Gold Digger

[Triple B]

Price is nearing target so stop will be moved to 2:1 profit and move target to highest R for extra $$?

 

[Triple B]

Trailed stop to 2:1profit. closed at 2:1 Profit . price reached 1223.07 10c from original target!

 

[andymac]

nice work !! love the commentary.

 

[Triple B]

Lookin to buy Below resistance for a bo. bottom of current Trading range to top of larger range for 3:1+
overnigh trade .waiting for a second touch of support to confirm Hz support. Then entry just above support with limit order will trail stop onight and wort case finish night BE
Need to break through 2 resistances to get to fresh air. But stop will be at be by the time first one is touched (hopefully)

 

[Triple B]

limit order just above support and sl just below uptrend line TP at 1228.50 for 7.5x R Overnight surprise!? or BE for the night

 

[Triple B]

last order filled 0.08 @1221.52 sl 1220.67 tp1228.55 for about 7.5xR overnight Breakout from current trading range. will look to get stop to BE just after midnight before bed if possible.
R is $9.76
and just got stopped out! so a few $ under BE tonight.
Price went back to TR support stop too tight should have been under the TR support.
now I will have to watch sitting on my hands filling log
Didnt make it to NY open

 

[willoneau]

Good to see you had the discipline to sit tight and follow your plan ,
especially if sitting on your hands is part of your plan.

 

[willoneau]

Do you only make 5 trades a night or do you stop after so many losses?

 

[Triple B]

5 trades max per night. 3 intra day trades and 2 entries to try for an overnight hold. just the one win tonight 2xR 2x 1/2 R loss( about $5 each) and a full R loss $10 puts me at -$2 for the night.
so no damage

 

[ducati916]

Well I have just joined you. Long GLD @ $115.62.

jog on
duc

 

[Triple B]

Gday guys . Got home just after 5 and there was a breakout happening as I turned on the pc
l=went long @ 0.6 1223.82 sl @ 1222.68 and no target as yet as this is possibly a hold for overnight.
a BOUR Break out buy under resistance trade. I want to see price hit R above and a small bounce then stay under R till NY opens , So hopefully just the 1 Trade tonight.
I am allowd to take a trade with less than 2:1 RR to next resistance in a buy under R bo trade as the target is above the Longer timeframe Resistance., in effect I am buying a break out on a smaller timeframe Under R
and using that as momentum to help bust through the longer timeframe (15min )
resistance. Look at the chart and that might help

My 2:1 trades are generally inside the Trading range using S&R of Trading range and also previous S&R inside the trading range at targets and breakouts.

I should add that if the BO does happen I can take another entry when 1st entry is at BE.
I can take 3 entries in the one BO like this if I have that many left for the nights trading.

 

[willoneau]

A squeeze with probable break to the up side
I'm looking for a pull back to enter long.

 

[Triple B]

Gday Will
1st order now BE
2nd order above R now filled at 1225.93. sl 1224.51

 

[Triple B]

Should add DXY looking weak but held up by previous R now acting as support . has also broken below up trend line. no Red USD news tonight

 

[andymac]

good evening gents. about half hour behind you triple but same sat down and opened computer and gold jumped , thats nice.
long1225.62 isl 1224.28 and yes good suggestion will have chopped back risk by nearly half till i feel a bit more comfortable
did you get a payout for your overnighter triple, went the right way for yours bit choppy tho

 

[Triple B]

2nd order stopped out 1xR.
3 entries left .

 

[willoneau]

Hi andy , if we stop thinking about the money and concentrate on process money should take care of it self

 

[willoneau]

Waiting for two leg pull back not sure at moment though might be only one.
Put stop entry in above high if breaks , if not will move it down to lower entry signal when it happens.

 

[Triple B]

no the chop kept stopping me out. Finished close to BE for the night. looks like a tend line now well developed.

 

[Triple B]

some selling if first order stopped out BE then look to re enter on bottom trend line for reversal long