FX:XAUUSD   Gold Spot / U.S. Dollar
1400 34 13
Comment: this technical analysis is still valid! gold just went parabolic down which suggest this is the last leg. i am holding all my positions. my floating drawdown is at around 20%
Comment: for risk management i suggest 0.1 lot per 3.5 to 5k. and max only 2 positions per market/pair.
Comment: this support works better
Comment: my entries are 1327, 1307, and 1270. im holding all 3 positions for 4-6 weeks. my current floating drawdown is less than 25%
i see support at 1370. i will add additional positions if trend reverses.
Comment: we held and now trades are in profit: http://i.imgur.com/KBGMWoq.jpg
Hey loii agree with you - good luck mate;-)
perfect support
+1 Reply
Will you change support level one more time :)
Loii ayildirim
nope based on linear regression channel this is a bullish signal if it overshoots by a few dollars. if we close above 1280 we are good.
+1 Reply
So, now it is touched 1273... Still keeping your idea? Do not you have any stop loss level :)
Loii ayildirim
our stops is around 1260. current dd is less than 20% normal for trading :)
You lost boy.... You are always changing your mind. And do not have any proper strategy & Graph
Loii ayildirim
nope you're wrong, quote from my website:
Risk Management:

Low Risk: (Stress Free)
0.1 lot per 5k USD (Recommended for new traders) (1000 pts / 100 pip loss is 2%)

Medium Risk:
0.1 lot per 3.5k USD (Recommend for experienced traders) (1000 pts / 100 pip loss is 3.0%)

+1 Reply
Loii Loii
learn to use the correct risk management next time and you will be fine, i been trading for 10 years, you learn a thing or two about risk.
Risk management? Even you can defined your risk :) ... Changing support levels. Not clear stop los levels "Stop loss is Around XYX"
Of course gold will bounce somewhere :) But I am afraid you /your guru do not now this level... Good luck
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