I'm testing the scenario of moving the xlog folder to a fast pair of disk. This was the steps I followed;
1. create new mountpoint with the correct permissions
2. Shutdown DB
3. Create softlink from new mountpoint to $PG_DATA/pg_xlog
4. Startup DB
If I understand here correctly, you want to move $PGDATA/pg_xlog to "/fast/disk/pg_xlog" directory.
If I want to implement the same on my local machine of moving of pg_xlog to other directory (in your case other mount point). I will follow below steps: