Good day to everyone. Gold is moving with a bearish tone an I expect a low today around 1282 for my first target and 1271 by tomorrow at the COMEX close around 1271, my SL order will remain @1302. Remember that I apply intraday strategies and sometimes I can wait for days without having any profit so I recommend you suit your strategy to your expectations, that means booking profit whenever your profit exceeds a percentage of your investment. e.g if you open a position that represents USD 100 of your account balance and your make USD 100 you have got a profit which is 100% of your investment and that is something you don´t get easily on any other market, so to keep yourself in focus then do not think about profit as USD but rather % on you income. Now if you want to make USD 5.000 a month then your account must have at least USD 10.000 in equity, I guess the math is easy.
I have attached the daily chart which show what the targets may be within the descending channel that has been drawn since the 1358 high.
I have attached the daily chart which show what the targets may be within the descending channel that has been drawn since the 1358 high.
Sir. Can you give me advice to entry sell for right now?
ReplyDeleteWie, I would love to but if you read the disclaimer below I can´t provide advice regarding trades, I just share my strategy based on my analysis but I don´t expect anyone to follow my trades, sorry but this is currently a free site that provides guidance only. The general trend is down below 1299.
ReplyDeleteThx for the update sir
ReplyDeleteJust one thing if it fall below 85 should I take one more or wait till 70 first
Assess your risk, are you protected to withstand an hourly move up to 1299 before a move down to 1282? This is all about equity, calculated risk and projected profit. Just make sure your positions are not being opened out of greed but rather out of equity protection with a risk/reward ratio that is 1:3 as a general rule.
ReplyDeleteI think my account can Handel till 1310 sir
ReplyDeleteSir. XAU bull. I wanna cry.
ReplyDeleteDammm. what happening sir
ReplyDeleteAny information? No geopolitical and dudley from Fed said will rate hike until 2%. Why...why...why xau bulls? I want to cry
ReplyDeleteSir it's above 303 should I go for hedge or wait n watch
ReplyDeleteIt's totally Geo politic as nk is Sayed smthing that all they will shoot down us bomber
ReplyDeleterealistically with 10k investment easy target would be 1k monthly. for making beyond 5k needs really good understanding and experiences :)
ReplyDeleteThat's is correct but even 1k monthly is more than you can aim for having 10k invested anywhere else, come on 10k is the cost of a small, old car and 1k is the minimum wage in Europe however the skills and discipline that you need to develop are gigantic otherwise everyone could do it, greed would also kick in at some point in time and that is the end of the game for us as traders.
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