Gold falling ? Possible sell

Hello everyone gold looks very unhealthy atm

I sold
Entry 2517
Tp 2504
Sl 2523

Took profit from gold sell 93 pips

Sold gbp jpy
Entry 191.04
Tp 190.080
Sl 191.360

GBP jpy hit sl

Sold gold again

Entry 2511
Tp 2492
Sl 2518

Your SL is much closer than your TP level is. You’ll be stopped out almost every time like this.

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Many people in this forum seem to like trading with an R of 2.7. :sweat_smile:

(I don’t mind that - it’s their problem that they can’t ever trade profitably, but it’s a shame when they advise others - especially beginners - to do the same!! :grimacing: :roll_eyes: )

At 2.7R, it won’t be uncommon for losing streaks to be around 9 in a row. Really hard to have the deck stacked so much against a trader.

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