FX:XAUUSD   Gold/U.S. Dollar
Entry on chart..
Look at rgmov, despite the advance it barely bulged, CCI went back over -100 but the zone we're in is a strong monthly and weekly range expansion resistance.
The entry is pretty tight so I think it's worth a shot despite the lower odds.
Good luck!
Cheers,
Ivan.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
If not readable on chart:
Entry - market
SL: 1133 (1134.7 for FXCM)
+1 Reply
In, and patiently waiting.
+2 Reply
manijeh.kazemi.33 IvanLabrie
a year ago
HI JVAN TP?
Reply
IvanLabrie TOP manijeh.kazemi.33
a year ago
No tp for now. I aim for 913 give or take.
+1 Reply
uktam
a year ago
snapshot

gold stopped at 1067.00 and we are doing from there
Reply
IvanLabrie TOP uktam
a year ago
I don't trade with trendlines so I will have to disagree.
+1 Reply
aibek
a year ago
Hola amigo! Totally agree, as it was iv of 5 up and now impulse down!
Reply
IvanLabrie TOP aibek
a year ago
Or something else, but probably the start of a new impulse down.
Reply
IvanLabrie TOP IvanLabrie
a year ago
(Looking like wave 1-2,i-ii, hourly plot)

As for time at mode, this looks like a perfect way to join the monthly downtrend, crossing fingers.
Reply
Got out of the short for now, was looking too slow for my taste.
+1 Reply
stragaw IvanLabrie
a year ago
ok.
SL 1123 ))
+1 Reply
Reentered the short, I got a 4h sell signal, range expansion from a mode at 1117.60.
Keen time at mode practicioners will spot it and other bearish signals here. (apart from the monthly/weekly ones).
I'll risk 0.2% and place the stop above this bar's high at 1121.22.
Reply
IvanLabrie TOP IvanLabrie
a year ago
I'd like to see new lows asap, and a sharper selloff than the previous 4h range expansion bars.
If I don't I'll exit before the stop is hit.
+1 Reply
stragaw IvanLabrie
a year ago
sl triggered
Reply
IvanLabrie TOP stragaw
a year ago
Better safe than sorry, well done.
+2 Reply
snapshot
+1 Reply
discman24 IvanLabrie
a year ago
i am so gonna miss the grand entrance..
Reply
IvanLabrie TOP discman24
a year ago
I mean, potentially a 52:1 r/r.
Let's be patient.
You can enter now, risk small, stop at the weekly open in your broker (here it's 1134.57)
Target is 913.
+2 Reply
stragaw IvanLabrie
a year ago
+1 good luck ;)
Reply
discman24 IvanLabrie
a year ago
no worries about it.. never too late to trade.. ;p
Reply
1h time at mode trend signal, expiration matches with FOMC.

snapshot


Don't leave your screen!
We can't miss out here.

Entry will be as tight as can be.
I will hedge the stop loss with an opposite long position, split in two orders:
Long at weekly range expansion bar open (true range, or prev close if gap). Use your platform's open, or mine: 1133.
-75% risk size long, SL 1 ATR, TP 1 ATR.
-25% risk size long, SL 1 ATR; TP 1153.

We can place the long already, and wait to enter the short, with long entry as stop loss.
+1 Reply
Entered short!
+1 Reply
stragaw IvanLabrie
a year ago
Ready ))
Reply
IvanLabrie TOP stragaw
a year ago
This has to be the tightest entry...now crossing every finger.
+1 Reply
manijeh.kazemi.33 IvanLabrie
a year ago
thank you jvan
Reply
IvanLabrie TOP manijeh.kazemi.33
a year ago
Stopped, long activated, I closed it for now.
Will wait a bit, shorted with a very tight stop again, but I won't chase it too far. Watching to catch it on the way down.
Reply
Shorted again, stop at 1147.55. 1% risk.
Reply
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