We have a resistance level sitting at 23.2 on the XAGUSD pair that should turn into a breakout level once it is broken. This is my trade plan: - Short consolidation on LTF at around 23.2 - Break of 23.2 is my entry level - Target 1 @ 23.6 - Potential Target 2 @ 23.9 if we see a clean break of 23.2 and a fast move to T1 - Stoploss @ 23.05 - Risk-to-Reward 1:2
노트
Make sure to keep an eye on the dollar and gold if you are trading this
노트
Gold scratched the resistance level at 1930, Silver the next mover?
노트
DXY should move reversed to PM, if we see a sharp decline on dollar and we are at around entry, extra confirmation to trade
노트
This scenario makes sense when you look at major FX to dollar
액티브 트레이드
I am long
노트
Bit of room on the trade, lets see how long it will take for this to be in the money
노트
DXY holding steady, hope we see a reversal soon and more influx on Gold
노트
So we should see some volume coming into precious metals soon, otherwise I will reduce my position and get the size in line with my risk.
노트
Very slow development so far, hope to see more action on this as we get nearer to CPI data release on wednesday
노트
Gold starting to edging higher, we should see silver make some try too
노트
So we are seeing some upside in PM as we get nearer to Stock open
노트
Gold looks sharp to breakout
노트
High open on SP 500
주문취소됨
Closed long due to volatility, will try again once we appraoch resistance level
노트
Let us see if we get a second try on this today
노트
This trade idea is becoming active again as we are approaching crucial levels
액티브 트레이드
Entered trade at 23.21
노트
The target area is 23.65
노트
Idea still active and trade still active
노트
Trade looking better and better
노트
Trade idea playing out well so far
노트
My plan is to take 75% of my profits at my T1
노트
If anyone is trading this with, please let me know what you are thinking of this trade setup and what your plans are!
거래청산: 타겟 닿음
Closing trade here as we are heading into FOMC and good enough, near to T1, thanks for trading this with me!