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IvanLabrie
Aug 12, 2015 6:38 PM

Gold: Update Short

Gold/U.S. DollarFXCM

Description

Entry on chart..
Look at rgmov, despite the advance it barely bulged, CCI went back over -100 but the zone we're in is a strong monthly and weekly range expansion resistance.
The entry is pretty tight so I think it's worth a shot despite the lower odds.
Good luck!
Cheers,
Ivan.
Comments
IvanLabrie
In, and patiently waiting.
manijeh.kazemi.33
HI JVAN TP?
IvanLabrie
No tp for now. I aim for 913 give or take.
IvanLabrie
Entered short!
stragaw
Ready ))
IvanLabrie
This has to be the tightest entry...now crossing every finger.
manijeh.kazemi.33
thank you jvan
IvanLabrie
Stopped, long activated, I closed it for now.
Will wait a bit, shorted with a very tight stop again, but I won't chase it too far. Watching to catch it on the way down.
IvanLabrie
1h time at mode trend signal, expiration matches with FOMC.



Don't leave your screen!
We can't miss out here.

Entry will be as tight as can be.
I will hedge the stop loss with an opposite long position, split in two orders:
Long at weekly range expansion bar open (true range, or prev close if gap). Use your platform's open, or mine: 1133.
-75% risk size long, SL 1 ATR, TP 1 ATR.
-25% risk size long, SL 1 ATR; TP 1153.

We can place the long already, and wait to enter the short, with long entry as stop loss.
IvanLabrie
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