UnderstandForex

UnderstandForex Updated 

We are looking for a BUY on OANDA:XAUUSD tonight. There might be two scenarios that play out, we are prepared for either. First scenario is what we charted. Second is below. Second Scenario: Important prices tonight: - 2378.55 - 2366.57 🧠 Helpful Tip: Remember to keep your stops small and profits large.

UnderstandForex Updated 

We sold the news this time. Entered a small short. Just under our rule of 1:5 Risk Reward.

UnderstandForex Updated 

We went long at 2338.45 after the news broke on PPI m/m data. Tight stops as trading news can be extremely volatile and risky. A conservative take profit is sitting at 2361.83 with another TP at 2370.30

UnderstandForex

We went long at 2307.10 and now we're just sitting in the trade. Looking great for the News. Absolutely enjoying this! ALMOST AT TP!

UnderstandForex Updated 

We went for a short on OANDA:NAS100USD SOLD THE NEWS AT 17351.79 STOP LEVEL: 17376.77 ANTICIPATING TAKE PROFIT AT 16994.38 CHART AS OF POSTING: Enjoy the pips.

UnderstandForex Updated 

Today we're looking at shorting gold, why? Well we spotted two deep liquidity areas, noticed the overall order books where indicating a strong sell and did the opposite of what the news said. However, we still are speculating so keep the risk small and the reward large. Happy profit.

UnderstandForex

Important prices have found me staring at the wicks and candlesticks of the NASDAQ 100 CFD again. I think it's time we take some pips. Check the trade setup on the chart.

UnderstandForex Updated 

Hi Traders, We've got ourselves a monster position on the NAS100, right now I'm speculating a several month position to ride out. However we could see even further lows if we do break through these prices. Marked on the chart are a few important price points I'd like you to understand. We will also consider the latest fundamental data, such as CPI,...