My trade setup with XAU/USD. I expect price clusters to kick in.
I have set up more time clusters, I expect the price to trigger the price clusters when they reach those time periods.
Always remember, always place a stop loss to protect your account. And when there is a profit, if you want to be safe, move the stop loss to the breakeven point.
We can only beat the probability of loss with a trade setup and follow the rules. Don't throw money out the window.
"You can't win or lose on this trade, but you always know how much you will lose on that trade"
Happy weekend traders
I have set up more time clusters, I expect the price to trigger the price clusters when they reach those time periods.
Always remember, always place a stop loss to protect your account. And when there is a profit, if you want to be safe, move the stop loss to the breakeven point.
We can only beat the probability of loss with a trade setup and follow the rules. Don't throw money out the window.
"You can't win or lose on this trade, but you always know how much you will lose on that trade"
Happy weekend traders
Trade active:
The price touches the first order entry point.
Comment:
I reduce the volume on the first trade, to make sure that even if the price hits the stop loss of this order, I will still be profitable in this trade.
Trade active:
Stop loss price breakeven on 1st order, and start initiating 2nd order
Trade closed manually:
I think I made pretty good money today on XAU/USD.
Comment:
I thought and I got out too early in this trade setup, but actually I work and analyze the charts by myself, so I am also quite tired and unable to follow the price on many charts and markets another.
Has anyone made any money in the trade setup I provided???
Has anyone made any money in the trade setup I provided???
Comment:
I advise you to keep the position open so taking profit is the best thing. Or move stop loss to breakeven point. Tomorrow will be a rather stressful trading day with important economic news. Hold on to your gains, don't throw profits in the last few days, preserve and keep your capital.
Comment:
WOW! anyone still holding orders on XAU/USD trading setup?? I feel a bit sorry to close the trade quite early, even though I have reduced my volume and moved my stop loss to breakeven?