I am working on the principle we should get a few bounces in the AM as the new week starts and a lot of the lines are being held to so I have two live entries waiting to trigger, and one that I will add first thing! Entry 1: (Long) .03 lots Enter: 127.090 TP: 128.300 SL: 126.800 RR: 4.14 Entry 2: (Short) .03 lots Enter: 129.670 TP: 128.500 SL: 129.850 (Updating...
Currently looks to be flirting with the upper support marked, but has been showing signs of weakness- Going to add a short once the market opens and let it do its thing! Entry: 1.05670 (Roughly) .03 lots TP: 1.04300 SL: 1.06150 RR: 2.85
So this one looks exactly the same as the previous one- I currently have two different orders set, I believe it will trigger them both and hopefully respect the lines! Entry 1 (Short) .05 lots Enter: 125050 SL: 1.25300 TP: 1.24000 RR: 4.2 Entry 2 (Long) .05 lots Enter: 1.23400 SL: 1.23150 TP: 1.24000 RR: 2.4
Only a possible, currently in this position :) Slightly adjusted Entry: 0.97180 TP: 0.98000 SL: 0.96900
Currently in this trade as testing what i think is a decent resistance: Entry: 1.25016 SL: 1.25295 TP: 1.24400 RR: 2.21 with .05 lots
Finally, currently sat in this trade: Entry: 1.05894 TP: 1.05200 SL: 1.06030 RR 2.71 with .07 lots. Think this one might stop to be honest... :')
As a cheeky one, broke support that i traded at earlier, now retesting a lower major support- might be worth the watch for entertainment value as i sob in a very manly way if it does not respect the idea! Entry: 127.603 SL: 127.050 TP: 128.740 RR: 2.82 \(^_^)/ *Prays to the god of pips*
So I managed to miss the major drop as i was a bit worried it would break and move higher. However, us30 looks to have started a bounce from the lower support- So going for a long on this one! Well, 2 if you look as my original entry was slightly messed up! Position 1: Entry: 31551.1 TP: 31900 SL: 32100 Position 2: Entry 31387 TP: 31900 SL: 31200 Could possibly...
Going back to basics so not much really to add- to long or not to long!
Still very noobish, but I believe that the market should bounce off the zone marked at the bottom- forever forgetting which is supply and demand! I have placed my stop just below the zone and am going to take profit if it hits 75%. Please feel free to provide input/feedback as trying to learn properly :)
So, finally decided to provide a rookie analysis- I think that over the next few weeks gold should drop back towards the bottom region. Then bounce. :D