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Gold Daytraders

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Ok, stopped on that one at +300 (Post #77)

Will be looking with a view to get back in at some point.

Total for day so far.............................

+1050
 
arco said:
Hi Barrett

Yes, that was also a good scalp on 1m - hope you took advantage.

rgds - arco
Click to expand...

Thanks - not trading atm, just getting familiar with it, but will soon. It looks like the bounce off 30M Kumo+trendline support earlier would have been a good entry.
 
barrett said:
Thanks - not trading atm, just getting familiar with it, but will soon. It looks like the bounce off 30M Kumo+trendline support earlier would have been a good entry.
Click to expand...

Yes that was an idea spot, and I did scalp 300 based off that Morning Star (see earlier post), however, it was also possible the action might just venture in the Kumo a little more, so that was the reason to take profits early.

rgds - arco
 
.
Stopped out at +500 on that move.

Day total


+1550

.
 

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  • 102808b Gold M30.gif
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.

Hi Gold Daytraders.........


Got off to a bad start this morning when an initially profitable trade targeting 300 hit the stop at minus 200. before hitting the TP

Picked up +55 and +150 on two scalps for a positive of +5

Anyway, things have improved now after a short from 757.05 with a TP of 743.20

so up to now.......................

+1390

Heres a chart of the first one that went wrong.......I was expecting a test of the lower Kumo after a Dark Cloud Cover at Resistance of an old Kumo high area convincingly repelled the action. (The SL was changed to 200 after things started to look a bit dodgy).



rgds - arco
 

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G'day All

Whats happened to all the Gold day-traders - cat got yer tongue

All Ichimoku signals were green for GO including Kumo (cloud) break on 30m.......so off and running.

GTA - arco
 

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A very nice day.......(so far).

Closed the position off at +2100

was looking to get out at 728.50, but I'm happy with the profit

GTA - arco
 

Attachments

  • 103108a Gold M30.gif
    26.9 KB · Views: 1
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First trade of a new week on the rejection off bearish Kumo

+200 locked in currently

GTA - arco

.
 

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  • 110408 H1.gif
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Update.

.
+400 locked in now and trailing

rgds - arco
 
Update.

Gold short position closed + 1000

That will do nicely thanks

arco
 
Arco, maybe you post some postion sizing and inital stop information too. I would be interested in that. I like the Ichimoku threads and i'm following them closely, very interesting.

Thanks,

CanOz
 
Hello CanOz

I risk MAX 2% of my capital for any trade.

You can usually see the initial stop on the first chart

The Ichiwiki gives stop positioning ideas, but RR is a very personal thing.

Regards - arco
 
.
There was no signal on Gold before I closed up the office, but Silver gave a signal on the 15M.

I left the order without a TP but being in the Land of Nod I missed the opportunity to grab a decent profit circa +600 near the high of 10.532 (entry 9.892). Anyway current profit +265

SL is above entry, so I be monitoring closely to see how it performs.

GTA - arco
 

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  • 110508 XAG M30.gif
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Silver currently +348

I've moved my stop to +200
 
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