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)

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