Michael_Francis

Buy Opportunity on XAU/USD

Long
Michael_Francis Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Just a quick scalp

Usual rules apply, just a risk to reward of 1:1
You welcome to hold longer, I just prefer to be in and out.

Money management applied on all trades

For the past 2 days we have hit SL on our trades on Gold.
However this is part of trading. As long as we apply money management then the profits made in the previous week should not be eaten up. Only a small portion should have been taken away.
Let's see how today goes!! Quite excited for the day's trading


BUILDING SUCCESSFUL TRADERS
MGR FOREX TRADING
Trade closed: stop reached
Comment:
Not having the greatest run on Gold for this week
3 Sl's for the last 3 days.
I will reduce the lot size and hopefully we will have a good 2 days of trading tomorrow and Friday.

Keeping in mind that a bad week does not mean a bad month.
We just have to navigate with our money management to ensure we remain profitable for the month.

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