dear cotton:
one:momentum stop loss will not work in gold due to high voletility in gold at present
two:when a trade is in full momentum,you can go long in it from its six hour pivot support
three:six hour pivot support for gold yesterday was 25250/-from where fresh entry yesterday was required to be taken
four:you will be caught very badely,if you will try to take at random position in high voletile commodity gold at present(except from six hour pivot support)
five:this 25350/- long in gold was required to be hold :
six:either from eod support which is 24378/-(this is not eod ATR stop loss.but this is eod support stop loss which i use,but you can use eod atr stop loss also)
seven
r if you do not want to take high risk at once ,then from six hour it self stop loss which is 25086
eight:so with low risk of 25250-25086=164x10=1640 Rs long entry in gold was possible
nine:you can shift this six hour long trade to end of day trade ,at some later stage,when you are in good profit in gold
ten:THIS IS THE PERFECT WAY TO TAKE FRESH ENTRY IN MOMENTUM COMMODITY LIKE GOLD,WITH SO MUCH LOW RISK AND HIGH RETURN !!!!!!!!