GOLD Inside Bar formed at high place

FX:XAUUSD   Gold Spot / U.S. Dollar
GOLD             Inside Bar formed at high place

1208 is key resistance
and now inside bar break down

therefore we can short gold            
SL 1208
TP1: 1197
TP2: 1180
Hi Guys
I think this correct time to short Gold again many thanks pro
thank you jack
What is the recommended approach for when the TP1 hits? What percent should be closed? 25%? 50%? 75%? Should a Trailing Stop be entered?
+3 Reply
great jack master
my GOLD view
@ClaytonAshley use a demo account my brother until you learn to trade so you can make as many mistakes as you need.
I've turned $300 into $10,000 using Jack's ideas as a guide. Money management is the most vital part of trading and not over leveraging.
We all start from somewhere, 100% accuracy in trading is impossible. Try not to panic and go at a pace that feels most comfortable.
+12 Reply
jacmic AussieTrade
@AussieTrade, 300 to 10,000 nice, how long did it take?
+6 Reply
About 6 months but I got lucky a little. Mixing my ideas with Jack helped. Knowing how little I can lose with tight stop losses killed my mentality of over thinking trades. Winning big but when I lost it didn't make a scratch in my capital. Win big and lose small so you're always in profit.
+3 Reply
Lasertrade AussieTrade
@AussieTrade, Got any fx book or such to prove your trades? Would really like to see your equity chart.
Good stuff, man. It's okay that your stop loss got knocked out, it happens.

I followed my own trading rules (loosely modeled after yours) and got stopped out by just 1 pip on EURUSD before it rocketed up 60 pips. It's better to consistently win, even if it means consistently losing, because then you know your wins will always exceed your losses. Keep doing amazing things, man, you're very inspiring as a trader.
+4 Reply
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