XAUUSD Buy

2 nov 2016Gold is looking like it wants to take off again.
Broken above 200 ma on the 4 hr.

2 nov 2016

Commento

Taken some profits waiting for the breakout.

2 nov 2016

Commento

Im on this up move for the long haul, it could pull back, but there is nothing stopping it from going over 1300.
Soon I will place a trailing stop and hope for some big gains.

2 nov 2016

Trade chiuso manualmente

I have closed my position and will wait to reenter on a pullback, momentum seems to be stalled around this price for now.

2 nov 2016

Commento

Bit of luck there and down it goes!.

2 nov 2016

Commento

So far I have timed the momentum pretty well with this trade.
I never did trail my stop which is something I am slowly working into my trading plan.

i am trying to make a sustained effort at the moment to only take certain setups and be more disciplined with my trades which is tough when the market is patchy.

2 nov 2016

Commento

My thoughts on gold are that fundamentals are more important than technicals at the moment and we could go far higher before the election.
We could go down and test the cloud but from there 1340 is in sight.
I will only take long trades from here but only when I see momentum from clear price action, a bounce off the cloud or a break above 21 sma.

2 nov 2016

Commento

Technical indicators are looking bearish but I am keeping an eye out for sudden massive upside moves over the next couple of days.

2 nov 2016

Commento

Ive opened another buy position on the break above sma 21.

3 nov 2016

Trade chiuso manualmente

Closed this trade price moved below ma21 so I closed it waiting on another move above for a small loss.

3 nov 2016

Commento

Got back in above ma 21 hoping for a breakout to new highs at the moment.