XAUUSD (gold), growth started. But bulls not strong now.
Updated
Hi friend. I start my intraday trading from this idea. Now we see small bullish impuls from support 2320 and our trading day started from this. Market process that cause growth - its bears distribution over.
Trading rules of my strategy (its my own trading you can use it for your risk only):
1) Every update will start with tendention vector i will mark for you - bullish trend or bears.
2) We will follow and try to catch exactly this trend.
3) Every update i mark entry price (if you was busy e.t.c and seen my idea some time after its update:
a) if update tendention was bullish and price = entry price or lower you can entry;
b) if tendention was bearish and price you catch was like entry price or higher - you can entry; c) another situation you waiting next update (if dont have any open position).
And ofcourse if ill be busy e.t.c i will close trading and update: trading closed.
Also remember that GOLD market like another exchange types its a real time process with many "x" and "y" situations. Market situation is constantly changing. And an idea is relevant for some certain period until situation changes.
Trading rules of my strategy (its my own trading you can use it for your risk only):
1) Every update will start with tendention vector i will mark for you - bullish trend or bears.
2) We will follow and try to catch exactly this trend.
3) Every update i mark entry price (if you was busy e.t.c and seen my idea some time after its update:
a) if update tendention was bullish and price = entry price or lower you can entry;
b) if tendention was bearish and price you catch was like entry price or higher - you can entry; c) another situation you waiting next update (if dont have any open position).
And ofcourse if ill be busy e.t.c i will close trading and update: trading closed.
Also remember that GOLD market like another exchange types its a real time process with many "x" and "y" situations. Market situation is constantly changing. And an idea is relevant for some certain period until situation changes.
Note
enter price - 2349.54
downward tendention
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checkpoint ) I exit now
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downward started
enterprice it a close price on image
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i exit now. Want to see next market process.
Friends - no support = no public trading 😎😉
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downward continue
enterprice it a close price on image
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checkpoint, i exit now. Thanks for cheer and support 😉
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bullish started
enterprice is a close price on image
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don't forget on bullish trend lower price - better enter
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bears accumulated and now its distribute downward. BUT trend is still bullish. And i keep my long position.
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bears catched .. i keep my long from 2343.6. But if you still not enter long it a good time. I think it will be strong upward tendention to resist level (marked red)
Trade closed: stop reached
Exit from 2334.
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