Sunday 20 November 2011

New Order for the week

Monday.  9.22am
20 mins ago, triggered 2 orders :
GBP/USD 2K short at 1.5744 &
AUD/NZD 1 K short at 1.3195
Gold long 1 lot at 1722.82


Total expected lost = $25/-/  Risk/ Reward = 1:1.4 . No other trade looks feasible for now.
Gold is in a no trade zone. very tight range,..it can move up/ or down very rapidly.
Gold in the short term - 1 hr chart looks positive. Am risking $10 to buy 1 lot at 1722.82, SL at 1717.31
Current cash balance = $308/-

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