blake200
Long

one possible scenario. Regression at 1348.00

FX:XAUUSD   Gold / U.S. Dollar
219 15 5
one possible scenario
Regression at 1348.00
Bounce back at 1325-1328

Comment: Ok so 1357! I still wouldn't trust this Bullish Rally to continue with out a little retracement . To BUY now would be Risky.
Comment: Retracement happened as expected, now waiting for a double bottom at 1350.80 before i place a trade
im following this trade closely, im long with 4 btc leveraged x20 from 0.2 in whaleclub.co, im long from 1316.4 with a return of 0.07 btc for 37.5% and im very happy
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blake200 hectordsd
so you trade using a Bitcoin account? so leverage 1;20, that sounds pretty standard. 37.5% what, Risk/Reward?
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hectordsd blake200
37.5% on returns! this is my position: http://imgur.com/8C1BKPr i wanted to close and take profits today but the market closed but i ignored the fact the market closes weekends, i will be looking to close below 1348 as you say in your chart
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blake200 hectordsd
Very nice!! I also forgot about the market closing, so wrapped up in analysis. I opened at 1320.00 and closed at 1340.11 to be safe.
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blake200 hectordsd
hope you closed in time :)
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hectordsd blake200
uh, i didnt. Should i close now? Im more than happy anyways, chech this http://imgur.com/1RhpArl, the most succeful trade i ever made.
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blake200 hectordsd
well it would be the safe option when taking into consideration the markets current state of volatility.I checked your trade, very good! YOU SHOULD BE HAPPY!
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blake200 hectordsd
Did you use a stop loss if so what was it? mine was 1296
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blake200 hectordsd
Yeah to be safe you could CLOSE then reopen after any regression has bottomed out. what do you think?
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hectordsd blake200
yes, i will reopen if the price hit 1320. I did not have a stop loss, in gold i trust hehe
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almost agreed!!
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blake200 faylee
Oh really! Have you posted anything similar? It would be great to cross reference analysis.
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faylee blake200
No, i didn't post short term plan:)
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blake200 faylee
I checked out your analysis for XAU/USD before Brexit, very nice :)
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Retracement happened as expected, now waiting for a double bottom at 1350.80 before i place a trade.
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