As discussed on my June #28 commentary: "My position: As I am not interested in Buying Gold on both Short and Medium-term, therefore I engaged my Selling order on #1,778.80, calling for #1,747.80 extension. My Stop-loss is set a bit wider since my margin allows, as I am on #13 Profits row and #2 Stop-loss hits regarding May - June fractal . I am expecting aggressive Selling sequence on Gold within #1 session (if Yields remain above Lower High configuration)."
After holding the position for #2 sessions and moving Stop-loss on my entry (for security reasons), I have closed my Selling order (#1,778.80 - #1,755.80) with huge Profits and decent #23 point spread earner. I will not make any more calls today as I will comfortably remain on sidelines for the session. I will use this chance to congratulate Traders who followed my call and had patience to hold the position. Enjoy the Profits!
Regarding May - June fractal, I am on #14 Profits run and #2 Stop-loss hits.
Nooo bear, you closed early, we are in this together. 1735 short-term, 1678 mid-term !! I am still holding my sell, I moved sl from 1803 to 1773 though :D Congrats btw :)
goldenBear88
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@Raxiyan, Indeed an spectacular commentary, always welcomed on my comment section. I certainly agree with your strategy, but sometimes it 's better to book Short-term ones and have bird in your hand, not on the tree.
Raxiyan
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@goldenBear88, I am taking your advice, closing one of my orders thx :) 1819 to 1755 sweeeeet.
Raxiyan
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@lukulus, yeah it is about to hit :/ it will be closed with profits anyway if hits.
Raxiyan
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@lukulus, Actually it didn't, I closed one of my sell position at 1755 as I mentioned above. still holding 3 of them and not gonna close them. either stops at 1803 or TP at 1680. even if all sl hits for all three positions I am sitting on total of approximately 19000 pips profit so I am happy :)
Raxiyan
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@lukulus, one of my shorts is from 1902.5 :) by the time sl was 1905. Price got rejected at weekly open (1903) 2 times. I got in at the third time. Other two are from 1848 and 1845 sell stop on fed day. Actually I also shorted at 1766, I was expecting an agressive sell again if previous day's low is broken but price went up and sl hit, cots me some pips. bad move...