vlad.adrian
Short

Gold - Paper short trade

FX:XAUUSD   Gold Spot / U.S. Dollar
350 4 6
This is a paper trade. I have traded gold             four times I think, with GDX             included, and lost all four trades, so I'm not a gold             trader.
The red rectangle is the massive weekly support, and nearly all the time when you have this kind of support on a chart, the instrument will go and test it. Look how on the 4H chart we have a huge bullish divergence , but Gold             is unable to rally properly. After this divergence, the impulse is red again, and it's the time to go short again. The daily chart shows inverted hammers, clearly stating the inability of a rally.
4 real trades - all stopped out
one paper trade - great trade
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My opnion, it is better to wait for the break of a trendline so the two entered the favorable trade! ;)
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vlad.adrian adolfo.fernandes2
I don't pay attention to trend lines... my triggers are different
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My opnion, it is better to wait for the break of a trendline so the two entered the favorable trade! ;)
Reply
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