This blog records my ongoing investment activities 'buying consistently in different companies regardless of market conditions at different times' and my index futures and forex trading activities
Wednesday, May 4, 2016
Successful: Short Gold
4H chart gold chart was showing that it is going down soon. When the entry was taken yesterday's morning, gold didnt came down immediately. Instead it went on a roller coaster ride upwards almost hitting my stop loss and was shy away before it finally came down during the US session around 10pm. *phew*
Trading Plan:
1. Trade with the trend
2. Trade when there is a price action reversal with the trend continuation
3. Place SL on previous high/low candle (Limit my loss)
4. No TP. Let market decide when to exit (Let my profit run)
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment