GOLD / Holding
Updated
Wasup, do we still look up?
Yes, nothing have changed on my radar.
What was the red area in your last chart indicating?
Red zone is a zone where I was adding buys ( pyramid principle ), and daily close below this red area is where I start to hedge.
Since we did not have daily close below it I did not hedge because I don't need to.
My entries are:
1224xx
1221xx
1220xx
1214xx
1206xx
1200xx
Taken using pyramid principle that means every lower position is taken with much bigger size than before.
Aiming for the same targets.
Why you don't post screenshots with your acc and positions?
Because TV administration made a new house rule that prohibits to post such screens and based on that kindly asked me not to do it, that is why I cannot post these screenshots otherwise I will be banned.
This is just a follow up since a lot of you ask what to do with positions.
Like stated before these trades will be rewarding only with right risk management in confluence with patience.
Take care.
Yes, nothing have changed on my radar.
What was the red area in your last chart indicating?
Red zone is a zone where I was adding buys ( pyramid principle ), and daily close below this red area is where I start to hedge.
Since we did not have daily close below it I did not hedge because I don't need to.
My entries are:
1224xx
1221xx
1220xx
1214xx
1206xx
1200xx
Taken using pyramid principle that means every lower position is taken with much bigger size than before.
Aiming for the same targets.
Why you don't post screenshots with your acc and positions?
Because TV administration made a new house rule that prohibits to post such screens and based on that kindly asked me not to do it, that is why I cannot post these screenshots otherwise I will be banned.
This is just a follow up since a lot of you ask what to do with positions.
Like stated before these trades will be rewarding only with right risk management in confluence with patience.
Take care.
Note
I notice FOMC all over the place. People please stop asking me this question like I know. I don't know and I DONT CARE. I analyse gold from technical point of view I trade pivotal sentiments that I see on the chart. How do I can know what will happen on FOMC? Stop being so concerned about it. Yeah gold will drop rate hike will take gold down no doubts. Well then just open sell and keep quiet.I sense some of you are the same election day people that were certain about Trump being a president gold to the moon? Somehow it did not make it there.
You can never know what cards can be played, now they hike and gold flies up... who knows.
lol
Note
All I do know is that gold PV target ( 2nd one ) is 1430 that gold is due to met. What and what events will cause gold to go up there to tag it, I DONT KNOW. All I know that fundamentals around the world and various global economical events are about to fullfill it so gold can met it.Be less concerned about fundamentals they always follow technicals n stuff, otherwise it should be some sort of a magic lol. Why technicals point up and for example NFP numbers come out bad to fullfil technical direction?
NFP ADP all data beat the expectations where are you who said if that happens gold will be under 1180?
Not picking on anybody, just asking kindly don't get me involved in fundamentals or ask me about them. I barely follow it and i don't care.
Find other buddies for this discussion if it makes your trading better.
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