As you can see price is rejecting the zone of support, hopefully heading up to the upside shortly, were going to targeting the recent highs of 140 pips
Here we have one of my personal trades from last night. We originally had a position but got stopped out on the liquidity spike as you can see. If you don't know what liquidity is, it is basically where the banks can manipulate the price for a split second to stop out everyone and also stop out all the orders people have the for SELL STOP's. The banks can see...
Something like this I would recommend either an alert set or BUY STOP :) How do you think this would go?
What is gold going to do? Here we have a price trap, price is coming a bottle neck point where big moves will happen? as you can see from the chart I have predicted the forecast on both directions. This will be good if you want to hedge it with buy/sell stops, but not recommended as their will be loads of liquidity in these areas. Price is most likely to spike...
Another gold POSSIBLE entry, wait the break and retest of the Res. level, the retest will tell you if it is being used as Sup. then you can enter for a long position.
Remember, always look out for M's & W's and always trade the second the leg if the setup allows you too! :)
We have already entered this trade for a short as you can see. We was in profit but now price has come back up to retest the level as Res. We did enter early and should of waited for the retest but it's not a problem. The arrows indicate how I think and hope this XAU trade will play out. If you wish to join me on this trade, that will be up to you :)
We are waiting for the break of the current Res. Level, once broken we will wait for the retest as Sup. then we will enter the trade to go long.
We hope to beak the current Resistance zone and retest as support, if supported we will enter the trade as a long and hold until the next DAILY Resistance zone.
Markets has a serious crash today. If this zone gets respected we will enter a LONG into GBPJPY - with 2x TP locations.
Yet another successful trade. This morning was a bit sticky, but we managed to pull through, We was at 70 pip loss for the day at lunch time, now were in profit by at least 150 pips. thats over 80 pips for the day profit. still not the best as we aim for 150-200 pips per day profit but Mondays are Mondays, who likes them?
As you can see we have multiple trends and zones. I have labelled each trend and zone for your educational purposes, hoping you will understand where I am coming from. - The Daily trend shows UP - The 4h TF (Timeframe) also shows UP We have a 4h zone which has been highly respected in the past. We are hoping for a breakthrough this time, hoping it will break...
Another trade example. 1250 pip Reward 30 pip Risk Risk Ratio 47.67
We may his the golden zone within the Fib - if so, we will be looking for another entry for a sell positions, currently have 2x positions open.