XAU +48 +45 (observation), if it were so quick and simple everyday. Definitely a range day on 3 pip XAU, so I decided to draw a channel just to see it is doing a quite accurate bounces, waited for HTF signal to catch some quick pips but it suddenly dropped and break of a channel forced me to hold on, subsequently it made a nice 38,2% with bounce of the channel and dropped another 25 pips, I had no time to draw a Fibo expansion or S/R, so I decided to close at small bounce of BRN. Well stupid idea, usually during spikes like this one BRN does not mean a significant turn over point without divergence or other signals, but this time it worked good for me - still, I am not interested about hunting big runners, and in the observation mode it is in addition irrelevant. Second trade was easier one, we had broken consolidation and good momentum, only the BRN in the way - waited for confirmed pull back, first time BE because momentum dropped down on moment, but then again little spike and bigger 123 so I pressed a Sell in my mind with TP on Daily Low what was the only significant point for me to exit, combined with 127,2%. Okay, maybe I should wait for 161,8% where price bounced and started rising a few seconds after that, because pull back was only 38,2% what means that I could aim for 161,8% or 200%, but again - no reason to hound market to its last tick.
Nice trades buddies, wish I could join asap to you with real account
Nice trades buddies, wish I could join asap to you with real account
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