Average Down

today gain +$132 all from scalping...
never had chance to catch the trend again today...
still good profit scalping and counter trend....

buying gold 1844-45...

closed long scalp +$44

waiting for LO open...

looking for short at 1852-53 weekly open...
full back to 1848 decent to take long again...
waiting for london boys do the headless chicken dance thing...

Short gold 1852-53

SL at BE+1... TP 1848
Closed SL hit +$9

reshort gold 1851-52

holding and added some short position...
tp 1849...

Closed short 1851 +$160

Gold shinny thing...
Nice stretching today...
My view was hit 1865 and waiting for 1874...
I was long from 1844-45 in morning then got out early...
Then i started to counter every spikes and bag every profit pop...
Today gain only for gold +$446



still early to stop, but i dont wanna give back to the market my gains..
watch if 1874 will kiss and touch today...

COUNTER TRADE!

I have been doing this mostly every day trading...
Like i said i wanted to have my trading daily end with no open trade since pandemic started...
I always find way to closed all my trade, or if i get my target gain daily +4-10% then that's all for the day...
Every forex pair has correction move, and that's what I'm looking to counter the trend...
Pair behavior is very important, so where we can react to entry and exit...


WARNING!!!
Highly not recommended for those who have less experience with candle stick pattern, PA and not knowing support and resistance...

#Rules:
1- stick with pivot level find nearest breakout, support and resistance...
2- look for spike to test pivot level in 15mins TF...
3- applied MHV from BBMA strategy (finding extreme price action, where price closed outside BB along with 5LWMA)
4- see stochastic oscillator if the price above 80 then look for strength sell PA, if price below 20 then look for strength buy PA...
5- wait for Frankfurt, London and US open, look for spike and test in any certain level of potential entry...
6- entry using small or micro lot 0.01 if your equity $1,000 - $1,500 or 0.05 lot if your equity $5,000 or higher...
7- while the price against your expectation, keep adding a position every 5-10cents tick of gold Price...
8- take profit 20-50% gain of your position... Example: you're in -$100, when the PA come to your favor then see if it can reach +20-50 to get out...

NFP day... it's FRY-day...
most likely impossible happen all technical can be break...

scalping gold long from 1867...
1874 has been kiss and tested earlier...
as long 1858-59 will hold it is bull game...
above target 1891 to 1900...

Holding gold long and added some at 1864-65...
If price go down will add more...
Looking for retesting 1874...

closed long +$17
will wait for NFP...
looking for long only in gold..

So far +$97 gain...
Still early, NYSE on the way...
Got counter the NFP...

done for today +$153....

monday = +$98
tuesday = +$211
wednesday = +$132
thursday = +$446
friday = +$153
total gain this week +$1040 28.3% added to my equity...

monday after london session closed, with memorial holiday in US bank holiday market closed earlier.
wednesday and friday a bit slow this week, almost move only during US session...
hope we can have more stretching price action next week...
it's a great week though...

Are you a funded trader Spijack?
The returns that you've showed are very good, even if you break the drag down limits of the prop firms from time to time you could just keep on doing the challenges and it would be very profitable.

Edit: Also quick question. How do you know when to take a loss? Do you have a plan for that or do you keep adding positions until you go back into profit or bust the account?

good day kalevra...
thanks for visiting my journal...
i haven't try the evaluation from any prof firm...
few weeks ago i try the accelerated account from MFF $5,000 emphatic but it got blown after few days...
not yet decided if i would take evaluation soon, but maybe yes...

Gold still in range since it drop from 1908 to 1787....
the last week it retest again 1874...
looking at H4 bulls seems determined to go higher...
lets see if today or following day will continue bull show and taken out 1875 till 1900...


today i will only look for buy set up, maybe a testing at weekly/daily open today is good position for buying gold...
if price broke below weekly/daily open i will ride the bear side if it is given...

long gold 51...
will add more if price go down..