This is a simple setup that I saw
WHAT I SAW
1. Since 7/11/2014, gold has been in a clear and noticeable up trend.
2. As you can see, I draw two trendline (both are clone) and the price has been respecting both of this line as its support and resistance. (Except during 28/11/2014 - perhaps a news effect? I don't know)
WHAT I'LL DO
1. Already went for short at the moment (Triggered my Sell Limit @1236.00 just now)
2. SL was set @1240.00
3. TP @ 1218.00
*Price might went down until 1200.00 but I don't want to risk it.
UPDATE 11/12/2014 - Almost got SL hit yesterday, was thinking about manually closing the order... but what the hell..
got my TP hit just now @ 1218.00 - :-)
WHAT I SAW
1. Since 7/11/2014, gold has been in a clear and noticeable up trend.
2. As you can see, I draw two trendline (both are clone) and the price has been respecting both of this line as its support and resistance. (Except during 28/11/2014 - perhaps a news effect? I don't know)
WHAT I'LL DO
1. Already went for short at the moment (Triggered my Sell Limit @1236.00 just now)
2. SL was set @1240.00
3. TP @ 1218.00
*Price might went down until 1200.00 but I don't want to risk it.
UPDATE 11/12/2014 - Almost got SL hit yesterday, was thinking about manually closing the order... but what the hell..
got my TP hit just now @ 1218.00 - :-)
