We are seeing an IRL to ERL buy context here. Simple and straight forward. you can set a limit order and hop in on this trade. I got a buy signal with my strategy earlier this morning but it was 5AM over here and I was asleep but we can still get on with this. Safe Trading.
Well this was painful. We were up 1.8R, I hope you set B.E if you took the trade, lets see if we can see any more setups post news. Trade Safely.
Sequel to the last Idea I posted, We are now Live and IN.
The news come and messed up our setup but that doesn't mean our setup was invalidated. I decided to re-enter again this evening and boom Gold went to the moon. I only decided to take 2R lol Rough week overall but I will definitely make it up for you all tomorrow. See you tomorrow at London session.
This week has been a bit of a tough one for traders, but with good risk management systems in place, we would always still have an edge. Gold is moving from an IRL (Internal Range liquidity) in this context {4H FVG} to an ERL (External Range liquidity) {Swing high] An extra confirmation has been received by a break to the upside of the bullish OB on the 5min...
Market is reaching yesterdays new york session low and I am expecting a bullish move from there. S.L 2892.4 T.P 2818.8
Hi guys, If you have a prop account that is about to be breached due to drawdown, then you might consider taking this long trade. Very sensible setup but with a minimal Stop Loss. Let's see how it plays out. S.L 2901.7 T.P 2942.6
As we can see, Asian low got swept and we are still in a buy context when looking at the Higher TF's Currently waiting for a break above the 4H FVG before going long. Let's see how it plays out.
Our setup was going well, then the big vaillain sell candle came in and stopped us out. Well we go again.
Clearly, Gold took all sell side liquidity and fell to the daily support zone, all i am looking for is a break of structure to the up side and then I am going long. I'm targeting a simple 2R but you can target more. 2639 is a good place to target ENTRY PRICE- 2616.9 TAKE PROFIT- 2627 STOP LOSS- 2611.7
According to my top down analysis, I have a more bearish sentiment on Gold, as we could see a bearish respect of the weekly fvg on the daily timeframe