OANDA:XAUUSD   Gold Spot / U.S. Dollar
After a successful short yesterday, it is now time to go long on this commodity.

I have 4 entry zones and already have met 2. The more entry zones met the bigger the move to the upside will be.

Risk management is key on a trade like this.

Trade safe and good luck!

Comment: I've closed 2 entries and left the other 2 with SL at EP.

Trade closed manually


So you keep buying even though entries 1,2 and even 3 may be losing?
+1 Reply
masumhussain Charlieab94
@Charlieab94, Yes. as the long term target is to the upside. The risk has been spread out evenly on all 4 entries.
Charlieab94 masumhussain
@masumhussain, But what if it reverses and bounces off your entry 1 zone? Then you will be in a trade with only 1/4 of your normal risk so a 4:1 RR would then only be a 1:1 RR trade.
masumhussain Charlieab94
@Charlieab94, That's fine, a win is a win. The reason for having 4 entries is because I saw 4 potential reversal areas.
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