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Realisto_FX
Aug 31, 2015 6:28 AM

Long Gold Long

GOLD / U.S. DOLLARICE

Description

Good morning traders,

It seems Gold found support at 50 % retracement from latest bullish impulse. Also it crossed 50 MA on a daily basis. So I´m attempting a long continuation with SL below 128 on a daily close

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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
Comments
Realisto_FX
UPDATE : Stopped out, I need to see price above 1135 to consider longs again
georges112
brilliant rules
Realisto_FX
Thanks Georges :-)
cipri.blaga
this looks like more H&S setup..
Realisto_FX
Thanks for the comment, let´s see how it goes
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