Simple Tip: Add Stoc with 8,3,3 settings, then wait for the new bar, because usually a retracement will happen after the engulfing bar is closed. Plot your fibo just like the instructions, and wait for the retracement around 61.8 or 50, then you can say that its a valid engulfing bar. Then trade it. Also refer to the support and resistance it might give you an idea where the trend will end.
XAUUSD seems to have a valid buy setup. Will use small lot size though. Stay Green
That is why you're good with using small lot size.. 
{quote} It seems to be valid buy, but it's not coz Gold has been ranging for a while now... Wait until it breaks the range, but I could be wrong though... Just giving you additional insights..
{quote} Vince. Thats exactly why the smaller lot sizes. Have been selling high and buying low all week on Gold due to the ranging nature of the pair, just been using tight SL and trailing as soon as i move into profits on it. The Pending Buy order is at 1295.2 am currently short on it from 1294 looking to retest 1289 handle again. Trade safe and keep taking the pips the market gives...they all add up at the end of the day. Tah
{quote} Hello! Why did you knock the EURCHF breakeven if the price did not reach Fibo 150? {image} {image}
