I finally followed the "Buy @1290 SL 1287 strategy", from the comments section in the previous post , however momentum has declined and then I just booked profit @1293.60.
Technically the market is still bullish above 1290 but a correction down to 1282 cannot be ruled out so I´m waiting until tomorrow to see if I can eventually go long onto the weekend with a tight stop.
Technically the market is still bullish above 1290 but a correction down to 1282 cannot be ruled out so I´m waiting until tomorrow to see if I can eventually go long onto the weekend with a tight stop.
what point of entry are you locking at?
ReplyDelete*looking
DeleteToday I bought @1290 and sold @1293.6 and for tomorrow I need to see how the market opens and how it reacts to data release. I´m thinking on buying only if the market shows any sign of positivity.
ReplyDeleteAnd there are going to be some events like retail sales, cpi.
ReplyDeleteI'm on sell @1273. how long should I hold it? If it approach towards 1350 maybe I'll have to be out of fuel haha.
ReplyDeleteYou should not wait any longer, you should have closed that position last Friday. Don´t carry on with loosing positions like that, it is pointless.
Deletei open sell at 1296 now with SL 1300, what do you think sir cesar?
ReplyDeleteclose it and wait, short is dangerous now in my opinion
DeleteAgree you already have a good profit.
DeleteSir, data CPI, core cpi and retail sales if them red, xau will up?
ReplyDeleteI will never know the answers to those question, markets move as a result of a combination made up from many variables such as: fundamentals, technical buying, day to day operations, USD strength/weakness etc so to answer where XAU is gonna go on a particular piece of data is just a guess. In theory bad numbers pushed the EUR/USD up and 10 yr Note down which in turn take the XAU up but in this environment there is lot of money flowing somewhere else such Bitcoin etc. Considering that XAU has been bullish for a week watch for key supports to hold and find an opportunity to buy with tight SL orders.
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