Daniel-Malik
Short

XAUUSD - SHORT SETUP

FX:XAUUSD   Gold/U.S. Dollar
1060 30 28
6 months ago
After an Impulsive wave , A correction of Gold             is happening after that We will see a down move. Also Stoch is in over brought area and Price Volume divergence also found !
6 months ago
Comment: For the TPs of this trade, you can use Fib Ext. tool
6 months ago
Trade closed: stop reached
waterman
6 months ago
Very intelligent analysis.Congrats.
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Daniel-Malik waterman
6 months ago
Thanks :)
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alvin88
6 months ago
Thanks, like your analysis sir!
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Daniel-Malik alvin88
6 months ago
you are welcome :)
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Batman-oz
6 months ago
Your the Man
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Daniel-Malik Batman-oz
6 months ago
:)
+2 Reply
Noobsnoot
6 months ago
where do you propose for the tp? gold seems very volatile these days
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Daniel-Malik Noobsnoot
6 months ago
Difficult to find, but for this you can use fibbonacci extention tool
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Batman-oz Noobsnoot
6 months ago
My dear friend, this was something i had to work out when i first came across Dan. But ill give you a big hint, the bottom of the arrows. and for your SL, on this i used the 618
+1 Reply
Daniel-Malik Batman-oz
6 months ago
Intelligent
+1 Reply
Noobsnoot Batman-oz
6 months ago
Thanks buddy. Trade activated at 1325 just now. Finger crossed on this trade.
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Batman-oz Noobsnoot
6 months ago
Fingers crossed on every trade but with Dan you can be at ease.
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Batman-oz Noobsnoot
6 months ago
Please also do not forget to thank Dan for his work
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Noobsnoot Batman-oz
6 months ago
Of course... Daniel is really good analyst that I look up to. Thanks so much Daniel, keep it up. *two thumbs up*
+1 Reply
Daniel-Malik Noobsnoot
6 months ago
you're welcome
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benzhaidang PRO
6 months ago
i follow you sir
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Daniel-Malik benzhaidang
6 months ago
Best of luck :)
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s.vic84
6 months ago
Im in this.. Thank you Dan , good setup .
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GatesOfCapital
6 months ago
Really nice! Where do you advise to put stoploss? And for profit target you use fibo extention levels?

Thanks for your view on this.
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Daniel-Malik GatesOfCapital
6 months ago
I personally Dont use Stoploss. Instead of stoploss I use pending order but you can place your SL just above the 0.618 level. and yes for TP you can use fib. ext.
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waterman Daniel-Malik
6 months ago
' I personally Dont use Stoploss. ' Atlast I find somebody like myself who don't believe brokers.
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GatesOfCapital Daniel-Malik
6 months ago
Thanks! Im in the trade..
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markuslig Daniel-Malik
6 months ago
maybe a lengthy subject, but... how do you work with pending orders instead of sl?
I mean you just "lock in" the loss between a sell and buy, no?
Reply
Flemingo
6 months ago
Been following you here and on Facebook group so learning from you. Noticed the reverse pattern on USDCAD and then came to know that you have also published the idea. :-)

Thanks for teaching.
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mrforex89
6 months ago
I see a 5 wave count completing at 1346-1350 before down move. Excellent analysis though.
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Noobsnoot
6 months ago
Daniel, where to you think the retracement will stop and bounce downward to our tp? -100ish pips now.
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Noobsnoot Noobsnoot
6 months ago
Actually not 100 pips but minus 1800 pips.
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Daniel-Malik Noobsnoot
6 months ago
its 170 pips now. but i told you to put SL above 0.618 which was hit, And SL are the part of game
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Noobsnoot Daniel-Malik
6 months ago
Yep, it stopped at 1345, tried to hold it but it just rallies up. What a loss. Where to now?
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Noobsnoot Daniel-Malik
6 months ago
any plan on this stage, dan?
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