I put some labels and Narative of what had happen on my Gold trade this week. SO giving an idea as to why and when I enter my trades.
Taken out the BUyside equal high at 1788 , after price delivery commence from 9:30
FVG after London session and entered exactly at 9:30 NY . Bias was bullish and attacking equal highs buyside liquidity.
THis time IM using the Hourly chart to show you all that price action can do any time frame to trade with. This is a classic example of Intraday Swing. Key points here is Time and Price
Rather un suspected morning, My pending buy got missed twice. SO Im canceling this trade.
Nasdaq Long Intraday NY session, 2 trade 2 win GOld long after it took out sell side and previous day Low. 2 Trade , 1 win and 1 BE
Hate it when it happens. Thats twice on the GBPJPY spread made it impossible.
Kind of ok but not what I xpected. Nasdaq hit my TP GOld otw to TP GBPJPY BE Next Loook fr additional Sell on GBPJPY or BUY Nasdaq, Possible BUY GOLD, Wait and see
Didnt look at EURUSD today BUt INstead traded Gold, Nasdaq and GBPJPY
Im loking for INtraday setup today. GOld BEarish Bias - look for sell Nasdaq Bearish Bias - Look for sell EURUSD - Look for sell or Buy
Straight forward price delivery. Taking from the fair value gap prior NY open. Towards the Sell side liquidity Friday Low.
XAUDUSD Bearish Bias NASDAQ early sell short term taking out the sell side of Friday Low.
NFP week. I would need to be careful tomorrow because this is NFP week.
Apparently that bullish didnt stay long. Just after the 10:00 news, the bias revert to Bearish. Taking out the sell side.
Apparently I was wrong in my analysis on Gold, and Nasdaq hone in nicely.
Even missed, we can learn that the price action trading are consistent and the theory and model behind the Fair Value gap are real indicating the algorithm are consistent with Time and Price. More backtesting and practice would again dictate the anticipation better. Have a good weekend all and Happy Hunting!!