I will post the update in the "update status" section of the portfolio post.
Starting capital is 10.000 $ in each portfolio. When I close the actual trade I will move the whole amount to the next trade - in this case it will be Metal trade X.
Metal trade 1 ended with 6047.5$ profit.
I'm going to play tomorrow's NFP data with a small long position:
Starting capital from Metal trade 1: 16047.5$
Buying 25 XAUUSD
Margin impact : 629$ (3.92%)
Pattern: raising triangle
SL: 1199 $ ( But most probably I wil not use a stoploss because even if we go down 100$ - what is the maximum in the intermediate decline in my opinion - I will loose only 2500$ from the previous profit.)
I used the light green line to count the TP level from the pattern.
All those who enterd into this position you can decide to take profit here or wait with me.
I will post when I get out.
Unfortunately it's a small position only.... But it was a small risk only with this tiny position....
Selling 5 XAUUSD at 1241$.
Selling 10 XAUUSD at 1246.50$
Selling 10 XAUUSD at 1242
50 XAUUSD short
Margin impact : 4,7%
5 XAUUSD (1210.62$ ---} 1241$) 151.9$
10 XAUUSD (1210.62 ---}1246.5) 358.8 $
10 XAUUSD (1210.62 ---} 1242$) 313.8$
Alltogether: 824,5 $
And we have 50 XAUUSD short
I will move the capital (16047.5$ +824$) and this short position to the Metal trade 3 as I will try to add to the short position at the hourly pullback around 1240$.
However, there is a big correlation between silver and gold. So if you expect a big drawdown in gold next week, should I also expect it in silver? Would mean that my chart is no good, but not sure how to interpret it otherwise;