Gold : Wolve Pattern

FX:XAUUSD   Gold Spot / U.S. Dollar
182 6 10
Good day traders,

I´m playing a potential Wolve Patern in Gold             . I´m entering long at market with SL below 1050 . In case of breaking down, we could see a test to 1000 round figure where I will enter long again.

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6 Trading Rules :

1. Never add to a losing position .
2. Don´t be the first to buy low and sell high ., and don´t be the last one to exit
3. Think like a fundamentalist, trade like a technician .
4. Keep your analysis simple
5. Start small and increase exposure when trend is confirming your analysis
6. The hard trade is the right trade

Josep Pocalles
Trade active: It seems long side is the market consensus. If you are not long yet you can re-enter long with SL below 1040
Trade active: Happy new year everybody !

Long still a good opportunity while above 1060 , My targets intact around1170 area
Trade active: Move stop to 1090 , profits locked in
Trade active: Trailed stop to 1099
Trade active: Trailed stop to 1105
Trade closed: target reached: I´m happy to exit this trade now with decent profits, I will wait for a retracement to re-enter again

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Really nailed this entry. Are you adding to the winner?
+1 Reply
Realisto_FX IvanLabrie
No, market remains erratic and a retracement could erase the already locked profits . Instead to adding risk in same trade I open new trade with usual R/R to keep consistency
Realisto_FX Realisto_FX
New trade with other pair I mean
IvanLabrie Realisto_FX
Ah, it makes a big difference...these things can move way more than expected in your direction.
+1 Reply
New minor bullish breakout & continuation :
1080 is holding as support, bullish outlook remains

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