i am in these trades.......in progress
trading aud and gold [xauusd]
- Thread starter padutrader
- Start date
Why did you short XAUUSD here? The price you sold at is about $4.00 away from your moving average and near a potential support area based around the previous session low, not including the spike.
closed aud usd position just after i took the screen shot for a profit of 14 usd approx....when bought and sold and pips you can see in the trade column
it spent a lot of time below the ma and just came above it.....it was a short because of that..... if only for a scalp.....
i do not see to the left ..only the recent price action....my style...
but i cannot give my strategy in more detail not because it is a great one or a secret ....it would take a lot of time
trading so far.......my trade history..closed trades
short gold trade open
i have only recently formed this method so it is a kind of test run
It can be good to have a unique style. Some focus on price levels, others focus on momentum such as breakouts, then there’s price action with its higher highs, etc., volatility changes or bar sizes in context, of course retracement levels such as half way back are popular with some, and tape reading with gauging how strong bids are, etc.
I know you are an experienced trader and was hoping to get some color on your thinking for your entries, exits, and stops, but I definitely understand you not wanting to go over a complicated system within the confines of a blog.