Like stated before building short positions with pyramid principle.
Aiming 1225-1220.
Earlier I mentioned 1256-1259, they are not valid. At MetalCruisers we were willing to add at 1253 on Wednesday, PA was weak and Gold reach 1253 only Thursday. But since I had some input issues and got wrong data we removed 1253 short entry :( thinking that 1256-1259 is a target.
Anyway I do hope we go higher so I can build some pyramid ( lol ), other than that adding the way down if no upside.
Good Luck.
Aiming 1225-1220.
Earlier I mentioned 1256-1259, they are not valid. At MetalCruisers we were willing to add at 1253 on Wednesday, PA was weak and Gold reach 1253 only Thursday. But since I had some input issues and got wrong data we removed 1253 short entry :( thinking that 1256-1259 is a target.
Anyway I do hope we go higher so I can build some pyramid ( lol ), other than that adding the way down if no upside.
Good Luck.
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wahahahahah.. Last week the whole week it couldn't move, someone died.. now in just one candle in 15 mins it make the whole last week's range move. That is so hilarious. waahahahah What a joke.
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Anyway, watch the pyramid's top at 1258.1259. Closely.
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I did recalculation ( Monday every first one )
No doubt we are accumulating the sell.
But I have learned one lesson with this false breakout king.
Last time I built pyramid principle positions was around this area back in the end of February. I was building heavy positions, and top of the pyramid was 1257.30 and if broken I would have to hedge.
On Feb 27 we had a breakout ( and of course a false one ) which made me open buy positions and hedge. Later on, I had to close my buys in minus as this started to fall down like a hot knife, and we went down to 1223 which was stated in some of my ideas, and then I was feeling very confused.
The thing is that these frequency tag targets cannot be invalidated, they are baked in the chart. The only question is to find the right moment to go for them. Sometimes I do get in too early, but this way I am building positions.
So based on previous experience this time I am doing calm selling, and will go in heavy only when it is confirmed reversal. For now, all sells I execute are very calm, still rewarding but calm, so I can handle the heat, and once I get confirmation I want then I start throwing the real cards on the table.
That answers your question at some point @Mdotee.
No doubt we are accumulating the sell.
But I have learned one lesson with this false breakout king.
Last time I built pyramid principle positions was around this area back in the end of February. I was building heavy positions, and top of the pyramid was 1257.30 and if broken I would have to hedge.
On Feb 27 we had a breakout ( and of course a false one ) which made me open buy positions and hedge. Later on, I had to close my buys in minus as this started to fall down like a hot knife, and we went down to 1223 which was stated in some of my ideas, and then I was feeling very confused.
The thing is that these frequency tag targets cannot be invalidated, they are baked in the chart. The only question is to find the right moment to go for them. Sometimes I do get in too early, but this way I am building positions.
So based on previous experience this time I am doing calm selling, and will go in heavy only when it is confirmed reversal. For now, all sells I execute are very calm, still rewarding but calm, so I can handle the heat, and once I get confirmation I want then I start throwing the real cards on the table.
That answers your question at some point @Mdotee.
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Right now we tagged approx pyramid TOP
But I don't believe in this BS.. that would be too easy.. lol.
So no way this is reversing! It will screw around before that.. sure it will.
But I don't believe in this BS.. that would be too easy.. lol.
So no way this is reversing! It will screw around before that.. sure it will.
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At 1258.00 I had more entry which is missed by 6 cents and not executed.
postimg.org/image/ufvmiiq33/
It must be some kind of a joke, so no way it is just reversing. So I need more up.
You would say well why not execute manually. I never do so. If the entry is gone it is gone, it is one of my heavy rules.
Either it is executed at the right place either go home.
Because if I get it at 1258.00 and it goes down I can BE my trade ( Risk-Free )
If I execute now means it still has room back to the same High means I get in unnecessary drawdown/minus and if the situation changes after recalculation I cannot get out of the trade at BE.
Entry is a very sensitive thing that everyone should respect and never open at random places.
postimg.org/image/ufvmiiq33/
It must be some kind of a joke, so no way it is just reversing. So I need more up.
You would say well why not execute manually. I never do so. If the entry is gone it is gone, it is one of my heavy rules.
Either it is executed at the right place either go home.
Because if I get it at 1258.00 and it goes down I can BE my trade ( Risk-Free )
If I execute now means it still has room back to the same High means I get in unnecessary drawdown/minus and if the situation changes after recalculation I cannot get out of the trade at BE.
Entry is a very sensitive thing that everyone should respect and never open at random places.
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On this trade setup, I received several complaints saying I was stopped out. That tells me 2 things, either you have problems to understand clear English language, either you don't know what the words Risk Management stand for. I SAID to do calm selling, did not go in heavy! Go heavy once it is confirmed, I would update when it is confirmed! Why do some people understand that, but some don't? I don't get it! Why a guy writes me:
Hey B following you just 1 month but already adapted to your trading style. I have a 21k account. I opened 0.5 lots at 1245. Opened 1,5 lots at 1253 and 2 lots at 1258. For my account, that is not a very big risk and I could withstand great drawdown. When trading your setups I now really understand what Patience is and how rewarding it can be. Thank you.
Meanwhile another guy:
Lost 3,7k could not handle it. Will not trade your ideas anymore.
Doesn't make any sense. I don't know in what words I have to explain the setup, I really don't know, confused.
Hey B following you just 1 month but already adapted to your trading style. I have a 21k account. I opened 0.5 lots at 1245. Opened 1,5 lots at 1253 and 2 lots at 1258. For my account, that is not a very big risk and I could withstand great drawdown. When trading your setups I now really understand what Patience is and how rewarding it can be. Thank you.
Meanwhile another guy:
Lost 3,7k could not handle it. Will not trade your ideas anymore.
Doesn't make any sense. I don't know in what words I have to explain the setup, I really don't know, confused.
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www.babypips.com ... please.... you know what to do.
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If you bought with me the first time at 1245.. you can now close this position if you feel bad about it and leave higher ones open.
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Guys just to let you know what I did!
It's been more than a week holding these positions.. swaps are high! I closed all my positions here... because of two reasons!
Friday...
Possibility to reach 1247... 1239 is strong zone. And we can have a bounce up from here to 1247..
In no way I am invalidating 1225 with this update!
If we get a bounce up I will Re-short again.. if we don't get a bounce and fall... whatever.. it doesn't change the fact that my target 1225 should be reached!
I am not saying you have to do the same.. I just let you know what I did, and I feel comfortable with it... Is what I say to you.. always take money when you can. There will be plenty of entries for you ahead.
Take care.
It's been more than a week holding these positions.. swaps are high! I closed all my positions here... because of two reasons!
Friday...
Possibility to reach 1247... 1239 is strong zone. And we can have a bounce up from here to 1247..
In no way I am invalidating 1225 with this update!
If we get a bounce up I will Re-short again.. if we don't get a bounce and fall... whatever.. it doesn't change the fact that my target 1225 should be reached!
I am not saying you have to do the same.. I just let you know what I did, and I feel comfortable with it... Is what I say to you.. always take money when you can. There will be plenty of entries for you ahead.
Take care.
Good Luck in the new week.