Unless you are a scalper, sideways markets have the ability to drive you crazy very easily. I was stopped out on my short position this morning. Although XAU is clearly bullish short term I won´t be convinced of a medium term reversal until when the prices closes above 1300.
For now I will continue shorting the price with tight SL orders, my preferred levels to open short positions will be 1289 or 1299 with 40 pips risk in both cases.
Disclosure: I´m not in a position at the moment and will be watching 1289 or 1299 in order to open a short position. I will not consider longs unless the price closes above 1300.
For now I will continue shorting the price with tight SL orders, my preferred levels to open short positions will be 1289 or 1299 with 40 pips risk in both cases.
Disclosure: I´m not in a position at the moment and will be watching 1289 or 1299 in order to open a short position. I will not consider longs unless the price closes above 1300.
Thx for info sir
ReplyDeleteHEllo Cesar , its been a while.thanks for sharing your views.
ReplyDeleteWhy sir not active on blog now !!!
ReplyDelete