Exactly. 5 out of 10 times the price continues moving in direction that you thought it would and you take profit "early" and the other 5 times it reverses and you take nothing or lose some after already being in profit.

Gold

Nice! Taking profit is never wrong.

Gold

Okay, let's go?

Gold

If you asked me to explain the current price action... I'd leave you with no answer. Aha... news about *** again. Had to close Shorts on the Silver, but will keep the ones on Gold.

Gold

It happens yeah. Usually if you are right about the bigger move, then being in profit 10$ (for example), then 5$, then 20$, then 10$ and finally then 35$ is normal. This price action is kind of irritating, so I'll see if I'll close the Shorts and ...

Gold

Price action is retarded and I think I'll wait for the NFP. Sell could still come today, but we'll see... NFP will do it's job.

Gold

Ye, ye it went down... but this is still a pathetic Sell. However, the game usually begins around now and until the H4 closes.

Gold

2651$ H4 Resistance now (ex Support).

Gold

Yeah... I don't use SL for that reason (fake moves and their stupid game) and because of random spikes for price just to return to where it was after spiking and cleaning SLs. They can do whatever they want... ISM in 35 minutes (volatility). ...

Gold

If you have entered above 2650$, then put SL at BE or around 2655$ with a slight loss. To be honest, I don't know... not much of an expert on SL haha.

Gold

Forecast changed to 148k. 135k, 144k and now 148k.

Gold

If we don't get any meaningful Short today, then I'll leave positions running through NFP tomorrow. Only good data is allowed before US selections.

Gold

Haha. I don't use SL nor TP, but if I'm in trade I am looking at the chart every once in a while. When I am Long PMs, then I sleep peacefully, however being Short is more tricky these days due to all the news that are Bullish for PMs.

Gold

2615$ second Daily Support 2545$ Weekly Support Probably Weekly Support.

Gold

Finally... retracement to 2653$. Short Gold and Short Silver.

Gold

DXY at Resistance and also Daily candle left no wick to the downside.

Gold

Okay... if they're determined not to give us retracement now before the H4 closes, then we will probably get one when the new H4 opens.

Gold

Yep. I'm waiting for a retracement and then I'm in. H4 is closing in an hour. Anything around or above 2650$ looks good. 31.55$ looks good for the Silver it seems.

Gold

Second Daily Support 2615$ and Silver 30.75$.

Gold