Technician
Short

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

FX:XAUUSD   Gold / 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)

==================================================================

Reasoning:
  • 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.
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Technician
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Skype: Technician - The forex channel
thanks technician.. I am already short from 1182
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Another reason to go short: Five wave down, three wave up...
+5 Reply
nice one! good luck tech!
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gud luck..thank you
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Thanks.. Good luck
+1 Reply
doji is also few pips away from 0.618 retracement :)
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Do agree this time :D
thanks and good luck :)
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Placed a pending short @1195 and TP @1171.
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Thanks Technician to share your ideas!
how do you count your trades? I mean, if a trade is cancelled because it didn't trigger the entry, you count this as a "trade" in your "100 trades journey"?
:)
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YES :)
+1 Reply
Thank you so much for sharing (-:
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very reasonable trade. but i'm in buy. just due usd is weak for a while.
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Looking at the graph and the last hour of trading, why don't you decide to enter in the current price, if the reasoning looks coherent, the movement maybe already started.
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Technician TOP RafaelAlvarez
Due to risk exposure, risk/reward
+3 Reply
Tijmen_K Technician
I want to Thank you for all your answers on questions that people have. Im learning so much cus of your answers!
+1 Reply
yw :) happy to help
+2 Reply
Hi Technician, Your charts are great. People actually getting live lessons here. Very nice of you. Thanks for sharing your trade ideas. I am already short on this Instrument from yesterday. Let's see how it will go .
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Technician TOP One_Trade_A_Day_777
Thanks, good luck to you
+2 Reply
A second upper channel line also connects the May 22 and June 3 highs. Thanks.
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Done...
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ashif my friend, whats done?
+2 Reply
ashif030 Technician
Is it active?
I placed pending order :-(
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I placed a pending order too :D
+2 Reply
ashif030 Technician
pending order done.....
that I said :-)
many thanks for sharing
+1 Reply
gl
+2 Reply
agreed!
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anthony.pham00 anthony.pham00
snapshot
+1 Reply
trade is active ;-)
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active
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Trade was activated. Gud luck everyone
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Trade is active. Have a lot of green pips for everyone who joined.
+2 Reply
Im in the the trade also ;)
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I not agree with you. I am sorry but gold will be 1197
+1 Reply
gncdnl gncdnl
SL reached
+1 Reply
Sl reached.
+1 Reply
TahirAli Tijmen_K
No its still few pips away.
+1 Reply
anish_206 TahirAli
so close
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TahirAli anish_206
Yes.
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ashif030 TahirAli
right Tahir
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Tijmen_K ashif030
Hmm my trade closed @ 1.8602?? Weird...
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Tijmen_K Tijmen_K
118602 ofcourse..
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TahirAli Tijmen_K
Its strange as I have set a stop loss @1186.00 and it never got triggered.
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anish_206 TahirAli
It didnt touch 1186.00 so far
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ashif030 anish_206
yes... right anish
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TahirAli ashif030
Yes right.
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Tijmen_K TahirAli
Very strange... I had my sl on 1186 too. But if i see on the chart it never reached that point.. I dont know what happend :(
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TahirAli Tijmen_K
Call your broker.
+1 Reply
Tijmen_K TahirAli
Yes i Will!
+1 Reply
Tijmen_K Tijmen_K
Back on the trade now lets hope for some profits ;)
+1 Reply
TahirAli Tijmen_K
Good luck.
+2 Reply
Tijmen_K TahirAli
You 2 friend
+2 Reply
TahirAli Tijmen_K
Thanks.
+2 Reply
ajujohn Tijmen_K
Which broker you use? If its FXPRO they have a difference of .35 than the chart price...
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Tijmen_K ajujohn
i use plus500.. hope this isnt a bad broker. what do you guys think.. not happy with that to early STOP loss back there..
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Kalahari Tijmen_K
plus500 is a market maker broker ... not a very good broker. I'll suggest you change to a professional broker.
+3 Reply
Tijmen_K Kalahari
What broker do you recommend?
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GBPUSD



I think the price is going to break out in up trend, However I will wait to buy at the pull back with confirmation of strong demand zone.
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No_more_Post No_more_Post
GBPUSD

TP for GU +60pips
-10 Reply
Casey_Yeo No_more_Post
What's the purpose of posting this on other people's idea thread? Publish your own trade idea mate instead of on other's post.
+3 Reply
Thanks Casey, its really frustrating...
+2 Reply
i disagree. If someone else has a opinion that differs than the author they can post freely without ridicule. That's what TradingView is all about.
+2 Reply
Casey_Yeo QuantitativeExhaustion
If you care to look carefully, my comment is in 'reply' to the GBPUSD chart. So please enlighten me as to how this GBPUSD chart provides a differing view than the author of this XAUUSD idea post?
+2 Reply
I can't defend KungsomTrader, thought he was posting a Gold chart. Now I see he's advertising his idea here that is not related to gold.
+3 Reply
If everyone voted negative votes for users who post unrelated charts, they would probably stop doing it.
+4 Reply
Technician TOP QuantitativeExhaustion
True
+3 Reply
Still active:) ... and what's your opinion about LONG term?
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Hello Technician, thanks for sharing your trades.
I have started to follow the journey, and had a pat yesterday. Fine that it did not turno into red pips.

I am now looking at the XAUUSD setup (1D chart). At the moment, I see PA is nicely sitting in a descending channel, however, I have noticed that within the descending channel PA goes up with an increasing angle. This bodes for a higher probability for PA to break up, rather than remain in the channel. Consequently, PA may hit the SL with a higher probability than anticipated.

In addition, CC(20), MACD(12,26,9) and STOCH(10,6,3) are pointing north at this time (11:12 CET).
May be it's a good idea to find an appropriate level for scratching the trade?
+2 Reply
sl ((
+1 Reply
same :) Hesitating between re-entering in position, or waiting for price going down to R1 (around 1182)
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I didn't take the suggested entry position but rather placed a pending short @ 1196.77 because the uptrend is too strong at the moment.
+2 Reply
gncdnl Kalahari
I not agree with you. I am sorry but gold will be 1197
''2 hours ago''
+1 Reply
No problem. Losses are part of trading.
The risk was defined so we knew what was at stake, and it was our choice whether or not to put up the trade. This is valuable info for us.
There is soon going to be another trade.
Let's move forward.
+5 Reply
Tijmen_K LuigiFX
Excacly
+1 Reply
if i'm late entering the trade and now is past SL, what do you recommend, should I still enter if trend is broken ?
+1 Reply
SL triggered, do we do long ? or wait again and go short?
+1 Reply

snapshot
+1 Reply
Do u really like?
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Is this buy then?
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Good analysis but SL proved to be too small
+1 Reply
Gold:Chicago 10.30am: Resistance@1190.35 Now Inside Red Candle Running 1188.00. Another 1.30hrs for this Candle to Close. Can we sell at 1183.80 when it crosses the Mother Candle down? Awaiting ur Guidance. Thx Sudersan Rao.
+1 Reply
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
ashif030 Technician
SL is the part of FX...... :-)

any update on Gold?
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I just woke up, i will look at market in a bit and hopefully we will get something nice soon.
+6 Reply
FXMONA Technician
We are waiting for you. :)
+2 Reply
FXMONA Technician
EURNZD price going down now. If it didn't hit stop loss then first target already been hit. :D
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annoyed about that too, but anyways that's just the cost of sales of doing this kind of business. as long as the return after 100 trades is positive then great. 98 to go, good luck.
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ashif030 FXMONA
exactly :-)
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sudersanrao Technician
Thanks a Lot. As I am New , how do I Catch ur Next Trade. Is there facility to get a Text or E-mail. Pl Guide. Thx. Rao
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Technician TOP sudersanrao
You can follow me here at tradingview, after following me you will receive notification for my publications in the right hand side bar(bell icon). AND also you will receive email notifications.
+5 Reply
sudersanrao Technician
I am already Following . Thx. Rao
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what really amazes me is the difference with gold / silver recently. Silver is not following the same path as gold. Are we getting near a little bit longer term swing/position trade in Silver?
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Hello guys!... would you guys say that gold broke out to the upside already?... cheers!
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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 TOP 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.
Thanks
+5 Reply
Gold looks bullish.
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man your a legend..i like how u show you position sizing..soemthing i get stuck on for different trades sometimes
+3 Reply
Technician TOP 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