I've been hit quite badly in January 2013 when a few of my 15 mins. Gold Sell trades reversed and I was stopped out with losses.
I adjusted the sell parameters of my ETP set file accordingly and was able to capture a profitable trade from the recent bearish Gold price movement :
Gold price has just broken one of the support line that I've drawn up. There are now 2 major support lines that I'm monitoring closely, namely : 1587 and 1544. These could be possible levels that Gold price might reverse.
Here are my trading account statements for the past few months. After experiencing the consecutive losses in January 2013, I now stick to one trading account at AxiTrader where my set file parameters are performing well at the moment.
Wishing you good health and a prosperous forex trading year in 2013!
Yours Truly,
Tony Chai
