my strategy made its first trade right after the open tonight. price is still going up right now lol the other green lines are simulated trades, i erased them in paint.
Good entry and nice move. Unfortunately I didnt get in yet. Waiting for a pullback to 1412. As I suspected this thing rejects the previous close! Quite a trade. Manage it well!
I closed my trade at 1423. Price ripped higher to 1433 overnight! Wish I was still long haha. It probably will drop back down for a week looking at the daily chart. In January it ripped really high before dropping a hundred points down below 1300.
Well Done. Nice observation. I'm watching a pattern on the 15 min for the last 2 days. After some consolidation volume picks up and price rips higher around 1% in perfect waves. Maybe the best way to trade this is with an auto trailing stop and forget about it. 1435 next resistance. If it breaks we might have another 1% rip!
Yeah it's dropped a bit from the session high. I have no plans to try to go short on this thing though. Just longs with reasonable profit targets. https://www.cnbc.com/2019/02/19/gold-markets-dollar-us-china-trade-in-focus.html