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Trader1971 replied Jan 12, 2020Hello, Enter long at 1556.60 Stop at 1536.00 Target 1 at 1577.00 (take 50% off trade) Target 2 at 1622.00 Best of luck to all. Off to work now, will be back in 10 hrs

4 + 1 (Metals) strategy
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Trader1971 replied Jan 10, 2020Hello, on H1 15ema is busy crossing the 30ema. Nice to see how the 200ema show support on H1 No trading for me today. I will be looking for a buy signal on Monday morning. Have a great weekend
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Trader1971 replied Jan 9, 2020I am done for today. Time to relax and watch a movie with the family. image image

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Trader1971 replied Jan 9, 2020Yes, volume need to be high. I do prefer trading longer term setups, less work and stress. I do think that 1600.00 will break by next week, if the weekly pivot holds. With the huge negative swap rate, I do not keep any trades for roll over.

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Trader1971 replied Jan 9, 2020I'm busy doing some extreme scalping. Targeting only 20 ticks at a time. Very quick in and out setups. image
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Trader1971 replied Jan 9, 2020I'm back at work again. My trading session will start from now and will be continuing for next 3 hrs, then sleep. Will try and look for short term scalp opportunities. Best of luck all

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Trader1971 replied Jan 8, 2020No trading for me today. Decided to take a break. Trump will be speaking later on. Look like a descending triangle on the M15 time frame.

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Trader1971 replied Jan 7, 2020Do you have a cut-off time for trading Gold per day? I had a great day with Gold going long today. Unfortunately I do not like to keep any long trades open by roll-over. My broker swap for long positions is currently -12.37 Swap on shorts is 6.81 ...
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Trader1971 replied Jan 7, 2020Still in this trade. Took some profit at daily pivot 1568.68. Busy forming a triangle on M15 time frame. Lower high @ 1569.59 and higher low @ 1563.89
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Trader1971 replied Jan 7, 2020Following good advice, decided to move my stop to 1563.24 and kill all pending buy orders.
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Trader1971 replied Jan 7, 2020I got in at 1562.56 with some pending buy orders every 200 ticks lower, just before the 200EMA on M15 timeframe. Hard stop at 1555.00 Thanks for good advice.

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Trader1971 replied Jan 7, 2020Thanks MzansiObi!! I am just buying dips. Will cash in 50% at 1571.26 and let the rest run.
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Trader1971 Journal
Started Dec 26, 2019|Trading Journals|18 replies
Just trying to survive a very small account playing XAUUSD. This is my 3rd attempt - starting ...
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Trader1971 replied Nov 1, 2019All this mixed data must confuse the crap out of algo's . I myself now not sure about direction.
The Swamp
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Trader1971 replied Oct 30, 2019Very good entry. Also at the daily R1 - 1493.83, if I look at pivot levels. I am just looking and try to learn more. I am flat, no trading today, event risk to high with lack of experience and confidence. Good trading bro

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Trader1971 replied Oct 29, 2019Hello, I am back from load shedding. Trading risk and money management is one thing. Additional extra risk another. And suddenly I was without electricity. My smart phone had only 15% battery life left. I just closed all my orders. Very positive ...
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Trader1971 replied Oct 29, 2019I've changed my targets on the remaining 5 open orders to $10 profit per order. Currently risk free. Let's see. No more trading for rest of week.
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Trader1971 replied Oct 29, 2019No problem. LOL!! I took some profit leaving 5 orders open till end of day. image
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Trader1971 replied Oct 29, 2019I am very tempted to take some profits. Need to be discipline and stick to the plan 1:2 risk reward. Need more patience.

4 + 1 (Metals) strategy