Long

Buy gold back small lot first

Updated

First entry 1497.5
detail in comment

Note

buy small lot first because yesterday has volatile and next week FOMC too
Gold may sideway around this zone and may spike below 1490
if we can see strong reversal may buy more or buy more if drop to 1490
This idea in valid if Gold drop below 1484.

PS: SL is large so don't overtrade. use suitable lot
if we can win we will win big . and small loss.

Note

This green TL it is another signal for support .
If break down Gold will hugh drop pls beware of this case too.
I may not online all time because I am not in office.
If i have some time , I will update later.

Note

as usual profit 60 pips
I partial close move sl to be
and let 's it run as it can

Note

My job is done.
enjoy weekend

^^
cheer

Note

some friend ask in msg .
they ask "Can buy more ?" - No I think If we win don't take more risk
and
Can we sell ? = may be but today end of week I don't take risk .
this time is retracement everthing is not clear until FOMC.
we only trade and exit . don't greed .
Market still open we can walk in everytime . if we have plan and will accept loss too. Only good money management we will stay on this market.
Hope you can understand my idea.
FYI

Note

Reaction from TL show sell signal

Note

After 80 pips profit If you Ok and don't want to have position and close all
and would like to sell ( this is risk ) you can sell around 1504-1506 sl 1508
This guildline for who would like to short.
but
for me I don't entry only keep buy position till it hit be or TP1
( because I don't want to take risk at the end of week )
FYI

Note

100 pips now
Gold dip around 30 pips at TL zone and come back to 1508
if can break up TP1 will hit or if not see you at BE
let's wait ...

Trade closed: stop reached

After news
Gold drop hit BE
After this I only scalping trade
new idea , Let 's try again next week.

Note

msg. ask about what bias in gold after this
I still look Gold to 1511+ unti break down 1483 or break green TL
that i told on above
FYI

theoris

Also on:

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Buy Gold after break up to 1512

by theoris

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