[Opinion] Short Position on Gold (XAUUSD)

9 Mar

Based on W and 4H, it sill on uptrend
However, due to adjustment, we have to go down in short time frame such as 15M on my view.

Thus, in my case, I will take short position
1. Entry: 2913 - 2914 Range
2. Stop Loss: 2923 - 2924 Range (YES, it is quite wide! but I will do risk management for taking all profits based on trend.)
3. Take Profit: 2766 - 2765 Range (YES again! it would be very greedy)

I do not like to open short position, usually long position bring more money.
On the other hand, I do not want to ignore the signal which show on my view.

Anyway, it is my opinion.
Hope you guys share your idea as well

9 Mar

İşlem aktif

Short position is opened at 2913.75
Let's see the ride where it goes

9 Mar

Not

Please note I will post weekly before opening the market on Sunday 5:00 EST from now on.
I was too busy to operate personal group. Now I found it is good to share on Sunday around 4:30 pm EST.

10 Mar

Not

It is still playing around the manipulation zone. Hopefully It is going to down sooner

10 Mar

Not

Now it is going down

10 Mar

Not

Well, I will hold this position at least few days.
Taking swap fee, and profits are getting bigger.

Please remember, open 2913.75, it is down more than $20 already.
Covered all losses on NQ, and more profit.

Risk Management is the key.
Trading 5 lot on XAUUSd, it is decent profit so far.

10 Mar

Not

$30 reached.
Will move stop loss to entry