Gold

6 May 2015, 22:40
Yaser Sabbaghi
0
154


Chart XAUUSD, H1, 2015.05.06 20:01 UTC, FX Central Clearing Ltd., MetaTrader 4, Demo

Lets to keep the long positions to 1203 as for sure TP. The next one target would be 1212. So if you want to keep your position for large amount of profit :) do not risk. Close the half at 1203 and trail the rest until 1212.

Enter for Short at 1205 with your small amount and enter Short with large amount at 1212. SL at 1226.5 and TP target at 1174.2.

The small one Short Risk/Rewards is 1.5, oh I know it is not good so you can ignore it or accept the risk when you are in the trade with small amount.

The large one Short position  Risk/Rewards is 2.6 and you know that it is good.

And the last, watch out your MM. And don't forget the Gold outlook for next week is not short as it is not long. It is the pain on the neck.

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