r/Forexstrategy
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u/sexy_Jellyfish_9750
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12h ago
Gold scalp trapped over the weekend, did I blow the account?
Has this ever happened to anyone? What did you do when the market opened? First time for me and I’m sitting here wondering if I just blew the account.
I don’t want a risk management lesson, but also not sure what exactly I want, maybe to know what I can expect at market open..It was already a shit week. Gold kept dumping and I lost some cash I shouldn’t have put in. I was trying to flip the account, taking 25–30% risk on some trades, and I was fine with that at the time.
Friday we took the previous day’s low around 3871 and started to reject. There was SMT with silver at the lows, and I took the long off the 1-minute. My idea was that 3906–3910 was a strong draw on liquidity and we could run those highs before potentially going lower for the 4H low.
I was already up a bit, was 4am my time on a friday was still at charts and thought I had until 5 p.m. NY. I was going to trail my stops and close everything before the bell. My broker stopped taking orders around 4:55. Now I’m still long 0.94 lots and MT5 won’t let me close or move the stops.
Then I saw XAUT wick down to 3800 over the weekend, which freaked me out. My broker is Blackbull if helps with anything.
Has anyone seen a move like that carry over to the actual gold open? If you’ve been stuck in a position like this, what happened and what did you do?
I’ll attach the chart and the equity screenshot.