Intraday position on Gold

Oct 18, 2016

Good morning traders,

Gold should retrace at least to 38.2 fibo level after last drop. I ´m entering a long position @ 1261 with SL below 1253 and target profit around 1273

6 Trading Rules :

1. Never add to a losing position .
2. Don´t be the first to buy low and sell high ., and don´t be the last one to exit
3. Think like a fundamentalist, trade like a technician .
4. Keep your analysis simple
5. Start small and increase exposure when trend is confirming your analysis
6. The hard trade is the right trade

Josep Pocalles

Oct 19, 2016

Trade closed: target reached

Happy with current profits +0.7 %