Hello Traders!
Just watching this Potential Setup, Let's see.
Just watching this Potential Setup, Let's see.
3
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DislikedQuestion: After marking the price reaction zone and waiting for price to get there. .. How (or when) do you determine that the price is going one way or the other, ie is it breaking out or faking out? This question has always been on my mind and I am sure on alot of traders minds, as they take positions. Do you wait for price to form certain candle patterns, do you wait for a break-out a pull back then a break, etc etc. PLEASE give us your opinion. Thank you I am at the crossroads now with GOLD and OIL trades are at previous Support/Resistance Zones....Ignored
DislikedQuestion: After marking the price reaction zone and waiting for price to get there. .. How (or when) do you determine that the price is going one way or the other, ie is it breaking out or faking out? This question has always been on my mind and I am sure on alot of traders minds, as they take positions. Do you wait for price to form certain candle patterns, do you wait for a break-out a pull back then a break, etc etc. PLEASE give us your opinion. Thank you I am at the crossroads now with GOLD and OIL trades are at previous Support/Resistance Zones....Ignored
Disliked{quote} Hello Zakattack, Trading is all about your ideas, your own due diligence, your research, your filings based in what you know, what you already experienced and what you have as a rules to trade, there are so many ways to trade, so many strategies, but in the end of the day what differs the losers from the winners is not the strategy itself, but the fights that you have with yourself, we started this thread to post the ideas of trades, its not educational nor signal service, so i don't recommend you or anyone to follow nothing posted here....Ignored
Disliked{quote} There are so many ways to trades. But during such times, it's best if you monitor the news for any signs that may cause gold prices to go up or down. In particular, anything risk related in the global economy. However, there is no right way to trade bounces or breakouts. All you do is take the trade, set a SL and TP and wait to see which way it goes. No one here has a crystal ballIgnored
DislikedPaying special attention to AUD/CHF as today we will have AUD news that can be the catalyst for huge movement to the downside, well let's see. {image}Ignored
DislikedHello Traders! Longs on E/A playing out! Target 1 reached, stops moved to BE. {image}Ignored
DislikedHello Traders! Just watching this Potential Setup, Let's see. {image}Ignored
DislikedQuestion: After marking the price reaction zone and waiting for price to get there. .. How (or when) do you determine that the price is going one way or the other, ie is it breaking out or faking out? This question has always been on my mind and I am sure on alot of traders minds, as they take positions. Do you wait for price to form certain candle patterns, do you wait for a break-out a pull back then a break, etc etc. PLEASE give us your opinion. Thank you I am at the crossroads now with GOLD and OIL trades are at previous Support/Resistance Zones....Ignored
Disliked{quote} Hello Zak, Yes this is tough to answer, as victor pointed out it takes a lot of practice, trial and error. And another trader mentioned no one knows and i can agree. You see when you pick a trade there are only two possibilities - up or down, the idea is to pick a location for your trade that gives the best outcome. So you see us picking trades (as you observed), on the bounce or breakout. I also pick momentum and trend continuation. I avoid buying tops or selling bottoms in relation to the price location on HTF's. & Most importantly look...Ignored
Disliked{quote} Traders, as im anticipated the news was the catalyst for the AUD/CHF drop, target 1 just reached, will be keep watching the development. {image}Ignored