Forex can only be understood backwards, but it must be traded forwards.
- Joined Mar 2010 | Status: Member | 5,869 Posts | Online Now
Forex can only be understood backwards, but it must be traded forwards.
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DislikedI am looking for a setup on gold a BUY trade around 1097 area, the broker you can see here is GKFX they are two ours ahead of the uk time so when they say 15;15 its actually 1.15 in the UK and in the US in New York its roughly when all then news hits the markets. Again I want to see a good rejection candle around the time that I marked in about 112 minutes from this posting. Target is time not price so look to exit the trade in two hours{image}Ignored
DislikedGold did not push down to the level o the time specified so I am not trading itIgnored
DislikedHa aha yes I do, ok I love this set up when it comes along, this is the EURUSD and they play us all for fools, I am lookin to go short at the yellow line 1.09161, you can also wait for a weakness candle spike hammer etc, stop about 30-40 pips but only as long as the 1st order profit is not hit, once your 15 pips is in the bank, stop to break even second target 30 pips and the rest to break even, I do not know will the US push it back up, but if they do then be ready for them. {image}Ignored