If tonight drop below TL around 1500 - For low risk , you can cut loss first. and wait for new suitable entry again. If account can support high risk may buy more in green zone 1496-1500 I think Long position will invalid if gold drop below 1485.
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Buy more @ 1497.75
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Close First entry near entry with small profit and Hold second entry - move sl to be This idea is bad with high drawndown but profit , only buy limit can help if you set on lower zone.
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after 1 day Chart change Next res. is 1506 if pass can go 1511 now around 70 pips may partial close in profit ( from second entry)
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Gold break TL up
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123 pips don't do anything only Hold buy position . If you don't want to risk more can close all and trade again tomorrow. for me only move sl to be as i told on upper comment if price move 1524+ i will move sl to 1521. if not and drop to hit BE . don't reentry .wait till fomc finish.
@CreativeT, Market don't have any significant movement . Only hold buy position on last day.
may wait till NY session or till FOMC again.
CreativeT
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@theoris, I am in short position since yesterday 1497.88
theoris
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@CreativeT, Now It hard time to wait and see what's next
After this Gold can dip or rise because in the retracement step.
for me on find best entry and run.
This chart will see trendline to block path of gold if can break it will easy to that ways
( I still buy bias until it is higher than 1485+ )
CreativeT
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@theoris, I can hold until 1510 and now turning into hit and run positions but in each time frame Gold is in consolidation/accumulation.
CreativeT
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Sir, how can I be notified when you post Gold chart ideas?
theoris
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@CreativeT, Hi
Normally trading view will shown in idea feed as symbol yr select or from follower .
But this week I think system of trading view have some error in feeding update.
You may got me from Twitter too @thoeris
CreativeT
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@theoris, I started following you on Twitter and turned notifications on :) I love your charts and trading ideas. I am trading in Meta Trader 4 but personally I love Python. I am learning trading and you know it's time taking job and everyday in life and in trading we learn new things. I am implementing Bill Williams strategy with some of my own observation based on learning. I missed your yesterday's trades.
theoris
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@CreativeT, Thank you
Important thing in trading is Money management.
Please use suitable risk .
because No one can win 100% , must prepare when loss too
" Small Loss and Big win "
CreativeT
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@theoris, Yes sir, since 2016 I am working on Money Management and improving my strategy as I am learning from the experts like you.