Same strategy applied as gold on G/J 70 pip target in less than a 2hr active position on a late afternoon Fri close. 900 pips on 2 trades this week testing this strategy, so far so good
Been developing a new strategy purely for XAU/FX which allows for intra week swing moves & keeping the same bias for intra-day scalp opportunities, XAU would have returned 800 pips this week whilst keeping S/L at a max 10 pip range, few more weeks of testing but i'm very optimistic for the potential hit rate. Strategy is my own hybrid of SMC/ICT, Weekly & Intra-day ranges
1) Highlighted immediate 4h range high & low from current price action 2) Awaited a strong candle body BOS and identified the institutional candle that caused the move 3) refined order block on 1hr tf, then awaited mitigation of area 4) Scaled down to lower time frames (1m) to look for a new order block which broke structure lower time frame structure 5) Awaited...
1) Highlighted immediate 4h range high & low from current price action 2) Awaited a strong candle body BOS and identified the institutional candle that caused the move 3) refined order block on 1hr tf, then awaited mitigation of area 4) Scaled down to lower time frames (1m) to look for a new order block which broke structure lower time frame structure 5) Awaited...
Look like bitcoin is playing out EXACTLY to the levels i drew a few days ago... next stop 6k i guess :( This does not make me happy as i second guessed my own judgment and brought in at FOMO yestetday, valuable lesson learnt.
New to TA but having a play and i'm seeing a double top on the daily, forseeing that we will breakdown to the 6k level over the next 5-12 days and then a 70% chance of going on an ATH Bull Run, but as always there is never a guarantee! Regulation, FUD, Exchange hacks gives a 30% chance that we may go below and consolidate for remainder of the year, is this the...
If BTC doesn't break $11500 by 10/3/18 then i thik we could see a sharp correction for a few days, an opportunity to buy on a Dip for the last time.