Update: first target hit moved stop loss to breakeven...
Update: Full target reached.
Profit(pips)= 180+360= 560.
------------------------------------------------------------------------------------------------------
I am short gold from late last night. It may have failed at the 50-days SMA as price formed a minor shooting star and also price failed to hold above 1240.00 level.
Trade Safe, and Best of Luck , join me at twitter.com/thefxchannel
Also at my Facebook page www.thefxchannel.com
My best regards,
Technician
==================================================================
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: Full target reached.
Profit(pips)= 180+360= 560.
------------------------------------------------------------------------------------------------------
I am short gold from late last night. It may have failed at the 50-days SMA as price formed a minor shooting star and also price failed to hold above 1240.00 level.
Trade Safe, and Best of Luck , join me at twitter.com/thefxchannel
Also at my Facebook page www.thefxchannel.com
My best regards,
Technician
==================================================================
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
