Loii
Long

CASE FOR NEW TRENDING BULL MARKET!

FX:XAUUSD   Gold / U.S. Dollar
1954 13 30
CASE FOR NEW TRENDING BULL MARKET!

1. We had a 5 in a row bullish daily candle close which hasn't happen since early Feb
2 .This happens all the time when daily RSI is above 70! See late jan - early feb trending rally.
3. DXY             is about to break its major support levels

Currently only long 0.5 lots with a stop loss under $1270. low risk for me
Comment: 1.5 lot long
Comment: top is $1325. will take a week to get there if we break $1285
Comment: 3.5 lots long
Comment: top range is $1320-1325
Comment: This bull could end on the 6th of may after nfp next week!
Comment: 9th may is a monday, so its unlikely
Comment: buy stop all set. buying up till 1300.
Comment: These trending market moves only happen a handful of times a year, this is it and the top will be $1320-1325 before any major correction. i will short at those prices.
Comment: I will short on 9th may or short at 1320-1325 whichever comes first! ;)
Comment: 5.5 lots long ;)
Comment: 7 lots now, my gold is to have 10 lots all with break even stop loss ;)
Comment: tp1 is 1308, i will close 50% trades
Comment: tp1 *1307 (correction)
Comment: i closed some profits on fri, got 3.5 lots left. i will hold until end of friday. big floating profit atm. around 4k aud
Comment: if will only short at 1325 if i see some resistive action on gold, if not i might hold 50% until 1340 then 1375-1380
Comment: partial close + manual trailing sl at 1287
Comment: still holding around 4 lots, might cut it down to 3. depends on the movement tonight.
Comment: I expect a 2-3 week rally. this has occured countless tmes in the past few years. the tricky part is to determine if this rally is 2 or 3 weeks.
Comment: got out of my longs
Comment: now trading the range from 1285 to 1300
Comment: long from 1284, tp1 1296, tp2 1300
Comment: im on vacation for the whole of may, will only be posting trade ideas maybe once a week. won tbe active much.
Comment: Sl hit. Looka bearish now. Too late to short. This might be bearish until fri nfp. Will stay out until thurs or fr
Comment: potential bottom is at 1260 for trend channel h4. if this breaks look at 1243. these two prices i will long with $3-4 dolalr sL good luck.
Comment: 1275 seems like a good bottom but becareful, use tight sl
Comment: can still go lower according to h4 charts but its possible this can be the bottom if nfp is negative
Comment: tp 1323-1325
i think you r near your 9th may target.. Good luck
Reply
good luck
<
TARGET 1308

first down later up movement
Reply
Sl limit?
Reply
Sl hit. Looka bearish now. Too late to short. This might be bearish until fri nfp. Will stay out until thurs or fri.
Reply
Enjoy your vacation ;)
Reply
have a good vacation~
Reply
TGT@1325, 1340
Reply
What to do now carry long or going to short @1302
Reply
Loii yeoledinesh
what does my chart say?
+1 Reply
Nice analysis;
Reply
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