Simple scalping system, all red or all green 101 replies
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Dislikedi had a few scalps, 1 loss / 3 profits. probably not best way to trade trying to work out the direction when it seems to be consolidating all morning. We are at a strong support but with news on war hesitate that might break below. what's peoples thoughts?Ignored
Disliked{quote} @luck0828 comrade.. Yes price will retrace. Gold has tried to break @4124 twice now without success as seen on my trading system attached, but maybe they will break the third time or fourth. We saw that happened on two occasions yesterday. Take your profit manually when price dip low. Success {image}Ignored
Scenario B: The Short Breakdown (Trend Continuation Play)
No Chasing Mid-Range: At the exact price of 4124, you are caught right at a line in the sand. Do not execute a market order instantly. Let the market test the edges (either up to 4135 or down to 4114) to confirm who has control.
Volume Warning: Wednesday is historically a peak trading volume day for gold. Ensure your risk-per-trade does not exceed 1% to 2% of your total account capital to survive any sudden whipsaws.