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WillNixTrading
Mar 25, 2020 6:29 PM

GOLD LONG )(NUGT) Long

GOLD (US$/OZ)TVC

Description

Whats up Traders

Im setting up a gold trade, using NUGT . .

Buy Stops Using the Bulkhead Method to catch the wave (more buys as price goes higher)

25% position purchases across 4 buy stops above the bull flag....is my method here
Set a tight Trailing Stop for the entered positions, up to 5-6%
Target Box Shown as Pink Rectangle.

I like Gold Sentiment, I like Gold to lead us off the bottom, I like Gold ;)

Good Luck.

Comment

Price Action Misbehaved a little bit, but it is trending in the direction we expected.

Trade closed: target reached

This trade close on a trailing stop once we entered the target box.

This trade was a success...albeit not as profitable as I had hoped.
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