tntsunrise

July 5tih, NFP Trading Setup

FX:XAUUSD   Gold Spot / U.S. Dollar
7742 views
192
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NFP Trading Setup

Today NFP data is coming

Fundamental side: last NFP is bad,
and today's NFP's forcast is not very high as well.
ADP Data is also not very good.
So Dollar is not likely to gain strenght from this NFP

Plan A:
If NFP data is less than 150k, Gold Rally to 1430 but can't
break 1430 in the first place,
then we can use lower time frame's price action
find pin bar , engulfing , inside bar break down to take a short
Plan A minor: If Strong Green candle break 1440 instantly
then we find pull back to buy

PLAN B:

If the NFP data is greater than 150k , then gold may drop ,
Ready to buy gold from 1395 demandzone + Trend line support,

Gentle Reminder:
Do not all in, Do not gamble, Do not trade
before the news
Price moves very fast after news, so if you have
reward risk ratio 2:1 , you should take some profit

Random Trading, Ruin your life -- Alwasy Funding, No Profit to withdrawl
or
Professional Trading, Enhance your life---Consistantly Withdrawl, keep finding good trade
Which one you choose?
Comment:
Plan B working
Comment:
Here is the Three Inside Bar that I found and traded
You can take this as a trading log for review purpose
Comment: I have circled all the trades that i spot.
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Comment:
Trade closed: target reached: Trade Closed, from 1395 TO 1420
Comment:
TOP TRADER Contest: https://www.jackedu.com/match_dl.html?lang=en

Jack's Page:
http://www.harmonicasia.com/index/course.html
http://www.youtube.com/projack

微信助手:jackedu007 (添加信息 JACK院长)
You can take a look to my XAUUSD TRADE :)

Reply
Ugh. Close position or still short?
Reply
tntsunrise kirkhilles
@kirkhilles, Close your short first
Reply
kirkhilles tntsunrise
@tntsunrise, Thanks!
Reply
double top?
Reply
thanks for the setup. goodluck
Reply
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