Yesterdays move went really well, while i projected total 240 pips, i chickened out at 85 pips net... move ended up completing the full 240 without me. no major news today, regular risk
Looking to keep selling now that news came out. Two separate trades charted.
Safe to say I'm simply using technical on the move made by gold. I typically look to trade the inverse of Gold when the move happened before I cold catch it. ( not 100% fool proof)
Nothing lack of news on both GBP and AUD, using this + confirmations on its negative correlation with gold but smaller volatility risk.
After a good amount of rallies I do think gold wants to start catching a breather. I set two positions as always a 1:1 and a 4:1 target. I wont be placing these orders in until 9 am.
Last Technical Tuesday went really well for 380 pips. Waited patiently for any set ups I like, fundamentally and technically speaking this all Im liking at the moment. Feels like Gold should continue upward momentum.
Looking simply at trend and technical. While Gold continues to rally, I thought to just wait, but I do believe this is the true trend for Gold and AUD happens to be reacting sooner. Not a fortune teller so lets see what happens
Looking to probe again, stopped out on initial entry.
Looking to go long on GOLD after this weekends events. I still see movement to safe haven even though technicals show to keep selling.
Looking to get in early on a reversal of 5th wave, NFP week means I wont hold long as news is never fun.
No need to try and catch a falling knife, Looking to continue with the trend as the DXY continues to close long on the weekly.
Throughout the years I have normally traded GBPAUD opposite whatever bias I have for Gold being AUDs dependance on metals. Looking to sell off GBPAUD .