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pixi
Oct 13, 2016 7:28 PM

Trading plan for Oct. 14 

Gold/U.S. DollarFXCM

Description

Hi,
This is my first post with a trading plan for an intraday setup.

Gold, since few days, is ranging between 62 and 50. So i build this setup from this postulate.
In range, sell top of range, buy the bottom.

So, i'm expecting a test of 1250 again to complete a bullish shark.

Buy to target 1256, the middle of the range (resistance), where gold could complete a 5-0 bearish. Short.

Then a last leg down on 1246 to complete a gartley bullish pattern on likely high volatility with the yellen's speech. Buy

We are in indecision, and i'm expecting a weekly close with a doji (close about 1255/56).

Obviously, above 62, this setup is out of date.
Comments
selfhigh05
great plan!
travelingpm
Very nice!
pixi
thanks :) I don't get intraday point but "only" the final target.
Close a short 61 on 46.30 and reverse on this level.
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