XAU USD TRIPLE BOTTOM LONG TRADE IDEA Long

Gold/U.S. DollarFXCM

Description

⋅ Sep 18, 2016 10:33 AM

ON THE CHART PRICE RETESTS THE 1308 ((0.618) Fib level.
PUT A BUY STOP AT THE 1310 LEVEL AS SOON AS PRICE IS READY TO 'TAKE OFF''.
STOP LOSS JUST BELOW THE MAJOR RESISTANCE TREND LINE.
LIMIT SHOULD BE THE 1348 LEVEL.
STOCHASTIC/RSI IS GOING BELOW THE 20 LEVEL.

Trade active

⋅ Sep 21, 2016 12:34 PM

amazing trade. 1600 pips so far.

Trade active

⋅ Sep 21, 2016 12:35 PM

new limit. 1336 level.

Trade closed: target reached

⋅ Sep 22, 2016 12:29 AM

1900 pips profit. trade closed

Comments

albertwt

⋅ Sep 19, 2016 4:55 AM

Viorel,
Thanks for sharing the chart, I guess it will be bouncing up this week.

ViorelBadin

⋅ Sep 19, 2016 11:40 AM

you've got to have an open mind towards risk and all possible outcomes. risk management is the only thing we have under control. i am ready for any result.

albertwt

⋅ Sep 19, 2016 11:42 AM

Viorel,
Thanks for the sharing, keep up the good post :-)

sulbas

⋅ Sep 18, 2016 12:56 PM

What do u mean with limit 1348. Do u mean that after touching 1348 it will fall back to 1333 around after? Thanks for the chartwork

ViorelBadin

⋅ Sep 18, 2016 1:17 PM

limit is the profit target. your profit target should be just before the 1348 level. at 1348 or just before that, the price just should fall to its original level of 1308, even lower than that.