after our initial buy at the arrow on sunday evening we seen a move from 2640 to 2646.5 which was about 60% of take profit but we let our move finished and we placed a stoploss in profit at 2642.50 unfortunantely we got stopped out, and we came into a market sundayevening and monday morning which was not in a trending phase but an accumulation phase and within...
GOT IN AT GOLD AT 2640 GONNA GET OUT AT 2650 ALWAYS TRYING TO LOOK FOR 100 PIP MOVES WHICH GOLD DOES ON A REGULAR BASIS it made a reverse head and shoulder pattern and should be looking to fill in the gap and retest its previous high before break of structure at 2650
as a day trader you always got to look at what the market is telling you and listen to the sign it shows you, yesterday we were looking for shorts if the market continued to retest the liquidity zone 1.949-1.947 but now it has clearly broken the structure of a sell and im looking for the retest at 1.949 for a buy limit activated to the upside past equal highs
gbp/aud has moved exactly in the direction that we planned to the 1.948 levels grabbing liquidity and taking out stop losses below the 1.948 levels and running it back up to our liquidity zones, as of right now i am looking into another sell position at these current levels for london session but need more confirmation of retest of zone or a break and retest to...
i believe gbp usde is going to the downside because on the four 4h time frame we've been consolidating on the fibonnaci levels of .79,.70 and point 62 for a couple of days now which has been gathering orders and liquidity to start making its move, i believe in the next couple of days or today we could see gbp/aud go below 1.948 to grab liquidty and continue its...
i was wondering why the price for gold has surged so much through out the day with no major retracement as i thought it wouldve atleast bounced off the 2530 line yesterday, so i started looking into news and seen the unemployment claims where greater then the forecasted and then i looked at how it would affect the dxy and seen that their was a correlation between...
looking at the chart provided we have a area range of equal highs that had to be broken into to provide liquidity for our next move, what i am thinking is that now that equal highs have been broken we have enough liquidity grabbed to make a move for the downside, i want to see either a retrace and retest at 2530 level for the way up or a break and retest of 2522...
