Hello traders. I will post some lower time frame analysis later today but I did want to show on the monthly chart of where I would be looking for potential Buys. Let's see how things play out over the next few hours as Pre NY volume start to come in a little under 2 hours from now. Big G gets all my thanks. Happy Wednesday.. Only today and tomorrow left in this trading month.
Comment:
2025.74 ws my Buy entry. Let's see how it plays out. At 30 pips or so I use the same formula.... Secure either 50% or 75% of profit, move stop loss to my entry point, leave a runner running. ( raja banks / uncle ted and kerwin get a thank you )
Trade active:
About 70 pips in profit. Very thankful.
Comment:
I just took a look at gold and wow , what a push up. I did not catch any of that move, but thankfully I had a great week. 2100 could be next if we break and close above 2085 on a high time frame. I am looking for a pullback next.. Maybe a break and retest scenario. Have a great weekend, be well and trade the trend.
Pip Whisperer