Trade still in the works...
'Trading is a process of observing the market's action until such a time you can find and form trading ideas and get involved.'**
Friday, November 22, 2013
Thursday, November 21, 2013
Tip Alert: Gold Overnight Long
Entry: 12432
Stop: 12398
Target: 12525 (will monitor as the session is on-going)
Note: Trying to get long even though the trend is down, but considering the drop already on its fourth consecutive session, I am looking for a reversal, let's see how it goes. In trading nothing is predictable, it's all about probability, and you have to take risk, and this is one example of the risk, but of course with control.
Stop: 12398
Target: 12525 (will monitor as the session is on-going)
Note: Trying to get long even though the trend is down, but considering the drop already on its fourth consecutive session, I am looking for a reversal, let's see how it goes. In trading nothing is predictable, it's all about probability, and you have to take risk, and this is one example of the risk, but of course with control.
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