Note : congratulations for those who followed my gold buy setup yesterday, i have secured 50% of my profit and here is the second entry for those of you who didn't have the chance to take part in the first entry ... enjoy ;)
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________
Hello - What time frames do you check to confirm your decision to enter a XAUUSD trade? Do you use any other technical indicators? Please describe how the VP helped you to make your decision in this particular trade. How long do you hold onto a trade? tHANK YOU
GWBFX
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@Patrick0303, Hi my friend,. as long as you are able to see the perspective clearly you can entry in any timeframe, VP helped me determine an important support & resistance level ..... i usually hold positions from 2 days to 2 weeks..i'm a swing trader
FiboTradeMasters
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Interesting view, agreed that short term looking to reach towards 1490 first and potentially try for 1520 if that breaks. But midterm bear still exists on my fibo charts since it's still a distance away from hitting the pivotal 1.618 fibo level at 1416.
Taking your idea for a upcoming short positioning n hopefully hitting a home run from there. ;)
Ceotimgorman
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@FiboTradeMasters, I was not here to see your analysis but I somehow jumped in on the trend and I reaped goooooood profits was laughing alone a little too loudly.
GWBFX
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@Ceotimgorman, Hi my friend, lol ...... as long as your RR ratio is still above 1:1 it doesn't matter, .. but don't make it a habit to jump right into the market like that XD
Ceotimgorman
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@GWBFX, Thanks for the advice. It is just that I came in and saw a lot of money floating around lol. Also, I am new to trading and so I do not know how to properly analyze the GOLD pair. I am trying with London breakout and it is working but not with PR of 1:2.
GWBFX
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@FiboTradeMasters, Hi,.. interesting analysis,.. btw i'm glad that my analysis is able to give you a more detailed view ;)
Mfatih
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Analisanya ok banget, ada telegram group gak mas?
GWBFX
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@Mfatih, Hi, thank you for your feedback ... hope to release my channel this month, just wait patiently ;)