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Alfoxdaytrader

My trade for GOLD (XAUUSD) todayHere's my trade for GOLD today. From daily tf where my bias is bullish targeting the PDH and structure tf which is 1H then entry tf which is 5m. Now for my idea, i am expecting for price to go towards the PDH and that's where i got my bias. For my structure clearly we can see that the recent 1H candle respected the recent bullish FVG so now i can see that the bias is aligned with my structure tf. Once i saw that my entry tf is also aligned with my structure tf, i decided to enter with a target of 1:3R
ICMARKETS:XAUUSDLong
by alfoxDayTrader
Assignment for GOLD next weekBase on what happened this week. My idea for GOLD is simple and straight forward next week. After that strong expansion to the downside, i am expecting to see a retracement towards .5 or .62 of fib level before price will continue to go down and mitigate that big weekly imbalance below. Base on the structure of next weeks high impact news, my idea would be a simple consolidation for Monday till Wednesday since we got no high impact news on those given days. Then Thursday and Friday would be the expansion since we got FOMC,CPI and PPI for those 2 remaining days of the week... My entry would still be the same. Top down analysis using my multi timeframe strategy and wait for all timeframes to align and enter in 5m timeframe once it aligns with the overall higher timeframe. Good luck to us all and Happy trading...
ICMARKETS:XAUUSDShort
by alfoxDayTrader
Another great trade for XAUUSD (GOLD) todayAfter seeing the price action of monday to wednesday, it gave a hint as to what to expect for today. Since i was expecting a consolidation reversal week i knew then that thursday will sweep monday to wednesday and do a reversal for today. Combining it with my multi timeframe analysis from daily to 1H with my entry in the 5m timeframe, i was able to capture this 1:7R trade for today... For tomorrow my expectation would be an expansion friday candle going down targeting the daily +FVG to complete the ERL to IRL scenario...
ICMARKETS:XAUUSDShort
by alfoxDayTrader
Another Good Trade for GOLD (XAUUSD) Today My overall forecast for this week is that Gold will do classic expansion week where monday will go up then tuesday will most likely go up to sweep mondays high then do the reversal so that wednesday and thursday will be expansion going down and target the daily imbalances below. For today i was expecting a bullish push upwards for GOLD before it will reverse so i followed my steps by combining my multi timeframe analysis. From daily for the overall bias to 1H for that confirmation and alignment then 5m for my entry timeframe. Once i saw those 3 timeframes align with combination confirmation that i saw with the price action then i entered the trade. My original target was 1:3R but then i saw the weakness after price came to my 1:2R level so i manually pulled out with a 1:2R gain for today....
ICMARKETS:XAUUSDLong
by alfoxDayTrader
Next in LineHere's my next trade plan. Bias for this trade is bearish and I'm expecting to see a reversal after price breaks a structure below which will form CHOCH and at the same time a new bearish OB. Once our new bearish OB is formed, i'll wait for our price to re visit our bearish OB and look for my entry point before it goes down to our TP zone. this target will give us a 1:10 RR and i'm using 15m tf for my structure analysis while 1m for my entry. Hope this can help our fellow traders specially those who trade ONEUSDT...
Short
by alfoxDayTrader