This is first trade in 30 trade journal starting now not next week because I like the setup. I am already in the trade as I posted earlier buy from 1247.1 which was triggered, but this is a separate idea with a new entry that I will be taking.
Please choose your own risk/reward ratio and do not necessarily enter 5% just because it is stated here. Do your own due diligence how much you can afford to risk. During the trade, levels may be adjusted manually such as SL moved to BE or in green zone protecting profit, trade closed manually, new trade added to existing one etc. If so update will be pushed out.
If we lose this trade the capital for next trade will be 9.500$ If we win this trade the capital for next trade will be 11.498$
Good Luck.
Dagangan aktif
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Trade is triggered and is active!
Komen
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Since the first move after market open is up and upper pivot was tagged first, Gold has a chance to visit 1247.50 If so at that point I will decide will I add more position at that level or I just keep the initial position. Remember this is just my own plan, not an investment advice. If I decide to take additional action I will update, of course, if 1247 is provided on the chart.
Komen
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More Details: 1254 is first "milestone" in this trade setup. On the other hand reaching 1254 means a confirmed pivot break at 1253 with a target 1261 ( confirmed ). But 1254 level could turn out to be some trick. That being said if I notice Gold tagging 1254 I would feel comfortable to move SL to BE protecting this trade from a potential loss, gaining nothing if BE is hit, but at least protecting the capital. So if you see Gold tagging 1254 you know that on my table SL is at BE. As well if the chart provides that 1247.5 additional trade will not be taken based on other factors I have! So let's see tomorrow where the Gold is at. Meanwhile, Good Night and Good Luck!
Komen
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I have changed TP to 1261, I hope we get there today. I think Gold is too exhausted today ( Friday ) to make it to the 1264, and trade won't be left open for the weekend. But anyway we have a winner. We should have 1261 today, if not trade will be closed manually anyway. GL
Komen
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10 minutes before the close price today I will decide whether close the trade or not. So far seems I will be holding it open for the weekend because the Monday levels with such close looks bullish, but to be more precise I will wait 10 minutes before the close. If setup looks promising trade will be kept open for initial target 1264 and we could resume on Monday!
Komen
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Approx Close price is providing a Bullish outlook for Monday So this trade is kept over the weekend and hopefully next week it can attain the TP of 1264 and be closed. Have a great weekend.
Komen
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SL moved to BE
As well I was not familiar with TV estimation tool, now when all is clear:
The right initial Potential gain is 1350$ Potential Loss WAS 450$ GL