Thursday, August 30, 2012

Transaction

Gold - XAU/USD

I hv an open position last night,
I moved SL to $1656 when I see handsome floating profit while Gold trade around $1661.

My Long position was triggered at preset stop loss last night when I was asleep.

A bit unhappy. Cuz this is the 3rd time this week this type of trade happens. SL is near. Triggered.

This morning when the sky is still dark, and I'm still feeling low - due to the losses, I create a pending order to Long at $1655.

Based on PowerWave method, this entry price should be ideal and my Stop Loss is preset at yesterday Low.

2L target is around $1674, and I preset target exit around $1670.

Waiting for Beige Book news release.



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