1/25/12 Chart of the Day

[dc]T[/dc]his pullback in Gold futures could offer an opportunity for a short. Positions could be established on a weak close, looking for a first leg to retest previous lows (1,525 – 1,540 basis February contract).



Adam Grimes has over two decades of experience in the industry as a trader, analyst and system developer. The author of a best-selling trading book, he has traded for his own account, for a top prop firm, and spent several years at the New York Mercantile Exchange. He focuses on the intersection of quantitative analysis and discretionary trading, and has a talent for teaching and helping traders find their own way in the market.