Buy gold in zone when reversal pattern found.

After Open market gold open gap and to 1555.
now it back to retest to green zone.
It is hard to know when to entry.
It is high range around 50-100 pips in buy zone.
But I think finally gold will back Last high again.
We only wait till have Buy signal from reversal candle.
or open TF5 min till it can break Blue line.

How to trade
1. if buy now only use small lot and prepare risk 100 pips
Why don't sell - we can sell in scalping but this entry point is not good. and we can't know how deep or which time gold will reverse. it is risk and must monitor.only you can accpet loss it is Ok .
2.Wait !!! I think Gold will sideway down around 1531-1536 till reversal pattern found.
3. Wait till Gold rise and break up blue trendline ( I just add alert in that trendline )

*** remember you must add stoploss ( normally 30-50 pips depend on your risk )
now gold it is high volatile.
if wrong side must cut loss. and don't over trade.

註釋

I just buy small lot first around 1540.5

註釋

I have many msg about loss in Gold many thoundsand USD.
Mostly they don't use stoploss and can't accept small loss
so it make big loss.
I always hit small stoploss but when I win I win 100+ pips
so Overall make we still in this game and profit.
FYI

註釋

I buy small lot size at 1540.5 profit 30 pips and Gold drop heavily to loss around -130 pips
--"
and Gold still drop don't have any reversal signal.
but now it move near support zone I bet on this level by Buy small lot size around 1527.0
All i set stoploss around 1524.5 if it hit I will accept loss of this idea and break .

註釋

if your account is risk don't bet on this it is risk and I bet on small lot
if I miss it will not loss so much.

註釋

entry #2 at 1527 is profit 20 pips I move sl of this to be
Gold may form like this pattern after this

註釋

I still keep this and same sl at 1524.5 and buy around 1527-1528 too (sl 1524.5 again)
it is risk to drop and hit sl too
so i must accept loss if it hit

註釋

summary
#1 - 1540.5
#2 - 1527 - ( hit sl at be on Last night)
#3 - 1528 just open on this morning
All sl set at 1524.5
my plan is if #1 break even will close #1 and let #3 run
if drop and hit sl . I will not do anything .I will take a rest and will decision to short or not again.

註釋

If you buy 1540.5 and 1528.0
Overall result will got 66 and loss 58 pips = 8 pips
You may close All if don't want to risk in this time and will small profit
For me will keep all positon not do anytihing.

註釋

After High drawndown -130 pips just unlock the #1 entry close at be.
and only #3 profit around 125 pips
sorry for high drawndown and use many to hold this
but the end we are in profit.
for #3 take cartial profit and move to be.

^ ^

註釋

I don't sure , r u still keep these position until this time or not ?
These idea make some lesson to me.
1. i entry wrong time. make me high drawndown.
2. Market always teach me like this quote.
“To lose patience is to lose the battle.” Mahatma Gandhi

Cheers
^^

交易結束：達到停損點

Hit stoploss ( at be after partial profit ) again
- -)"