TheZabisyu

GOLD / Uau!

Short
TheZabisyu Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
That is pretty predictable isn't it? Talk to the Hand.
Uau!
Trade active:

After opening I was relaxing and setting up pending order at that 1224, clicking button place sell limit just to make sure I have 2nd entry at that level, but gold was somehow in Rush so I did not get it! :)
But still my entry is good enough.
Trade active:
This one give a DD.
At 1231 will start to hedge short positions.
postimg.org/image/sod7uvqtd/

Other than that 1206 on table.
Comment:
Hedge triggered.
Will wait for close price to make new decisions on which way to trade.
This day is done.
postimg.org/image/ygs19zna5/
Comment:
I will update this idea as I keep working on this issue here I am currently having. Maybe someone gains some experience from it. Current minus is locked and is 380k. Now waiting for close price to make the plan and decide what steps to take. Minus won't grow bigger atm because of hedge.
Trade active:
Released the buy hedge orders as we have chance to dip. And entered high risk sell just to get some profit to cover minus.
postimg.org/image/kog7iyhmn/

Will be back in hedge at 1237.2
Other than that looking for 1232 - if break then 1227.
Will see how it goes.
Trade closed manually:
Okey gold approach that 31 is where I start to be careful.
I closed my Short from opening.
postimg.org/image/k5ct4jm3h/

So since I made additional profit from this short, I could close one of bad sells, since this is time when u don't think about profit making but saving the situation that ur account is having.
postimg.org/image/bjjqoytmr/

So even tho I close 82k in minus that 104k profit from additional short covers it and even adds up to the balance so it remains the same and not losing money here.

Now I will be careful and short again only below 1230, other than that preparing to hedge again if gold goes up and breaks 1235.9 .
Let's see how it works out.
Comment:
Okay. Was watching very closely what we have with that 31. I thought about going long but the thing is that gold was not able to tag 30 right away and sub transition was at 35ish. I was watching what happens first. 30 or 35. At 35 we kinda stopped. I risked again to go in heavy shorting to cover my bad positions and get out of the current issue I am having. But I was ready to take action right away with heavy longs if we take out 1235.9 and close the 500 short in minus.
postimg.org/image/f3bsdp4ql/

Furthermore gold break 1231.6 and I think that could lead us to 1227 now.
Maybe if everything goes well I can have BE today and I can forget this bad situation and move on to next trades!
Let's see how it unfolds!
Comment:
postimg.org/image/dfb2k0gmh/

Done Break Even, could say that got out even with some profit. Now I need to take off some time from charts and relax! Because this can make you very nervous and emotional. No need to make profit, focus on saving account situation and make continious plans and keep trading.

Good Luck eveyone. And by the way 1206 is still on cards.
Trade closed manually
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.