Gold is trying to buy after the enormous drop from this morning. The banks see the liquidity happening in all of the buy orders and stop losses around 1945. Gold will buy until around 1957.50 ish (also .618 retracement) then it will sell straight through to around 1935- 1940 to take out the liquiity that has been forming for the last 2 hours.
Here's a better look at the liquidity forming
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Touched the entrance and rejected for a moment. but still buying. It's sruggling at this price area.
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I'm finally starting to see the positive. If you entered around 1959-1960, congrats, you nailed it.
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tp 1 40 pips. Move SL TO B/E
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200 Moving Average Causing some reisistance. Also it's testing Support at the moment. Let's see if it can break through.
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Of My 100% let sizes. TP I took 50 %. I took another 40% as it back tracked to 25 pips.
I'm now leeting 10 % float in hopes it may turn around otherwise I'll break even on 10%.
not a bad gain.
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I'm not going to be in draw down in hopes that it turns around. I'd rather break even and look to see if we can have a better entry. The point is never to be in red.
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Added another position for a 40 pip scalp. And just added another. I knew this was going to be a golden area!
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That other position I added. Take another 35 pips of profit. And still running. About to hit 40. 3 positions on this one call and over 100 pips. This is isn't even counting my 40 pips I got on UCAD. Yeah, I lost 30 pips on EURUSD, but I used a very small lot size. Anyway. Here's bread:
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Well after took the last bit of profits about 20 pips ahead of my last sell position. I saw that it was foing after the liquidity above. So I turned around and bought at 1957.49 and got a nice 20 pip scalp to 1939.53 Strangely, I'm still holding a small portion with my stop loss ab break even