Excellent read, should have post it during this lazy weekend but was very busy at the beach with the wife relaxing and sipping Cold Piña colada and mojito during this hot summer days .
I like to mention that if you are short gold, silver and AU hold on to your shorts there is a continuation of the late last week bearish momentum, profit taking is expected @ the lower H4 band or little beyond this band, take your TMA slope as an exit indicator and let your profit run.
This answers the last question of where i take my profit. Aggressive traders should let there profit run and trail there stops (Personal preference nothing to do with AL Rules) conservative traders should set there limit orders at the bottom of the Band.
Cheers
B.R.
I like to mention that if you are short gold, silver and AU hold on to your shorts there is a continuation of the late last week bearish momentum, profit taking is expected @ the lower H4 band or little beyond this band, take your TMA slope as an exit indicator and let your profit run.
This answers the last question of where i take my profit. Aggressive traders should let there profit run and trail there stops (Personal preference nothing to do with AL Rules) conservative traders should set there limit orders at the bottom of the Band.
Cheers
B.R.
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Master Your Setup, Master Your self. (NQoos)