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 not readable on chart:
Entry - market
SL: 1133 (1134.7 for FXCM)
+1 Reply
In, and patiently waiting.
+2 Reply
HI JVAN TP?
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IvanLabrie PRO manijeh.kazemi.33
No tp for now. I aim for 913 give or take.
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snapshot

gold stopped at 1067.00 and we are doing from there
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I don't trade with trendlines so I will have to disagree.
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Hola amigo! Totally agree, as it was iv of 5 up and now impulse down!
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Or something else, but probably the start of a new impulse down.
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IvanLabrie PRO IvanLabrie
(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.
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Got out of the short for now, was looking too slow for my taste.
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stragaw IvanLabrie
ok.
SL 1123 ))
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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.
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IvanLabrie PRO IvanLabrie
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.
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stragaw IvanLabrie
sl triggered
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Better safe than sorry, well done.
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discman24 IvanLabrie
i am so gonna miss the grand entrance..
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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
+1 good luck ;)
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discman24 IvanLabrie
no worries about it.. never too late to trade.. ;p
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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.
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Entered short!
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stragaw IvanLabrie
Ready ))
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This has to be the tightest entry...now crossing every finger.
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thank you jvan
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IvanLabrie PRO manijeh.kazemi.33
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.
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Shorted again, stop at 1147.55. 1% risk.
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