Covering forex 24 hours
XAU/USD 9 Feb 2012
I am feeling bullish today on Gold and I went long at 1734.61 with a TP at 1752.08 (174.70 pips) and SL at 1725.61 (90 pips); a risk reward ratio of 1:2 (almost).
Price is reacting to the 50 and 61.8 levels of the move from tuesday and there seems to be a trendline as well.
However, I am willing to abandon ship and join the bears should this trendline be broken.
Updates to follow soon.
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Comment by talisman on February 9, 2012 at 2:27pm
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nice clean chart. its refreshing to see somebody overt with thier trading, most folks just like to show the winners. good luck.
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Comment by Ian Ngonda on February 9, 2012 at 3:33pm -
Thanks Talisman. I hope your trading is treating you well too
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