(J) Trade 2 : Following Short term trend #Gold

FX:XAUUSD   Gold Spot / U.S. Dollar
Update: Stopped out
Profit = - $600.
Balance= 30,000-600 = 29,400.

Trade 2: Pending Short XAUUSD             @ 1180.00
S.L @ 1186.00
T1 1171.00
T2 1163.00

For 30,000 Capital, and 2% risk per trade=$600, Position size = 1 lot ( 0.5+0.5)


  • Short term trend down, lower highs and lower lows.
  • Price is trading in a falling channel
  • Retested areas near the top of the channel and 1180.00 horizontal resistance
  • Price printed long legged doji candle at that resistance.

Wish me luck and best of luck for everyone.
Don't forget to click the Thumbs Up

For Trades rules and guidelines follow this link

My best regards
Subscribe to my trading portal
I teach my experience conclusions in 10+ trading strategies. PM me for details and cost.
man your a legend..i like how u show you position sizing..soemthing i get stuck on for different trades sometimes
+3 Reply
Technician anthony.pham00
Wow, a legend :D , this is too much. Thanks so much.
Hope i can end the journey with some profits, which is our ultimate goal .
+1 Reply
Gold looks bullish.
I think this is a great idea in general, but it's a bit interesting how everybody is so negative gold. As we seen with the SNB in Jan, BOJ last night, and the potential catastrophe with the Fed, gold is fundamentally bullish and until real growth absent central banks become apparent, gold will be supported.
+1 Reply
Technician CommoditiesTrader
I am long term bull on gold. But as you can see, that was an intraday quick short, based on technicals.. Anyway, i am satisfied with the outcome because what matters for me is the process.
+5 Reply
Hello guys!... would you guys say that gold broke out to the upside already?... cheers!
Update: Stopped out
Profit = - $600.
Balance= 30,000-600 = 29,400.
+9 Reply
FXMONA Technician
Doesn't matter.. 98 remains.. :)
+1 Reply
Thanks, i am not annoyed at all by this loss. Am annoyed by the EURNZD trade stopping me at break-even before heading to my targets :). Anyway, some ppl made some profits and thats make it easier on me :D
+4 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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