures Nested Trading Systems
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In the upper chart the 20 Minute bars are configured with our T3 PaintBars while the lower data set, also 20 Minute bars are configured with CTG LT PaintBars. While the lower data is blue we buy the market as the price nears the 200 exponential moving average (Green Line). In this trade we bought gold at 898.20. 50% of our position was closed out at 913 for a profit of $1,480 while the other half was stopped out at 908.70 for a profit of $1,050. This trade and others are forecast in CTGFutures Trade Plan for the week of May 4, 2009. Today's daily update available free for registered members. You can download the PDF File for free.

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