Update: Trade is Active
Update: Stopped out
Profit(pips)=-200
Accumulated Profit(pips)= +2666
-----------------------------------------------
As price hits 1307.00 support level and the 50-days SMA, I look for a short term bullish bounce, the bearish momentum is really strong but i think gold is pretty oversold could be heading for some adjustment.
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Still Active Trades:
----------------------------
twitter.com/thefxchannel
thefxchannel.com
Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to break-even
4. Second unit would be closed at second target
5. Note that If 90 percent of first target is reached without triggering entry, trade is cancelled
6. Remember: Losing is a main part of the game ;)
Update: Stopped out
Profit(pips)=-200
Accumulated Profit(pips)= +2666
-----------------------------------------------
As price hits 1307.00 support level and the 50-days SMA, I look for a short term bullish bounce, the bearish momentum is really strong but i think gold is pretty oversold could be heading for some adjustment.
-------------------------------------------------------
Still Active Trades:
twitter.com/thefxchannel
thefxchannel.com
Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to break-even
4. Second unit would be closed at second target
5. Note that If 90 percent of first target is reached without triggering entry, trade is cancelled
6. Remember: Losing is a main part of the game ;)