Simple TIP.How much should I risk on this trade?
The question I get a lot in trading group.
When I hear it I ask a question back to that person.
How much you can afford to lose?
When I enter a trade I always think about how much I will be losing, and can I afford to lose that amount. We are small planctons here and nobody cares about us, so losing one can arrive very fast.
So I am always asking myself very simple question. How much I can afford to lose on this trade if my desired stop is hit!
I want to go in this trade with 100 lots I calculate the amount at SL level, and if I see that it is too big and I cannot afford to lose that much, I need to reduce the lot size till the point where I can say hey, if my SL is hit I can afford to lose that much, won't be a big deal!
Is how I determine the size I should be taking the position with.
Especially when working on profit goals.
Simple but yet helpful tip.
Always ask yourself that question and it will be easier for you to enter!
Good Luck.
Profit Goal Idea:
Xauusdwave
GOLD / Bull the BearHey guys.
End of another month.
I hope that after reviewing your trading performance this month you can say you made it well .
New Month with new trades ahead.
I want to take time and play quick little game with you having a little rest.
Place your BET in comment section below - Will gold close Higher or Lower today than open price.
Lower - BEAR
Higher - BULL
Please do not use analysis on this call, but let it flow out from your heart / mind based on your feelings. Just Pure Feeling Inside.
And at the end of this day we get to know how many " Baba Vanga " we have here on Board!
All the best in new month ahead!
GOLDI would like to see buying on opening.
If so then great sell afterwards.
This is High Risk trade because Banks are watching TV posts and executing orders against us, so trade on your own risk. We can have this in profit only if Banks don't see it so please don't like this idea so it will not appear on main page!
Thank you.
GOLD / BL = 2x – 3, 3x5 +8x4When I make Gold 1220 short idea I say
postimg.org
And we have 40$ pullback.
Now BL4 float Higher than BL12 indicating vice versa = pulback up.
So if gold don't break 1181 we aim 1250.
If gold break 1181 we aim 1150.
Updating this idea with my decision Monday.
BL is advanced transitions that stand for Binomial Line.
The sum or difference of terms which have variables raised to positive integer powers and which have coefficients that may be real or complex.
We have total 12 BL type transitions.
Good Luck.
XAUUSD short term3 options for this.
a short position can be taken on a break and close below the 1200 zone which would open up the bottom and create a nice short position for 100-150 pips if not more.
a long can be taken after a break and close above the 1205.5 zone. This would open up the window to retest yesterday high. As well DXY looks to be pulling back up on the daily to create the right shoulder for a H&S.
if price retests and fails to break the 1200 zone you can look to take a long position from there and ride it up as well.
XAUUSD short term tradeI would like to see price come down to the intersecting area of 1209-1210 but also hold above the trend line that starts back on the 11th of the month. Momentum would need to cross above the 2.8940 resistance line also which would open up a long position opportunity targeting the 1230-1235 area. The market must hold above the trend line and momentum must cross above the resistance for this trade to be available and stay valid.
GOLDGold come to 1223-1235 area.
These two levels represent the end of alteration levels.
Gold need to overcome it to see PV target 1430.
If it doesn't look to sell on smaller timeframes.
Gold need to reach 122x.xx
Buy Gold Monday right on opening and use these two alteration levels 1223-1235 as TP's
GOLD / VersusGold leave many unseen target on this way up.
Read it as a sign that bull is not healthy.
PV target is 1430 but I think Gold not ready to see it yet.
This month most serious keylevel zone is 1196 - 1205.
I want short gold for 3 unseen targets on chart.
Taking it as one more leg down, and then loading for PV target.
For now waiting to get in this zone!
Make America great again.
GOLD / Maybe now.Took time but first time in 2 months close above all pivots. That could confirm the bottom on my table.
I had bad days with previous set and forget trades.
So giving a 2nd chance now.
1430 PV 1180 PV target.
1180 was met first.
1430 never seen yet.
Longed on opening
Longing at 76
Longing at 69
If price offer the chance.
Good Luck.