Sorry I have been away this week but the situation has not changed much. I booked profit @1266 from my 1278 short and sold short @1276 again. SL is @1283 and TP remains @1254. I'm going to book profit at the COMEX close everyday since the market will be sideways between 1263 and 1277 until a break occurs.
Disclosure: I´m short @1277 SL @1283 TP @1254.
Disclosure: I´m short @1277 SL @1283 TP @1254.
Hey everyone,
ReplyDeleteInteresting strategy for me Cesar.. so you look for a buy above 1273/4 and sell at 1263/4 until the signal is properly bearish?
your stop orders set at around 1000 points?
I'm still soaking my short from 1274, since ysterday
That is correct, I usually set SL orders at least USD 10 away from my entry level to avoid stop hunting. For today´s position I will book profit in a couple of hours or lower the stop order and make it as close as possible to the closing price. I´m short from 1277 at the moment.
ReplyDeleteawesome thank you, I must thank you for sharing your strategy. I must say that XAU is a beast on its own, and i found that my D1 Price action strategy I use on other trading is not working like clock work on XAU. probably because of different dynamics, fundamentals and emotions in play all the time.
Deletebut, non the less, I enjoy trading this pair