Total 3 buy positions at the moment.
2 trades,
One at 1229 ( May 4 ) and Second at 1233 ( May 5 )
May 20, 3rd entry at 1248 for shorter term target 1262 and 1269 ( they were intraday, but not reached, but remain to be seen )
All trades target 1307. SL's moved to BE
Only two scenarios Either hit target either BE.
GL
2 trades,
One at 1229 ( May 4 ) and Second at 1233 ( May 5 )
May 20, 3rd entry at 1248 for shorter term target 1262 and 1269 ( they were intraday, but not reached, but remain to be seen )
All trades target 1307. SL's moved to BE
Only two scenarios Either hit target either BE.
GL
Comment:
1262 Friday target reached.
Intraday levels for Tuesday still bearish, if gold keep going up to reach 1307 that only means we continue the accumulation.
Trail the stops for all buy positions so if it takes you out at least with cash in pocket.
I have stops on BE will not trail.
Take care and good luck.
Intraday levels for Tuesday still bearish, if gold keep going up to reach 1307 that only means we continue the accumulation.
Trail the stops for all buy positions so if it takes you out at least with cash in pocket.
I have stops on BE will not trail.
Take care and good luck.
Comment:
Received couple confused messages about Friday target.
People if you read the description, you find the answer:
May 20, 3rd entry at 1248 for shorter term target 1262 and 1269 ( they were intraday, but not reached, but remain to be seen )
If you don't know what Remain to be seen stands for use Google translate, Wikipedia or any other source that can help you to figure out what this means.
The target was for Friday, not reached Friday, but remain to be seen.
GL
People if you read the description, you find the answer:
May 20, 3rd entry at 1248 for shorter term target 1262 and 1269 ( they were intraday, but not reached, but remain to be seen )
If you don't know what Remain to be seen stands for use Google translate, Wikipedia or any other source that can help you to figure out what this means.
The target was for Friday, not reached Friday, but remain to be seen.
GL
Comment:
Intraday ( Wednesday ) follow up.
I was looking at the open price to see which breakout could gold do on small levels.
Gold kinda broke 1251.9 so it should reach 1259, in order to reach 1265 need to break 1259, and of course, in order to go higher need to break 1265 to reach 1275.
On the flip side, the chance is to get to 1244 that means 3rd entry at 1248 will be closed at Break Even.
If that happens I will try to buy back the 3rd position at 1244.
Not adding any positions just holding the ones I have.
Since we just broke 1251.9 should reach 1259.
GL
I was looking at the open price to see which breakout could gold do on small levels.
Gold kinda broke 1251.9 so it should reach 1259, in order to reach 1265 need to break 1259, and of course, in order to go higher need to break 1265 to reach 1275.
On the flip side, the chance is to get to 1244 that means 3rd entry at 1248 will be closed at Break Even.
If that happens I will try to buy back the 3rd position at 1244.
Not adding any positions just holding the ones I have.
Since we just broke 1251.9 should reach 1259.
GL
Comment:
1259 reached. ( 1258.10 is the High + / - 1$ )
Gold hit 1248 entry Break Even and had no chance to re-enter, so running only 2 positions from 1233 and 1229.
If there will be some promising intraday setup later that suggests clear buy I will buy back the 3rd position which gold take away.
Good Luck.
Gold hit 1248 entry Break Even and had no chance to re-enter, so running only 2 positions from 1233 and 1229.
If there will be some promising intraday setup later that suggests clear buy I will buy back the 3rd position which gold take away.
Good Luck.
Could reach 1307 till FED date and then fall. Will have to see and wait anyway.
Have a great trading week ahead.