Forex Trader

I didn’t show you my yesterday’s stop loss at gold, you know the reason why. Let me show you today, how and why that happend. As I wrote in my entry analysis, gold was well supported between 1206/08 yesterday with intention to go higher and to try attack on the Daily MA100 and 200, which was placed at 1211 and 1215.

As you can see, the gold fell down true the trendline and H/1MA200 but support hold for now. My SL is placed at 1203 and if this support breaks, it could be hited! I will not change my position or move my SL lower. In about 10 minutes US Jobless Claims data is coming up, that will probably be ‘the trigger’ for

Gold is stuck between 1208 and 1212 after FOMC. I decided to try with long now, this is why. You can see the support at 1208 is hold on the way down for now, H1/MA200 is here too, up trendline as well. Resistance at 1212 is holding on the way up and that’s Daily MA100 what is the ‘problem’ for gold in

I am busted for the second time today, my SL is hited here too with 50 pips loss, or 0,9% of my capital. Well, what can I say, it’s not my day and it’s time for me to relax and wait another day. I lost 75 pips today in total, or 1,4% of my capital which is aposlutely normal for

My buy limit at gold has been activated at 1213.15 with protection (SL) at 1208.02. This is my another trade today with 0,9% risk of my capital. You can see why I placed my long here, based on the previous resistance and support at this level. I didn’t set my target yet, let’s see how will things develop at gold

I decided to close my trade at my previous and first target, 1215. I am out at 1213.42! There is no point to risk my huge 247 pips trade/gain any more, it’s only one day trade! While I am writing this, I see that gold bulls are trying to brake 1215 like I wrote they will, but hey. There is two

US retail sales data pushed gold true the 1200 resistance and  reached 1206 high for now. There is minor resistance here, but bullish momentum could countinue here and higher levels are possible. That’s why I moved my target to the higher level at 1222, but I will watch carefully this 1207 level, 1215 when and if the gold came there and

I decided to protect my position with BE now. Why? As you can see, 1191 level provides a solid support today and as I see it, possible fall bellow could put my SL in danger at 1185. That’s why I don’t have reason to riks my trade any more. During the Asian sesion, gold didn’t move much, hold on the way

Based on my previous gold analaysis I waited for possible entry and after this decline I placed my long at 1188.75. Position is protected with SL at 1185 for now. As I wrote before, H4/MA200 stoped the precious metal on the way up, where sellers have taken over the gold, and push the price down to 1188. You can see