What’s my background? I’ve spent 25 years on bank trading floors in Asia, mostly in fixed income derivative trading roles. However, I did initially learn the ropes in the middle office. Why the journal? To hold myself accountable for my trade ideas and views on markets. Rules for Trading: -Never risk more than 1% of AUM on any trade -Decide what level it should NOT trade if the narrative is correct -Aim to have a 3:1 ratio to take profit
Gold is breaking out. Momentum trade. Long 5 contracts June 24 Micro Gold future @ 2,278.8 Profit Target: 2,359.8 Stop Loss: 2,260
I guess you weren't trading the Asian session and you are trading the European session. Gold started to break out/move during today's Asian session (after the holiday). All the best mister.