Wednesday 16 November 2011

Gold again

11.27pm.  Thank goodness for Stop Loss.. the price of gold plunge to 1757 a moment ago. I was stopped out at 1767.98.  Looking at the hourly chart, there is a possibility of retracement. Went in again 1 lot at  1756.26. R/R ratio : 1 to 4.  Potential loss in this trade $5/-

Outstanding order 2K long EA, 1 unit long Gold.
Cash balance : $245/-   Net Asset Value : $250/-

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