Gold +10 Profits & Next MoveCurrently gold is consolidating in this triangle formation. We executed a quick trade on the bottom support with a TP at 1888 top of resistance for a trade before the weekend. We will now stop all trading to secure this weeks profits and wait for a break of this triangle.
We are still buyers following the bullish trend looking for the best levels to buy in. Be sure to enter the correct areas. Always have a PLAN B & Stop loss on every trade.
WIN
GOLD +9 Profits in a Row & Next MoveAfter Smashing Profits on our TP1 & TP2 we look for our next move.
Gold has turned very bullish and looks to break 1900 and beyond.
I would use pull backs for entries but make sure you enter the correct areas or you will be easily stopped out.
Of course always have a Plan B if we turn bearish but I do not see that happening after the Fed news and the momentum of Gold currently.
GOLD +8 Profits in a row & Next TradeOur team played the breakout from the H&S Pattern securing 1833 - 1850 profits. We re-entered at 1852 with a TP1 1858 TP2 1860. Posted in our previous posts.
Now we are looking for re-entry. Do not enter here. If we fall Back to a strong support that can be good re-entry. If we break a strong resistance that is also a good entry point.
Ultimate target 1900. Happy Trading.
IRON TARIHi guys,
according to my strategy we have 4weeks 12% strikes, 90% probability of success.
For this Iron condor with 5$ spread for each side there is a max profit of 40$ and a max loss 460$: if you are new in Iron condor you should find this R/R ratio very poor compared with forex, but we have very high odds at our side! 90% to get the maxim profit, plus 5$ extra on both sides (the long legs) before to get tha max loss. If the weekly candle closes over the short strike we close the trade, for a loss lower than max loss of 460$.
If you are more experienced you'd love to jump in this trade as I do, Strangle, no long legs, for a max credit of 80$.
Enjoy your wallet!
Tari.
Iron TariHi guys,
according to my strategy we have 4weeks 20% strikes, 99% probability of success, this means that we never had a lost in the past.
For this Iron condor with 5$ spread for each side there is a max profit of 90$ and a max loss 410$: if you are new in Iron condor you should find this R/R ratio very poor compared with forex, but we have very high odds at our side! 99% to get the maxim profit, plus 5$ extra on both sides (the long legs) before to get tha max loss. If the weekly candle closes over the short strike we close the trade, for a loss lower than max loss of 461$.
If you are more experienced you'd love to jump in this trade as I do, Strangle, no long legs, for a max credit of 130$, IV is 75%
Enjoy your wallet!
Tari.
IRON TARIHi guys,
according to my strategy we have 4weeks 15% strikes, 91% probability of success.
For this Iron condor with 5$ spread for each side there is a max profit of 55$ and a max loss 445$: if you are new in Iron condor you should find this R/R ratio very poor compared with forex, but we have very high odds at our side! 91% to get the maxim profit, plus 5$ extra on both sides (the long legs) before to get tha max loss. If the weekly candle closes over the short strike we close the trade, for a loss lower than max loss of 445$.
IV is too low to trade a strangle, even the odds are so great!
Enjoy your wallet!
Tari.
Iron TariHi guys,
according to my strategy we have 4weeks 15% strikes, 93% probability of success.
For this Iron condor with 5$ spread for each side there is a max profit of 100$ and a max loss 400$: if you are new in Iron condor you should find this R/R ratio very poor compared with forex, but we have very high odds at our side! 93% to get the maxim profit, plus 5$ extra on both sides (the long legs) before to get tha max loss. If the weekly candle closes over the short strike we close the trade, for a loss lower than max loss of 400$.
I prefer a strangle this time, max profi is 250$, and if things go wrong I close the trade for a max loss of 800$, getting a better R/R ratio, always with a 90% of max profit!
Enjoy your wallet!
Tari.