GOLD 4H inside bar break down with tri-angle

GOLD 4H inside bar break down with tri-angle

FOMC raised interest rate.
Gold still in tri-angle.
now we see an inside bar break down

sell gold at 1298.32
SL:1301.32
30 PIPS RISK, per USD 200 risk u can trade 0.66 lot.
TP1: 1:1
TP2: 1:2
TP3: 1:3

Trade stängt: Stopp nått:

HIT SL, EXIT, lose 30 pips

Kommentera:

It's important to stick with the plan.
which means we will never hold a losing trade.
We are not afraid of stop loss because we know if we win, we win big . and if we lose, we lose small.
Trade what you see. and be consistent.
Trading is a game of probabilities and large numbers. we lose 30 pips in this trade, and we can earn 60 pips or more in the next one.
confidence is never built from being always right, but not afraid of being wrong.

Kommentera:

Price go to 1310, think of this, if you did not have stop loss, how much else money will you lose?
and since we are out of this trade for only 30 pips loss, we can open our eurusd trade and capture 120 pips.
this is the way

Kommentera:

are we still going to trade inside bar?
yes!

Kommentera:

Kommentera:

Kommentera:

Trade stängt: målet nått:

the first insdie bar lose 30 pips,
the rest made return of 630.6 pips
so in genral: +570 pips

Kommentera:

now is 1274 , break new low

Kommentera:

now is 1265 , hold your short

Trade stängt: målet nått:

1260 is good to take profit