alex.a

XAUUSD breakout trading

FX:XAUUSD   Gold/U.S. Dollar
299 27 0
Breakout trading from triangle.
fxtrader66
3 years ago
nice observation
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alex.a
3 years ago
My prediction was wrong. It didn't reach 1340s. This chart is credited to Mr. Puerto. Although a lot of things aren't enough -
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fxtrader66 alex.a
3 years ago
it was not wrong. You had direction, when many were thinking of a pullback. Good job!.
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alex.a fxtrader66
3 years ago
also, I still don't know (1) when and where to enter with (2) how many lots.
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alex.a
3 years ago
After 3 hours or so, it has finally reached. 1343.82. But the things is I didn't make a single penny with this because I didn't follow.
Next time, I should follow what I did. Rule No. 1 Follow your scenario.
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fxtrader66 alex.a
3 years ago
most likely if you were not in the trade before it ripped, its hard to to catch the initial breakout, but price always pulls back to let you on, heres a strategy i use in fast moving markets. from the low befor the breakout, fib from low to high and look for the pullback to the 23.6 or 38.2, once support is noticed at one of the fibs enter with good rr. I use a (34ema wave). I dial down to a 1 min chart and when the 34 ema wave is in confluence with a fib level and the momentum is up I enter with a stop under the recent 1 min swing low
snapshot
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alex.a fxtrader66
3 years ago
I don't understand exactly due to low sugar but I will think through and acquire all you wrote.
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fxtrader66 alex.a
3 years ago
For the 34 ema wave google - Raghee Horner 34 ema wave -
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alex.a fxtrader66
3 years ago
Thanks - Next time perhaps we can bounce up and down together with profits. Perhaps on Friday, durable goods day??? I will study without fail. ^_^
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fxtrader66 alex.a
3 years ago
I think the week is still you and there are more pips to be made before friday. This is what I am looking at. if the gold can hold 1339 than its a long, if it brakes 1339 than I am looking at lower support to buy a bounce. I think it will pullback since gold traded its 50& fib HWB from aug highs to last weeks low, would expect some reaction here.
snapshot
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fxtrader66 fxtrader66
3 years ago
week is still young plety of pips to be make long and short
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alex.a fxtrader66
3 years ago
So, you see the trend has finally averted to "long." What's HWB?
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fxtrader66 alex.a
3 years ago
half way back from high to low. Yes the trend is up, moment is up, so I believe gold will continue to go up. Look at a 4 hour chart, higher higs and higher lows.
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alex.a fxtrader66
3 years ago
Side question, what is YTD? I got twitter "NEW YTD highs in EUR.usd. time to clean up the charts."
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fxtrader66 alex.a
3 years ago
ytd = year to date = euro at new yearly highs...
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alex.a fxtrader66
3 years ago
I see.
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Serkan G
3 years ago
good chart, but i expect that it will hit today 1362 (and perhaps 1380)
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alex.a Serkan G
3 years ago
In my opinion, jobless data would be good. Not bad so it will pull down as you predicted. But tomorrow Durable Goods will raise?? So, I think you chart is much better. My chart is outdated. Perhaps, closed.
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alex.a Serkan G
3 years ago
Also, please remember the data of non-farm payroll has some inaccuracy and pre-GDP also includes those inaccuracy. So, it will go up as the data says but a lot of people are saying not 100% reliable - But remember, market is not logical. Go with the trend -
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fxtrader66 alex.a
3 years ago
if gold does pop, it could produce another range of a 1000 pips or more?? Another thought, gold breaks the 61.8 from aug highs to last weeks low, price could pull HWB
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alex.a fxtrader66
3 years ago
Perhaps, tomorrow at Durable Goods - Can we all go to the Chat (Forex Talk)? (May I ask this?)
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alex.a Serkan G
3 years ago
I am in the Forex Chat room. Please join -
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fxtrader66 alex.a
3 years ago
where is the forex chatroom?
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alex.a fxtrader66
3 years ago
In the right top corner "-->" Arrow image
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fxtrader66 alex.a
3 years ago
i do not see it.. plus have to keep an eye on my charts NY open coming up.. i will figure itout ltr when market slows down a bit
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alex.a fxtrader66
3 years ago
Good - Later ~ See it went down. But, I don't know the next data. Manufacturing PMI. And Home Sales.
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alex.a fxtrader66
3 years ago
https://www.tradingview.com/chat/#forex Just click this, then. I know the image is not clear to be identified as a Chat.
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