615 pips!!! GOLD BEEN PIP'IN - TARGET HIT - RIDE THE TREND
Gold has been Pip'in all week... 1611 TARGET HIT - 616 PIPS ON ONE TRADE (see previous Idea attached)
Current Trade:
Market has formed another Ascending triangle ALMOST at the exact same level (look left) as last breakout.
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NFP didn't move XAU/USD much but, it did give the push up to CONFIRM the Ascending Triangle Pattern. I bought at the next candle AFTER the BREAKOUT
LETS SEE WHAT THE MARKET HAS FOR US NEXT WEEK - FINALLLYYYY NFP IS OVER!!
WHAT HELPS ME:
- Trading 1 pair to get familiar with its characteristics (for me, it is hard to focus on too many pairs... TOO MUCH NOISE)
- STALKING THE MARKET (watching set ups form)
- ALWAYS "RESET" CHART (the circle arrow thingy near the +/- button)
- Back testing, find out what chart patterns appear over and over and KEEP THEM ON THE CHART (helps me identify them FASTER and with BETTER accuracy)
- Mark up the chart on higher timeframes for the BIG PICTURE (helps prevent me from entering NEAR a road block)
- Choose to be a buyer or seller (this helps with which patterns to look for)
- Remove MOST (or all) of those damn indicators (howwww can you focus with all of those lines that contradict and confuse?!)
- Keep your chart clean (helps me spot what needs to be spotted)
- Mark my levels on 2HR/1D/W/M timeframe
- Enter on 15Min/30Min chart
- BE OKAY WITH BEING WRONG
- BEING OKAY WITH THE FACT THAT THE MARKET DOES WHAT IT WANTS
- Not being afraid to LOSE!
Current Trade:
Market has formed another Ascending triangle ALMOST at the exact same level (look left) as last breakout.
-
-
NFP didn't move XAU/USD much but, it did give the push up to CONFIRM the Ascending Triangle Pattern. I bought at the next candle AFTER the BREAKOUT
LETS SEE WHAT THE MARKET HAS FOR US NEXT WEEK - FINALLLYYYY NFP IS OVER!!
WHAT HELPS ME:
- Trading 1 pair to get familiar with its characteristics (for me, it is hard to focus on too many pairs... TOO MUCH NOISE)
- STALKING THE MARKET (watching set ups form)
- ALWAYS "RESET" CHART (the circle arrow thingy near the +/- button)
- Back testing, find out what chart patterns appear over and over and KEEP THEM ON THE CHART (helps me identify them FASTER and with BETTER accuracy)
- Mark up the chart on higher timeframes for the BIG PICTURE (helps prevent me from entering NEAR a road block)
- Choose to be a buyer or seller (this helps with which patterns to look for)
- Remove MOST (or all) of those damn indicators (howwww can you focus with all of those lines that contradict and confuse?!)
- Keep your chart clean (helps me spot what needs to be spotted)
- Mark my levels on 2HR/1D/W/M timeframe
- Enter on 15Min/30Min chart
- BE OKAY WITH BEING WRONG
- BEING OKAY WITH THE FACT THAT THE MARKET DOES WHAT IT WANTS
- Not being afraid to LOSE!
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