GOLDIE TRADE LIVE ****
- 76 fib
- key level
- 2007 RN
with the war going on right now Gold is not very predictable, i am currently in this trade, will monitor next week.
But some other zones to keep an eye on ....
daily , 4H bearish
going with the trend
just reacting to price and Key Levels
just keeping my trading simple as that. everything is pointing down so just watching and following the markets.
EURJPY TRADE UPDATE...
was currently long in EJ but i did explain iwould evolve with price and thats what i did.
from recent post i was long on daily - but price showed hits hands and dropped back below support and that was indication for selling pressure.
mapped out daily areas
waited for price to break and retest. got in abit early but thats fine now waiting...
Currently in GJ trade :-
. waited for price to see if we broke or held
. price broke so i waited for price to return on daily
. dropped to the 1H for structure to form
. can see i mapped out what i was waiting for, a shift in momentum
. price broke the 1H support ( ray line) waited for retest and took my second trade.
Trade idea :-
. price at a key level
. waited to see if we break or if it holds
. waiting for structure to form to indicate the next move.
again pretty simple trading. just a waiting game now hopefully be ready for next week.
Another trade that planned out....
- price came back to key area
- 61 fib
i like price to fill a wick, my entries are simple. as soon as price hits a level just take it. the longer you wait for 'confirmation' the higher risk your trade is. Focus on recent price action , its always good to look at old data but i feel recent is stronger...
just following the trend.
- key area broker
- 38 fib.
my strategy is very simple i only trade key areas. i don't like to trade trading everyday as its not a healthy lifestyle. the more time you spend in front of a screen the more you force trades that aren't ready.
back posting for a little while then going quite again.
GOLDIE LIVE TRADE ***
Gold has hit my gold Key level
No waiting for Confluence or candle sticks patterns or whatever ,, all that is BS!!
What you waiting for as soon as price hits your level take the DAM TRADE!!
Because all your doing is increasing your risk .
Anyway rant over. Lets see if price goes down to 1921.
GBPNZD TRADE IDEA***
So price closes below weekly level shown above.
i waited all week for a sell set up to come into my plan.
Mapped out a simple 4H level, Waiting for price to retest it
and ill take my entry... Simple
AUDCHF TRADE IDEA *****
1. Daily Downtrend
3. Ema Align
4. Last but not least the KEY LEVEL #
price has failed to reach my 38 fib once so if we was to get a pullback i wouldnt be surprise is it breaks and reacts off my next key level ..
AUDCAD Journal Update...
Only taken 1 trade so far this week.Price failed to break my weekly level ( purple Line) .
I waited for structure to form, price created a high, higher higher - i waited for a retest
( focusing on the wicks) . took my entry / running about 30 odd pips in profit, target is 0.898 about 178 pips..
UPDATES TO FOLLOW
So not going to lie I missed my entry on gold at 1895 ( but we move )
Next sell idea for me ...
1.1960 key level ( Support & Resistance or whatever you others call it Supply & demand its all the same )
2. 38 Fib
With such a big move up i do expect bigger pullbacks for a continuation.