XAU Apr07 New York 3pm - long way to go down to 2935 but no today {image} ...
Last two days have been really shitty - full transparacey - have lost about 10% - trying to trade outside the zone and taking stupid trades and not having faith in the setups. What to do - STUDY the strategy and work on my mental mindset. The strategy work - so stick to it!! If no setup comes within the first 1 to 2 hours - wait til next day. I don't have to trade, if there isn't a good setup and I for sure don't have to force bad trades over and over. With this in mind - the strategy was clear - wait until Tokyo open or just before - and enter...
{quote} XAU Apr08 Trade Once Every 4Hr - first 'bounce' in the Weekly zone - wait another 4hours, then another 4hours, .... {image} ... ...
{quote} gold negating downward momentum {image}
Hello traders, Been back testing now even more, did some real trades on my own. I can see the bright light at the end of the tunnel, but some things still question me. I am reading this thread from beginning and came across one question. Why didn't @Island took the trade at 10:00? (black rectangle) I know it would have been a miss, but is it only just a matter of instinct or is there another technical explanation? Because at 10:00 a candle has a long upper wick so if it would be me, I would probably took the trade. Thanks in advance.
I took an early trade today - I really liked the setup and price had been screaming rejection for hours. After Trump's manipulation of the marked - price have left a big imbalance that most likely will be corrected in the coming day - so I decided to get in early with the impulse move I anticipated will come before Tokyo open. Made an initial entry and a reentry and I'm breakeven plus a little for both trades now. So trade is free - and I can look for other setups. I anticipate that I am in the pre Tokyo impulse move right now - and that price will...
{quote} XAU Apr09 London 8am UPDATE: - moving nicely in the Weekly direction, - target 3084ish maybe sometime this week - buy the 'small dippers' when hitting the Daily levels {image}
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BTC Apr09 Tokyo 10am UPDATE: - medium to long term target levels for Swing / Position traders - control the risks, manage your trade Position Size, {image} ...
