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Gold Digger

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

 
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
 
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
 
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.
 
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
 
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.
 
Last edited:
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
 
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
 
Hi andy , if we stop thinking about the money and concentrate on process money should take care of it self
 
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.
 
no the chop kept stopping me out. Finished close to BE for the night. looks like a tend line now well developed.
 
some selling if first order stopped out BE then look to re enter on bottom trend line for reversal long
 
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