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XAUUSD - GOLD SHort short term retraceHello all - DuncanForex.com here with another trade idea Gold - has finally rolled over - I'm in at 1436.2 and 1431.3 I am looking to take one position all the way down to the previous level of support. - of 1408 On the 4 hour chart that closes at 7:00 am BST - it should print a lovely bearish pin bar If the low is broken of that candle - I will take a third entry too aiming back down to 1362 area. I moved the dynamic support line out of the way slightly, however you can see that price broke the trend line, then continued higher however underneath it - finally coming to pause at the 1440 area EURUSD Short is also looking good. This could potentially be a big sell off in gold as if you look at JPY pairs - they are poised to head higher following the printed bullish pin bars from back in December / January. USD JPY could be headed up to the 115 area Market moved that fast - 2nd entry hit Take profit of 1421 in 25 minutes (which is a nice change) as some of my recent trades have been taking a week to finish. Thanks for looking If you want to visit my website and subscribe for news please do, it should be up and running in about 1 week. Thanks Duncan
OANDA:XAUUSDShort
by UnknownUnicorn483829
1
How I made In May - 3392 pips and 98% Capital IncreaseHello All I take great pride in developing my trading approach to enable me to achieve this (it was a great month that surpassed a 25% capital increase in April) I hope that through publishing my trades, you have found them interesting, along with my Gold video from last week, giving an insight into my preparation before taking a trade. In the pictures are two of my best May trades published which were:.. 3 Short Entries on EURJPY which netted, 4.30% and 7.80% and 7.80% as well as 4 positions on AUDUSD which netted 2.50%, 10.67% and 1.50% and 1.50%. I wait for high probability trades (based on my Trading Plan) to increase my win loss ratio and so when I do win, it does offset the losses. Over May, I have published all the trades I have taken on Tradingview, which you can review at your leisure. DuncanForex.com is now live where there is a welcome page to sign up interest for when the site becomes fully open (in about 2 weeks) where early subscribers will be eligible for a discount to my training courses. On that welcome page is the summary of all the trades taken during May and April 2019. Each trade risks 1% of the capital in the account and therefore the lot size varies dependant on distance in pips between entry point and stop loss location. For example 1% could be risked over 81 pips, or 1% could be risked over just 12 pips. Thanks for reviewing my trade ideas from May and if you have any particular questions, please comment in the relevant trade idea and I will answer them as quickly as I can Thanks Duncan DuncanForex.com
by UnknownUnicorn483829