Investmentsbygraham

Risk/reward = 2.8 Entry price = 3382.5 Stop loss price = 3390.5 Take profit level 1 (50%) = 3361.7 Take profit level 2 (50%) = 3356 I am considering a short on gold. Still need some variables to fall into place before I enter the trade. There is nice RSI negative divergence showing declining momentum. Further confluence: - Potential head and shoulders on higher time frame - At area of previous diagonal support which could be turned into resistance if the 30min double top plays outSell order got triggered last night while I was sleeping. Also, moving stop loss to break evenBoth take profit levels hit and I have closed my position and banked the cash. All rules followed and it paid off following the system I built.

Gold is at an interesting crossroad. It broke through its diagonal support on Friday the 25th of July. Price is retesting previous support. Does it turn into resistance? Further confluence is a head and shoulders of the H8 and H12, with the right shoulder coinciding with the retest of the diagonal. Since I am long gold with my investments, I am hesitant to short gold through my trading business. However, if my pattern is available, I take the trade. This will be a very short term trade - a few days at most if the trade goes in my favour. Risk/reward = 12.6 Entry price = 3382.5 Stop loss price = 3396.2 Take profit level 1 (50%) = 3230 Take profit level 2 (50%) = 3181 The risk reward is exceptionally high. However, I have taken a more conservative approach with my entry because of my apprehension to short gold. For this trade I will enter at the extreme end of the range in which I will look for entries. This is the reason for such a high RR. It might result in me missing an entry.Trade opened. Moved entry slightly early. Risk reward is now 9.2, which is still exceptionally high but again it is because I have entered on the range extreme. Took a very conservative entry.Trade closed at break even. Managed to follow my rules and once again my system protected my capital.

Risk/reward = 3.7 Entry price = 6432.6 Stop loss price = 6 454.1 Take profit level 1 (50%) = 6367.7 Take profit level 2 (50%) = 6332.6 Still need confirmation from some variables before entering the tradeH6 candle closed above range. No trade.

Risk/reward = 4.1 Entry price = 6378 Stop loss price = 6385.9 Take profit level 1 (50%) = 6349.2 Take profit level 2 (50%) = 6337.2 Still waiting on confirmation of a few variables at close of this 30min candle at 17.00Moved into a double top setup, looking for confirmation of double top now for short position

Risk/reward = 2.7 Entry price = 6384 Stop loss price = 6393.8 Take profit level 1 (50%) = 6359.8 Take profit level 2 (50%) = 6351.8 Will get confirmation of remaining variables at close of this 30min candle at 19.30.Entered tradeCandle closed above range

Risk/reward = 4.1 Entry price = 6343.3 Stop loss price = 6365.3 Take profit level 1 (50%) = 6268.1 Take profit level 2 (50%) = 6232.1 Still waiting on some variables on checklist to be confirmed before I enter the trade.Trade Entered

Risk/reward = 5.8 Entry price = 6321.1 Stop loss price = 6333.5 Take profit level 1 (50%) = 6257.3 Take profit level 2 (50%) = 6234.9 Still waiting for confirmation on a few variables before I enter the trade.H4 closed above range

Risk/reward = 3.3 Entry price = 6314.8 Stop loss price = 6318.4 Take profit level 1 (50%) = 6301.3 Take profit level 2 (50%) = 6297.5 Waiting on validation from a few other variables. For example, waiting for the current 30min candle to close in range. Letssss gooooooEntry price not reached

Entry = 6303.4 SL = 6312.8 Take profit level 1 = 6280.7 Take profit level 2 = 6271.6Short position openedTake profit level 1 reachedTake profit level 2 reached. Closed full position.

Potential short on S&P 500. Risk/reward = 3.4 Entry = 6264.9 Stop loss = 6280.3 TP level 1 = 6221.7 (50%) TP level 2 = 6200.5 (50%) Need current candle to close back in range at 10.00 for all variables to be met. Volume exception applied since current candle is the open of European markets.Trade still possible, if H1 candle closes in range.Opened shortFirst take profit level reached. Closed 50% of position.Full position closed at TP level 1.