Going short. GC.

I will add the why I go short in just a while. But for now I enter gold short at 1825.3

Comment:

So my strategie is wait for 3 EMA (lighter pink line) to go down on Gold line which be ATR x 1.4 and distance being 5 candles. These number specific too gold 4h chart. Different number for different futures and different time frame. Here I take slightly early entry because candle open below center white line of regression channel. Slow Hull (red and gold line) flat means consolidation so this add agreement. Fast Hull green still and I like it red for entry, but it is start to turn down. So I thought reasons for short were more strong then reason for not short. We will see.

Sorry for grammar. But a commenter said to get Grammarly which I will do and I will be clearer.

Trade active:

Trade active:

Comment:

This is about how I see gold trad short going. You see my entry and exit. These are set and don’t move except stop loss can get titer but never bigger. My target is changeable only when it is reach. I do not exit when this happen but I wate for opposite of my entry to happen- in more words when 3 ema get on top of 1.4 ATR, but than I trail stop with 1/2 ATR stop. Or I take profit at target if reversal looks like it to happen.

Trade active:

So far trade doing as planned. With pullback here I now add too my position.

Comment:

Anatomy of a trade. I get a bit nervous when gold shoot up and came close by my stop. Now in better position again. Negative divergence if 2nd vertices line holds as pivot. I think I will take half profits though if price hit pivot A and decide if I hold short over weekend

Comment:

After getting almost stopped out GC then rallied and then again went the wrong way. After all I ended up back to 1st entry. But it stay in full position over weekend and usually I like to reduce to half position especially if in profit. But now break even so I decide to stay full. But I did tighten stop a bit so improved RR but increase chance for loss. I think mor about gameplay for next week over weekend. Comments are welcome and thoughts or advice. I be always wide open to input

Comment:

Still short. Gold in my opinion is show a short bias. My stop be the gold trail stop, which be based on ATR. Also you see fast Hull is dark red. I did make stop more tighter since friday, so increase chance of loss but increase risk to reward. This is always case. They are inverse porportion to each one other. tighter stop = higher RR more chance of loss. But loser stop = lower RR but smaller chance of loss.

Trade active:

So far GC price following my path I layed out with the arrows. So far so good!

Comment:

This is place to think about to take 1/2 profit. I am watching for same.

Comment:

Yep, I just take 1/2 profit. This is a pivot area soggy could get sticky here. Also o take rather large position so I no free up some moneys for other trading.

Trade active:

About at 1770 I take remaining profit remember to tighten stop to.

I move stop to 1810, target 1770

Trade closed: stop reached:

well like I said that pivot was a sticky spot. I am glad I took 1/2 provit, but dissapointed it don't run more. I not expect to get stop out so quickly. still okay though nice money of 192 ticks. let's look for next trade somewhere, we will check gold, CL, or indixes.

If you look at these chart you can noticed to that trading off divergent would have given same profit about. I use divergence very much, either for total trade, or confirmation the trade.

I will do an education on divergence and how to trade. this will be coming up. I like teaching- I am part time teacher in my field and my favorite part of it. It helps me learn and I like giving knowledge to other people that helps them. So divergence it is.

I hope you follow me. Am I best trader in the world? Nope! Do I get rich fast? Nope! Do I get rich slow? I think so. But I do no that I am a pretty good trader, and I make consistent profits. I am 31 years old, and I could quit my day job (I'm nursing) and I would come close to my paycheck. And as my account grows, I expect I will double make more money than my salary in 2 years. And then even more I expect. But I think if you trade with me you make consistent profit too. You can join me on my Telegram channel too to discuss.

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