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.
================================================================== 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
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