GOLD / The Top or to new Highs.

FX:XAUUSD   Gold / U.S. Dollar
Hello guys!

We have two levels to short from. I know there is some that say it will push thru, if that happens that's fine, if that is not happening, then at least we are in.

1309 is a zone where price should bounce of for sure, and even if it comes back to break it, we can move Stop to BE and take it risk free. If 1309 breaks 1321 is the real key level. The tough one!
I will be shorting from 1309 because this level dominates a lot in my setup, and is a block area from transitions too!
Although we could take a buy on opening, I will pass that this time.

I'll keep you updated!
Comment: 1309 zone is a strong one!
I think I'll buy this on opening since transitions favour long order. So couple bucks is okay!
Trade active: Trade is active.. In green with buy!
Comment: I have set the pending, TP's and SL's.. going to sleep. See you tomorrow on EU session open. Hope to see profits and good day!
Comment: GM guys! I added buy on 1294, in screenshot above you can see 1294 is Reversal from wave 5 and top left it is the red one from transition B which means transition breakout so 1294 was good place to add buys!
I think before NFP we will see 1307ish - 1310ish.
Comment: 1299 is 50% from wave 5 it can cause little problems here.. once we get above it I think we get our short orders at 1309 filled.
Comment: I closed my longs.. and will go short before NFP Seems we won't even get 1309
Comment: Signals are mixed.. I pass this trade.. it switched to long.. but I am worried to take it.. since it can be spike!! I am out of market!
Comment: I think we are getting real long... but I pass this one! Trade this on your own risk! I say it is long! Let's see after NFP
Comment: Closing my buy> I forgat about it almost.
Ending this week with 11k profit. Very poor performance this week.
That buy was open since November 2 and look at swap. That's why I trade swings and don't hold overnight! It just cost me too much.. lol 300 in air.. puh..
Would you be so kind and detail your trades' entry, SL & TP prices? This time and in your future posts also. Thanks very much and keep up the good work!
For sell limit SL is 1312.. TP open.. have nothing more on my chart for now! Cheers.
epalazzo MetalCruisers
Much appreciated!
Nothing more on your chart. Aren't you in a buy Bruno? (Trade active: Trade is active.. In green with buy!) What was your entry? If it was 9 hours ago as it's saying here it looks around 1294-5 and you nailed it!
Isn't it a huge risk to trade just before the news Bruno? I mean it could go either way. And placing a stop is very difficult especially seeing the spikes are likely to be big. I suppose you don't use a stop or?
I think u know how we traded news so far? If u have the right tools it's okay!
Marvin MetalCruisers
No sorry I don't know how how.
ohh.. I thought u follow me for longer time.. you would see a lot ideas with news trading.
Marvin MetalCruisers
Nope. Only a couple of weeks.
He uses HFT. It can predict with a high probability the direction the market will take in the short term.
Marvin fruitman82
Hmm. Ok. I have no idea what that is but thx anyway.
High Frequency Trading Robot.
oohhh, very good, i longed today at 1306...should i close even with loss?
Close it bro.. don't hold over weekend.. you will atleast sleep well.. You make it back next week!!
Say me thanks bro!! ;) Feel safe that you closed it didn't you?
Wtf? Which Broker is that? The margin per Lot seems so extremly high. Trading without leverage?
Leverage 1:25. Admiral Markets.
nexuz MetalCruisers
You should try FXPro - im using 1:100 and Only need about the half of your margin :) but my Account is also way smaller
TPP what do you think about the divergence between GDX and GLD today?
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