Possible Gold Long
- Block to block trading on the 15min and 30min charts
- Blocks are valued on Volume, Williams R % and the amount of times they have been tapped.
- Always wait for price action to confirm the trade before taking it. 1-5min.
- Stops should be other side of the block.
- Move SL to BE as soon as you can
- Trail SL on 1min / 5min - Take what you can, give nothing back.
- TP's are always hypothetical targets.
If London opens and tests the Asia lows it could be a great entry for a Long.
The stop in this case is very wide as it can possibly come down quite a bit if the Asia lows are broken. - probably doesn't need to be that wide. but hey safety first right.
If London opens and just keeps going up the entries will have to be gotten on pullbacks on the 5min chart using fibs. not ideal situation.
- Blocks are valued on Volume, Williams R % and the amount of times they have been tapped.
- Always wait for price action to confirm the trade before taking it. 1-5min.
- Stops should be other side of the block.
- Move SL to BE as soon as you can
- Trail SL on 1min / 5min - Take what you can, give nothing back.
- TP's are always hypothetical targets.
If London opens and tests the Asia lows it could be a great entry for a Long.
The stop in this case is very wide as it can possibly come down quite a bit if the Asia lows are broken. - probably doesn't need to be that wide. but hey safety first right.
If London opens and just keeps going up the entries will have to be gotten on pullbacks on the 5min chart using fibs. not ideal situation.
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