Price has fallen into the bearish zone of my analysis now i will short it with 2% risk of my account till TP , USA CPI today was positive putting pressure on golf for now atleast
Trade active:
Sold at 1858.50
Comment:
Why do i have wide stop losses , gold unlike forex pairs is very volatile and do much more movement in pips so putting a smaller stop loss is like diving into a swimming pool with no water most likely you're going to bang your head hard , wider stop losses allow me to manage my risk better helps me make better profit unless and until I'm following proper risk management according to my account size and not over stepping , Trading is about making consistent profits and not huge profit in one go!
Comment:
Wohooooo!! Running 60+ pips
Comment:
Closed all my positions at 1852 that's 65 pips I'll wait now for price to enter again into my preferred selling zone , I'll update after i take a sell again, setup is still valid if you're reading it now but wait for confirmation first maybe we'll get a better entry from above
Comment:
My sell order got triggered at 1858.50 in Asian session , currently running , 100+ pips on it what a morning for me soo good
Trade closed manually:
Closed all my positions at 1846.5 , nice 120 pips , a piptastic idea by Gold King ;)
Trade closed: target reached:
Bingo!