Gold is back yet again under 1298.
Like mentioned in the previous Idea I didn't like the 92 nonlogical break that should tag 86 as a target.
Furthermore, I mentioned how EUR USD can be used with Gold as they both are twins. Experience shows that EU always hit the targets way faster than Gold does.
So it can be used as an indicator as well.
When I wanted Gold to erase FOMC shakeout EU did it almost the next day, Gold did it later on, and now followed up EU once it calmed down.
IF EU starts to go back up, that means Gold will follow sometime later!
I have never disclosed this information, so take it for what it's worth.
It would be good to tag 1298 before any downward movement.
The targets could be 92 - 86!
At 86 I would take profit, but there is a possibility for that 1271 ( signaled by the first break of 1304-1298 )
I don't know how long this will fall, but I will wait for NK to shoot down some USA jet so I can maybe catch the ride up to 1348 following intraday.
So far anywhere below 98, it is a sell unless proven otherwise.
So this is the trade I will be looking to execute over at 2-100k challenge desk.
I have updated my status page about it.
The Good thing is that now I have a " bumper " first trades are always important to gain some profit.
As I have made almost 50% on 2 - 100k account, I can afford to have a losing one!
In this challenge, I am not afraid to lose a portion of profit or profit in general! The most important thing is to protect the initial deposit because as long as it is there, the challenge remains intact. That being said If I sell today at 98 and have a 300$ loss if it breaks it and goes up, that will be still okay as I have gained a space for more riskier maneuvers!
Like mentioned in the previous Idea I didn't like the 92 nonlogical break that should tag 86 as a target.
Furthermore, I mentioned how EUR USD can be used with Gold as they both are twins. Experience shows that EU always hit the targets way faster than Gold does.
So it can be used as an indicator as well.
When I wanted Gold to erase FOMC shakeout EU did it almost the next day, Gold did it later on, and now followed up EU once it calmed down.
IF EU starts to go back up, that means Gold will follow sometime later!
I have never disclosed this information, so take it for what it's worth.
It would be good to tag 1298 before any downward movement.
The targets could be 92 - 86!
At 86 I would take profit, but there is a possibility for that 1271 ( signaled by the first break of 1304-1298 )
I don't know how long this will fall, but I will wait for NK to shoot down some USA jet so I can maybe catch the ride up to 1348 following intraday.
So far anywhere below 98, it is a sell unless proven otherwise.
So this is the trade I will be looking to execute over at 2-100k challenge desk.
I have updated my status page about it.
The Good thing is that now I have a " bumper " first trades are always important to gain some profit.
As I have made almost 50% on 2 - 100k account, I can afford to have a losing one!
In this challenge, I am not afraid to lose a portion of profit or profit in general! The most important thing is to protect the initial deposit because as long as it is there, the challenge remains intact. That being said If I sell today at 98 and have a 300$ loss if it breaks it and goes up, that will be still okay as I have gained a space for more riskier maneuvers!
Comment:
I wasn't expecting a sudden Low of 92.0 today! That changes the setup a bit!
Could turn out to be a buy as well.
Could turn out to be a buy as well.
Comment:
The sudden spike with L 1292.06 changed the setup.
I mean there is still a chance for 98 sell but not that enthusiastic about it bcz of this 92 low.
So if you are going for a buy and if that is a successful one move SL to BE and watch what happens at 98.
92 90 support for intraday if broken down right away target 86.
I mean there is still a chance for 98 sell but not that enthusiastic about it bcz of this 92 low.
So if you are going for a buy and if that is a successful one move SL to BE and watch what happens at 98.
92 90 support for intraday if broken down right away target 86.
Comment:
So I was in a buy earlier today but I decided to close it at BE later on. Was not being comfortable.
But I missed sell because I liked 1298 more for entry.
Anyway 86 the target is hit. Now lets see what gold does.
But I missed sell because I liked 1298 more for entry.
Anyway 86 the target is hit. Now lets see what gold does.
Comment:
86 can be the possible bottom if 92 is now broken back upwards.
Comment:
Failure to break 92 upside.
I think we head more down to that 1271
I think we head more down to that 1271
Comment:
So far as some u noticed
I opened sell on 2-100k account.
Great trade. Sl on BE
I opened sell on 2-100k account.
Great trade. Sl on BE
Comment:
I will be monitoring intraday like a hawk to probably catch a train up to 1348.
That trade if done properly with 1 lot will make so much difference for this challenge.
That trade if done properly with 1 lot will make so much difference for this challenge.
Comment:
EUR USD will be a great indicator for that. Once EU retraces. Gold will follow up later on
Comment:
Now if Gold can make it over 92 and close it, it can be the day of a reversal!
Trade Closed, hit BE.
Have a Good one.
Trade Closed, hit BE.
Have a Good one.
Comment:
No matter what close price I test to see the data, it signals a reversal!
We could probably start to go up lads n gents. So 82 can be a bottom for some time.
It can change only if makes new L or H of the day!
We could probably start to go up lads n gents. So 82 can be a bottom for some time.
It can change only if makes new L or H of the day!
Comment:
Close price somewhere here 87 86 is, even more, bully than close above 92
Broker Fxpro
Nr: 9080984
Psw: TheZabisyu
Server: Real 05
So you can see the trade history and setups taken during this challenge.
These are the 2-100k challenge acc details as mentioned before.
Wish you Good Luck.