Thursday, February 20, 2014



Gold set up from few days ago still in play, it was a 150 pip winner at one point but i'm still in going for a bigger move.

The first blue squared area is where the H4 set up occurred , stop would have been placed above that last pin bar high at the end of the blue squared box. Entry at about the 1328 area with stop loss at 1332, so 40 pip risk going for at least 80  so minimum 2:1 , that would have already been hit. Next area would have been 180 pips for 4.5:1. And the next for 280 pips at 7:1.

With these type of set ups and R:R ratios, it would probably be best divide whatever position I'm taking into two to four positions and have different profit objectives.

Second blue area is where An H1 set up occurred with a 1323 entry and stop loss at 1326. 30 pip risk, profit objective would be 80 pips for 2.65:1. Second would be at 130 pips for 4.3:1. Third at 230 pips for 7.65:1.

In both of these situations, the play as of right now is still alive and going for that third target area.


In the next play here the stop loss on a good weekly play would be put at 1.2160 with a 1.2203 entry, risking 43 pips, the main target objective would be  at 1.2375 for 172 pips at 4:1.

As far as a good H4 play goes, we'd have a set up with an entry at 1.2205 with SL at 1.2175.  With a target at 1.2295, 90 pips for 3:1. Second Target 1.2375 for 170 pips at 6.3:1




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