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what made you wanna go short here ? and that too on m5 ?
how many pips are you looking for.
GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD) 51 replies
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DislikedIgnored
Dislikedwhat made you wanna go short here ? and that too on m5 ?
how many pips are you looking for.Ignored
Dislikedwhatfx,
you obviously know with watching the higher tf that we often have big moves that are reversed with the next candle on gold.
You will get signals on the lower tf with pa
Attachment
i hope that this explains my reasons for taking the short.
Unfortunately price is stalling, so i am not so optimistic about this trade. Bulls keep fighting back and i may have to accept this one as a b/eIgnored
Dislikedwhich higher timeframe did you see the big move on - as a big move on the 1hr is not much of a move on 4hr and so on.
If 1 hr, then you obviously waited for that big move candle to close, then looked for a short on the opening of the next 1hr candle ?
Your entry was then based on m5 chart.
I personally would not enter and exit on m5. Minimum has to be m15. On m5 the moves a pretty much redunded, by the time your exit signal appears, you have just about paid the spread. And no pips .
That is why i was surprised you entered on m5.
I gather...Ignored
DislikedI did'nt exit. I don't think that i said that. But I am tired now and will be off to bed.
Now I have exited with a measly 8 pips profitIgnored
DislikedWith RSI close to 70 in almost all time frame and looking at this fork, i think that the price would go down.Ignored
DislikedDONT FROWN, A PROFIT IS A PROFIT.
I CANT SEE HOW YOU COULD HAVE GOT 8 PIPS THOUGH. YOUR ENTRY WAS AROUND 1595.5, ACCORDING TO YOUR CHART. MARKET MOVED DOWN TO 1591, BEFORE RESUMING UPTREND. SO THERE WAS ONLY AROUND 2 PIPS FOR YOU TO TAKE AFTER SPREAD.
ANYWAY, MY LONG PRESENTLY AROUND +7 PIPS . NO NEED TOCOVER FOR THE TIME BEING.Ignored