theoris

Buy gold back small lot first

Long
theoris Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
First entry 1497.5
detail in comment
Comment:
buy small lot first because yesterday has volatile and next week FOMC too
Gold may sideway around this zone and may spike below 1490
if we can see strong reversal may buy more or buy more if drop to 1490
This idea in valid if Gold drop below 1484.

PS: SL is large so don't overtrade. use suitable lot
if we can win we will win big . and small loss.
Comment:
This green TL it is another signal for support .
If break down Gold will hugh drop pls beware of this case too.
I may not online all time because I am not in office.
If i have some time , I will update later.

Comment:
as usual profit 60 pips
I partial close move sl to be
and let 's it run as it can
Comment:
My job is done.
enjoy weekend

^^
cheer
Comment:
some friend ask in msg .
they ask "Can buy more ?" - No I think If we win don't take more risk
and
Can we sell ? = may be but today end of week I don't take risk .
this time is retracement everthing is not clear until FOMC.
we only trade and exit . don't greed .
Market still open we can walk in everytime . if we have plan and will accept loss too. Only good money management we will stay on this market.
Hope you can understand my idea.
FYI
Comment:
Reaction from TL show sell signal
Comment:
After 80 pips profit If you Ok and don't want to have position and close all
and would like to sell ( this is risk ) you can sell around 1504-1506 sl 1508
This guildline for who would like to short.
but
for me I don't entry only keep buy position till it hit be or TP1
( because I don't want to take risk at the end of week )
FYI
Comment:
100 pips now
Gold dip around 30 pips at TL zone and come back to 1508
if can break up TP1 will hit or if not see you at BE
let's wait ...
Trade closed: stop reached:
After news
Gold drop hit BE
After this I only scalping trade
new idea , Let 's try again next week.
Comment:
msg. ask about what bias in gold after this
I still look Gold to 1511+ unti break down 1483 or break green TL
that i told on above
FYI

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