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jslfx22
Aug 8, 2019 2:35 PM

XAU/USD INTRADAY SHORT IDEA Short

Gold/U.S. DollarFXCM

Description

LOOKING TO SHORT GOLD BASED OFF OF SMALLER TIMEFRAME BREAK AND RETEST OF THE TRIANGLE, A LOT OF WICKING HAPPENING

ENTRY MARKET EXECUTION
SL 50 PIPS 1500 AREA
TAKE PROFIT 160 -180 PIPS AROUND 1476-78 AREA

Comment

you may even take profit around 1483-84 area for good 90+ pips

Comment

also bring stop down to about 1498.50
Comments
north01
unlucky stopped
jslfx22
@north01, yep. But as you see it did drop some depending on entry but I entered right after I sent it as market execution and was 18 pips in profit I think and seen it was slowing down so I put stop loss at breakeven as I mentioned in my other comment and I got stop loss at breakeven
jslfx22
@north01, also if follow me then I took a sell earlier in this morning and it hit take profit if you look at my other gold trade...then I was looking for the break and retest entry for a 2nd drop on this trade but it didnt take so that's why I moved SL to break even so quick
jslfx22
@north01, also mentioned 4 hours ago I got stopped at breakeven and it's not ready yet and that it could push one more time to 1508 for a double top basically
jslfx22
@north01, as you see by my status I'm a day trader/ scalper so I usually keep fairly close eye on the chart and move my stops to breakeven fairly soon
jslfx22
Stop profit at break even...didnt drop like I wanted it too and macd starting to curl back up on the H1 so I dont think it's ready for a good drop just yet. Might pull up for one more push to 1508
damon_valencia
I like your idea !
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