Pink line is the Monthly, Weeklu and Daily Support The range between the 2 blue line is 80 pips. Currently, the candle is bearish. if it forms support, will take a buy as it has a 40 pip range to test the high. The high (top blue line) DH is daily high. Not looking for any sells, as ifyou look to the left below the range, there are no clean candles...
Price is currently in a range - probably because of anticipating news from FOMC. I have stated my TP target area when the price move in its direction
1. Between 1917 and 1910- candles has been very choppy which makes it a no trade range. 2. above the range is clean candles to the left. similarly for below the range.
risk well managed very happy that i closed my position with just 10 pip loss. will look for a better entry
Everything happened as the plan posted earlier. Hope everyone made some bucks.
Laid out my trading plan for the Pre NY/NY OPEN Session. Stated both bias for buys and sells. Higher probability of it going higher as the Daily candle has closed bullish above the range but also since it was a strong rejection area previously, it can also reject the area once again and continue bearish. Let's see. Be patient. Wait for the candles to print....
Missed last thursday's big move and very happy that I was able to catch today's big move! Come back to the charts everyday at the same time and look at it move.
3. This 4Hr candle has been bullish and did not have a lower wick. Waited to for the candle to break its own low which made the bullish move a liquidity grab. SL was above the 4hr high around 25 pips. Secured 5 pips and runner got stopped out
OANDA:XAUUSD Missed the first trade and wanted to wait for a resistance to be formed to take another sell but you know with gold, sometimes it just moves.
OANDA:XAUUSD 1. Overall trend was bullish. 2. D was bullish 3. 4hr candle was creating HH HL 4. 1hr was ranging. 7pm candle made a strong rejection. 5. Took a buy with a smaller lot (dynamic risk) when the 7.30pm candle broke the prev 30m candle with SL below the prev 15m candle around 22 pips. 6. moved the Sl to the below the new 15m candle (8.15pm)...
Took a buy when the D candle flipped bullish. Closed the trade within a minute with 13 pip profit
1. D was bullish. 2. Planned to take a sell if the D candle breaks its on low. 3. 4h was in a range. 4. 1hr was in a range 5. Trusted the HF and took a sell when the D breaks its on low. 6. closed in 14 pip profit. Runner 17 pips. 7. could have placed in BE and let the runner run as price went down to 40 pips. 8. Overall, a good quality trade. OANDA:XAUUSD
1. Price was in a UT. 2. looking for a retracement in smaller TF for entry. 3. went down 1hr, support was formed. 4. broke the previous high. 5. took a buy 5 mins before the 6pm candle closes. 6. closed in 4 pips profit. 7. price went 18 pips as planned. FXOPEN:XAUUSD
OANDA:XAUUSD What I am looking at today. Bias for both Buys and Sells. Since it is a Friday, will be taking a smaller lot with extra caution. Any thoughts?
OANDA:XAUUSD 1. There was clean clean candles to the left 2. was waiting for a candle close above the resistance in 30m TF as its a strong confirmation 3. took a buy when the new 30m candle broke the high of the previous 30m candle. 4. but price moved down and closed 50% when the 5m candle closed bearish and full position as price continues retacing. 5....
Gold trade on a monday. Please do feel free to give any feedback on how I could have done better