MetalCruisers

GOLD / 500oz swing / Interactive trading.

FX_IDC:XAUUSD   GOLD / US DOLLAR
Hello!
Well not so interactive since even my grandpa moves faster.
But yesterday Total profit is 4,4k euro             .
http://prnt.sc/cby9m3

Not so good day to be honest, since it could be better.
Okay, let's start the day, and remember, this idea should be used only to compare things with your setup, if you see that for example I am opening buy, you should consider what your setup says, and if it is the same, and you feel you can open buy too, go away. With that said, I am not responsible for your actions.
TPP
Comment: Looking for trade, still nothing worth. Relax.
Comment: Okey, what I see here is that Gold could go for a sell, but we still need confirmation.
There are two heading points As you can see in the screenshot 1 of them is 1325.
The second one was 1320. It is very important to see which one is met first. after opening today price went up first to 1325, and in that case it is more like a sell. If price would go down and first see 1320, it would be more for a buy.
So actually 1325 was a good place for sell because 50% is located there as well!
http://prnt.sc/cbyu0e
Comment: What I am going to look for now is if price breaks Reversal zone downwards ( 1320 ) I will sell for sure. If price breaks 1325 upwards, I am going to buy.
Let's wait and see!
Comment: Reversal zone could work as a buy level, but I just don't feel safe buying below 1325 mark. So lets wait and see.
Trade active: Runing 7 lots on sell. First TP may be 1315, and then maybe TP 2 1312.
http://prnt.sc/cc32p3
Fingers crossed is what they say.
Comment: Overall boring day.
Hope to see some action in 15 mins.
Trade closed manually: DXY approached 96.00. Gold is at 0% wave 5 zone. 1317 and was not able to break it. I considered to go out of shorts.
Trade closed: target reached: I am very sorry for ruining a good trade for you guys! My bad, and Sincere apologize for that. Hard day.. I shouldn't tell you to get out of sell just because some stupid DXY reached 96. But I was worried about 0% base from wave 5.. ahh.. BS.
I reentered the sell and forgat to update about that.
Remember this TP - http://prnt.sc/cc32p3

Well it was reached - http://prnt.sc/cc55kc
Locked profits right there.
I reckon price staying above 1315 today.
But anyway my bad! I am sorry.
That's it for today.
TPP
Trade closed: target reached: http://prnt.sc/cc32p3
Second TP 1312 met. Second trade closed.
I end this day with total of 3,3k profit.
Let me know in comment section about your progress.
http://prnt.sc/cc6su7

I opened buy as you can see, with small test lots, and may add if it goes up, but well see what the levels will show after NY close. Cheers.
Trade active: Not clsoing the buy I had. Still running it. Currently 300 in mius. Wait for NY close, see where the levels will take us next, and make decision, close it in minus or hold.
Comment:
GOLD / 500oz swing / Interactive trading #3
Where to go buy or sell? What level?
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:D.
If there will be a trade I will update idea.
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what is the tp for today?
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TP for what?
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gfknn5 MetalCruisers
you not trade now?
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Nop, I am not in new trade today, still waiting and looking whats going on.
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gfknn5 MetalCruisers
i see
thank you very much.
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gfknn5 gfknn5
did you sell gold now ?
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hello

did you open short now?
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Not yet, wait for clear break under 1320-19.
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Don't throw a sell in Support yet.
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gfknn5 MetalCruisers
noted, thank you
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If this 15 min candle closes under 1320, I may consider opening a sell.
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gfknn5 MetalCruisers
well noted ,
thank you
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Hello. what if the news was against us. please tell where to put the stop losse
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MetalCruisers elie70927834
Sorry, you have to find SL zone yourself. I trade without SL, and therefore I have no knowledge about where could the best SL level be at.
Sorry.
As well you should use your own trading plan and take this idea / updates just to compare.
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elie70927834 MetalCruisers
thank you for your quick reply.
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MetalCruisers elie70927834
NP. Cheers.
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Hello, new to this website, I typically dont use SL, as XAU/USD does move a lot and spikes you out, I prefer to use limit orders and set a goal, typically for the next 00 line. Thanks for the input, really helps my education.
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MetalCruisers RichardGogin
Yes. Nice.
I was thinking the same.
When I started trading Gold I had my daily plan, enter the market with 5 lots, and tagret 500 pips, what would be approx 2.5k profit, and get out.
Setting up Pending orders and targets is nice. Don't be greedy!
Cheers.
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RichardGogin MetalCruisers
Very similar to how I trade as well, I also use the 50EMA as well, mostly to get into a trade / support lines broken I enter as well, target being at least 200 pips per trade, not greedy, but I am sure FXCM do like me as a client :)
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Hello, I have buy at 1319.67 it will go up again or not? :'( or I should sl and sell that
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Why did you buy at that level man?
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I suggest you to hold it my man as far as Gold is not below 1315. Will you survive that?
If Gold closes above 1315 todayu, tomorrow heading point will be 1321, so you will be able to close it.
+1 Reply
chaween MetalCruisers
Ok, I will hold. Thank you very much for your suggest
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Let me check the data one more time for you my friend! Just a sec.
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Well if todays low remains at 1315.33 youll be fine bro! ;)
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But still you have to have a plan my man!
If 1315 broken, then what? Think about that. Either close in minus either hedge.
But 1312-10 will be kinda strong anyway, and 1312 is my target when it comes to sell. And buy entry as well.
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chaween MetalCruisers
Oh I can't hold to 1312 it too low for me :'(
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chaween MetalCruisers
I have buy 2 point that is 1319.67 and 1317.96 what should I do sir? sorry I'm new
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It's hard to give an advice, that my end up in lose and be wrong, I am not holly grail. But I would hold it open and put BE on both entry's while it is and closes above 1315 today.
+1 Reply
chaween MetalCruisers
ok Thank you :)
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Never buy on Resistance and sell on Support man! Your buy is just infront 1320 resistance. Take that with your sticky notes my friend.
+1 Reply
can I enter a buy now ?
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MetalCruisers GoldHunter
I suggest you to wait for NY close and new fresh Gold opening.. I will have new Idea up and running on opening.
But of course if your setup is suggesting buy here, go ahead man! :)
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GoldHunter MetalCruisers
I will wait for N.Y close and enter a buy as you suggested
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Out of interest I have noticed that at 0200 GMT during the Asian session there is always activity that is easier to trade, does anyone know who / why - I cant see anything on the economic calendars? Just interesting is all, take a look through the chart, there is usually volatility there.
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