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11021992
Jan 11, 2017 10:57 AM

GOLD: Can we finally get the breakout? Short

Gold/U.S. DollarFXCM

Description

Hi traders,

I've been looking for this breakout for a while now. Let's see if we can make it rain gold.

Cheers

Comment

There we have it traders.
Comments
Nuzzi
NICE!!
11021992
@Nuzzi, Cheers!
RubbaN
Hi, can you explain your plan once the trendline breaks?
11021992
@RubbaN, Enter short after the breakout. Targets are indicated by the turquoise line.
RubbaN
@11021992, What do you define as a breakout? Hourly close below line?
11021992
@RubbaN, Yep, preferably with some speed behind it to show that bears in are in control.
RubbaN
@11021992, allright, thanks for the info and sharing your ideas!
11021992
@RubbaN, No worries. Feel free to PM me if you have more questions.
RubbaN
@11021992, What happened here is what I experience to much. We broke the trendline with a good move down. Before that break I planned my SL @ 1192. The hourly close was around 1180. So we have 8$ to target one, and 12$ to SL, which gives a bad P/L ratio. And when this retard starts to speak things are totally facked offcourse.
11021992
@RubbaN, Haha, yeah the Trumpinator messed up the market yesterday. Regarding your P/L ratio (or R:RR as I call it) was not 8/12 :P.
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