GOLD / Durability.

FX:XAUUSD   Gold Spot / U.S. Dollar
This idea is more for my record / journal.

Currently I experienced max draw down 25 dollars so far on Long gold             trade which is actually not the worst drawdown seen considering that there are people with long entries above 1300
I have a bad entry and timing on this trade.
But I am a man that trust in my own strategy even if I lose.
It's already enough seeing copy trades all over the place when one TOP guy come out with Idea, then suddenly majority speaks in one voice, I am not doing it, nor I am following somebody, nor I ever will.

This is the situation where I leave this trade fully on JAFR calculations that suggest gold             going to 1383 > 1430.
Either Gold             stops my account out and gives me a lesson about being on wrong side, either gold             starts the path upside.

This is just my trade and my situation, So here I give it a time and patience, and I will not fund account I leave it as it is and rely fully on my strategy.
Funny how some people came in my ideas when I was short and said don't wait for it gold             will not break 1200.
And now when I am long, same people comment again don't wait for it gold             will not go up.

I even don't know what to add here...

This is not an example you should take into your trading, that's just me, and a way how I test my mental durability when it comes to TRUST IN YOUR STRATEGY.

NFP direction for tomorrow updated here:

Trade active: After really long time, somehow finally I get something near what I wanted to see.
All main bullish levels are now below close price, seeing this picture makes me somehow calm, because finally I may have the bottom. This is first day after long weeks when close price gives such intraday picture.

That being said, 1166.00 - 1169.00 is levels that I count on intraday basis, if they hold. If I wouldn't have open positions I would go long with Stops below 1160 but since I am already long I have no ability to long here.

And update on current acc situation:

Waiting for NFP so see you then!
Trade with care and be careful!
Comment: Every mistake is very caluable so I can take it as a material to study and become better.
Today finally I got all these levels below close price and knowing that I am targeting gold 1383 if these levels finally say it is bottom and gold is going up,I will improve so I know what I have to consider next time in similar situations. I will know that while one template is suggesting that gold is going up, while other template is still with a mixed signal I will not enter so rapidly but wait while the 2nd template is finally giving levels under close price so I can be more sure to enter. So this all is just a great " material " to consider and study to become better and improve strategy. So now I am keen to see what will happen when now both strategy templates and levels align.

Intraday levels that come below close price so far doing fine. Like I said I count on them, and I would love to see the same from today's close price.

Don't forget that this weekend we have volatile event with Italy and Gold can work as a safe heaven for investors to flow the money in.
Comment: Levels worked fine today rejected upwards creating intraday bottom.
I cannot tell what close price we need today in order to continue bullish sentiment Monday because today close price will be useless since gold will open with a gap on Monday so the open price will be taken as close price. Let's see what New week bring to us. Have a great weekend, and drink only quality alcohol if you do so! Cheers.
Great work!
Have a great weekend!!
Wish you a great weekend Bruno. Glad your targets worked out for all of us :) Take care.
@TPparadigma I am still thinking about Company A entering to buy gold this Friday...Did it give up?
TheZabisyu michaelkid_wang
@michaelkid_wang, Let's see Monday open price and calculate how much they bought during weekend.
@TPparadigma, Sounds like a plan. Thanks.
I get lots of bullish signals on my charts as well..Hoping that next week ,by end of Tuesday session we would see some action by the bullion banks moving the price of gold sharply to the upside...Added massively to JNUG at the close today @! GOOD LUCK TO BRUNO AND ALL THE LONG TV TRADERS !!
thanks for the great ideas and updates. NFP may throw things out temporarily but I agree this feels like a short term bottom. even the run in bond rates today didn't really budge gold. should get a corrective rebound next week, hopefully to the 1230 mark at least...
Keep up the great work.Thanks for sharing
It's from ones mistakes one learn the most! Keep it up MoscowMan
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out