FX:XAUUSD   Gold / U.S. Dollar
8553 124 127
I've started to post an Energy / Stock / Metal Trade for the followers to trade.
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            
Price: 1210.62
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.)
TP: 1235$

I used the light green line to count the TP level from the pattern.


Comment: I'm not going to take profit because the data is so weak that we will go much higher.
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....
Comment: Selling 20% of the XAUUSD position.
Selling 5 XAUUSD at 1241$.
Comment: Selling 40% gold of the position in Metal trade
Selling 10 XAUUSD at 1246.50$
Comment: Closing all XAUUSD positions before Yellen's speech.
Selling 10 XAUUSD at 1242
Comment: Selling 50 XAUUSD at 1244$
Comment: I'm short in gold right now.
50 XAUUSD short
Margin impact : 4,7%
Comment: Here we go. I post in 5 minutes.
Comment: We have a profit on the last XAUUSD long :
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$) and this short position to the Metal trade 3 as I will try to add to the short position at the hourly pullback around 1240$.
Comment: Selling 100 XAUUSD at 1239.64$
Metal Slug 1, 2 and X ! Awesome !
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Very funny mate Metal Slug LOL hahahahahahah BTW pullback was already expected mate
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Wave-Trader PRO Wave-Trader
snapshot
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Yes and we traded it in real time making profit on it.
I haven't seen your real time enters.
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Wave-Trader PRO chartwatchers
expecting top at 1320
look at this idea and updates mate how i traded on it in real time mate.
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Wave-Trader PRO Wave-Trader
and by the way updates was with the live market mate
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watsonzou26 Wave-Trader
Looks cool!
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Please check this and let me know what you think... this is my first attempt at Gartleys https://charts.mql5.com/11/420/goldmicro-m30-trading-point-of-2.png
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Excellent analysis sir, I agree; last two days looks similar to the base built on 5/30; I am looking for a similar previous breakdown bar for a 1232 target
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smitheric1970 PRO smitheric1970
intra day view  
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smitheric1970 PRO smitheric1970
snapshot
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Awesome, thanks again for the update Arpi. I'm riding with you on these trades -- good luck to us and everyone else who joins!
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THANK U VERY MUCH ARPI AND HAVE A GREAT WEEKEND
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Thanx. But it's only Thursdsy. Tomorrow will be
a long day before the weekend.
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Chartwatcher are you expecting a bad NFP number tomorrow well under expectation?
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Yes.
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Renegade7 chartwatchers
Great call mate, didn't trade today was out gallivanting. Do you expect follow through on Monday? those numbers were indeed lousy. I heard back to 1300 we go. No june rate hike. Have a good weekend.
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Chartwatcher
Would you kindly share your comments on USOIL? Thank you
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Seems to me wants to break higher.
Tomorrow or at the weekend I will post in oil
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Maximum bounce for today 1223. Arpi, i wish you can open Slack trading room for your followers. Just google slack. Few stock traders start using slack. Easy and fast to deliver msg.
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isaac312 PRO saint_athur
hahahahahahaha
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Care to explain why your TP is at 1235?
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It's an old method to set TP from the pattern. The take profit is counted from the triangle's height.
Watch the thick light green line what I moved from the triangle to the raising triangle's horizontal line.

Unfortunately it seems it's becoming a simmetric triangle now....
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MiDiGre PRO chartwatchers
And does the TP change with a simmetric triangle?
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Arpi, can I ask what leverage you use?
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Arpi...you should be a motivational speaker man...I am your new follower...respect to you man. I asked you so many questions on the trade as I was Long on this and bit skeptical..you answered each and every one of it. Hats of to your patience. I am Long and I closed one lot to ease a bit...to take the emotion part out of it. Thanks.
+2 Reply
superb!
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sir can i enter now please rell me
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Nice.. my elliott wave is working goes to 1300 again.. running wave3
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what the hell :)
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Chartwatchers, not sure where can I find "I will post the update in the "update status" section of the portfolio post. Can you direct me to Portfolio Post? Thanks.
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I just checked and i was out at the TP 1235 i set yesterday. I would gladly wait with you but since I'm working i had to set it automatically.
I'll be waiting for the next step..
I n the meantime thank you for the great trade and profit!
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very pro trader :D, hit the trade TP in a blink of an eye, anyway my question is : can it reach 55 or so, i realy need to close my buy from there
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Wow so new posiition. I am sad that I dont see you
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Small position lol... 10000USD would be my whole account into trading, feeling soo poor.
You are great trader, still regretting that I didn't see that yesterday.
Next ideas will be really helpful.
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chartwatchers PRO ja.piotr.bor
The money doesn't matter. Start with 1000$.
When I open 25 ounces you open just 2.

+3 Reply
Tenbears1979 chartwatchers
What do you think is the top of the move? I entered JDST this morning around 1245. I think though I could be down before up $ wise. I always react a bit early...
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ja.piotr.bor chartwatchers
Ok. I bought after going big candle up and set stoploss to have small gains it hitted and go up more. But I have my minig corp, close it now also, because I am more a day trader using much higher leverage (you have I think 1:3 or 1:10, I have 1:100, it's killer, and i most drop it, invest little money, and have good winning strike, and then lost with gold and silver - with just too tight sl which were close to the lowest point...) if wouldnt put sl which I thought - I would till now not in big loss bit in huge profit. I guess it wasnt smart. Still will be watching.
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did you closed your longs positions? i am still long until 1250. Where is your TP for that small short? 1230 guess?
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chartwatchers PRO alanprotrader
Just 20%. You can close also a bit. Or wait till Monday. Im quite sure we see 1250. Maybe 1260.
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Newbie needs help!!! Anyone can help me to understand what is the meaning for "Margin impact : 629$ (3.92%) " ? Thank you in advance!
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He is risking only 3,92% of his account that represent 629 in currency (money)
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Apple2016 alanprotrader
Thank u alanmunoz25!
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Chart watcher, don't know if you follow silver too, but maybe you could answer my question. On the weekly chart I saw a breakout of the downward channel and what I thought was a classic pullback. So I'm in long on silver for the long haul since last week.
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;
snapshot
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And on a side note: following your posts I doubled my (very small) equity today. Saved my account and more! I will keep very close track on your posts next week. Have a great weekend!
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When can we see the last decline in gold ? This final to 11xx? In 2-3 weeks? I want to buy from there and must prepare some money for it, to be ready.
Reply
chartwatchers PRO ja.piotr.bor
in 2-4 weeks we will be there
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Hi Arpi, do you think we will still have a panic selling of gold in couple of days or weeks, or that moment was already over several days ago? You have a good weekend.
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chartwatchers PRO michaelkid_wang
I still think that the final decline is ahead of us.
Next week Monday-Tuesday will give us the answer.
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michaelkid_wang chartwatchers
Thanks Arpi. Since I hold short since ~1240, I am wondering I can still hold or dump it to reduce the loss?
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michaelkid_wang chartwatchers
I meant I has been holding short since the last decline...
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saint_athur michaelkid_wang
I already close my short 1242.70 today with small profit. I will wait 1268
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nnavarrete chartwatchers
Are we okay to short now ? or are we waiting for the meeting to be done? I just opened a tiny short on my test account just in case xx JDST @ 13.60 and I am hedging it with 15 JNUG @ 143.80. We are waiting for your signal to go full short or if we go too high above 1265, all of us will be waiting for your wisdom. Have a great day! - I still have 15% of my initial JNUG position from my main account @112- SL 136. - Currently trading at around 144.
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arpi, u sell 40% from your long position?
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