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neilzo
Oct 1, 2020 7:49 PM

Gold short into mid-October Short

Gold FuturesCOMEX

Description

Hello!

The idea behind this trade is quite simple and has an insane risk reward of around 15x (the kind of setup I love to trade). Gold has had a crazy run this year and it's still quite overextended on the monthly timeframe.


Also for you TA freaks you can see a breakout from a "triangle". Just something to also take note of.

Good luck!
Tonis

Comment

This trade should hit the profit target in the next 2-3 weeks.
Comments
BakiShirzadi
Perfect idea, good luck
neilzo
@BakiShirzadi, Thank you!
azdevil
Can I ask how are you shorting this and getting 15X?
neilzo
@azdevil I’m talking about risk/reward. For example I risk with 100$ to make 1500$. 100$ would be my max loss aka stop loss price.
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