FX:XAUUSD   Gold Spot / U.S. Dollar
193 19 2
Implication of Triangle Breakout below 1270 ????
fxtrader66 Walther
This trade set up was last week. It did move 50% of it's measured move, triangles don't always have to reach their measured move.
Which pull back did you get in @1316.60? , 1314.64? Again, congratulation ~
250 pips down ~ now
as Elpuerto93 wrote at 15:25 GMT+2, not 80-ish but also more than hundred. 125 pips from the beakout -
Break out at the bottom ~ At US Market opens
At GMT + 2, 12:00, this is strange. US Gov. partial shut down and US dollar Index fell but Gold.USD is falling... hit by the resistance and fall - So difficult especially when co-related data are not working together... ><
Oh, I see ~ Thanks -
alex.a alex.a
So, you will wait for the break out of this triangle and the condition of debt ceiling is resolved. I see.
Yes. Even if I have a limit order to buy or sell, depending which way the triagle breaks out, my order could get filled much higher or lower than I want due to slippage. Or if already in a trade I could get stopped out at much lower or higher or lower than wanted. Price will breakout, but tends to pullback for an entry into the direction of the trend.
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