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. - - 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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