Babcock intl

www.screencast.com/t/e6GT3jV4ls

I'm currently back in here. Still looks good to me.

I've closed out this position at a good loss.

I've closed half of my position this morning at a loss of 28p at 540ish. I think we'll see pull back to 536 area (to close the gap on the 2h chart). Price often goes beyond gap closure so I'll wait to see whether I get another entry signal lower down, possibly around 512/513 = rising tl support. I have no reason to believe that my original reasons for entering the trade are no longer valid. I remain interested.

I have BAB at a decision point here. Short term tl resistance at 535/536. I haven't added to or reduced my position. I'm nicely down and obviously would prefer a bullish move. On the positive side, the daily chart does suggest a bottoming pattern. On the negatives side, my daily chart shows a gap to 515. These very often close. If it closes this gap, and depending up wider markets and my own positions. I'd be tempted to add. Waiting game for now.

I suspect the same and started building a gold positin around 1280

another one that my stops have triggered...not good.
suspect a bigger correction is coming..